HomeMy WebLinkAboutRESOLUTION - 4-89 - 1/24/1989 - SIGNATORIES/NBD ELK GROVE BANKRESOLUTION NO. 4-89
RESOLUTION AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE
SIGNATORIES (NBD-ELK GROVE BANK)
WHEREAS, certain officials previously designated as appropriate
signatories for accounts at NBD-Elk Grove Bank have since left office
and new signatories must be designated.
NOW THEREFORE, BE IT RESOLVED, by the President and Board of
Trustees of the Village of Elk Grove Village, Counties of Cook and
DuPage, Illinois:
Section 1: That the Resolution contained in the attached exhibit
is hereby approved and the exhibit is to be considered a part of this
Resolution as though the Resolution were incorporated herein.
Section 2: That the bank account to which this Resolution is
applicable is as follows:
Village of Elk Grove Money Market Account
Section 3: That the following officials or employees are
designated signatories on the account named above: Village President,
Village Manager, Village Clerk, Village Treasurer, Assistant Village
Treasurer.
Section 4: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 24th day of January , 1989.
APPROVED this 24th day of January , 1989.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
Certified Resor ''ons of Board of Directors
Corporation (Checking)
Name lux LD. Number
Village of Elk Grove Village 36-6009201
Addree, "fdephone Numher
901 Wellington (312) 439-3900
City. Slate Zip Oak A,c,,ma Numbcr
Elk Grove Village, IL 60007 400-5333
To: NBD Elk Grove Bank, Elk Grove Village, Illinois
1, Patricia S. Smith do hereby certify that I am the duly elected, qualified and acting Village Clerk
.v*x")r and the keeper of the corporate records and corporate seal of the Village of Elk Grove Village _
a corporation duly organized and existing under the laws of Illinois , and that the following
is a true and correct co of certain resolutions dui adopted at a meeting of the Board of. u to S
copy y p 6 x(Phereof convened and held in accordance with law
and the by-laws of said corporation on the 24 day of Januart7 . 1989 , or by a legally effective
instrument of unanimous Directors' consent dated — 19=. and that such resolutions have not been
amended or rescinded and are now in full force and effect:
BE IT RESOLVED, that NBD Elk Grove Bank ("Bank") is designated a depository in which the funds of this corporation may be deposited. and
that the officers, employees or agents of this corporation are hereby authorized to open and maintain an account or accounts with said Bank, and that the
officers, erttpbgoes or agents of this corporation, and each of them, are hereby authorized to endorse, in the name of this corporation, for the purpose of
deposit and collection in and with said Bank, checks, drafts, notes and other like obligations, and to execute authorization agreements or orders for the
automatic or electronic transfer of funds for deposit to said account or accounts, and that endorsements for deposit and collection may be by the written
or stamped endorsements of this corporation without designation of the party making the endorsement: it being understood and agreed that on all such items
deposited, all prior endorsements are guaranteed by this corporation whether or not an express guaranty Is incorporated in such endorsements.
AND BE 1T FURTHER RESOLVED, that:
(1) Chan -drafts and orders for the payment of money withdrawing funds from said account or accounts shall require Two* signature(s).
(number required)
The following are authorized to sign checks. drafts and orders on behalf of the corporation and in the following manner:
*One of which must be the Village Treasurer or Assistant village Treasurer
(Titles of Orrms Awhorized to Execute)
Village President, Village Manager, Village Clerk, Village Treasurer, Assistant
Treasurer
Said Bank is hereby, authorized and directed, without limitation as to amount, without inquiry as to the circumstances of issue. negotiation or endorsement
thereof, and without inquiry or regard to the authority of the person or persons signing the instrument, to honor and pay out the funds of this corporation
on deposit with it in said account or accounts. from time to time, on the basis of any checks, drafts or orders so drawn, when so signed. whether such
checks, drafts er orders be payable to cash, bearer, the order of this corporation, or to the order of any third party, or to the order of any officer or person
signing said checks, drafts or orders or any of said officers or persons in their individual capacities or not. and whether such checks, drafts or orders are
deposited to the individual credit of any officer or person signing said checks, drafts or orders or the individual credit of any of the other officers or persons
aforesaid.
(2) The term "orders." as used herein, shall include the authority and power of the Bank to honor, execute and charge to the account(s) of this corpora-
tion, without fmnit as to amount, any and all automatic or electronic debit entry authorizations, telephonic, telegraphic. oral or written requests, singly,
from any of the ofiiicer(s) or person(s) authorized, from time to time, to act for this corporation hereunder ("designated person"), for the transfer of funds
from this corporation's account(s) with the Bank to any other accounts) of either this corporation or a third party whether such accounts) are with the
Bank or other bwtks(s). Although the Bank is hereby authorized to verify orders for third -party transfers by calling a designated person. other than the original
caller, the Bank is not required hereby so to act, but is authorized to act, without inquiry, uopn requests received by it from any person who represents
himself or herself to the Bank to be a designated. person. The Bank is authorized to refuse to make any transfer, when, in its sole and absolute discretion,
such request convolutes an improper and unauthorized direction for the transfer. Any transfer order shall not be in an amount in excess of the collected
amount on deposit in any such account(s). If in excess, the Bank need not make a transfer, and shall not be liable for damages, losses or expenses (including
attorneys' fees). resulting from its failure so to do; provided, however, that if, in such circumstances, the Bank does make a transfer, the corporation, in
all events, shall be liable for the amount so transferred. If multiple transfers to be made from one account are in excess of the collected amount on deposit
therein, the Book shall, without liability whatsoever, have the authority and power to make such transfer or transfers in such manner and in such amounts
as the Bank, in its sole and absolute discretion, may determine. The Bank shall not be liable for damages, losses or expenses (including attorneys' fees),
caused by any transfer, when ordered singly by any designated person or for its failure or delay in making any transfer of funds due to electronic, mechanical
or other tent -w-1 difficulties, or resulting from delays in posting deposits to or withdrawals from this corporation's account(s). The Bank is authorized
to record lieetrovically all telephonic orders received by the Bank's wire services area from a designated person and to retain such recordings for ninety
(90) days following the date of the order to transfer, to allow recovery of verbal orders, when desired. Any discrepancy between the corporation's records
of transfers and the Bank's statement shall be brought to the attention of the Bank in writing within twenty (20) days after the statement date, otherwise
the statement shall be and become conclusive.
NBD/ILL/CL II51�. 9188)
AND BE IT FUR
TU I ) To sell, IrFURTUER RESOL V
and interim cer[ifi and endorse foEsale )chat Inv omc of the ah,
(?) To I cares, panic' nr n and for 1` ° named mffcers
6Y ih3' To dn1.on.nn he Battik /or guarantees In en
ti+r and behalf of this arsons an hereby auMrrizd fife'
rPoratio love a certificates; °n be not and is
dentif aforesa ,,Ment of �Poranon. • y and all s be
halfof his Ind cher critifcat and/or guarantee si or any other bunk; any Payee or endorser of any checks, pcurities. inealudiug registered bo°m
(1) To e+ or on bond gnaturcs ad endorsers
for rhe wit withdraw• receiv ad/Or on +encs ° rot , r rOrders
hdraw cad recti 'f°ck Powers of n any and all securities.
' fts i -
account. Su, al, substituion pt life and withdraw auornst exctiut registered I Payment of m
it the ,
ch withdrawals, and/or exeha upon ,rust r ed in connection therewith; sr`><k
one)
(5) To waive substitutions or tinge °1 any and all collateral on the responsibilt[ th• and inter
negotiable or Presenrment, qe CAC an •es se • Interim certificates, panic
(6) Anvthirton�nego(table papemao dtlPrcnest an /o not ce at
q made by the ile's or beaer property P� Reda( the risk of this corporation, .
Of this coMorahon Band rein t° the contrary no w, nems invmlvd ao honor or r or, order, ret Rned' ansterred or and to sign
in P otest and e+ t or rr
(Y) To thstandin,. to Y w said transactions -t° give in.,ructions i request ui signd;°therwise held
this corporation and sp!! to exchange! discount with, and endorse to, the afore n no, to the ham}ling ord ry °
s in
and
IQ sig'nteece s' acceptaincur nces srbis of n chana�t letterstn f Credit. t elers. checks. and mid 8- sumer paper for elive
and to sign execute
pts one n ch letters edit. fray Bank intallment on
provisions as to them shale seernorders, a ,feat ge• and similar Instrument,n with rhe earths similar le instruments a and on b
Of) behalf and in It,
with (I ) SaidBaIT ha RTHER Proper.ED ons and agreements n connectionnheew h, h ch receipt negotiation
. ig reebills
t'pts and trust ceiers of ere
[7ewe and any
RFSOLV $eications.
u checked not be, in any mann r that:
transaclions shall r Draped out or borroweda I' '"Soever, res aagreements y cro t
nd Pts there
May contain si
(2) In o be conclusive) from n, ore i'io
rape to induce said Y presumed to Fre legallys
responsible or
secured by t
filled r (a) The aforesaid Bank to act pursuante f I upon ah and the
required to see to
scount of a
esolw' resoluti ores a
funds of
or Assistanr Scott° that eff, ons shalt continu fO the foregoin res is corporation.obligation,r u as
this ° application
°f and of [hhereinaboveis corporation deposiu
pct stated to h e in force k olu[ions.
receipt theremf or tory of this corporation. been duly adopted y d revoked Bo or modified by cOlPoration herebeesy Provided, and allreceipt Of Such su
as
as 10 any
ided
ny such
bes�C119e specimenauthentica' a' IQ anY resolu sented to w Bank after, receiert drnntsbefo he Pa m°me°shall notibere feacpye and signed by °ne p� d Bank, setting fortb a ter
notice, they o that aally to'$ Of this cc
to b Purporting
may have signatures a n of this co p uch notice a money or the any exercise o g tO be the Sec
credit of, been Bank
o not and/or to an t rrarame or as to and persons said 8 h k is Y re office nzedwatr'If ely upon the ied °n °rr prior to the ecus♦
(b) 7y1e Bank of recognize Y other co matters, he ° hereby ands, Por to the
assertin or held by it forthe account
a m said Bank shall rs or signatories as' Communic actual
g such sub clot Of authority to order be harm gnash riel of this anon r
competent 'Jurisdiction
�'quent claim un[ of, this corporation, the Payment less in such r Corporation, tiIQ e„ ed
With
s reties in the Unita )States are an approprtatehich conftcrs with a claim slivery of any funds or eliance, even though such resolutionthea
form on s coµ sureties
to said Bank au"iing s anrestraining Old )unction Of a dher h
fees Dunt of said B er, Inauthority of which sank °PertY standing Property
asserting the dal Y action by said q Mdemnil g said o. or in lieu thereof with aPPro process ad Prior notice �uniess thn Its en fO the
(Ci TO m of which Bank pursuant r such yin nk for anythe the propriate against y suffer result, no Bank and �° e at had nopce at 9uent submor y. lossccount of the , Bank. shall m a cou
may subu and all )-obit[ sent of'said B sad Bank from person
all t fro,owing it free a Clai all deliv rt of
t ge- costs and
resol
out Of
Col
the for
(it) To
og emniutionsr�nkr its failure
re not,torsConformlcontioiness twith any any s oke ail la, s[ demandConti-s claimexpensesIS carnal
by thcheck oron'er order oof a expenses ff any Saidee son
resthe and the
whid1G Bank to bom, an growing out of acceptance byfree and harmless fro pests to the authors Bank as a result fin $lading attorneys' fees)rn os ting such bond.
ch d not in Y request received the of a r m any and all ctaimzations Speciftd her its actions or its failure t ses or damage it
le 71" Bank 1 fell s conform to from any nndividual west to transfer fangs from
expenus(includingder. o act under any and
or agency set shall no[ 6e liable ' the authorizarion (s) not so named any indivi alto
aced b `n any matter sPecifred hereu or listed%r fr°m the Individual(s) named Or listed eys fees). Joss or dam
all liability, for any loss or Bank in connection w whater oder with reshere
equipment used y mage caused or rch any man ry eiapnanY miscarriage, mistook to the mdiv dual usal Sy the Bank to honorian r from the refusal
Y age
the Bank in co any b 9 to these take. delay misfeasane) makings h request request rete
connection y an resolutions, such ived
Wider
d
AND BE 7T F[JRT on with the services provided thing beyond the immedi rhe Bank is beret, mm�-feasance on the
er the corporate HER RESOLVED m hereunder. immediate direct control f the
anddithe part of any agent and
aced
sal °f the corporation, ro ��Qat the� p� �•� )a he Bank 8 from
I do further tett' Bank, a COPYCOPY oft_' � er Y e malfunction o' and
to sign for fy that the not esti resolutionsand the `_ of
Fresidene the corporation appear below and/oreoffn the acomPan Is corporation caarc as follows, ars the ons authorized rtopOration on bis 'unhr thZed
doto Certify
,
he this or
s.
viTdf[e ''18z8 �= s .7• Zettek rYcY VijZa9e Cthat the genuine signatures of those above au�o ized
leek
1Fsr�Px?fq r.__. Patricia c
..,..owm ,gjaYa Vi11419eIN T -
reast�rer
WOfTSfo HEREOF
Y,the phayc ce
Seal unro fixed affixed
yrsaid ooo meas
AMS, CorPateSeae raion tbe heretoaff-ixedthis P24ricia S, Smi th
clay of Januar and have
caused
A.D. 1989
Clerk
Federal Taxpayer Employer
fdenrifica[ion Number
THC( 11RR0111T1O,ti' SrIAFq�FfIFC Nk FI'tOt'` f•Fg7•fF
36-6009201
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