HomeMy WebLinkAboutRESOLUTION - 53-89 - 8/22/1989 - SIGNATORIES DESIGNATED/CONTINENTAL BANK RESOLUTION NO. 53-89
A RESOLUTION DESIGNATING A DEPOSITORY AND AUTHORIZING CERTAIN
OFFICIALS AS APPROPRIATE SIGNATORIES (Continental Bank)
WHEREAS, it has been recommended that the best interest of the Village
of Elk Grove Village would be served by maintaining the Continental
Illinois National Bank and Trust Company of Chicago as a designated
depository in which certain funds for the self-insured medical and dental
plan of the Village of Elk Grove Village may be deposited.
NOW, THEREFORE, BE IT RESOLVED, by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and Du Page, 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 Medical/Dental Self--Insured Plan #78-80227"
Section 3. That the following officials or employees of Gallagher
Bassett Insurance Services, the plan administrator, are designated
signatories of the account named above:
"Assistant Director of Operations" and "Vice President"
Section 4. That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 22nd day of August , 1989.
APPROVED this 22nd day of August , 1989.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
f-25.046 R.ahs RESOLUTIONS OF BOARD OF DIRECTORS CORPORATION
( 1, Patricizt S. Smith do hereby certify
that I am the duly < ap ed and qualified SAWNW$ and the keeper of the records and corporate seal of
l Village Clerk
The Village of Elk Grove Village a corporation organized and
existing under the laws of Illinois and that the following is a true and correct copy
of certain resolutions duly adopted at a meeting of the, Board ofZW6W&4Kthereof, convened and held in accordance
Trustees
with law and the by-laws of said corporation on the _ 22nd day of
August , 19 89,, and that :such resolutions are now in full force and effect and are not
in contravention of, or in conflict with the by-laws or the charter or articles of incorporation of said corporation,
and that the following resolutions also constitute an agreement by said corporation with Continental Illinois National
Bank and Trust Company of Chicago in respect to the matters herein set forth:
BE IT RESOLVED, That Continental Illinois National Bank and Trust Company of Chicago
be and hereby is designated as a depositary of this corporation. The depositary relationship governed by these resolutions and
agreements may be terminated by this corporation by written notice to said bank, or by said bank by written notice to this
corporation.
BE IT FURTHER RESOLVED, That the funds of this corporation may be deposited by its
officers, agents and employees and that the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary,
any Assistant Secretary, or any other officer of this corporation be and hereby is authorized to open and maintain an account or
accounts with said Bank and to endorse and deposit with said Bank negotiable instruments and orders for the payment of money
which endorsements may be made in writing or by a stamp and without designation of the person so endorsing, and it being
understood and agreed that on all such items deposited all prior endorsements are guaranteed by this corporation whether or
not expressly incorporated therein. Said Bank may return to this corporation any item not clearly endorsed by the corporation, or
may endorse any such item on the corporation's behalf in order to facilitate collection. The Bank shall not be liable for any delays
in the presentment or return of negotiable instruments and orders for the payment of money which are not properly endorsed.
AND BE IT FURTHER RESOLVED, That any one of the following:
(Insert number of signatures required on each instrument,)
Fhe-C�Ireinnen�i-Me�oefd-ef-0i+eeFosa;the-Preei9erhr�+y-14aEfFreai9eNtrtFaso'ssecuwr.gayAcsislagiS.reacurar.JGe.SacrW
anyF. Walsh. Asst Director of Operations-GRRA or
Robert C. Strom, Vice President-GBBA
qIUs. blank spaces for additional titles or to authorize counter-signatures. Rule out all.spaces not so used. Rule out titles of all officers not authorized to sight
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f (or any other officers, agents or employees who may hereafter be designated in writing by ---------^------^-----^—)
of this corporation be authorized: (Rule out if inapplicable.)
= him
W To make and from time to time continue to make arrangements and to issue such instructions as to Ithem� shall
y x seem proper for the conduct of any such account or accounts, and
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U Z To sign checks and orders for the payment of money withdrawing funds from said account or accounts whether such
= ty checks and orders create or increase an overdraft of said account or accounts or not, (payment or non payment of any such
uoverdraft to be at the option of said Bank), and said Continental Illinois National Bank and Trust Company of Chicago is hereby
o authorized and directed to act upon and honor any instruction;so issued and to honor, pay and charge to any account or accounts,
of this corporation all checks and orders for the payment of money so drawn when so signed without inquiring as to the
circumstances of their issue or the disposition of their proceeds, whether such checks be payable to the order of, or endorsed
CI or negotiated by any officer or person signing them, or any of said officers or persons in their individual capacities or not, and
= whether they are deposited to the individual credit of or tenclered in payment of the individual obligation of any officer or person
Z signing them or of any of the other officers or persons or not, and
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y To endorse for negotiation, negotiate, and receive the proceeds of any negotiable instruments or orders for the
payment of money payable to or belonging to this corporation, and
To identify, approve, endorse, and guarantee the endorsement of any payee or endorser on any checks or drafts
whether drawn by this corporation or anyone else and to guarantee the payment thereof, and delegate to others authority to so
identify, approve, and endorse, and guarantee the endorsement of any payee or endorser on any such checks or drafts and to
guarantee the payment thereof.
BE IT FURTHER RESOLVED: That Conth._,tal Illinois National Bank and Trust
Company of Chicago as a designated depositary of this corporation be and it is hereby requested, authorized and directed to
honor checks, drafts or other orders for the payment of money drawn in this corporation's name, Including those drawn to the
individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or
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m purporting to bear the facsimile signafure(s) of any one of the following:
E (In er of signatures reg6iTd on ae h Instrument.)
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N r0 DI RSS ST. IARC o —cOaA�OR>;aA NS SUPPORT Pik
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LL VICIE PRESIDENT
and Continental Illinois National Bank and Trust Company of Chicago shall be entitled to honor and to charge this corporation for
all such checks, drafts or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may
have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with
Continental Illinois National Bank and Trust Company of Chicago by the Secretary or other officer of this corporation.
AND BE IT FURTHER RESOLVED, That any of the above named persons may Issue an oral
or written stop payment order which must specify the precise account number, payee, date, amount and number of the Item
(which number should be MICR encoded if the item is a check). It is further agreed that said Bank may honor and charge to
this corporation checks, drafts, or other orders for the payment of money, otherwise properly payable without regard to the date
thereon, and Bank will not be responsible or liable for any stop payment order placed on any such Items after payment thereof,
but in advance of its date.
AND BE IT FURTHER RESOLVED, That any of the follow g:
rum
(Insert number of signatures required on each Instent.)
The Chairman of the Boardof 'rectors, the President, any Vice President, the Treasurer, any Assistant Treasurer, the cretary,
any Assistant Secretary, or
(Use blank spaces for additional titles or to authorize cou -signatures. Rule out all spaces not so used. Rule out titlaa of all c icane not authorized to sign.)
of this corporation be authorized upon such term and conditions to )them shall seem proper:
To borrow money and Incur liabilities for, on ehalf and in the name of t 's corporation, to sell or discount its bills
and accounts receivable, to enter into, make, sign, and d Iver repurchase, revolt' g credit, term loan and other agreements,
including subordination and similar agreements, to sign, exe te, and deliver a�tances and promissory notes (including notes
with a confession of judgment clause) and other obligations o this oorporatiIn for such amounts, for such time, at such rate of
him
C interest or discount, and containing such terms and provisions an such ollateral powers as to #them(
= shall seem proper, and
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To receive and receipt for and to sign orders and issue inst ctions for the handling and delivery of the proceeds of
u) u C promissory notes and other obligations, and
W N O
f— 2
C `m < To pledge, endorse, guarantee, assign, ansfer, and deliver th bills and accounts receivable, bills of lading,
= m F warehouse receipts, stocks, bonds, or other prope of this corporation as security for any moneys borrowed and as security for
o W any liability incurred or to be incurred by this c potation in connection with any\ ccceptance, note, letter of credit, guaranty,
u MW trust receipt or otherwise, and
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a To grant liens (by way of ortgage, pledge, assignment, lector's lien, trust rec 'pt, or any other liens whether similar
or dissimilar to the foregoing) on a and all property or interest therein (including, without Ilr�titing the generality of the foregoing,
real property, chattels, material , work in process, bills and accounts receivable, warehouse receipts, stocks and bonds) from
time to time owned by this rporation, as security for any moneys borrowed and any liabiliti�, direct or contingent, now or
hereafter owing or to bee a owing from this corporation to Continental Illinois National Bank and Trust Company of Chicago,
and in connection Cher lth to endorse and deliver any such property or interest therein and to axe ul ts, a and deliver agreements
concerning such sec ity and the rights and powers of said Bank with respect thereto, and �\
buy and sell foreign exchange, to purchase letters of credit, travelers' checks, and similar instruments and for, on
behalf an in the name of this corporation to incur liabilities in connection therewith and in connection with the purchase, sale, or
negoti Ion of any bills of exchange, letters of credit, travelers' checks, acceptances, drafts, bills of lading, and similar instruments,
an to receive and receipt for, and sign receipts and trust receipts therefor, and to sign, execute, and 'deliver orders,
applications, and agreements in connection therewith, which orders, applications, and agreements may contain such provisions
him
as to them# shall seem proper.
ANY PRO".ziION HEREOF which may be declared unenforceable under any law
shall not affect the validity of any other prow..._,. hereof.
This agreement shall be governed by and construed in accordance with the laws of the State of Illinois.
I FURTHER CERTIFY THAT the following persons have been appointed or elected,
have qualified and are now acting as officers or errptoyees of said corporation in the capacity set before their
respective names:
OFFICER Name OFFICER Name
Chairman of the Board
of Directors ""------" Treasurer George C. Coney
Village Clerk
President Charles J. Zettek _ ardw"yx Patricia S. Smith
Village Manager
Y1K, :Y=JKV Charles A. Willis Comptroller --------------
Vice President --`--------- _ Assistant Treasurer Hilda Ingebrigtsen
Vice President --"-------- _ Assistant Secretary
IN WITNESS WHEREOF, I have subscribed my name as Secretary and have caused
the corporate seal of said corporation to be hereunto affixed this _nth day of August 1999-_.
Affix Corporate Seal Below:
` ', r Village Clerf
ACCOUNT NAME: ACCOUNT NUMBER -
Elk Grove Village Medical/De ti Self-Insured Plan
78-80227
TAXPAYER IDENTIFICATION NUMBER: 3 6-6 00 92 01
Nancy F. Walsh
GBBA-Asst Dir of Oper will .
PRINT OR TYPE NAME sign
Signature N1
Robert C. Strom
GBBA-Vice President 5gn
PRINT OR TYPE NAME Signature e2
will
PRINT OR TYPE NAME Sign
Signature e3
will 0
PRINT OR TYPE NAME sign
Signature k4
Use the Reverse Side for Additional Signatures
y TO:Continental Bank N.A..231 South LaSalle Street,Chicago,Illinois 60697 COMMERCIAL