HomeMy WebLinkAboutRESOLUTION - 10-83 - 2/8/1983 - DESIGNATE DEPOSITORY/SIGNATORIESRESOLUTION NO. 10-83
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
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 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: DIRECTOR OF
ACCOUNTING AND DIRECTOR OF SELF-FUNDED EMPLOYEE BENEFITS
Section 4. That this Resolution shall be in full force and
effect from and after its passage and approval according to law.
Passed and Approved this 8th day of February 1983
Charles J. Zettek
President
Attest:
Patricia S. Smith
Village Clerk
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VILLAGE OF ELK GROVE METITCAL/DENTAL SELF—INSURED PLAN
1.25.046 R.9!76 RE. ,)LUTIONS OF BOARD OF DIRECTOR -
CORPORATION
I, PATRICIA S. SMITH do hereby certify
( ) Village Clerk
that I am the duly { app d ) and qualified S&'MRmy and the keeper of the records and corporate seal of
the Village of Elk Grove
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 of Directors thereof, convened and held in accordance
with law and the by-laws of said corporation on the $th' day of
Venni Ary , 1983 , 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 Corpgfyation,
and that the following resolutions also constitute a,i agreement by said corporation with Continental Illinois N tional
Bank and Trust Company of Chicago in respect to the matters herein set forth: C
BE IT RESOLVED, That Continental Illinois National Bank and Trust Company of Chicago
be and hereby is designated as a depositary of tkis corporation. The depositary relationship governed by these resolutions and
agreements may be terminated by this corporation oy written notice to said bank, or by said bank by written notice to this
corporation.
BENT FURTHER RESOLVED, That the funds of this corporation may be deposited by its
officers, agents and employees and that ike Pilf9jejIs tl, etiply Iliq a a P eeide I,emy-Ati"IlaiA—TreasureF� "��"'�--r+
my Ass siam 6111815101816p, 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.)
iill�Ti8aee£eF,iRY ii6616taRt—T{BiaYieGthe rbel;Fatavy'r—'
Or
AS SHOWN ON SPECIMEN SIGNATURE
(Use blank spaces for additional titles or to authorize counter -signatures. Rule out alt spaces not so used. Rule out titles of all officers not authorized to sign.)
(or any other officers, agents or employees who may hereafter be designated in writing by the Village Clerk )
of this corporation be authorized: (Rule out it inapplicable.)
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To make and from time to time continue to make arrangements and to issue such instructions as to them ) shall
seem proper for the conduct of any such account or accounts, and
To sign checks and orders for the payment of money withdrawing funds from said account or accounts whether such
checks and orders create or increase an overdraft of said account or accounts or not, (payment or non payment of any such
overdraft to be at the option of said Bank), and said Continental Illinois National Bank and Trust Company of Chicago is hereby
authorized and directed to act upon and honor any instructions 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
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 tendered in payment of the individual obligation of any officer or person
signing them or of any of the other officers or persons or not, and
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.
Ai,J BE IT FURTHER RESOLVED: That Continental 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
purporting to bear the facsimile signature(s) of any one _ of the following:
ffnsert number of signatures required on each instrument.)
Robert R. Strodel AS SHOWN ON SPECIMEN SIGNATURE CARDS.
Earl L. Warner
DIRECTOR OF ACCOUNTING
- " `- --••'-" '^ k^^nr and to charge this corporation for
signature or signatures thereon may
cimens duly certified to or filed with
dficer of this corporation.
de named persons may Issue oral
its, amount and number of the
item
laid Bank may honor and charge to
y payable without regard to the date
DIIeEL?911 f EBS y such items after payment thereof,
= of the following:
tures required on each Instrument.)
S)k�'k �fPB{t�RrE 3�3€z�EAei�ri�
, or Director of Accounting
(Use 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 sign.)
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of this corporation be authorized upon such terms and conditions to I *AR, shall seem proper:
To borrow money and incur liabilities for, on behalf and in the name of this corporation, to sell or discount its bills
and acco s receivable, to enter into, make, sign, and deliver repurchase, revolving credit, term loan and other agreements,
including sub ination and similar agreements, to sign, execute, and deliver acceptances and promissory notes (including notes
with a confession judgment clause) and other obligations of this corporation for such amounts, for such time, at such rate of
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O interest or discount, an ontaining such terms and provisions and such collateral powers as to them shall seem proper, and
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sz S2 To receive and receipt f nd to sign orders and issue instructions for the handling and delivery of the proceeds of
rn C promissory notes and other obligations, d
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O d a To pledge, endorse, guarantee, assig , transfer, and deliver the bills and accounts receivable, bills of lading,
Z m warehouse receipts, stocks, bonds, or other property o is corporation as security for any moneys borrowed and as security for
o W any liability incurred or to be incurred by this corporation connection with any accceptance, note, letter of credit, guaranty,
V i trust receipt or otherwise, and
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Q To grant liens (by way of mortgage, pledge, assignment, facto lien, trust receipt, or any other liens whether similar
or dissimilar to the foregoing) on any and all property or interest therein (inclu without limiting the generality of the foregoing,
real property, chattels, materials, work in process, bills and accounts receivable, arehouse receipts, stocks and bonds) from
time to time owned by this corporation, as security for any moneys borrowed and a liabilities, direct or contingent, now or
hereafter owing or to become owing from this corporation to Continental Illinois National nk and Trust Company of Chicago,
and in connection therewith to endorse and deliver any such property or interest therein and execute and deliver agreements
concerning such security and the rights and powers of said Bank with respect thereto, and
To buy and sell foreign exchange, to purchase letters of credit, travelers' checks, and similar instr ants and for, on
behalf and in the name of this corporation to incur liabilities in connection therewith and in connection with the pu ase, sale, or
negotiation of any bills of exchange, letters of credit, travelers' checks, acceptances, drafts, bills of lading, and similar I ruments,
and to receive and receipt for, and sign receipts and trust receipts therefor, and to sign, execute, and deliver Ners,
applications, and agreements in connection therewith, which orders, applications, and agreements may contain such provisl
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as to them shall seem proper.
AND tdE IT FURTHER RESOLVED, That any of the following:
(Insert number of signatures required on each Instrument.)
The Chairman of the Board of Directors, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary,
any AAXistant Secretary, or
(Use blank spaces for addition titles or to authorize counter -signatures. Rule out ail spaces not so used. Rule out titles of all officers not authorized to sign.)
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of this corporation be authori upon such terms and conditions as to them (shall seem proper:
To deliver to and deposit h Continental Illinois National Bank and Trust Company of Chicago for safekeeping,
custody, or other purposes any bonds, stoc ,securities, and other property owned or otherwise held by this corporation and In
connection therewith to open and maintain wit aid Bank a safekeeping or custody account or accounts and to make the Initial
deposit therein and from time to time to make oth and additional deposits and to sign orders and Issue instructions to said Bank
for the conduct of said account or accounts, and
To withdraw, receive, and receipt for and to with w upon trust receipt on the responsibility of, and at the risk of
this corporation, and to sign orders and issue instructions for the cling, transfer, registration, sale, substitution, exchange, and
delivery of any bonds, stocks, securities, and other property and th roceeds thereof, delivered to, deposited with or otherwise
held by said Bank for the account of this corporation. Such withdrawals, ubstitutions, exchanges, and deliveries whether subject
to payment or not and whether pursuant to sale, exchange, or other transits 'on, may also be made by the bearer of any order,
receipt, or request so signed, and
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To purchase bonds, stocks, securities, and other property and to sign orders d issue instructions in connection with
the purchase, the payment, the registration, and the delivery thereof, and
To sell, pledge, transfer, assign, exchange, deposit with any reorganization committee, ondholders protective, or
other similar committee, or otherwise dispose of any bonds, stocks, securities, and other property belon g to or standing in the
name of this corporation or its nominee or held by this corporation for the account of others, and to s orders and Issue
instructions regarding the handling of any matters connected with such transactions, and
To identify and guarantee assignments, transfers, and endorsements for transfer on bonds, stock certifica
participation, and other certificates and to identify and guarantee signatures on bond and stock powers of attorney.
AND BE IT FURTHER RESOLVED, That this corporation agrees to examine statements of
account and both sides of accompanying items and to notify Bank of any unauthorized or missing signature or alteration of any
item, or any error in the statement, within thirty days from the date it is available for examination or the date it is mailed and
agrees to notify the Bank of any unauthorized or missing or forged endorsement within six months from the date it is available
for examination or the date it is mailed; failure to so notify the Bank as provided above shall preclude this corporation from
asserting against the Bank any such unauthorized or missing signature or endorsement, alteration, error, or forgery.
AND BE IT FURTHER RESOLVED, That each of the aforementioned officers, or persons
authorized to act for this corporation in any case aforesaid, shall be and hereby is further authorized, without the concurrence of
any other officer or person:
To waive presentment, demand, protest, and notice of dishonor or protest and to give instructions in regard to the
handling or delivery of any negotiable or non-negotiable papers or documents involved in any transactions for or on behalf of
this corporation, and
To sign reconcilements and certify to the correctness of statements of account and approve and authorize adjustments
therein, and
To act for this corporation in the transaction of all other business for its account and to sign orders and Issue
instructions to Continental Illinois National Bank and Trust Company of Chicago in connection therewith.
AND BE IT FURTHER RESOLVED, That the Secretary or any other officer of this corporation
be and hereby is authorized to certify to said Continental Illinois National Bank and Trust Company of Chicago a copy of these
resolutions and the names and signatures of this corporation's officers or employees hereby authorized to act in the premises,
and said Bank is hereby authorized to rely upon such certificate until formally advised by a like certificate of any change therein,
and is authorized to rely on any such additional certificates provided that any additional certificates shall not be effective with
respect to any check or other instrument for the payment of money dated on or prior to the date of such additional certificate but
presented for payment after receipt thereof by the Bank.
..AY PROVISION HEREOF which may be de„ ared unenforceable under any law
shall not affect the validity of any other provision 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 employees of said corporation in the capacity set before their
respective names:
OFFICER
Chairman of the Board
of Directors
President
Vice President
Vice President
Name OFFICER
Treasurer
Charles j, Zettek - Secretary
Vice President
Village Clerk Patricia S. Smith
Director of Self Funded Emnlovee Benefits
Director of Accounting
Village Manager Charles A. Willis
Comptroller
Name
Assistant Treasurer Leonard J. Flood
Assistant Secretary
Robert R. Strodel
Earl L. Warner
IN WITNESS WHEREOF, I have subscribed my name as Seefe" and have caused
-8th _ Febaurary 83
the corporate seal of said corporation to be hereunto affixed this day of , 19_.
Affix Corporate Seal Below:
F
SEAL
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