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Home My WebLink AboutRESOLUTION - 32-81 - 5/12/1981 - SIGNATORIES/SUBURBAN BANK OF EGRESOLUTION NO. 32-81 A RESOLUTION DESIGNATING A DEPOSITORY AND AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES (Suburban National Bank of Elk Grove) WHEREAS, it has been recommended that the best interest of the Village of Elk Grove Village would be served by maintaining the Suburban National Bank of Elk Grove Village as a designated depository in which certain funds of the Village of Elk Grove Village may be deposited, and, WHEREAS, certain officials previously designated as appropriate signatories 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 Resolutions contained in the attached exhibit are hereby approved and the exhibit is to be considered a part of this Resolution as though the Resolutions were incorporated herein. Section 2. That the bank account to which this Resolution is applicable is as follows: Federal Revenue Sharing Fund #00-001-9 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. Attest: Passed and Approved this 12th day of May , 1981. Village Clerk PVsi de�t THIS COPY TO BE DELIVERED TO THE BANK ................... F.aa..M....&1. atipp .............. Village Clerk ..............I do hereby certify that I am the geeret=y of... ..Vii age .......................................... a Corporation duly and legally organized and existing under and by virtue of the laws I . of the State of..... us iunis ............................. and that I am the Custodian of the records and the seal of said Corporation; that at a meeting of the Board of Directors of said Corporation duly and legally called and held in accordance with law and the By -Laws of said Corporation, on the..izth............ day of ...... ma. z ................................ A.D. 19...1.1.., at which said meeting a majority and quorum of the Board of Directors of said Corpora- tion, was present; the following Resolution was adopted by the affirmative vote of a majority of the whole Board of Directors of said Corporation, to -wit: TXustee.� Be it Resolved by the Board of IXMOtat's of......tfr9...M.2.agp... gf..V's,,,....... 1. That the... Suburban National Bank......of..Elk Grove Village ........ ... ..... . be and it is hereby designated as one of the depositaries of the funds of this Corporation, and that the officers or employees of said Corporation 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, issued or drawn to and owned by said Corporation, and it is further resolved that endorsements for deposit and collection may be by the written or stamped endorsement of the Corporation without designation of the party making the endorsement. 2. That said Bank be and it is hereby authorized, to pay out the funds of this Corporation on deposit with it from time to time upon checks drawn upon said depositary and signed in the name of this Corporation by its ... TXWdsUq.4................................•„_..........................,.......,or AssistarPreside,.. Manager . . .....nt .........T...easurer ..........................and counter -signed by its.........................nt.... ................................. or ..... village. Clerk .......... whether said checks are payable to cash, bearer or ......................... the order of the Corporation, or to any third party, or to the order of any signing or countersigning officer of the Corporation or any other Corporation officer, in either their individual or official capacity. 3 -.,That the.................................................................... and ..................................................................................... or.......................................................................... and ..................... or.......................................................................................................................................................................... of this Corporation be an are hereby authorized from time to time to borrow money from said Bank in such amoun _,r such length of time and at such rate of interest and upon such other terms and condition said officer or officers may deem expedient, and to evidence the indebtedness thereby creaexecuting and delivering in the name and on behalf of this Corporation promissory notes, ent promissory notes and other like e o obligations of this Corporation, signed in the nams Corporation by the officer or officers designated above; and to pledge as security fort yment of said notes and other obligations any property or security now or hereafter be ng to said Corpora- tion, which notes or other obligations shall be in such form and shall nin such terms, provisions and conditions as may be deemed proper by such officer or offlc and said officer or officers is or are further authorized to discount to said Bank the notes an her obligations issued to or owned by said Corporation, and to endorse the same for su purpose. 4. That the said Bank shall not be in any manner whatsoever, responsible for or required to see to the application of any of the funds of this Corporation deposited with it, checked out or borrowed from it, or secured by the discount of notes and other obligations to it as hereinbefore provided, and all such transactions shall be conclusively presumed to be legally binding upon this Corporation. THis COPY To BE DELIVERED To THE BANK Village Clerk 5. That... E?.H.. %.,,p shop.. the 1*tYMXFf1bf this Corporation, shall file with the said Bank a certified copy of this Resolution under the corporate seal of this Corpora- tion and shall also file with the said Bank a certified list of the persons at the present time holding the offices of.... Presid.e.nn.t.................. Village„Manager.,,,,,,,, . ....... illage..Clerk............................................... ......Treasurer..........................................................., Assi.stant...Treasarer .........................and......................................................................................... in this Corporation, and it shall be conclusively presumed that the persons so certified as holding such offices continue respectively to hold the same until the said Bank is other- wise notified in writing by the Secretary of this Corporation. 6. That this Resolution shall be in full force and effect and binding upon this Corporation until it shall have been rescinded, and written notice of such recission under the corpo- rate seal shall have been delivered to said Bank. And I do further certify that the above Resolution has not been in any wise altered, amended or rescinded and is now in full force and effect. I do further certify that the names and genuine signatures of the present officers of said Corporation are as follows, and that the genuine signatures of those above authori to ign four £/�-corporation appear on the accompanying cards: `� :....:- ....................... J. Ze Vice -President. Fay ............................................................. ...............�,............ Vice -President. Leonard J. Flood ........................................................................................................................................................................................ Vice -President. .. 6 .......................................... Charles A. Willis Village Manager IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corpo- rate seal of said Corporation, this...A� day of ........... �R4 .. , A.D. 19..& c.......7J{....��............. 1 Village Clerk ;. \ ;3orxetanp. i Please Place Impression of the Corporate Seal .. Here IIS Trustee I...................................................................... a Wy,ik k,AI' of said Corporation, do hereby certify that the foregoing is a correct copy of a resolution passed as therein set forth. ............................................................................................ Trustee INKMXry Village Clerk The foregoing should be signed by the mwotarT of the board and if possible also by some Dire! t w not authorized to sign on the Corporation's bank account. S -CK FOR,. !4f -z