HomeMy WebLinkAboutRESOLUTION - 83-80 - 8/26/1980 - ENACTMENT, FEDERAL RESERVE BANK RESOLUTION NO. $3-80
A RESOLUTION FOR ENACTMENT
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the
Village of Elk Grove Village, Counties of Cook and DUPage, State of Illinois:
Section 1. That the Village of Elk Grove Village utilize the services of
Federal Reserve Bank of Chicago for the custody of securities pledged to the
Village or to any of its agencies or departments, upon terms and conditions
prescribed by said bank.
Section 2. That such securities deposited for custody with Federal Reserve
Bank of Chicago may be released from custody to said member bank by any one
of the following:
Treasurer
Finance Department Investment Clerk
Section 3. That the Village Clerk forward a certified copy of this resolution
to Federal Reserve Bank of Chicago together with a certificate attesting to
the names and signatures of the present incumbents of the offices described
above; and that the Village Clerk further certify to the bank from time to
time the signatures of any successors in office of any of the present incumbents.
Section 4. That Federal Reserve Bank of Chicago shall be fully discharged from
all liabilities or responsibility for any action carried out in accordance with
this resolution and it shall be entitled to rely on this resolution until it
receives express written notice to the contrary in the form of a certified copy
of a subsequently enacted resolution.
Section 5. That this resolution shall supersede and cancel all previous
resolutions relating to the custody of securities at Federal Reserve Bank
of Chicago.
Section 6. That this resolution shall be in full force and effect from and
after its passage and approval according to law.
I
PASSED this 26th day of August , 1980.
APPROVED this 26th day of August , 1980.
Attest: