HomeMy WebLinkAboutRESOLUTION - 15-88 - 2/23/1988 - AUTHORIZE SIGNATORIESRESOLUTION NO. 15-88
A RESOLUTION DESIGNATING A DEPOSITORY FOR SECURITIES AND
AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES
(FEDERAL RESERVE BANK OF CHICAGO)
WHEREAS, it has been recommended that the best interest of the
Village of Elk Grove Village would be served by maintaining the Federal
Reserve Bank of Chicago, Illinois as a designated depository in which
certain securities of the Village of Elk Grove Village may be held in
custody,
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 Resolutions contained in the attached
exhibits & B) are hereby approved and the exhibits are to be
considered a part of this Resolution as though the Resolutions were
incorporated herein.
Section 2: That the Banks to which this Resolution is applicable
are assooTTows:
Northern Trust Bank Company of Chicago
Continental Illinois National Bank &
Trust Company of Chicago
Section 3: That the following officials are designated to direct
the release—,—placement and substitution of securities pledged to the
Village of Elk Grove Village: Village Treasurer and Assistant Village
Treasurer.
Section 4: That this Resolution shall be in full force and
effect rand after its passage and approval according to law.
PASSED this 23rd day of February , 1988•
APPROVED this 23rd day Of February , 1988.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
FRa OHGO 241 (REV 11130184) NS
SUGGESTED RESOLUTION FOR ENACTMENT
Continental Illinois National
RESOLVED, that the Bank & Trust Company of Chicago —utilize the services of
(Nome of Financial Institution)
Federal Reserve Bank of Chicago for the custody of securities pledged to the Village of Elk Grove Village
(Name of Public Body (pledgee))
or to any of its agencies or departments, upon terms and conditions prescribed by the Federal Reserve Bank of
Chicago.
RESOLVED, that such securities deposited for custody with Federal Reserve Bank of Chicago maybe released from
custody to Continental Illinois National Bank $ Trust Company upon the signature of:
(Name of Financial Institution)
Signature of one of following: Treasurer or Assistant Treasurer
(Show how many signatures are required: e.g., "any two of the following, Treasurer,
Clerk, President." List only titles of those authorized: e.g., Treasurer, Clerk, President. Do
not insert names of persons.)
RESOLVED, that the Village of Elk Grove Village Clerk forward a certified copy of this
(Name of Pledgee)
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 of ELk Grove Village
(Name of Pledgee)
Clerk further certify to the bank from time to time the signatures of any successors in office of any of the present
incumbents.
RESOLVED, that Federal Reserve Bank of Chicago shall be fully discharged from all liabilities or responsibility for
any action carred out in accordance with this resolution and it shall be entitled to rely on this resolution until itreceives
express written notice to the contrary in the form of a certified copy of a subsequently enacted resolution.
RESOLVED, that this resolution shall supersede and cancel all previous resolutions relating to the custody of
securities at Federal Reserve Bank of Chicago.
I hereby certify that the foregoing is a true and correct copy of a Resolution of the Board of Trustees
(Name of Goueming Board)
of the Village of Elk Grove Villae®dopted at a meeting of said Board of Trustees
(Nome of Pledgee) (Nome of Governing Board)
duly called and held on the 23 day of February 19_2_ a
quorum being present, as said Resolution remains of record in the minutes of said meeting, and it is now in full force
and effect.
23
Dated the day of February 19 88
Clerk - VIIIage, Clem
SIGNATURE GUARNATEED
(Corporate Seal) Continental Illinois National
Bank & Trust Company of Chicago
(Name of Depository Institution)
By: David L. AtkinsfQl���% (CCXt(-nL
Title: Vice President
(The clerk's signature on the certification of the resolution
and his signature and the signatures of those authorized
to act for the pledgee contained in the signature certifica-
tion should be guaranteed by a financial institution that (Depository Institution Seal)
maintains an account with the Federal Reserve Bank)
Pledge Account
FRS ONOO 2J1 (REV I If"/SI) NS
SUGGESTED RESOLUTION FOR ENACTMENT
Northern Trust Bank
RESOLVED, that the utilize the services of
(Name of Financial Institution) Village of ELk Grove Village
Federal Reserve Bank of Chicago for the custody of securities pledged to the
(Name of Public Body (pledgee))
or to any of its agencies or departments, upon terms and conditions prescribed by the Federal Reserve Bank of
Chicago.
RESOLVED, that such securities deposited for custody with Federal Reserve Bank of Chicago may be released from
Northern Trust Bank Company
custody to upon the signature of:
(Name of Financial Institution)
the Treasurer or Assistant Treasurer
(Show how many signatures are required., ag, "any two of the following, Treasurer,
Clerk, President" List only titles of those authorized: e.g., Treasurer, Clerk, President. Do
not insert names of persons.)
RESOLVED, that the Village of ElkGrove Village Clerk forward a certified copy of this
(Name of Pledgee)
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 of ELk Grove
(Name of Pledgee)
Clerk further certify to the bank from time to time the signatures of any successors in office of any of the present
incumbents.
RESOLVED, that Federal Reserve Bank of Chicago shall be fully discharged from all liabilities or responsibility for
any action carred out in accordance with this resolution and itshall 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.
RESOLVED, that this resolution shall supersede and cancel all previous resolutions relating to the custody of
securities at Federal Reserve Bank of Chicago.
1 hereby certify that the foregoing is a true and correct copy of a Resolution of the Board of Trustees
Village of Elk Grove Villa
i9
opted the , opted at a meeting of said Vi I I q
(Name of Governing Board)
(Name of Pledgee) W.41RRo /ring Board)
duly called and held on the Z3 day of February , 19-2--, a
quorum being present, as said Resolution remains of record in the minutes of said meeting, and it is now in full force
and effect.
Dated the 23 day of
(Corporate Seat)
February 19 88
(The clerk's signature on the certification of the resolution
and his signature and the signatures of those authorized
to act for the pledgee contained in the signature certifica-
tion should be guaranteed by a financial institution that
maintains an account with the Federal Reserve Bank)
Pledge Account
Clerk Village Clerk
SIGNATURE GUARNATEED
Northern Trust Bank Company
(Name of Depository Institution)
Title:
(Depository Institution Seal)
FRB LHGO 24311 a185I NS
Federal Reserve Bank of Chicago
P.O. Box 834
Chicago, Illinois 60690-0834
Gentlemen:
CUSTODY AGREEMENT
February 9, 1988
Dale
You are hereby authorized to accept and hold in custody for our account securities by
Northern Trust Bank Comoanv
Pledgor
50 S. LaSalle Street Chicago, Illinois 60675
Address /City and State)
We agree that such securities are held subject to the terms and conditions of your Operating Circular No. 13-A
and hereby signify our knowledge and acceptance of the terms and conditions of said circular.
We further agree that at your convenience you may accept securities from the pledgor as replacement, or in
substitution for those securities presently held, provided that such replacement or substitution does not reduce the
aggregate par amount of securities held for our account.
This authorization is limited to the following designated securities:
(Indicate YES or NO on lines provided. Leave no blanks.)
A. Obligations of the United States Government:
Treasury Bills. Certificates of Indebtedness.
Notes and Bonds
B. Obligations of United States Government Agencies
**
C. Obligations of the State oI Illinois
D. Obligations of the various States.
E. Obligations of municipalities and public bodies
**
located in State of Illinois
(Indicate name of State(s))
F. Obligations of any municipality or public body
located in the fifty States, or territories or
insular possessions of the United States.
G. Other (Specify)
** Obligations with rating of "A" of higher.
(Corporate Seal)
SIGNATURE(S) GUARANTEED
The Northern Trust Bank Company
(Name of Depository Insmmtionj
Yes
Yes
Yes
No
E.
Village of M- Crove Villge
IName of public body (pledgee))
By:
George C. Coney
Title: 1 ; i i ge Txeasuxe r
Adcl,4.01 Wellington Avenue
Elk Grove Village, I1. 60007
Title: (Depository Institution Seat)
FRB CNGO 2.43 (1/7/85) NS
Federal Reserve Bank of Chicago
P.O. Box 834
Chicago, Illinois 60690.0834
Gentlemen:
CUSTODY AGREEMENT
February 9. 1988
Date
You are hereby authorized to accept and hold in custody for our account securities by
Continental Illinois National Bank & Trust Company of Chicago
Pledgor
231 S. LaSalle Street Chicago, Illinois 60697
Address (City and State)
We agree that such securities are held subject to the terns and conditions of your Operating Circular No. 13-A
and hereby signify our knowledge and acceptance of the terms and conditions of said circular.
We further agree that at your convenience you may accept securities from the pledgor as replacement, or in
substitution for those securities presently held, provided that such replacement or substitution does not reduce the
aggregate par amount of securities held for our account.
This authorization is limited to the following designated securities:
(Indicate YES or NO on lines provided. Leave no blanks.)
A. Obligations of the United States Government:
Treasury Bills, Certificates of Indebtedness,
Notes and Bonds.
B. Obligations of United States Government Agencies.
C. Obligations of the State of
Illinois **
D. Obligations of the various States.
E. Obligations of municipalities and public bodies
located in
State of Illinois **
(Indicate name of State(s))
F Obligations of any municipality or public body
located in the fifty States, or territories or
insular possessions of the United States.
G. Other (Specify)
** Obligations with rating of "A" or higher.
Yes
Yes
Yes
No
Yes
No
No
Vi 1 Re of Elk rove lilla e
(Corporate Seal) (Name(fp lic body (pledge )
By:
Title:
Address: 901 Wellington Avenue
Elk Grove Village, Illinois 6064P
SIGNATURE(S) GUARANTEED
Continental Illinois National
Bank & Trust Company of Chicago
(Name of Depository Institution)
By, - David L. Atkins ibz� ttL
Title: Vice President (Depository Institution Seal)
FRB CMGO 2-42 (REV 1/7/85) NS
CERTIFICATE OF INCUMBENCY
TO THE FEDERAL RESERVE BANK OF CHICAGO:
I/We certify that the names of the incumbents of the offices authorized by a Resolution of
Village of Elk Grove Village
(name of governing body and name of public body
adopted the 23 day of February , 19-2 , to direct the release from
custody, securities pledged to the Village of Elk Grove Village and held in safekeeping by Federal
(name of pledgee)
Reserve Bank of Chicago, and their signatures are as follows:
Name Title Signature
George C. Coney Village Treasurer
Hilda H. Ingebrigtsen
Assistant Village Tress.
Dated the 23 day of February
(corporate Seat)
Clerk Village Clerk
SIGNATURES GUARANTEED
Continental Illinois Fational
Bank & Trust Company of Chicago
(Name of depository institution)
by David L. Atkins '-�C4
Title Vice President
(The clerk's signature on this certificate and the signatures of those authorized to
act for the pledgee appearing above should be guaranteed by a financial institution
that maintains an account with the Federal Reserve Bank.) (Depository Institution Seaq
Pledge Account
FRB CHGO 2-42 (REV 1P/85) NS
CERTIFICATE OF INCUMBENCY
TO THE FEDERAL RESERVE BANK OF CHICAGO:
I/We certify that the names of the incumbents of the offices authorized by a Resolution of
the Village of ELk Grove Village
(name of governing body and name of public body (pledgee)
adopted the 23 day of February , 19-3-1— to direct the release from
custody, securities pledged to the Village of Elk Groee Village and held in safekeeping by Federal
(name of pledgee)
Reserve Bank of Chicago, and their signatures are as follows:
Name
Title Signature
George C. Coney Village Treasurer
Hilda H. Ingebrigtsen Assistant Village Treasurer
Dated the 23rd day of February 19 88
(corporate Seat)
Village Clerk
69CeI`►L•�1i1:i �FYslil:\�`►Y� �1�I7
(Name of depository institution)
Northern Trust Bank of Chicago, Illinois
by—
Title
y_Title
(The clerk's signature on this certificate and the signatures of those authorized to
act for the pledgee appearing above should be guaranteed bya financial institution
that maintains an account with the Federal Reserve Bank.) (Depository Institution Seal)
Pledge Account