HomeMy WebLinkAboutRESOLUTION - 16-88 - 2/23/1988 - AUTHORIZE SIGNATORIESRESOLUTION NO. 16 -RR
A RESOLLTION DESIGNATING A DEPOSITORY AND
AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE
SIGNATORIES (Northwest National Bank)
WHEREAS, it has been recommended that the best interest of the
Village of Elk Grove Village would be served by maintaining the Northwest
National Bank as a designated depository in which certain funds 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 Investment Account
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
and after its passage and approval according to law.
Passed and Approved this 23rd day of February , 1988.
ATTEST:
Patricia S. Smith
Village Clerk
Charles J. Zettek
President
M JMr NO. MM CTF.
I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain
Trustees
resolutions of the Board of i[7ilf2flfififttfnf the Village of Elk Grove Village
(Nw of carpormw ,e jail )
a corporation duly organized and existing under the laws of the State of Illinois
(Nww o/ m,a,e where atsa..aed )
which resolutions were duly adopted at a duly called meeting of the said Board, held on Febrvary2
(D.. of i au,w )
19 --aa, a quorum being present. and are set forth in the minutes of the said meeting; that I am the keeper
of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have not
been rescinded or modified:
Be It Ruolved,NORTHWEST NATIONAL BANK OF CHICAGO (hereinafter some-
times referred to as the "Bank") be and hereby is designated a depositary in which the fonds of
Armed this Corporation may be deposited by its officers, agents, and employes, and that such officers,
rigertrer agents, and employes shall be and each of them hereby is authorized to indorse for deposit or
lop negotiation any and all checks, drafts, notes, bills of exchange, and orders for the payment of motley,
kaioataew
either belonging to or coming into possession of this Corporation. Indorsements for deposit may
be by the written or stamped indorsement of this Corporation without designation of the person
making the indorsement
Be It Pwtber Resolved, that rh• Village President. V; llaoe Mana�a r- Traa m,rar,
Aatierraed Village Clerk Assistant Treasurer - of which two(2) s; onat„res ata raQ,,; raA,
tigalueer
O1rbeLbt one must be the Treasurer or Assistant Treasurer -
Authorised
njnetarer
tM "w and
obliraimost,
et:
(Titin of oBicen sad/or other petaone "thoeiaed to sign checks; e.g.: Pmident, Tnamater, eel.; elect, pleat Indictee in what
manner the above ed o6icsn are to sign- eiagly, my two or Iaiotly, eoc-)
of this Corporation (are) (W authorized to SIGN ANY AND ALL CHECKS, DRAFTS, AND
ORDERS, including orders or directions in informal or letter form, against any funds or accounts
at any time standing to the credit of this Corporation with the Bank, and that the Bank hereby is
authorized to honor any and all checks, drafts and orders so signed, including those drawn to the
individual order of any such officer or other person signing the same, without further inquiry or
regard to the authority of said officer or other person or the use of the checks, drafts and orders, or
the proceeds thereof;
Be It Axrthe?- L Ived, that
(Picue indicate in what manner the
0154FI M 266011 11/86
are m sign singly, any two, or jointly,
la bm t>ank al
of this Cor adon (are) (is) authorized to borrow from time to time on behalf of this Corporation
from the Banksu ums of money for such times and upon such terms as may to them, at any of
them, seem advisable, o execute in the name of the Corporation notes, drafts, or agreements
for the repayment of any sums borrowed, and they and each of them are hereby authorized to
discount with the said Bank any of the bills receivable or acceptances held by this Corporation
upon such terms as may to chem, or any ofseem advisable, and to execute fordign exchange
contracts in the name of the Corporation, and they of them are hereby severally authorized
to mortgage, pledge, and assign as security to the Bank a�inan
of the real, personal and mixed
property and assets of this Corporation, including, withnner limiting the foregoing,
the pledge of notes, bonds, stocks, bills receivable, warehouse receipts an er documents, accounts
and securities of this Corporation, and to execute and deliver any and all docu is of mortgage,
pledge, assignment or transfer or indorsements of any thereof which may be proper
effectually to mortgage, pledge^, and assign such property and risen to the Bank;
Be It Further Resolved, that each of the foregoing resolutions shall also be understood to
apply in full to any overseas branch or branches of the Bank.
Be It Further Resolved, that each of the foregoing resolutions shall continue in forme until
express written notice of its rescission or modification has been received by the Batik, but if the
authority contained in them should be revoked or terminated by operation of law without such
notice, it is resolved and hereby agreed for the purpose of inducing the Bank to as thereunder,
that the Bank shall be saved harmless from any low suffered or liability incurred by it in n acting
after such revocation or termination without such nurses
I farther Certify that due following named persons are the officers of the said Corporation, duly qualified aid
now acting as such:
president Charles J. Zettek
Village Manager Charles R. Willis
�w*x
Clerk
stgmaxrL Patricia S. Smith
Asst Treasurer Hilda H. Znaebriatsen
In Witness Whereof, I have hereunto subscribed my tame and affixed the seal of the said Corporation, this
z cera day of
SEAL
IMPORTANT:
Imprint Seal of
Corporation Here
01548 M
A. D. 19 ss
Stsclrf"VIIr
Village Clerk