HomeMy WebLinkAboutRESOLUTION - 74-86 - 9/9/1986 - SIGNATORIES & DEPOSITORY RESOLUTION NO. 74-86
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 or cnicago as a designated deposituiy 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 Res-
olution 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 1178-80227
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 this 9th day of Septamher 1986.
APPROVED this 9th day of Seytemher 1986.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
1.25.046 a.a/+a hdSOLUTIONS OF BOARD OF DIRECTOKs CORPORATION
1, Patricia S. Smith do hereby certify
Village Clerk
that I am the duly [ appointed ty fa Jf and qualified ggd*Xand the keeper of the records and corporate seat of
The Village of Elk Grovel Village , a corporation organized and
existing under the laws of Illinois RR��rrra,nccd that the following is a true and correct copy
of certain resolutions duly adopted at a meeting of the Board ofRlj[jlhereof, convened and held in accordance
with law and the by-laws of said corporation on the 9th day of
September , 19-Bk—, 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 corporation,
and that the following resolutions also constitute an agreement by said corporation with Continental Illinois National
Bank and Trust Company of Chicago in respect to the matters herein set forth:
BE IT RESOLVED, That Continental Illinois National Bank and Trust Company of Chicago
be and hereby is designated as a depositary of this corporation. The depositary relationship governed by these resolutions and
agreements may be terminated by this corporation by written notice to said bank, or by said bank by written notice to this
corporation. ,4
BE IT FURTHER RESOLVED, That the funds of this corporation may be deposited by its JJ+
officers, agents and employees and that the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary, a
any Assistant Secretary, 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 of the following:
(Insen number of signatures required on each instrument.)
The 0 airman of the Board of Directors, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secre ary,
any Assists Secretary, or
q (Use blank spaces for additional ties or to authorize countersignatures. Rule out all spaces not so used. Rule out70
ines of 1 officers not authorized to sign.)
C
C
a
f (or any other officers, agents o mployees who may hereafter be designated in writing by )
of this corporation be authorized: (Rule out if inapplicable.)
Zhim
y To make and from time to t e continue to make arrangements and to ' sue such instructions as to #them#shall
to a seem proper for the conduct of any such a ount or accounts, and
0
Y
0 Z To sign checks and orders for the p ant of money withdraw! funds from said account or accounts whether such
W
w checks and orders create or increase an overdraft said account or ounts or not, (payment or non payment of any such
V overdraft to be at the option of said Bank), and said ontinental III! a National Bank and Trust Company of Chicago is hereby
Z authorized and directed to act upon and honor any instru ions so I ued and to honor, pay and charge to any account or accounts,
of this corporation all checks and orders for the payme o money so drawn when so signed without inquiring as to the
circumstances of their issue or the disposition of their pr ds, whether such checks be payable to the order of, or endorsed
0 or negotiated by any officer or person signing them, or y of id officers or persons in their individual capacities or not, and
= whether the deposited to the individual credit of r tendered
Y are p payment of the individual obligation of any officer or person
Z signing them or of any of the other officers or pars or not, and
t7
to To endorse for negotiation, neg ate, and receive the proce s of any negottable instruments or orders for the
payment of money payable to or belongi to this corporation, and
To Identify, approve, a orse, 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.
J BE IT FURTHER RESOLVED: That Cont. it 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
_1 o purporting to bear the facsimile signature(s) of any 2 of the following:
preen number of signatures required on each instrument I
u m
,d`b Earl L. Warner
a
t` Jane S. LeRoy
and Continental Illinois National Bank and Trust Company of Chicago shall be entitled to honor and to charge this corporation for
ACgrOUNT NAME ACCOUNT NUMBER ature or signatures thereon may
Ins duly certified to or filed with
ELK GROVE VILLAGE MEDICAL/DENTAL SELF INSURED P 78-80227 1r of this corporation.
TAXPAYER IDENTIFICATION NUMBER: 36-6009201 imed persons may issue an oral
To: CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO imount and number of the Item
NAME SPEPM& SIGNAT E Bank may honor and charge to
p �• ' li /able without regard to the date
wg L(J.C+ vs-' Authorized
zed
Earl L. Warner son signer ch items atter payment thereof,
wm IFicCTUR OF ACCOUNTING
..
Sign
Will of the following:
aRe S• 1eROy Sign equired on each instrument)
sistant Treasurer, th Secretary,
WNIgn DIRECTOR OF 8.F.E.B
Si
4-,
Will :;,1 •
Sign
PLEASE SIGN FOOTNOTE
The signatures shown on this card are hereby certified as genuine and are aut orize accordance with
Papers of authority on file with your bank.
les of all officers not authorized to fill
Date
Secretary - Pan e - 5 afroyrielor �ryr
/i Set
Commercial ELLER FILE
on.
S N URE PAYER FILE
b 25015 a.s.zs Use the Reeerse Sid, for Additional Signatures (tion, t0 sell or discount its bills
:jrm loan and other agreements,
including subordination and similar egr marts, to sign, execute,-and dative cceptances and promissory notes (including notes
with a confession of judgment clause) an ther obligations of this corp tion for such amounts, for such time, at such rate of
to
G interest or discount, and containing such term and provisions and s h collateral powers as to them i shall seem proper, and
—
a
To receive and receipt for and to sign Ord and ssue instructions for the handling and delivery of the proceeds of
rn 'u O promissory notes and other obligations, and
e
F N O
m Z
d a To pledge, endorse, guarantee, assi , transfer, d deliver the bills and accounts receivable, bills of lading,
= a warehouse receipts, stocks, bonds, or other pr erty of this corpo tion as security for any moneys borrowed and as security for
u W any liability incurred or to be incurred by th' Corporation in connec' n with any accceptance, note, letter of credit, guaranty,
W trust receipt or otherwise, and
W
W
0
a To grant liens (by way mortgage, pledge, assignment, factor's lie trust receipt, or any other liens whether similar
or dissimilar to the foregoing) o9/any and all property or Interest therein (including, ithout limiting the generality of the foregoing,
real property, chattels, mate ' Is, work in process, bills and accounts receivable, rehouse receipts, stocks and bonds) from
time to time owned by thWcorporation, as security for any moneys borrowed and an liabilities, direct or contingent, now or
hereafter owing or to tIpdome owing from this corporation to Continental Illinois National ank and Trust Company of Chicago,
and in connection th!efewith to endorse and deliver any such property or interest therein an o execute and deliver agreements
concerning such speurity and the rights and powers of said Bank with respect thereto, and
lfo buy and sell foreign exchange, to purchase letters of credit, travelers' checks, and simi Instruments and for, on
behalf and in the name of this corporation to incur liabilities in connection therewith and in connection wit the purchase, sale, or
negotiation of any bills of exchange, letters of credit, travelers' checks, acceptances, drafts, bills of lading, an similar instruments,
and to receive and receipt for, and sign receipts and trust receipts therefor, and to sign, execute, and deliver orders,
applications, and agreements in connection therewith, which orders, applications, and agreements may contain such provisions
as to #theT# shall seem proper.
BE IT FURTHER RESOLVED, That any _ of the following:
(Insert number of signdrures required on each instrument.)
e Chairman of the Board of Directors, the President, any Vice President, the Treasurer, any Assistant Treasurer, the S retary,
any Assl ant Secretary, or /
(use blank spaces for additions ides or to authorize counter-signatures. Rule out all spaces not so used, Rule out titles of all officers not authorized to sign.)
him %
of this corporation be authori upon such terms and conditions as to I them� shall seem proper:
N
2
O To deliver to and deposit ith Continental Illinois National Bank and rust Company of Chicago for safekeeping,
1 custody, or other purposes any bonds, at ks, securities, and other property ored or otherwise held by this corporation and in
O connection therewith to open and maintain said Bank a safekeeping or postody account or accounts and to make the Initial
a
N deposit therein and from time to time to make o er and additional deposit;'and to sign orders and issue instructions to said Bank
2 for the conduct of said account or accounts, and
a
~ To withdraw, receive, and receipt for and to dr upon trust receipt on the responsibility of, and at the risk of
this corporation. and to sign orders and issue instructions for handling, transfer, registration, sale, substitution, exchange, and
F- delivery of any bonds, stocks, securities, and other prop y an he proceeds thereof, delivered to, deposited with or otherwise
¢ held by said Bank for the account of this corporation. ch withdra Is, substitutions, exchanges, and deliveries whether subject
n to payment or not and whether pursuant to sale, e cf6gs, or other t section, may also be made by the bearer of any order,
O receipt, or request so signed, and
W
N
To purchase bonds, stocks, secLues, nd other property and to sign ers and issue instructions in connection with
the purchase, the payment, the registriAlon, and the delivery thereof, and
To sell, pledge, tlens� assign, exchange, deposit with any reorganization c mittee, bondholders protective, or
other similar committee, or,6lherwise dispose of any bonds, stocks, securities, and other props belonging to or standing in the
name of this corporati9r('or its nominee or held by this corporation for the account of others, d to sign orders and issue
Instructions regarding-the handling of any matters connected with such transactions, and
i
T identify and guarantee assignments, transfers, and endorsements for transfer on bonds, stock ertificates, interim,
parlicipat . and other certificates and to Identify and guarantee signatures on bond and stock powers of aftoi
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 o, 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.
ANY PROVISION HEREOF which may be a"lared 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 Name OFFICER Name
Chairman of the Board
of Directors Treasurer George C. Coney
President Charles J. Zettek Secretary
Village Manager Village Clerk
Xi+ SRX Charles A. Willis 95X Hi9iK Patricia S. Smith
Vice President Assistant Treasurer Hilda lnoebrigtsen
Vice President Assistant Secretary
IN WITNESS WHEREOF, I have subscribed my name as Secretary and have caused
the corporate seal of said corporation to be hereunto affixed this 9th day of Sept. 19 86 .
Affix Corporate Seal Below:
SEAL Patricia S. Smith
Village Clerk ]6NA4814iW
L_