HomeMy WebLinkAboutRESOLUTION - 95-86 - 12/16/1986 - DEPOSITORY & SIGNATORIES RESOLUTION NO. 95-86
A RESOLUTION DESIGNATING A DEPOSITORY AND
AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE
SIGNATORIES (U S Ameribanc/Elk Grove)
WHEREAS, it has been recommended that the best interest of
the Village of Elk Grove Village would be served by maintaining the
U S Ameribanc/Elk Grove as a designated depository in which certain
funds of the Village of Elk Grove Village may be deposited, and,
WHEREAS, certain officials were previously designated as appropriate
signatories and an additional signatory 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 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:
Petty Cash Account #10-030-7
Section 3. That the following officials or employees are
designated signatories on the account named above: Village Treasurer,
Assistant Village Treasurer, Accounting Manager, Secretary/Finance Department.
Section 4. That this Resolution shall be in full force and
effect from and after its passage and approval according to law.
Passed and Approved this 16th day of December ,
1986.
Charles J. Zettek
President
ATTEST:
Patricia S. Smith
Village Clerk
CORPORATION (Checking)
RESOLUTIONS OF BOARD OF DIRECTORS
I, Patricia S. Smith Do Hereby Certify that 1 am
Village Clerk
the duly elected / appointed and qualified Sig and keeper of the corporate seal and of the minutes and
records of the Villaae of Elk Grove Villa= ,
(Name of Corporation in full)
a corporation organized and existing under the laws of the State of Illinois
(Name of State Where Organized)
and that the following is a true and correct copy of certain resolutions duly adopted at a meeting of the
Board of Directors thereof, convened and held in accordance with law and the by-laws of said corporation
on December 26 19 86 a quorum being present, and that such resolutions are
(Date of Meeting)
now in full force and effect, have not been recincied or modified and are not in contravention of, or in
conflict with the by-laws or the charter or articles of said Corporation, and that the following resolutions
also constitute an agreement by said Corporation with the Bank of Elk Grove, in respect to the matters
herein set forth:
Be It Resolved, that the Bank of Elk Grove, Elk Grove Village, Illinois (hereinafter sometimes
referred to as the "Bank") be and hereby is designated as a depository in which the funds of this
Corporation may be deposited by its officers, agents and employees, and that such officers, agents and
employees shall be and each of them hereby is authorized to open and maintain an account or accounts with
said Bank and to endorse for deposit or negotiation any and all checksi drafts, notes, bills of exchange, and
orders for the payment of money, either belonging to or coming into possession of this Corporation.
Endorsements for deposit 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.
Be It Further Resolved, that any one of the following
(Number of Signatures Required)
Village Treasurer, Assistant Village Treasurer, Accounting Manager or
secretaru/Finance Department
(Title,of Officers and/or agents. employees or other persons authorized to sign check.)
of this Corporation is/are authorized to sign any and all checks, drafts, and orders, including orders or
directions in informal or letter form, against any funds at any time standing to the credit of this Corporation
with the said Bank, and/or against any account or accounts of this Corporation with said Bank,.and that
said Bank is hereby authorized to honor any and all checks, drafts and orders so signed, including those
drawn to the individual order of any such officer and/or agent, employee or other person signing the same,
without further inquiry as to the circumstances of their issue, use or disposition of the proceeds thereof; and
to make and from time to time continue to make arrangements and to issue such instructions as to him/them
shall seem proper for the conduct of any such account or accounts.
ease
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 act for this Corporation in the transaction of all other business for its depository account or
accounts and to sign orders and issue instructions to the Bank in connection therewith.
And Be It Further Resolved, that each of the foregoing resolutions shall continue in force until
express written notice of its recission or modification has been received by said Bank, 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 said Bank to act thereunder, that said Bank shall be saved
harmless from any loss suffered or liability incurred by it in so acting after such revocation or termination
without such notice.
And Be It Further Resolved, that the Secretary of this Corporation be and hereby is authorized to
certify to the Bank of Elk Grove 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.
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:
PRESIDENT SECRETARY
VICE-PRESIDENT TREASURER George C. Coney
VICE-PRESIDENT ASST. SECRETARY
COMPTROLLER ASST. TREASURER Hilda zngebrigtsen
Accounting Manager: Patricia Xusek SelcretaruLFinance Dept: Evelune Lawton
In Witness Whereof, I have subscribed my name as S�eand have caused the Corporate Seal of
said Corporation to be hereunto affixed this t 7rh day of necemLaPr 19 ati
Patricia S. Smith
Affix Corporate Seal Below gCUOL X Village Clerk
SEAL