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HomeMy WebLinkAboutRESOLUTION - 90-84 - 12/11/1984 - DESIGNATING DEPOSITORY/SIGNATORIES RESOLUTION NO. 90-84 A RESOLUTION DESIGNATING A DEPOSITORY AND AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES (Amalgamated Trust 6 Savings Bank) WHEREAS, it has been recommended that the best interest of the Village of Elk Grove Village would be served by maintaining the Amalgamated Trust S Savings Bank, Chicago, Illinois 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 DuPage, Illinois: Section 1. That the Resolutions contained in the attached exhibit are hereby approved and the exhibit is to be considered a part of this Resolution as though the Resolutions were incorporated herein. Section 2. That the bank account to which this Resolution is applicable is as follows: Elk Grove Village Tax Clearing Account Section 3. That the following officials or employees are designated signatories on the account named above: Village Treasurer, Assistant Village Treasurer. Section 4. That this Resolution shall be in full force and effect from and after its passage and approval according to law, and to be in effect as of December 11, 1984. Passed and Approved this 11th day of December 1984• Charles J. Zettek President Attest: Patricia S. Smith Village Clerk Corporation Resolution village Clerk I,the undersigned, do hereby certify that I am the MWjlIW of The Vi77-1- of Elk Grove Village a corporation duly organized and existing under the laws of the State of Illinois end the keeper of the corporate records and the corporate seal of said corporation;that the following is a true and complete copy of certain resolutions unanimously adopted at a meeting of the Board of Directors of said corporation duly and regularly called and held in accordance with law and the by-laws of said corporation on the - 7 t t-h day of December " 19-!. at which meeting a majority and quorum were personally present; that said resolutions have not been rescinded,repealed, or in any way amended, and are still in full force and effect: BE IT RESOLVED: 1. That the Amalgamated Trust & Savings Bank of Chicago be and it hereby is designated as a depos- itary in which funds of this corporation may be deposited by its officers, agents, or employees, and that any of said officers, agents, or employees of this corporation be, and each of them hereby is, authorized for the purpose of deposit with said depositary, to the account or accounts of this corporation, to endorse in the name of this corporation any and all checks, drafts, and orders for the payment of money either belonging to or coming into the possession of this corporation, and that such endorsement& may be written or stamped in the name of this corporation without designation of the individual officer, agent, or employee making such endorsement; it being understood and agreed that on all such items deposited, all prior endorsements are guaranteed by this corporation whether or not an express guaranty is incorporat- ed in each endorsements. 2. That the Amalgamated Trust & Savings Bank of Chicago be and it hereby is authorized to pay out funds on deposit with it from time to time to the credit of this corporation, upon any and all checks, drafts, and orders drawn upon or instructions issued to said depositary and signed in the name of this corporation by any one of the following: (Cue,NM*tc.) 1115F9AIN't i1xJC.... X..... Y/( the Treasurer, my Assistant Treasurer, t$YSiWfIRYtyj]i1GJC� (Rule out any of above titles, if such o(fldals are nn.autheruod under this section) or----------------------------------------------------------------------------- ----------------------------------------------------------------------------- (Use block space far a"Uoual tires or to authorize cvunNniQaaturse—®d rule out apace not used) including any and all checks, drafts and orders drawn to the individual order of any officer or other person signing or countersigning the same or tendered for deposit to the individual account of any such officer or person. 8. t any of the following: (On*,two,DW the Presiden4 ay Vice President, the Tr urer, any Assistant urer, the Secretary, any Assistant Secretary, (Rule out arty of abode trees, If such oflldaL not authorized under tbts section.) r (Use b spay for additiuwl titiei qr to au�hones eouatenl es-cad nil*out apace not ueedJ of t corporatio be authorized upon a\ terms and conditi as to them &hall seem proper: T borrow mo y and incur liabilities fpr end on beLalf an ' the name of this corporation, to make menta for a payment, purchase of repurchase of bills d notes which are the obligations of any er corpora on or corporation., to�eli or discount its and accounts receivable and to enter to, make, si and deliver acceptaltces and promissory ,notes, judgment promissory notes and oth obligationa f this corporation in and for such amounts;dor such time, at such rate of in. teL or ' count and on such conditions to t� shall seem proper, and To sign, ea me and deh er applications and 6entracts for letters of credit and travellers' checks amend gttaranti thereof con mmg such provlsiort� as to seem proper and as may be required, To endorse for ne o 'a on, negotiate, assign and transfer and receive the proceeds of any and all negotiable instrum to and non-negotiable instruments, and other orders for the payment of money payable to or belon g to this corporation, and To pledge, endorse, rantee, assign transfer and deliver bills and accounts receivable, bills of lading, warehouse recer ts, stocks and bonds and other property of this corporation as security for any moneys borrowed nd as security for any liability incurred or to be incurred by this corpora- tion in connection with euX and all acceptances notes, letters of credit, guaranties, trust receipts or otherwise as may be required, all upon such terms, provisions and conditions as may be deemed proper by and eU, transfer and endorse for sale orfoc transfer any and all securities, bonds, stock certificates rote participation and other certificates to identify and guarantee signatures and endorse- ments eon, and on bond or stock powers o� torney executed in connection therewith, or other- wise, and To withdraw, re 've and receipt for and to withdraw on trust receipt, or otherwise, all on the responsibility of, an at the risk of this corporation and to n any and all orders for the with- drawal, substitution or change of any and all collateral, sec ties or other property pledged, assigned, transferred, hel safekeeping, or otherwise held for account. Such withdrawals, substitutions and exchanges also be made by the bearer of any or r,receipt or request signed by any person or persons authorize and empowered by these resolutions te,sigu on behalf of this corporation as aforesaid. I 4. 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 persons: To identify, approve and guarantee the endorsements of any payee or endorser of any and ail checks and drafts drawn by this corporation, and 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 in- volved in any of said transactions, and To act for this corporation in the transaction of all other business (whether or not it is of the kind, nature or character specified in these resolutions) for its account with the Amalgamated Trust & Savings Bank of Chicago. 5. That the Amalgamated Trust & Savings Bank of Chicago, as such depositary,shall be entitled to rely upon the terms of these resolutions as vesting in the designated officers of the corporation and other persons complete authority to act on its behalf in the manner and to the extent herein set forth, and shall be under no obligation to make further inquiry with respect thereto and shall assume no responsi- bility or liability for the application of any of the funds deposited with it or borrowed from it pursuant to the provisions of these resolutions. That the �Ap>XX1e . x1�sW�1[4llipt of this corporation is directed to file with the, Amalgamat- ed Trust & Savings Bank of Chicago a copy of these resolutions duly certified under the seal of this corpo- ration, and to certify (with or without the seal of this corporation) from time to time a list of the names and signatures of the persons who are duly elected and qualified officers of the corporation hereby em- powered to act hereunder, and that the Amalgamated Trust & Savings Bank of Chicago shall be entitled as against this corporation to assume conclusively that the authority of the persons so certified as such officers and of the other person or persons named hereinabove, to act on behalf of this corporation, con- tinue until expressly notified in writing to the contrary. 7. That the Amalgamated Trust & Savings Bank of Chicago shall be entitled to assume conclusively that each of the foregoing resolutions continues in full force and effect until express written notice of its rescission or modification, accompanied by a copy of the proper resolution effecting such modification or rescission duly certified by the Secretary, or As:;istant Secretary of the corporation over its seal, shall have been delivered to it at its office in the Gity of Chicago, Illinois, and shall be indemnified and saved harm- less from any loss sulered or liability incurred by it in reliance on the authority delegated by the terms of said resolutions prior to receipt of such notice of rescission or modification. 8. That these resolutions shall supersede any and all previous resolutions of similar import. Vi a e Clerk IN WITNESS WHEREOF, I have affixed my name as 9W and have caused the corporate seal of said corporation to be hereunto affixed this Ilth day of December 1984 Affix corporate seal below Village Clerk Trustee 1, __--_— a U&Avfx of said corporation, do hereby certify that the foregoing is a correct copy of certain resolutions passed as therein set forth. ' .458 A00.109 REV I e3 Trustee i Corporation Certificate of Incumbents TO: THE AMALGAMATED TRUST& SAVINGS BANK OF CHICAGO I, the undersigned, do hereby certify that I am the duly eiseled, qualified, and acting---- Village cting —_-Village Clerk Village of Elk Grove Village �futxi�9'3Jtof a corporation organized and existing under the laws of Illinois and the keeper of the corporate records and the custodian of the seal of said corporation, and that the following named persons have been appointed or elected, have duly qualified, and are now acting as officers or employees of said corpo- ration in the capacities indicated under their respective names: Charles Zettek _ George C. Coney Vi agPresident VillageTreasurer Charles A. w+ ti+Q — Patricia S. Smith _ XX AX9W fdaC Safiifmw Village Manager Village Clerk —- - �- - -- Vice President X ANK Assistant village Treasurer I do further hereby certify that the resolutions of the board of directors of said corporation, in pur- suance of which this certificate is given, are in full force and effect, without alteration, amendment or modifi- cation, and do not in any respect contravene or conflict with the by-laws of said corporation. Village Clerk IN WITNESS WHEREOF, I have hereunto subscribed my name as said --.-- Wfi*xxm and have affixed the corporate seal of said corporation, this_ 11th_-day of—D€Q=LeL—_, 19 .4_. (Affix Corporate Seal below) — �atxpfm Village Clerk ' Approved Village President X)atr�tx�Amx Indicate here the title of the person named or his relation to the corporation.