HomeMy WebLinkAboutRESOLUTION - 90-75 - 12/23/1975 - DESIGNATING SIGNATORIES RESOLUTION NO. 90-75
A RESOLUTION DESIGNATING A DEPOSITORY AND
AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES
WHEREAS .the Village os Elk Gnove V.ifrfage has entered .into an
agreement with W.iUP iam A. Ulke, a Potice Obbdcen employed by .the Vittage,
.said agreement negating to the netiAement, pension and death beneb.ita ob
.said employee, and,
WHEREAS Anti.eee 3, Section C ob said agreement authomizes the
Village, as a result ob .ineAea6e6 in .the employee's .salary and thous an
.ineteaze .in the V.i,P&ge's contA,i.buti.on as set bomth Ln said agreement
ne6ulting .in excess 6und6 oveA and above the amount needed to b.inanee the
ti.be policy purchased to bund ce lain bene6itz ob said agreement, to
deposi." �5uch :...,._es'. fqt) . .irzteA�',St be.,;ling account.
NOW, THEREFORE, BE IT RESOLVED by the Phes.ident and Board o4
Trustees ob the Vittage ob Elk Gnove Village, Cook and DuPage Counties,
It2.i.no.i,s:
Section 1. That the AAtington Heights FedeAa.0 Savings and
Loan Association be and .is heAeby designated as a depoA tory
ab the V,iU-age ob Elk Gnove Vittage bon. the Special Account
Funds ne retiAement, pension and death beneb.it plan -
W.i2Uam A. Ulke - ob said Vittage and that the V.i,22age
Treo6ureA ob said V.i,P.lage and otheA obb.ieens are autho&i.zed
to deposit such bunds ob said Village with said An.Pi.ngton
Heights Fedenat Savings and Loan Association.
Section 2. It .is buhtheA resolved that unfit bumthur
Re6oluti.ons ob the P)tes.i.dent and Board ob Trusteeh ob the
V.iUage ob Elk Gnove V.i,Clage any bunds ob said Vittage
deposited to said Anti.ngton Heights Federal Savings and Loan
Association be subject to w.ithdtawat upon the request ob the
Vittage ob Elk Gnove Village beaming any two s.ignaturu ob
the boUow.ing obbte.iaA ob said Vittage: Vd.Uage Ares.ident,
ViU-age Clehk, ViUage ManageA, V.i .Page TneasureA.
Section 3. That .it SuntheA be resolved .that .the AtUngton
Heights Fedmat Savings and Loan Association .is he) eby
authorized to supply any e.ndonsement bon ,the V.i.Uage o6 Elk
Grove Vittage on any check on other instrument ,tendered bon.
this account and .is hereby relieved o6 any tiabiti ty .in
connection with coP.eection o6 said -items which ane handled
by .it without negEtigence and .it shall not be 2iabCe Son. the
acth o6 .itis agents, sub-agents, on otheAz on bon, any
cab uat ty.
Section 4. That th%6 Resolution shah be .in SuU Soace and
exsect Srom and a6teA. .it6 paasage and approval according to
law.
PASSED thiZ 23rd day os December 1975.
APPROVED thi.6 23rd day o6 December 1975.
f'
V' e n .ident
ATTEST:
z.Z.
Vittag VCteAk