Laserfiche WebLink
RESOLUTION NO. 50-91 <br />A RESOLUTION AMENDING THE EXPIRATION DATE OF IRREVOCABLE <br />LETTER OF CREDIT NO. 305810 (ACCEPTED BY RES. NO. 76-84) <br />FROM FIRST CHICAGO BANK IN THE AMOUNT OF $10,000.00 TO INSURE <br />FAITHFUL PERFORMANCE BY GRANTEE, CONTINENTAL CABLEVISION OF <br />NORTHERN COOK COUNTY EXPIRING OCTOBER 22, 1992 <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees <br />of the Village of Elk Grove Village, Counties of Cook and DuPage, State of <br />Illinois: <br />Section 1: That the President and Board of Trustees do hereby <br />authorize the acceptance of an amendment to the expiration date of <br />Irrevocable Letter of Credit No. 305810 from First Chicago Bank, in the <br />amount of $10,000.00 previously accepted by Resolution No. 76-84, to insure <br />the faithful performance by grantee, Continental Cablevision of Northern <br />Cook County, of all provisions of the franchise agreement. Said Letter of <br />Credit expiring October 22, 1992. <br />Section 2: That this Resolution shall be in full force and effect <br />from and after its passage and approval according to law. <br />PASSED this 12th day of November , 1991. <br />APPROVED this 12th day of November , 1991. <br />Charles .T_ 9cthele <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Vil age Clerk <br />