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RESOLUTION NO. 15-88 <br />A RESOLUTION DESIGNATING A DEPOSITORY FOR SECURITIES AND <br />AUTHORIZING CERTAIN OFFICIALS AS APPROPRIATE SIGNATORIES <br />(FEDERAL RESERVE BANK OF CHICAGO) <br />WHEREAS, it has been recommended that the best interest of the <br />Village of Elk Grove Village would be served by maintaining the Federal <br />Reserve Bank of Chicago, Illinois as a designated depository in which <br />certain securities of the Village of Elk Grove Village may be held in <br />custody, <br />NOW, THEREFORE, BE IT RESOLVED, by the President and Board of <br />Trustees of the Village of Elk Grove Village, Counties of Cook and <br />Du Page, Illinois: <br />Section 1: That the Resolutions contained in the attached <br />exhibits & B) are hereby approved and the exhibits are to be <br />considered a part of this Resolution as though the Resolutions were <br />incorporated herein. <br />Section 2: That the Banks to which this Resolution is applicable <br />are assooTTows: <br />Northern Trust Bank Company of Chicago <br />Continental Illinois National Bank & <br />Trust Company of Chicago <br />Section 3: That the following officials are designated to direct <br />the release—,—placement and substitution of securities pledged to the <br />Village of Elk Grove Village: Village Treasurer and Assistant Village <br />Treasurer. <br />Section 4: That this Resolution shall be in full force and <br />effect rand after its passage and approval according to law. <br />PASSED this 23rd day of February , 1988• <br />APPROVED this 23rd day Of February , 1988. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />