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RESOLUTION NO. 82-84 <br /> A RESOLUTION ACCEPTING AND PLACING ON FILE <br /> A SURETY BOND FROM THE MASSACHUSETTS BAY <br /> INSURANCE COMPANY IN THE AMOUNT OF FIFTY <br /> THOUSAND ($50 ,000 .00) DOLLARS, FILED WITH <br /> THE VILLAGE CLERK OF ELK GROVE VILLAGE TO <br /> FULFILL AND PERFORM EACH TERM AND CONDITION <br /> OF THE VILLAGE OF ELK GROVE VILLAGE ENABLING <br /> ORDINANCE NO. 1448 AND THE FRANCHISE AGREEMENT <br /> ENTERED INTO BETWEEN AMERICAN CABLESYSTEMS OF <br /> ILLINOIS AND THE VILLAGE OF ELK GROVE VILLAGE <br /> BE IT RESOLVED by the President and Board of Trustees <br /> of the Village of Elk Grove Village, Counties of Cook and <br /> DuPage, Illinois as follows: <br /> Section 1: That the Village President and Board of <br /> Trustees of the Village of Elk Grove Village do hereby <br /> authorize the acceptance and placing on file of a Surety <br /> Franchise Bond from the Massachusetts Bay Insurance Company, <br /> Bond #BLZ-1509271, a copy of said Bond being attached hereto <br /> and incorporated herein. <br /> Section 2 : That the terms of said Bond are such that <br /> AMERICAN CABLESYSTEMS OF ILLINOIS is obligated to perform <br /> each and every provision of its Franchise Agreement with the <br /> Village as well as the terms and conditions of the Village ' s <br /> Enabling Ordinance and upon a failure to so do, the Village <br /> may proceed against AMERICAN CABLESYSTEMS OF ILLINOIS as well <br /> as its Surety, Massachusetts Bay Insurance Company. <br /> Section 3: That this Resolution shall be in full force <br /> and effect from and after its passage and approval according <br /> to law. <br />