HomeMy WebLinkAboutRes 39-98 07/21/1998 FIRST CHICAGO ~.~ PEGASUS TREASURY PRIME CASH MANAGEMENT FUND Investment Resolutions
Organization Name: w ] l ~ of Mounl- Progpe~t
State Where Organized: l l ] 5 no~ s
T.vpe of Organization: [] Corporation [] Limited Liability Company [] Partnership
[] Association [] Sole Proprietorship []
(indicate other)
The undersigned certifies that: I am an official of, and authorized to certify on behalf of, the above named organization,
which is daly organized and existing under the la~vs of the State indicated, ("Orgamzation"); in connection with the use of
the above name, the Organization has complied with the Illinois statute, and or any statute of any other jurisdiction whose
law may apply, covering the use of an assumed business name; the following is a complete, true and correct copy of certain
resolutions of the Organization, which resolutions were dniy adopted and are in confonmty with the laws of the State where
organized and the orgamzational documents ("Resolutions"); and the Resolutions have not been rescinded or modified and
are in full force and effect on the date hereof:
Resolutions
1. Investments. Any an~ [ two 1 of the officers, members, managers, panners,trustees,
[If Authorized Persons must act joinfly, line out "one" and insert "two"; otherwise leave blank]
owners, agents and employees, as applicable, of the Organization and the other persons designated below:
Mayor Director of Finance/Treasurer Deputy Director of Finance
[Insert the rifles of any other Authorized Persons.]
(each an "Authorized Person") is authorized to do any or all of the following on behalf of the Orgamzation:
(a) Banking Services. Utilize any business banking services provided by First Chicago (including, without
limitation, electronic, investment and financial advisory services) and execute and deliver agreements, documents
and instruments (and amendments or waivers thereto or terminations thereof); and take, or refrain from taking,
action to carry into effect these Investment Resolutions and the transactions contemplated by them upon such terms
and conditions as such Authorized Person(s) deem(s) advisable as evidenced by such execution, dehvery, action or
non-action.
(b) Delegation of Authority. Delegate in writing, at any lime and from time to rime, to one or more other
persons acting as specified in the delegation, any of the authority referred to in this Investment Resolution and the
Organization agrees to be bound by any action taken by, or non-action of, such persons; and amend or revoke any
such delegation.
2. First Chicago Subsidiaries and Affdlates. These Resolutions also apply in full to any account, financial
accommodation, service, transaction or property at or with any facility or branch of First Chicago and its subsidiaries and
affiliates and the term "First Chicago" used in these Resolutions includes such subsidiaries and affiliates.
3. Revocation or Modification of Resolutions. These Resolutions and any delegarion made pursuant to them shall
continue in full force and effect until express written notice of its revocation or modification has been received by First
Chicago and First Chicago has had a reasonable oppommity to act upon such notice. However, ff the authority contained in
these Resolutions or any delegation is revoked or terminated by operation of law without such notice, it is resolved and
agreed, for the purpose of inducing First Chicago to act under these Resolutions and any delegation, that the Organization
shall indemnify and hold First Chicago harmless from any loss suffered or liability incurred by First Chicago in so acting
after such revocation or termination without such notice.
In Witness Whereof, I have bemutno subscribed my name, and affixed the Organi?ation's seal, if applicable, this~ 1 s t day
l
Name Velraa hi. Lowe
Title Acting Village Clerk
RESOLUIION NO. 39-98