HomeMy WebLinkAboutRes 17-88 04/19/1988
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RESOLUTION NO.
17 - 88
A RESOLUTION AUTHORIZING EXECUTION OF A CUSTODY
AGREEMENT WITH UNIBANC TRUST OF CHICAGO
WHEREAS, the Village of Mount Prospect utilizes the services of Unibanc Trust
of Chicago for the custody of securities pledged to the Village or to any of
its agencies or department, upon terms and conditions prescribed by said bank;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That securities as stated hereinabove deposited for custody with
Unibanc Trust of Chicago may be released from custody to said member upon the
authorization of one of the following:
Carolyn H. Krause
David C. Jepson
Richard L. Jesse
Village President
Finance Diector
.Village Treasurer
SECTION TWO: That the Village Clerk of the Village of Mount Prospect is
hereby directed to forward a certified copy of this Resolution to Unibanc
Trust of Chicago together with a certificate attesting to the names and
signatures of the incumbents of the offices described above; and that the
Village Clerk further certify to the bank from time to time the signatures of
any successors in office of any of the present incumbents.
SECTION THREE: That the Unibanc Trust of Chicago shall be fully discharged
from all liabilities or responsibility for any action carried out in
accordance with this Resolution and it shall be entitled to rely ori this
Resolution until it receives express written notice to the contrary in the
form of a certified copy of a subsequently enacted Resolution.
SECTION FOUR: That this Resolution shall supersede and cancel all previous
Resolutions relating to the custody of securities at Unibanc Trust of Chicago.
SECTION FIVE: That. this Resolution shall be in full force and effect from and
after its passage and approve in the manner provided by law.
AYES:
6 - Arthur, Farley, Flores, Murauskis, Van Geem,Wattenberg.
NAYS:
0
ABSENT:
0
PASSED and APPROVED
19th
day of
April
, 1988.
A nEST:
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Carolyn ~. Krause, Mayor
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Carol A. Fields, Village Clerk
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elmhurst federal savings
AND L,DAN ASSOCtA TON
100 ADDISON' ELMHURST, ILLINOIS 60126 . 833-8000
RESOLUTION
RESOL VED, that funds of the undersigned be and the same are hereby authorized
to be added to or paid into a checking account in
Elmhurst Federal Savings and Loan Association
and that said institution be and it is hereby authorized to pay checks until
further written notice to it signed in the name of this organization as indicated
below by any -person or persons; whose signatures appear below,
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Said institution is authorized to supply any endorsement for the undersigned on
any éheck or other instrument tendered for this account and it is hereby relieved
of any liability in connection with collection of such items which are handled by
it without negligence and it shall not be liable for the acts of its agents, sub-
agents or others or for any casualty. Withdrawals may not be made on account of
such items until collected, and any amount not collected may be charged back to
this account, including expense incurred, and any other outside expense incurred
on account of this account may be charged to it.
Name of Organization
By:
By:
Authorized Signature
Title
Authorized Signature
Title
By:
By:
A';thorized Signature
Title
Authorized Signature
Title'
By:
By:
Authorized Signature
Title
Authorized Signature
Title
By:
By:
Authorized Signature
Title
Authorized Signature
Title
I certify that I am duly elected and acting secretary of the above-named organi-
zation, and that the foregoing is a true and correct copy of a resolution adopted
by said organization at a regular or duly called special meeting at which a
quorum was present, and that said organization is authorized to take such action,
and that the signatures above and on the reverse side hereof are the true signa-
tures of the persons authorized to sign as indicated in connection with said
account.
Signa ture
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Secretary 'v/ /..LrftJtç e~:"'Jq72;f(
This, the