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HomeMy WebLinkAboutRes 24-82 03/02/1982 '.> SPECIAL Þ~SMENT FUNDS ACCOUNT - k ., #14-8253' - .../ CORPORA nON I, the undersigned, Do Hereby Certify, that the following is a complete, true and correct copy of certain resolutions of the Board of Directors of The Village of Mount Prospect a corporation duly organized and existing under the laws of the State of (Name Of~) which resolutions were duly adopted at a duly called meeting of the said Board, held on ~ 0.;2- (Date of meeting) 19~, a quorum being present, and are set forth in the minutes of the said meeting; that I am the keeper of the corporate seal and of the minutes and records of this Corporation; and that the said resolutions have not been rescinded or modified: (Name of corporation in full) Illinois Be It Resol'l'ed, that the First National Bank of Mount Prospect be and hereby is designated a depositary in which the funds of this CDrporation may be de- posited by its officers, agents, and employes, and that the Village President and Village Treasurer shall be and each of them hereby is authorized to endorse for deposit or negotiation aný and all checks, drafts, notes, bills of exchange, and orders for the payment 'of money, either be- longing to or coming into possession of this Corporation. Endorsements for deposit may be by the written or stamped endorsement of the company without designation of the pèrson making the endorsement. Be It Further Re'sol'l'ed, that the Village President and Village Treasurer - Jointly (TitJe8 of officers and/or other per80ns authorized to sign checks; e. 8".: President, Treasurer, etc.; also pJease indicate in what man- ner the above named officers are to sign--singLY, any two, or jointly, etc.) of this Corporation ~ (is) authorized to SIGN ANY AND ALL CHECKS, DRAFTS, AND ORDERS, inclu mg orders or directions in informal or letter form, against any funds at any time standing to the credit of this Corporation with the said Bank, and/or against any account of this Corporation with the said Bank, and that the said Bank hereby is authorized to honor any and all checks, drafts and orders so signed, including those drawn to the individual order of any such officer and/or other person signing the same, without fur- ther inquiry or regard to the authority of said officer(s) and/or other person (s) or the use of said checks, drafts and orders, or the proceeds thereof. Be It Further Resol'l'ed, that the Village President and Village Treasurer - Jointly (Please indicate in what manner the above named officers are to 8ign-singLY. any two. or jointly. etc.) -'0"". '"ow """..- = "'........""" """""CAGO. 'u""",,""" Form No. CB-5. c1 ,if -P ;2- "~ ... r:'\ ......-"""'" of this Corpor,ltion Q (is) authorized to borrow from time to time on behalf of this Cor- poration from the said Bank suchsûms of money for such times and upon such terms as may to them, or any of them, seem advisable, and to execute in the name of the Corporation notes, drafts, or agreements for the re-payment of any sums so borrowed, and they and each of them are hereby authorized to discount with the said Bank any of the notes, bills receivable or acceptances held by this Corporation upon such terms as they may deem advisable and to pledge or hypothecate as security to said Bank any of the notes, bonds, stocks, bills receiv- able, \varehouse receipts and/or other documents, accounts, securities and/or property of the Corporation, and to execute and deliver any ånd all endorsements or instruments of assign- ment or transfer which may be necessary or proper in such cases effectually to transfer to the said Bank the property so hypothecated or delivered; Be It Further Resolved, that this corporation by its duly authorized agent, enter into an agreement with the said First National Bank of Mount Prospect' contemporaneously with the opening of said account whereby said corporation agrees in con- sideration of the opening of said account to assume and pay all expenses, costs and attorney's fees incurred by said Bank in any legal proceedings brought against the said Bank by reason of the said account and further agrees that any funds in possession of the said Bank to the credit of this corporation may at any time be applied toward payment of such expenses. Be It Further Resolved, that each of the foregoing resolutions shall continue in force un- til express written notice of its rescision or modification has been received by the said Bank, but if the authority contained in them should be revoked or terminated by operation" of law \vithout such "notice, it is resolved and hereby agreed for the purpose of inducing the said Bank to act thereunder, that the said Bank shall be saved harmless from any loss suffered or liability incurred by it in so acting after such revocation or termination without such notice. I Further Certify that the fol1owing named persons are the officers of the said Corporation, duly quali- fied and now acting as such: President Carolyn H. Krause Asst. Secretary Vice-President Asst. Treasurer Vice-President Clerk SæÆ ta:r- Carol Þ.. Fields Treasurer Richard L. Jesse In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation, this~ day of ~ ,A.D.19cJ?~' SEAL ~~~ø:~ Secretary. IMPORTANT: Imprint Seal of Corporation Here.