HomeMy WebLinkAboutRes 12-82 03/02/1982
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COMMUNITY DEVELOPMENT BLOCK GRANT FUND ACCOUNT-
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#16-071-7
CORPORATE RESOLUTION
RETAIN THIS COpy FOR YOUR FILE
I, the undersigned, Do Hereby Certify, that I am the Secretary oL?:~~___Y.~~~-~9.::_-_?_~--~~-~~~-_?~~~P_~~!
--n-_-___-______n___mn_m--_m-n-_--u_m_-____mm--m_----_____m---------_..__na corporation duly organized and existing under and
by virtue of the laws of the State oL_..___m___n~_~}_~~!?_~-~----------_.----------__._m_____m, and that as such officer I have
custody of the Records and Seal of said corporation; that at a meeting of the Board of Directors of said cor-
poration duly and regularly called and held in accordance with law and the By-Laws of said corporation,
on the__n_._----~-_m_--._n_-_m--_m._day of._n__nn~_~ u --- --_:!.._----------___--__n--_____-_--__.._n__.., A. D. 19c?dl-
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at which said meeting a majority and quorum of the Board of Directors of said corporation were present, the
following resolution was adopted by the affirmative vote of a majority of the whole Board of Directors of said
corporation, to-wit:
Be it Resolved, that the MOUNT PROSPECT STATE BANK be and hereby is designated a
depository in which the funds of this Corporation may be deposited by its officers, agents, and
employees, and that the m_~~~_~~~_: --~~::~~:~~-~~-~- _2'.~~~.':~:-- ~:_:~:~:--':::--uu ---- -- m -----_u_--
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shall be and each of them hereby is authorized to endorse for deposit or negotiation any and all checks,
drafts, notes, bills of exchange, and orders for the payment of money, either belonging to or coming
into the possession of this Corporation. Endorsements for deposit may be by the written or stamped
endorsement of the company without designation of the person making the endorsement. .
Be It Further Resolved, that them_~~~~-~CJ.:_-~_:::~-~_C:::~~m~~~---Y.~~-~-~?J.:_--~:::~-~~::_~--=---.------
Jointly
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----....--_u_--______n ---------_u_-- ----------------- --- --- --------- ----- ._--- ----- u. ------- -- ----_u_-- ---------- ------------------------ --_h__u___n_____-----..
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_____--n- - -- __n- ------ un.. - - - --n - -- -- - - - ---- - - - - -- -- -- -- - ---- - n -- -- - - -- - - - - -._- - - -- -- - --.- - - - -- - --- - - - - -- - - --- -- - ---- - ---- - -- --- - - - --- - - - --- - - - -n-- - -._u - -_.----
(TitJes of officers and/or other persons authorized to sign checks; e. g.: President, Treasurer, etc.; aJso, please indicate in what
manner the above named officers are to sign-singly, any two, Or jointly, ere.)
of this Corporation@. (is) authorized to SIGN ANY AND ALL CHECKS, DRAFTS, AND.
ORDERS, including orders or directions in informal or letter form" ,~g.~i,!)..st any f~n~s at any time"
standing to the credit of this Corporation with the said Bank, and/or against any account of this Cor-
poration with the said Bank, and that the said Bank hereby is authorized to hono'ranyand 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 further 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 theréåf. .. --
Be It Further Resolved, that the____::~-~-~~~~m~::_~-~~:::'~--~::'~-_:':_~~~~_?'_:_'::_:~~_:_~=:_-_:---.--._~/~'~\ .
Jointly ~-,--^,
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of this Corporation~ (is) authorized to borrow from time to time on behalf of this Corporation
from the said Bank ~ums of money for such times and upon such terms as may to them, or any of
;.:::dhËm"se~Wfi,!.gvis¡ible;,¡lfJ,g_JQ ex~cute 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 hypqtþ~(ate as security to said Bank any of the
notes, bonds, stocks, bills receivable, warehouse receipt~'a'n'd/or other documents, accounts, securities
and/or property of the Corporation, and to execute and deliver any and all endorsements or instru-
ments of assignment or transfer which may be necessary or proper in such cases effectually to transfer
to the said Bank the property so hypothecated or delivered; and to act for this corporation in the trans-
action of all other business for its account with the Mount Prospect State Bank.
Be It Further Resolved, that each of the foregoing resolutions shall continue in force until express
written notice of its rescission or modification has been received by the said Bank, but if the a11thority
contained in them should be revoked or terminated by operation of law without 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.
Be It Further ResqÚ'§p¡ ~qat,.__,-.-.::_;.,~--ç~:r;~~,-~-~(,}¡:~~~t;<¿-~._-,--,_u.;---------------------.------------------,
the Secretary of this company, shall file with the Mount Prospect State Bank a certified copy of this
resolution under the seal of the corporation, and shall also file with said Mount Prospect State Bank
a list of the persons who are at the present time officers of this corporation,
And I Do Further Certify, that the above and 'foregoing resolution is a true and correct copy of the same,
as it appears in the minutes of said Corporation, and that ç,hJ.JW5?d'1,has not been altered, amended or repealed
and is now in full force and effect. '
I Further Certify that the following named persons are the officers of the said Corporation, duly qualified
and now acting as such:
P residen L - - _m - -- _m ,Ç:_?:?;.<?J.Y~"- _? ~- --~ ?:~_!?_E? -- - - - -- - - --- - - - - - ---
Asst. Secretary -- -- 00. --.. -- -- - - - 00--- -----no --.. - - h no- - ---- -- --- _--n__----..
V ice Presiden 1. m_n::-- -----__nn.. - -- h - ---- nom - h_- -- - hU- ---- - -- -----.
Asst. T reasurer.____---------------------------------_..__n------_n_------_u.
Vice Presidentn__h:::h_-_n_------------------------------_n_--------------.
Clerk
/ $fj</r~tßlÝ------_m--_--_Car.Ql-- A...- - E_iel_9..9._- - - no_- no - _n - -- ------
Richard L. Jesse
Treasurer _n_----n _n___---_n--____n__u- . __n_----_____n--_--___--------------
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In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporation,
thiS__~_daýbL____h_~------~---, A. D. 19.e.~
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SEAL
IM:PORT ANT:
Imprint Seal of
Corporation Here.
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Secretary.
'ORM. "" 8ANKCORMS. 'NC..