HomeMy WebLinkAboutRes 31-63 07/23/1963
PESOLUTl0N NO. 31-173
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OESlfNATION OF DEPOSITnRY
WHEREAS ~ James C ~ Ki np; il Vi llage Tl'easureT & Co llector of
the Village of Mount ProspectD has pursuant to the terms of an
Act of the General Ass~:mhly of the State of IUino:~sp adopted an,;
now in full force and effect requested this Board to designate,
qualify and approve the Bank or Ranks in which the funds gnd money \
of the Villap,e of HOUi"i't ProsrH~ct in his cu!'tody as Village Treasl.:rrer'
and Collector be kept0 and
WHERE^SD the following named hank or hanks has or have
furnished to this Board copies of the last two sworn-to statements
of resource and liabilities which such hank or banks is or are
required to furnish to the Auditor of Public Accounts OT to the
f.omptroller of the Currency~
fAOHNT PROSPECT STAT'S BANK
PROSPFCT PLAZA BANK
RM'WHUnST BANK
NOWp THEREFORE~ BE IT RESOLVED hy the Board of the Vil1ag~
of ~cunt Prospectp Illinois, that the
~~r~tt!~T PHf)SP~::C:T S'flt.'fF HAI'IK)
PR0S~ECT PLAZA nANK and
in N un'11' R I' NK
are herehv qualified to rSCeiJ6 such funds and moneys of the
Village of Mount Prospect as denositories in which the funds
and moneys of the Village of Mo~nt Prospect in the custody of
James Ce King as Treasurer and Collector may he keptp and James (.
King shall be discharged from respon5ihility for all such funds
and moneys ?'\7h i en he depo:; 1 ts :) n tt~(;; :.Ltorcsaid h~mk:; 9
BE IT FURTHER RESOLVED that e3ch hank herein designated
as a depository for 5uc:h funds 01' t;O!'HJVS shall fUrl,is:h ti1i~; Boun
with a copy of all bank statements which they are 1equirsd to
fUl"ni:;h to the .Auditoy" of Puhlic l\:\..~counts 01' to the Comptl'olli!:i'
of the Currency while acting as such depositoTY~ Providedp that
the amount of such deposits shan ilH.'J1C exceed ~H,~V'e'!lty,",five p~rt:f:lt
(15\) of the capita! stock and 3u"\'plu; of sucl'1 han?<::s <1nd Uw
Treasurer and Collector shall not be di~charged from regponsihili~v
for any such funds OT mOTIdYS depo~ited in any hank in excess of
such limitation.
RE IT FtlRTHEn 1<ESOL n that The Uni ted Pa:e:i f1x InSu.raiiIC'l.":
Company, surety on the hond o~ James C. King as Treasurer and
Colletta; of th~ Villare of Mount Prospect9 shall ~ot he liable
thereon for any 1055 sustain~d by the insolvencYD failure or =Jo!lng
nf any of tha aforesaid appra~ed banks.
t'_DOPTEfl this Tl'\JENTY TlHRfI DAY OF JULY 9 1.963",
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