HomeMy WebLinkAboutRes 26-61 10/24/1961
RES 0 L tJ T I O. 125-=61
DmImlAftml or 1lIPtIB'f'MlT .
WHEREAS, James Co Xing, Village 'l'reuurer &: Collector or the
Village of Mount Prospect, bas pursuant to the terms of an Act of the
General Aal8llblT or the State ot nlinoie, adopted and DOlI in fUll force
and etfect requested this Board to dea1gDate, qualif)' and apprcwe the bank
or banks in which tbe funda and money ot the Village ot Mount Prospect in
his custod.f as Village Treasurer and Collector be kept, and
WBERElS, the following named bank or banks has or have
furnished to th18 Board copies or the last two ..orn-to atateJleDta of
resources and liabilities which such bank or banka is or are reqaired to
furnish to the Auditor of Public Acconnts or to the Comptroller ot the
Currency!
MOORT PRGSPECT STATE BANK
PROSPJOOT PLAZA BANK
HOW, THER1flI'ORE, BE IT RESOLVED by' the Board ot the Village of
Mount Prospect, Illinois, that the
MOUlT PROSPECT STATE BANK and
PROSPECT. PlAZA BANK
.
. .
are hereby qualified to receive 8uch funds ad 1a2e.J'8 ot the Village ot
Mount Prospect u depositories in which the funds and 1lO1lq8 ot the Village
ot Mount Prospect in the custody' ot J8Ea C. King as 'treasurer and Col'ector
may be kept, and James c. I~ shall be discharged trc. reapcma1bllit;r for
all such funds and ecaeTs which he deposita in the atoresaid brm1ca.
BE IT FURTHER RESOLVED that each bank herein desigDated &8 a
depositor;r tor such fW'Jda or JIlCneys &ball furnish this Board with a copy
of all bank statements which they are required to famish to the Auditor ot
Pablic Accounts or to. the Comptroller of the CUrreftCy whUe acting as auch
depository. Provided that the UlOunt of such deposits aha1l not exceed
sevent1'=f'ive percent t15%) ot the capital stock and surplus ot such banka
and the Treasurer and Collector shall not be discharged froll responaibility
for any such funds or money~ deposited in aD1' bank in excess of such
limitation..
BE IT FURTHER RESOLVED that the Standard Accident ID8U1'8DCe
Comp:m.y, nraty on the bond ot JUle8 C. KiIIg as Treasurer Ie Collector of
the Village of Mount ,Prospect shall Dot be liable thereon tor 8D7 1088
sustained by the iDao1venc:r, failure or closbig ot an.r of the aforesaid
approved banks. . '
ADOPTED this 'NEN'l'Y ...J'OURm day ot October, 19610
SEAL
~e ld.~
Ruth C. Wilson, Village Clerk