HomeMy WebLinkAboutRes 11-53 06/09/1953 RESOLUTION NO. //
RESOLUTION DESIGNATING THE
NORTHERN TRUST COMPANY AS
DEPOSITARY FOR "1953 WATER-
WORKS IMPROVEMENT" AND DE-
SIGNATING PERSONS TO SIGN
CHECKS AGAINST SAID FUNDS.
BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION 1. That the NORTHERN TRUST COMPANY in
the City of Chicago, CookCounty, Illinois, be and it is hereby
designated as depositary in which the Village of Mount Prospect
"1953 Waterworks Improvement" funds may be deposited and that any
!officer or employee is hereby authorized to deposit funds in said
account for this Municipality and to endorse for that purpose
checks, drafts, notes and like obligations. Endorsements forde-
posit may be written or stamped endorsement of the Village without
designation of the person making the endorsement.
SECTION 2. That all checks drawn against said
account shall be signed by the President, the Treasurer and the
Clerk, whose signatures are herewith submitted on signature cards
furnished by the said NORTHERN TRUST COMPANY.
SECTION 3. That the NORTHERN TRUST COMPANY is
hereby authorized and directed to honor and pay all checks drawn
against the said "Village of Mount Prospect 1953 Waterworks Improve
ment Account" only upon the signatures of the above named officials
SECTION 4. That this resolution shall be
in full force and effect from and after its passage and approval.
PASSED: this f day of June, A. D. 1953.
APPROVED: this ,9-5 day of June, A. D. 1953*