HomeMy WebLinkAboutRes 05-86 01/21/1986
CORPORATION
Resolution No.
5-86
I, the undersigned, Do Hereby Certif'l~ that the following is a complete, true and correct copy of certain
resolutions of the Board of Directonof----1:he Vi ì lage. of MO1mtJ?:rOS¡;H"-('.t
fRame of co'1>oratlon tn full)
a corporation duly organized and. existing under the laws of the State of
Illinois
(NMO" 01 ¡¡bote whei'e <>FIrunlz"d)
which reoolutkms were duly adopted at a duly called meeting of the said Board, held on ;1";:¡ n 11;'1 ry ? 1
(DatE> Gf mœti...~)
19.Ji6....., 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not been rescinded or modified:
Be Ii Resol"Ped. that the First National Bank of Mou,nt :P;¡;Q~pect
be and hereby is designated a depositary in which the funds of this Corporation may be de-
posited by its officers, agents, and employes. and that the
FinanCé Director
and Al Newberq
shall be and each of them hereby is authorized to endorse for deposit or negotiation any and
aU 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 person
making the endorsement.
Be It Pwthn Resol'lfeå. that the
Finance Director and Al Newberg
(Ti.tl0(j of ol'ðœm Md/or other peR'<iOi!.II &Iltho!'i",ed to §ip ch€lckll; s. g.: ProRid.."t, Treaø¡¡,-er, "ie.; als" pleaoe Indicate III ....!u~t mom-
ne:!' tho> &bov"" IuWll8d olli<'el'0 ""'" to ~QlfW. 1!1!17 two. or ~omtl¡r, €Ite,)
of this Corporation (are) (is) authorized to SIGN ANY AND ALL CHECKS, DRAFTS,
AND ORDERS, including 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 2,11 checks, drafts and orders so signed, including those drawn to
the individual order of any such officer and/or other person signing the game, 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 l!røther Resol"Ped, that the
Finance Director and Al Newberg
(P1eaœ lnd1cate w what manner tho abe...." nU>ðd. "mœ" 8m to mlfn-a1n¡rb', 8ny two. or jointly, ate,)
BFC Form CR-5
312/495-3990
........".......-....."...."......".'.-...'.-.-.-.-.-.-.-.-~.'...............'.'...'...'.'.'.'.W...'.-.'.w.'.'.'.'.-.-.......'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.".'.'.'.'.'..............,.."....,.
of this Corporation (are) (is) authorized. to borrow from time to time on behalf of this Cor-
poration from the said Bank such sums 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, bins 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, biUs receiv-
able, warehouse r~eipts amI/or other documents, accounts, securities and/or property of the
Corporation, and to execute and deliver any and aU endorsements or instruments of assign-
ment or transfer which may be necessary or proper in such cases effectuaHy to transfer to
the said Bank the property so hypothecated or delivered;
Be It Further Resol'l'ed. 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 an 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 auch expenses.
Be It Further Resolved, that each of the foregoing resolutions shaH continue in force un-
til ~xpress 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
without such notice, it is resolved and hereby agreed for the purpose of inducing the said
Bank to act thereunder, that the said Bank shaH be saved harmless from any loss suffered
or liahHity incurred by it in so acting after such revocation or termination without such
notice.
1 Fmihn Cntif" that the following named persons are the officers of the said Corporation. d1.dy quali-
fied and now acting as such ~
President
Carolyn H. Krause
Asst. Secretary
Vice-President
Asst. Treasurer
Vice-President
Finance Director
David C. Jepson
Secretary
Carol A. Fields
Treasurer
Richard L. Jesse
In Witness Whereof, I have hereunto subscribed my name and affixed the seal of the said Corporat.ion~
thifl!
21st
day of
January
, A. D. 19~.
SEAL
~ '4-
0 . .~ ~,#rt (:Yo é~AtLi
Secretary.
IMPORTANT :
Imprint Seal of
Corporation Here.