HomeMy WebLinkAboutRes 04-86 01/21/1986
RESOLUTION NO.
4-86
A RESOLUTION AUTHORIZING EXECUTION OF A CUSTODY
AGREEMENT WITH THE FEDERAL RESERVE BANK OF CHICAGO
WHEREAS, the Village of Mount Prospect utilize the services of
Federal Reserve Bank of Chicago for the custody of securities
pledged to the Village or to any of its agencies or departments,
upon terms and conditions prescribed by said bank; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That securities as stated hereinabove deposited
for custody with Federal Reserve Bank of Chicago many be released
from custody to said member upon the authorization of one of the
fol1owing:
Car 0 1 yn H. K r au s e
David C. Jepson
Richard L. Jesse
Village President
Finance Director
Village Treasurer
SECTION TWO: That the Village Clerk of the Village of Mount
ørospect is hereby directed to forward a certified copy of this
Resolution to Federal Reserve Bank of Chicago together with a
certificate attesting to the names and signatures of the
incumbents of the offices described above; and that the Village
Clerk further certify to the bank from time to time the
signatures of any successors in office of any of the present
incumbents.
SECTION THREE: That the Federal Reserve Bank of Chicago shall
be fully discharged from all liabilities or responsibility for
any action carried out in accordance with this Resolution and it
shall be entitled to rely on this Resolution until it receives
express written notice to the contrary in the form of a certified
copy of a subsequently enacted Resolution.
SECTION FOUR: That this Resolution shall supersede and cancel
all prevlous Resolutions relating to the custody of securities at
Federal Reserve Bank of Chicago.
SECTION FIVE: That this Resolution shall be in full force and
effect from and after its passage and approve in the manner
provided by law.
AYES:
NAYS:
Arthur, Farley, Flores, Murauskis, Van Geem, Wattenberg
None
ABSENT: Nene
PASSED and APPROVED
21st
day of
January
,1986.
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CarolyrfðH. Krause, Mayor
ATTEST:
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C a;~ . 1 e s, 1 age Cl erk
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CERTIFiCATE OF INCUMBENCY
TO THE FEf?Efi.AL RESERVE BANK OF CHICAGO:
.
t certify that the names of the incumbents of the offices authorized by a Resolution
of dIP
Village of Mount Prospect
Board of Trustees
name of governing body and name of municipality
adopted the 21st: day of ,j;:mn(1ry . 198..6.-. to direct the release
from custody, securities pledged to the (name of municipality) and held in safekeeping by Federal
Reserve Bank of Chicago, and their signatures are as follows:
Name
Title
S;gna ture
Carolyn H. Krause
President
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Richard L. Jesse
Treasurer
David C. Jepson
Finance Director
Dated the
of / ::.-1"
day of
"JÎ/ N v¡¡flý
, 19 cPlo
(CORPORATE SEAL)
~c-Y~
Clerk
SIGNATURES GUARANTEED
(Name of Member Bank)
Tide
(DEPOSITORY
INSTIT{;TI(ì~i
SEAL)
The c!erk's signature on rile foregoing certification and rile signatures of those authorized to act
act for the minicipality appearing above should be guaranteed by 8 member bank of the
Federal Reserve System.
by
Pledge Account