HomeMy WebLinkAboutRes 17-89 05/02/1989
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VILLAGE OF MOUNT PROSPECT
RESOLUTION NO.
17-89
A RESOLUTION AUTHORIZING CERTAIN BANKS AS DEPOSITORIES
IN WHICH FUNDS OF THE VILLAGE MAY BE DEPOSITED
I, the undersigned, Do Hereby Certify, that I am the Village Clerk of the Village
of Mount Prospect (hereinafter the "Village") a municipality duly organized and
existing under and by virtue of the laws of the State of Illinois, and that as
such officer I have custody of the Records and Seal of said Village; that at a
meeting of the Board of Trustees of said Village duly and regularly called on the
2nd day of May, A.D. 1989, at which said meeting a majority and quorum of the
Board of Trustees of said Village were present, the following resolution was
adopted by the affirmative vote of a majority of the whole Board of Trustees of
said Village, to-wit:
BE IT RESOLVED, that the following ten (10) banks (each hereinafter referred to as
the "Bank") be and each hereby is, designated as a depository in which the funds
of the Village may be deposited by its officers, agents and employees, and each of
them hereby is authorized to endorse for deposit or negotiation any and all
checks, drafts, notes, bills of exchange and orders for the payment of money,
either belonging to or coming into the possession of the Village. Endorsements
for deposit may be by the written or stamped endorsement of the Village without
designation of the person making the endorsement:
First National Bank of Mount Prospect
First Chicago Bank of Mount Prospect
Countryside Bank of Mount Prospect
Continental Bank of Chicago
First National Bank of Chicago
Harris Bank and Trust of Chicago
Unibanc Trust of Chicago
Marine Bank of Springfield
First Tennessee Bank of Memphis
Citibank of New York
BE IT FURTHER RESOLVED, that Gerald L. Farley, President and David C. Jepson,
Treasurer, jointly are authorized to sign any and all checks, drafts and orders,
including orders or direction in informal or letter form, against any funds at any
time standing to the credit of the Village with the Bank, and/or against any
account of this Village with the Bank, and the Bank be, and it hereby is, author-
ized to honor any and all checks, drafts and orders so signed, including those
drawn to the individual order of any such officer and/or other person signing the
same, without further 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 FURTHER RESOLVED, that the Bank as a designated depository of the Village
be, and it (including its correspondent banks) hereby is, requested, authorized
and directed to honor checks, drafts and other orders for the payment of money
drawn in the Village's name, including those drawn to the individual order of any
person or persons whose name or names appear thereon as signer thereof, when
bearing or purporting to bear the facsimile signature(s) of
Gerald L. Farley, President, and
David C. Jepson, Treasurer, Jointly
the Village and the Bank shall be entitled to honor, and to charge the account of
the Village for, such checks, drafts or other orders for the payment of money,
regardless of by whom or by what means the actual or purported facsimile signature
or signatures thereon may have been affixed thereto, if such signature or signa-
tures resemble the facsimile specimens of such signature(s) certified to or filed
with the Bank by or on behalf of the Village; and
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BE IT FURTHER RESOLVED, that David C. Jepson, Treasurer of the Village, is
authorized from time to time to designate in writing to the Bank those officers,
employees and other agents of the Village authorized to issue written, telephonic,
electronic or oral instructions with respect to the transfer of funds of the
Village on deposit with the Bank (or otherwise transferable by the Bank) (a) by
wire, automated clearinghouse or other electronic means of transfer, without any
written order for the payment of money being issued with respect to such transfer,
or (b) by check, draft or other written order for the payment of money, whether
signed by persons authorized pursuant to this resolution or authorized by the
Bank.
BE IT FURTHER RESOLVED, that each of the foregoing resolutions shall continue in
force until express written notice of its rescission or modification has been
received by the 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 Bank to act thereunder, that the Bank shall
be saved harmless from any loss suffered or liability incurred by it in so acting
after such revocation or termination without such notice.
BE IT FURTHER RESOLVED, that Carol A. Fields, the Village Clerk of this Village,
shall file with the Bank a certified copy of this resolution under the seal of the
Village and shall also file with the Bank a list of the persons who are at the
present time officers of this corporation.
AND I DO FURTHER CERTIFY, that the above and foregoing resolution is a true and
correct copy of the same, as it appears in the minutes of said Village, and that
the same has not been altered, amended or repealed and is now in full force and
effect.
I FURTHER CERTIFY that the following named persons are at this date the officers
of the Village duly qualified and now acting as such:
Name
Title
Signature . ~
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Gerald A. Farley
President
Carol A. Fields
Village Clerk
David C. Jepson
Treasurer
DATED this 2nd day of May, 1989.
VILLAGE OF MOUNT PROSPECT
ATTEST:
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