R-677 - 09/24/1996 - FINANCE - Resolutions 96—Fl—FAGS SA—R-6 7%
RATE AUTHOWATiON RESOLUTM a Municipal
—VillagWbf Oak Brook, Cor2oration
1200 Oak Broi o�`c Rd
Oak Brook, IT' 60521-2203
ICRy.star.err tr ca.1
A. 1. Linda K. Gonnella ,certify that i ern tle above named
o,�+ized Illinois S4 corporation
under the laws of ��� pI.DD.�� ,engaged in business
w,dar thenams of Village of Oak Brook, a 'riuCtl>�tt s fohlovykogis a corn copy of resotutiora adopted n a readies of
the Board of�%V corporation duly and property calved and held on September L4, 19y6 .The"
rasoh,tions appear in the minutes of this meeting and have not been rescinded or modified,
R Be it resolved that,
(1)The Financial Institution named above is designated as a d
epositOrY for the funds of this corporation.
(2)This resolution shah continue to have effect until express written notice of its rescission or modification fats been received and recorded by
this Financial Institution.
(3) AN tnstaections, if any, with respect to any deposits, withdrawals.rediscounts and borrowings by or on behalf of this corporation with this
Financial Institution prior to the adoption of this resolution are hereby ratified,approved and confirmed.
(4)Any of the persons named below,so long as they act in s representative capacity as agents of this corporation,are suihorized to make any
and all other contracts, agreements, stipulations and orders which they may dean advisable for the effective axe raiso of the powers(ndecaad
below. from time to time with this Financial Institution, conceming funds deposited in this Financial lnsdtubM nmonsys borrowed from this
Firtantdai institution or any other business transacted by and between this corporation and this Financial Institution subject to
stated below. uIg S jet any restrictions
(6) Any and ON riior resolution*adopted by the Board Of MS &eof that
operation of this corporation's account(s),we in full force and effect,unless ° on and certified to this Finsrtttial Institution es governing the
(6)This corporation agrees to the terms and conditions of prop property"modified by this authorization.
corporation, and authorizes the Financial Institution named bone. K Ont, ProP�Y opened by any authorized representaive(s) of this
for the payment of money,that an drawn on this Financier!Institution,my tire,to charge this corporation for all checks. drafts,or other orders,
have bean affixed so long h they resemble the facsimile ineri rega—ass of by wham or by what memo the facsimile signatun(s)may
corporation files with this Financial Institution from time to timsa ))and contain in section C. (or the atur sfo signature is p specimens the this
G If indicated,a required number of signatures for this purpose.
any person listed below(subject to any expressed rsarictiora!is authorized to:
Name and Title r Signature� Facsimile Sier►atorro
lrr teed
(A) Karen M. Bushy, President
the Darrell J. Lant;iois, Finance Officer
(C) Stephen B. Veitch Village Manal;er
(D)
hdicaft A,8.C and/or D
(1)Exercise all of the powers listed in(2)through(6).
A,B,C (2)open any deposit or checking account(s)in the name of this corporation.
A.B.C (3)Endorse checks and orders for the payment of money and withdraw funds on deposit with this Financial Institution.
Number of authorized signatures required for this purpose 1 is(S10,000: 2)is S10,,000
(4)Borrow money on behalf and in the name of this corporation, sign, execute and deliver promissory notes or other
evidences of indebtedness.
Number of authorized signatures required for this purpose
(5)Endorse, assign, transfer, mortgage or pledge bills receivable, warehouse receipts. bills of lading, stocks, bonds.
real estate or other property now owned or hereafter owned or acquired by this corporation as security for sums
borrowed, and to discount the same, unconditionally guarantee payment of all bills received, negotiated or
discounted and to waive demand, presentment,protest, notice of protest and notice of non-payment.
Number of authorized signatures required for this purpose
(6)Enter into written lease for the purpose of renting and maintaining a Safe Deposit Box in this Financial Institution.
Number of authorized persons required to gain access and to terminate the lease
O. I further certify s
rtify that the Board of of this corporation has,and at the time of adoption of this resolution had, full power and lawful
authority to adopt the foregoing resolutions and to confer the powers granted to the persons named who have full power and lawful authority to
exercise the sane.
At
yv}j
In witness Whweof,1 have hereunto subscribed my merle and affixed the seal of this corporation on
,o
September ?4, 1996
SEAL ��
5
`see 42A"r st by on.�16?�Ifffr�iatr
.(, V llage Trustee Village Clerk
0INS aANKtxs 0"ITEMS,INC..ST.CLOUD,MN 68301(1.800.397.23411 FORM CA-I 12!29189 f)>r6e a rl
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