Resolution 1995-32 STATE OF ILLINOIS ) 8/18/95
)ss.
COUNTY OF KENDALL )
RESOLUTION NO. 1995-
RESOLUTION CREATING LIBRARY BUILDING EXPANSION FUND ACCOUNT
WHEREAS, THE UNITED CITY OF THE VILLAGE OF YORKVILLE has by
Ordinance No. 1990-24 created the payment of development fees, upon annexation and
development of certain residential property to THE UNITED CITY OF THE VILLAGE OF
YORKVILLE; and
WHEREAS, one component of said fee is a contribution to the Library for purposes of
building expansion to serve additional residents; and
WHEREAS, it is in the best interest of THE UNITED CITY OF THE VILLAGE OF
YORKVILLE and the Library for the orderly administration of funds to specifically have those
funds kept in a separate encumbered account:
NOW THEREFORE, THE UNITED CITY OF THE VILLAGE OF YORKVILLE, by and
through its City Council on motion duly made, seconded, and approved by a majority of those
members voting hereon, hereby creates the "LIBRARY BUILDING EXPANSION FUND
ACCOUNT" for the purpose of accounting for contributions received on City development fees
for purposes of Library expansion.
Said account shall require signatories from three (3) persons in order to negotiate any
withdrawal of funds thereon. The required signatories necessary to withdraw funds from said
account and to be present on the signature card at the designated Banking Institution holding said
account shall be as follows:
1. The President and Treasurer of the Yorkville Public Library Board; and
2. At least one (1) person signing from the City of Yorkville, who shall have their
authorized signatories designated by the Mayor and City Council, which shall consist of
the City Treasurer or Finance Committee Chairman.
The funds contained in said account including any interest accrued thereon shall be used
for the purpose of building expansion.
PASSED AND APPROVED this aj uay of . 1995.
Date:
Mayo
ATTEST:
C CLERK
Law Offices of
Daniel J. Kramer
1107A S. Bridge St.
Yorkville, IL 60560
(708) 553-9500
ACCT #: 017-108 36-6006169
TAX ID'#: 36--6009169 RF^``V. �N OF LODG�OCIATION OR OT"�R SIMILAR OR ION
THE YORKVILLE NATIONAL BANK By�IiY OF YORKVILLE
102 E. VAN EfTION LIBRARY BUIL� t I� PF�f�3��SRPrr I �(�'rC9YJT
YORKVILLE, IL 60560 111 W FOX ST
YORKVILLE, IL 60560 (Address)
(City,Stale and Zip Code)
A. I, JACQUELINE S ALLISON certify that I am Secretary(clerk)of the above-named organization
(referred to as the "association")organized under the laws of ILLINOIS , Federal Employer I.D. Number
36-6006169 ,and that the following is a correct copy of resolutions adopted at a meeting of the
association duly and properly called and held on AUGUST 18 19 95 These resolutions
appear in the minutos of this meeting and have not been rescinded or modified.
B. Be it resolved that,
(1) The Financial Institution named above is designated as a depository for the funds of this association.
(2) This resolution shall continue to have effect until express written notice of its rescission or modification has been received and recorded by
this Financial Institution.
(3)All transactions, if any, with respect to any deposits, withdrawals, rediscounts and borrowings by or on behalf of this association 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 a representative capacity as agents of this association,are authorized to make any and
all other contracts, agreements, stipulations and orders which they may deem advisable for the effective exercise of the powers indicated below,
from time to time with this Financial Institution, concerning funds deposited in this Financial Institution, moneys borrowed from this Financial
Institution or any other business transacted by and between this association and this Financial Institution subject to any restrictions stated below.
(5) Any and all prior resolutions adopted by this association and certified to this Financial Institution as governing the operation of this
association's account(s),are in full force and effect,unless supplemented or modified by this authorization.
(6) This association agrees to the terms and conditions of any account agreement, properly opened by any authorized representative(s) of this
association,and authorizes the Financial Institution named above,at any time,to charge this association for all checks,drafts,or other orders,for
the payment of money,that are drawn on this Financial Institution, regardless of by whom or by what means the facsimile signature(s)may have
been affixed so long as they resemble the facsimile signature specimens in section C.(or the facsimile signature specimens that this association
files with this Financial Institution from time to time)and contain the required number of signatures for this purpose.
C. If indicated,any person listed below(subject to any expressed restrictions)is authorized to:
Name and Title Signature Facsimile Signature
(if used)
1) __ 11TTCHFI I c T MAFF PRF .1I R
_-S) f9 TFFnRn T 7AHP TRFAS-/I R AiAo
(C) RTrH Rp n A _RrHEFFP.AHN TRFA$,4f'Y
(D) ARIBUR E PROCHASKA .TR FTN rHR
Indicate A, B,C and/or D
------ (1)Exercise all of the powers listed in(2)through(6).
A,B,& C Or D (2)Open any deposit oXXKaEXXNaccount(s)in the name of this association. Excluding Checking accour
A,B,& c or D (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 three
------ (4)Borrow money on behalf and in the name of this association,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 association 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
D. 1 further certify that this association 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 same.
E. X
(Secretary)
AFFIX SEAL HERE X
4�A D,D"eaoq
n
3 1989 BANKERS SYSTEMS,INC.,ST CLOUD,MN(1-800-397-2341) FORM OA-1 1/12'90 CJ