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R-21-15RESOLUTION NO. R-21-15 DESIGNATING DEERFIELD BANK 8r TRUST AS A DEPOSITORY OF PUBLIC FUNDS WHEREAS, the Village of Deerfield must from time to time deposit public funds in a bank; and WHEREAS, Deerfield Bank & Trust, has been chosen as an approved depository for the Village's funds; and WHEREAS, it is necessary to execute a Corporate Authorization Resolution with Deerfield Bank & Trust in the form attached as Exhibit A; and WHEREAS, the President and Board of Trustees of the Village of Deerfield have determined that it is in the best interests of the Village of Deerfield to execute said Corporate Authorization Resolution with Deerfield Bank & Trust. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, in the exercise of its home rule powers, that the Corporate Authorization Resolution, attached as Exhibit A, is hereby adopted. BE IT FURTHER RESOLVED, that the Mayor and Village Clerk are hereby authorized and directed to sign said agreement, attached, to allow the deposit of public funds with Deerfield Bank & Trust. ADOPTED this _ 7th -- day of __Lne_ 2021. AYES: Benton, Jacoby, Jester, Metts-Childers, Oppenheim, Seiden NAYS: None ABSENT: None ABSTAIN: None APPROVED this __-8jh—_ day of —___ June _— ------- , 2021. --- - ----- Mayor ATTE C illage Clerk RESOLUTION DESIGNATING PUBLIC DEPOSITORY AND AUTHORIZING WITHDRAWAL OF MUNICIPAL PUBLIC MONEYS TO: (Name/Address of Financial Institution) FROM: (Name/Address of Municipal Entity) Deerfield Bank & Trust Village Of Deerfield a branch of Northbrook Bk & Trust, N.A. 660 Deerfield Rd Deerfield, IL 60015 (847) 945-8660 850 Waukegan Rd Deerfield, IL 60015-3206 Words or phrases preceded by a ❑ are applicable only if the x is marked. Under the Governing Municipality of: village of Deerfield State of: Illinois "IT IS RESOLVED THAT: Deerfield Bank & Trust (the "Financial Institution"), qualified as a ublic depository under state law, is hereby designated as a depository in which the funds of this Municipality may from time to time be deposited; Thefollowing described accountis) be opened and maintained inthe name of this Municipality with the Financial Institution subject to the rules and regulations of the Financial Institution from time to time in effact; The persons) and the number thereof designated by title designated account(s) is hereby authorized,for and on behalf of this Municipality, to sign orders or checks in accordance with state law, for payment or withdrawal of moneyfrom said accounts) and to issue instructions regarding the same and to endorse for deposit, negotiation, collection or discount by Financial Institution any and all checks, drafts notes, bills, certificates of deposit or other instruments or orders for the payment of money owned or held by said Municipality; The endorsement fordeposit may be in writing, by stamp, or otherwise, with or without designation of signature of the person so endorsing; and Any one of the persons holding the officesof this Municipality designated below is hereby authorized to make oral orwritten retests of the Financial Institution for the transfer of funds or money between accounts maintained by this Municipality at the Financial Institution." THIS RESOLUTION APPLIES TO {Select One): ® All Accounts 7503748087, 7515943769, 7561687087, 7586144923, 8100003602 ❑ Specific Account Number(s): DATE OF RESOLUTION: NAME AND TITLE Kent S Street Village Manager Eric Burk Finance Director Daniel Shapiro Mayor comments or SIGNATURE NO. OF NECESSARY COUNTER SIGNATURE This Resolution includes all of the provisions on Page 2. This is to Certify, that the foregoing is a true and correct copy of resolutions duly governing body of Municipality at an open legal meeting held on the 7th day of said resolutions are now in full force and effect. Signed by Date and legally adopted by the June and Clerk The undersigned member of the governing body is authorized to sign orders or checks certifies that the foregoing is a correct copy of a resolution passed as therein set forth. Kent S Street Date Title: village Manager O Compliance Synmrc, Inc. 1997.2013 ITEM 683BAl1 11112013) Page 102 "w.cm*im mym— "IT IS FURTHER RESOLVED, that the Financial Institution be and is hereby authorized and directed to honor, certifyy pay and charge to any of the accounts of this Municipality,all orders or checks for the payment, withdrawal or transfer of funds or money deposited in these accounor to the credit of this Municipality for whatever purpose. or to whomever payable, including requests for conversion of such instruments into cash as well as for deduction from and payment of cash out of any deposit, and whether or not payable to, endorsed or negotiated by or for the credit of any persons signing such instrument or payable to or for the credit of any other officer agent or employee of this Municipality when signed, accepted, endorsed or approved as evidenced by original or facsimile signature by the person(sS, and the number thereof, designated by title for the accounts described in the foregoing resolution, and to honor any request(s) made in accordance with the foregoing resolution, whether written or oral, and including but not limited to, requests) made by telephone or other electronic means, for the transfer of funds or money between accounts maintained by this Municipality at the Financial Institution, and the Financial Institution shall not be required or under anyduty to inquire as to the circumstances of the issuance or use of any such instrument or request or the application or use of proceeds FURTHER RESOLVED, that the Financial Institution be and is hereby authorized to comply with any process summons, order, injunction, execution distraint, In lien, or notice of any kind (hereafter called any received by or served upon the Financiai Institution, by which in the Financial ,lnstitution's opinion, another person or entity claims an interest in any of these accounts and financial Institution may, at its option and without liability, thereupon refuse to honor orders to pay a or,withdraw sums from these accounts and may hold the balance to reln until Process is disposed of to Financial institution's satisfaction. FURTHER RESOLVED, that any one of the persons holding the offices of this Municipality designated above is hereby authorized (1) to receive for and on behalf of this Municipality securities, currency or any other property of whatever nature held by, sent to, consigned to or delivered to the financial Institution for the account of or for delivery to this Municipality, and to give receipt therefor, and the Financial Institution is hereby authorized to make delivery of such property in accordance herewith, (2) to sell, transfer, endorse for sale or otherwise authorize the sale or transfer of securities or any other propertyy o whatever nature held by sent to, consigned to or delivered to the Financial Institution for the account of or for delivery to this Municipality, and to receive and/or apply the proceeds of any such sale to the credit of this Municipality in any such manner as he/she/they deem(s) proper, and the Financial Institution is hereby authorized to ma e a sale or transfer of any of the aforementioned property in accordance herewith, and (3) in accordance with state law, to accept such security, if applicable, and to execute such documents as said officer deems proper and necessary to secure the funds of this Municipality and to issue instructions regarding the same. FURTHER RESOLVED, that this Municippalit other actions taken by the Financial Instituti person or persons holding the offices of this a facsimile signature was unlawful or unaul signature,gr facsimile signature may havebe nr facsimile signatures provided to the Fina instructions from the persons designated in to notwithstanding any inconsistent requirements of I that this Municipality agrees to indemnify and hol demands, losses, costs, damages or expenses su arising out of any such payment or other action. Select if applicable: ❑ Further Resolved, the non -manual signatures and may honor and charge and other orders for payment of money drawn in the name an orderfor electronic debit, whether by electronic tape or the facsimile signature or other non -manual signature may such facsimile signature resembles the specimen attached t regardless of whether misuse of asp Municipality. The Specimen Facsimile ' this Resolution. The Municipality inden from the honoring of any signature cerl full re or esponsibility for any and all payments made or any ?n the signatures, includin facsimiles thereof, of any Ignated above regardless o� whether or not the use of rdless of bywhom or by what means the purported i instrument f such signatures resemble the specimen for refusing to honor any signatures not provided to nsfer of funds or money between accounts or for the ig resolutions regardin security, for the accounts pality not expressed in the foregoing resolutions,and s the Financial Institution against any and all claims, ncurred by the Financial Institution resulting from or :n or non ;manual Si nal ture Exhibit, if attached, s the Financial Institutiot or refusing to honor any is authorized to honor facsimile and other all neggotiable instruments, checks, drafts, licipalif on its regular accounts including regardlyess of by whom or by what means affixed, or electronically communicated, if ution or filed with the Financial Institution, is with or without the negligence of the incorporated into and is an integral part of ,r all claims, expenses and losses resulting nature not so certified'. FURTHER RESOLVED, thatthe Secretary or Clerk of this Municipality beand hereby is authorized and directed to certify to the Financial Institution the foregoing resolutions, that the provisions thereof are in conformity with law, the names, incumbencies and specimen or facsimile signature(s) on this resolution and,, if applicable on signature cards of the officer or officers named therein,and that the forejoin? resolutions and signature cards, if any, and the authority thereby conferredshall remain in full force andefecf until this Municipality notifies the Financial Institution to the contraryin writing; and the Financial Institution may conclusively presume that such resolutions i and signature cards are n effect and that the persons identified therein from time to time as officers of the Municipality have been duly elected or appointed to and continue to hold such offices. FURTHER RESOLVED, that this resolution authorizes the Financial Institution to honor all orders or checks when bearing, or purporting to bear, the facsimile signature(s) provided below, if any, by any 1 of the named officers, or in an attached Exhibit when indicated." Facsimile Signature Facsimile Signature ❑ The Specimen Facsimile Signature Exhibit attached is incorporated into and is an integral part of this Resolution. By initialing. I acknowledge this is page 2 of 2 of the Resolution Designating Public Depository and Authorizing Withdrawal of Municipal Public Moneys Initials Initials Initials Initials Qtwgle Systems, tw. 1997 - 20131TEM WNW (1112013) Pegs 2 of 2 ^WW.CWWrMACnY3% °'CDM