HomeMy WebLinkAboutRESOLUTIONS-1991-013-R-9113-R-91
A RESOLUTION
Designating Signatories Authorized to
Direct the Release from Custody, Securities
Pledged to the City of Evanston and Held
In Safekeeping by Federal Reserve Bank of Chicago
WHEREAS, the City of Evanston utilizes the services of
the Federal Reserve Bank of Chicago for the safekeeping of
United States Government and Municipal securities pledged to
the City or by any of its agencies or departments, upon terms
and conditions prescribed by said bank;
THEREFORE, BE IT RESOLVED, by the City Council of the
City of Evanston, Illinois:
First that such pledged securities deposited for
safekeeping with Federal Reserve Bank of Chicago may be
released from safekeeping, delivered, sold, redeemed,
exchanged, or otherwise disposed of upon instructions signed by
any one of the following: City Manager, Assistant City
IManager, City Comptroller, or Deputy City Comptroller; and
Second, that the Clerk forward a certified copy of this
resolution to Federal Reserve Bank of Chicago together with a
• i certificate of incumbency attesting to the names and signatures
E of the present incumbents of the offices described above; and
that the City Clerk further certify to the bank from time to
time the signatures of any successors in office of any of the
! present incumbents; and
!' Third, that Federal Reserve Bank of Chicago shall be
I
fully discharged from all liabilities or responsibility for an
i 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; and
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Fourth, that this resolution shall supersede and cancel
all previous resolutions relating to the safekeeping of pledged
securities at Federal Reserve Bank of Chicago.
i
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Mayor
i ATTEST:
Cit derk
Adopted ,l'��ttccc
1991