HomeMy WebLinkAboutRESOLUTIONS-1991-026-R-912/27/91
26-R-91
A RESOLUTION
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Designating Signatories Authorized to Direct
The Release From Custody, Securities Owned By the
NBD Bank Evanston, N.A. and Pledged to the
• City of Evanston and Held In Safekeeping By
Federal Reserve Bank of Chicago
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WHEREAS, the NBD Bank Evanston, N.A. utilizes the
services of the Federal Reserve Bank of Chicago for the custody
of securities pledged to the City of Evanston or to any of its '
agencies or departments, upon terms and conditions prescribed
by the Federal Reserve Bank of Chicago; and
WHEREAS, such securities deposited for custody with
Federal Reserve Bank of Chicago may be released from custody to
j NBD Bank Evanston, N.A. upon the signature of any one of the 1
following: City Manager, Assistant City Manager, City
Comptroller, or Deputy City Comptroller;
j THEREFORE, BE IT RESOLVED, by the City Council of the
City of Evanston, Illinois:
First, that the City of Evanston Clerk forward a
• certified copy of this resolution to Federal Reserve Bank of
Chicago together with a certificate attesting to the names and
signatures of the present incumbents of the offices described
above; and that the City of Evanston Clerk further certify to
the bank from time to time the signatures of any successors in
j office of any of the present incumbents; and
Second, that Federal Reserve Bank of Chicago shall be
fully discharged from all liabilities or responsibility for any
action carried out in accordance with this resolution and it '
E 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
Third, that this resolution shall supersede and cancel
all previous resolutions relating to the custody of securities
at Federal Reserve Bank of Chicago.
i Mayor
7 ATTEST:ATTEST:
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City Clerk
Adopted , 1991
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