HomeMy WebLinkAboutResolutions - R-89-22 - 09/13/1989 - Security Pledge for 1st National BankFRB CHGO 2.41 (REV 11/30/84) NS R- 89- 2 2
SUGGESTED RESOLUTION FOR ENACTMENT
First National Bank of McHenry utilize the services of
RESOLVED, that the (Name of Financial Institution)
Federal Reserve Bank of Chicago for the custody of securities pledged to the (Name of Public Body (pledgee))
or to any of its agencies or departments, upon terms and conditions prescribed by the Federal Reserve Bank of
Chicago.
RESOLVED, that such securities deposited for custody with Federal Reserve Bank of Chicago may be released from
custody to
First National Bank of McHenry upon the signature of:
(Name of Financial Institution)
(Show how many signatures are required: e.g., "any two of the following, Treasurer,
Clerk, President. " List only titles of those authorized: e.g., Treasurer, Clerk, President. Do
not insert names of persons.)
RESOLVED, that the City of McHenry Clerk forward a certified copy of this
(Name of Pledgee)
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-i o McHenry
(Name of Pledgee)
Clerk further certify to the bank from time to time the signatures of any successors in office of any of the present
incumbents.
RESOLVED, that Federal Reserve Bank of Chicago shall be fully discharged from all liabilities or responsibility for
any action caned 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.
RESOLVED, that this resolution shall supersede and cancel all previous resolutions relating to the custody of
securities at Federal Reserve Bank of Chicago.
1 hereby certify that the foregoing is a true and correct copy of a Resolution oCity Council
f the
(Name of Governing Board)
of the City of McHenry adopted at a meeting of said Ci ty Council
(Name of Pledgee) (Name of Governing Board) 13th day of September
00
duly called and held on the 19 a
quorum being present, as said Resolution remains of record in the minutes of said meeting, and it is now in full force
and effect.
Dated the y
13th -day of September ,19 89
Clerk
SIGNATURE GUARNATEED
(Corporate Seal) First National Bank of McHenry
(Name of Depository Institution)
By:
Title:
(The clerk's signature on the certification of the resolution
and his signature and the signatures of those authorized
to act for the pledgee contained in the signature certifica-
tion should be guaranteed by a financial institution that (Depository Institution Seal)
maintains an account with the Federal Reserve Bank)
Pledge Account
FRB CHGO 2.43 (1/7/85) NS
Federal Reserve Bank of Chicago
P.O. Box 834
Chicago, Dlinois 60690-0834
Gentlemen:
CUSTODY AGREEMENT
September 13, 1989
Dote
You are hereby authorized to accept and hold in custody for our account securities by
First National Bank of McHenry
Pledgor
3814 West Elm Street, McHenry, Illinois 60050
Address (City and State)
We agree that such securities are held subject to the terms and conditions of your Operating Circular No. 13-A
and hereby signify our knowledge and acceptance of the terms and conditions of said circular.
We further agree that at your convenience you may accept securities from the pledgor as replacement, or in
substitution for those securities presently held, provided that such replacement or substitution does not reduce the
aggregate par amount of securities held for our account.
This authorization is limited to the following designated securities:
(Indicate YES or NO on lines provided. Leave no blanks.)
A. Obligations of the United States Government:
Treasury Bills, Certificates of Indebtedness,
Notes and Bonds.
B. Obligations of United States Government Agencies.
C. Obligations of the State of
D. Obligations of the various States.
E. Obligations of municipalities and public bodies
located in
(indicate name of State(s))
F. Obligations of any municipality or public body
located in the fifty States, or territories or
insular possessions of the United States.
G. Other (Specify)
(Corporate Seal)
SIGNATURE(S) GUARANTEED
(Name of Depository Institution)
By: -
Citv of McHenry
lic body ledgee)) •
By:
Title:
Address: 111 N, Green St,
McHenry, IL, 600.50.
Title. ` (Depository Institution Seal)
FRB CHGO 2-42 (REV 1/7/85) NS
CERTIFICATE OF INCUMBENCY
TO THE FEDERAL RESERVE BANK OF CHICAGO:
I/We certify that the names of the incumbents of the offices authorized by a Resolution of
the City of McHenry
adopted the
13th
(name of goueming body and name of public body (pledgee)
day of September , 19 89 , to direct the release from
custody, securities pledged to the City of McHenry
y P g and held in safekeeping by Federal
(name of pledgee)
Reserve Bank of Chicago, and their signatures are as follows:
Name
Title
Dated the 13th day of September 19 89
(Corporate Seal)
Clerk
SIGNATURES GUARANTEED
(Name of depository institution)
by
Title
(The clerk's signature on this certificate and the signatures of those authorized to
act for the pledgee appearing above should be guaranteed bya financial institution
that maintains an account with the Federal Reserve Bank)
Pledge Account
Signature
(Depository Institution Seal)