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R2000-231 RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION
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R2000-231 RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION
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3/29/2016 10:01:11 AM
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Resolution/Ordinance
Res Ord Num
R2000-231
Res Ord Title
RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION FEDERAL RESERVE BANK OF CHICAGO - NATIONAL CITY BANK OF MICHIGAN AND ILLINOIS
Approved Date
11/6/2000
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. <br /> RESOLUTION NO. R2000-231 <br /> RESOLUTION RENEWING <br /> JOINT CUSTODY ACCOUNT AUTHORIZATION <br /> FEDERAL RESERVE BANK OF CHICAGO <br /> -NATIONAL CITY BANK OF MICHIGAN AND ILLINOIS - <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF DECATUR, ILLINOIS: <br /> Section 1. That National City Bank of Michigan and Illinois utilize the services of <br /> Federal Reserve Bank of Chicago for the custody of securities pledged to the City of Decatur, <br /> Illinois or to any of its agencies or departments, upon terms and conditions prescribe by the <br /> Federal Reserve Bank of Chicago. <br /> Section 2. That such securities deposited for custody with Federal Reserve Bank of � <br /> Chicago may be released from custody to National City Bank of Michigan and Illinois upon the 'I <br /> signature of the Finance Director and Comptroller. 'i <br /> Section 3. That the City Clerk forward a certified copy of this Resolution to Federal '� <br /> Reserve Bank of Chicago together with a certificate attesting to the names and signatures of the <br /> present incumbents of the offices described above; and that the City Clerk further certify to the <br /> bank from time to time the signatures of any successors in office of any of the present <br /> incumbents. <br /> Section 4. That Federal Reserve Bank of Chicago sha11 be fully discharged from all <br /> liabilities or responsibility for any action carried out in accordance with this Resolution and it <br /> shall be entitled to rely on this Resolution until it receives express written notice to the contrary <br /> in the form of a certified copy of a subsequently enacted Resolution. <br /> Section 5. That this Resolution shall supersede and cancel all previous Resolutions <br /> relating to the custody of securities at Federal Reserve Bank of Chicago. ` <br /> PRESENTED and ADOPTED this 6th day of November,20 . <br /> TERRY M. , MAYOR <br /> ATTEST: <br /> � �� l� <br /> � � <br /> CITY CLERK <br />
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