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R99-53 RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION
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R99-53 RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION
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4/8/2016 4:14:47 PM
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Resolution/Ordinance
Res Ord Num
R99-53
Res Ord Title
RENEWING JOINT CUSTODY ACCOUNT AUTHORIZATION FEDERAL RESERVE BANK OF CHICAGO - FIRST NATIONAL BANK OF DECATUR
Approved Date
4/19/1999
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RESOLUTION NO. R 99-53 <br /> RESOLUTION RENEWING <br /> JOINT CUSTODY ACCOUNT AUTHORIZATION <br /> FEDERAL RESERVE BANK OF CHICAGO <br /> -FIRST NATIONAL BANK OF DECATUR- <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the First National Bank of Decatur utilize the services of Federal Reserve <br /> Bank of Chicago for the custody of securities pledged to the City of Decatur, Illinois or to any of <br /> its agencies or departments, upon terms and conditions prescribe by the Federal Reserve Bank of <br /> Chicago. <br /> Section 2. That such securities deposited for custody with Federal Reserve Bank of <br /> Chicago may be released from custody to First National Bank of Decatur upon the signature of <br />' the Finance Director and Comptroller. <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 mcumbents of the offices descnbed 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 shall 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 19th day of April, . ��/ <br /> �,. <br /> .y-��r°% <br /> TERRY� . HO ,,MAYOR <br /> _ t -�---______--� <br /> ATTES <br /> �� -- � �e�� <br /> CITY CLERK <br /> y � <br /> �_ ' <br />
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