Forest Preserve District of Cook County - File #: 14-0266

• File #: 14-0266
• Version: 2
• Name: AUTHORIZED SIGNATORIES
• Type: Resolution
• Status: Approved
• File created: 5/9/2014
• In control: Office of the General Superintendent
• On agenda: 5/20/2014
• Final action: 5/20/2014
• Title: SUBMITTING A PROPOSED SUBSTITUTE RESOLUTION TO FILE #14-0266 PROPOSED RESOLUTION AUTHORIZED SIGNATORIES WHEREAS, the FOREST PRESERVE DISTRICT OF COOK COUNTY (the "Preserves") has authorized various banks as depositories of its accounts; WHEREAS, from time to time, the Preserves may also seek to open lines of credit or purchase appeal bonds from various insurers, bond companies or other institutions to cover the costs of judgments against the Preserves in the event the Preserves, upon Board approval, decides to appeal such judgments; WHEREAS, the various banks that serve as depositories of the Preserves' accounts require the manual or facsimile signature of duly elected or appointed Officers of the Preserves for the warrants, checks drafts or other orders on these accounts; WHEREAS, the various insurers, bond companies and other institutions with whom the Preserves may seek to open a line of credit or from whom the Preserves may seek to purchase an appeal bond...
• Indexes: (Inactive) ARNOLD RANDALL, General Superintendent

Date	Ver.	Action By	Action	Result
5/20/2014	2	FPD Board of Commissioners	approve as amended
5/20/2014	1	FPD Board of Commissioners	adopt as amended	Pass
5/20/2014	1	FPD Board of Commissioners	adopt as amended by substitution	Pass

TITLE
SUBMITTING A PROPOSED SUBSTITUTE RESOLUTION TO FILE #14-0266

PROPOSED RESOLUTION

AUTHORIZED SIGNATORIES

WHEREAS, the FOREST PRESERVE DISTRICT OF COOK COUNTY (the "Preserves") has authorized various banks as depositories of its accounts;

WHEREAS, from time to time, the Preserves may also seek to open lines of credit or purchase appeal bonds from various insurers, bond companies or other institutions to cover the costs of judgments against the Preserves in the event the Preserves, upon Board approval, decides to appeal such judgments;

WHEREAS, the various banks that serve as depositories of the Preserves' accounts require the manual or facsimile signature of duly elected or appointed Officers of the Preserves for the warrants, checks drafts or other orders on these accounts;

WHEREAS, the various insurers, bond companies and other institutions with whom the Preserves may seek to open a line of credit or from whom the Preserves may seek to purchase an appeal bond may require the manual or facsimile signatures of duly elected or appointed Officers of the Preserves in order to allow the Preserves to establish lines of credit or purchase appeals bonds;

WHEREAS, from time to time, based on changes in Preserves personnel, it is necessary to advise banks, insurers, bond companies and other institutions of changes to the list of elected or appointed Officers of the Preserves who are authorized to sign on behalf of the Preserves in order to allow the Preserves to issue checks, warrants or other orders with respect to Preserves bank accounts; establish lines of credit; or purchase appeals bonds;

WHEREAS, upon approval, this Resolution shall supersede Resolution No. 12-R-06, which was approved by the Board of Commissioners of the Preserves on May 2, 2012;

THEREFORE, BE IT RESOLVED that, as of May 2030, 2014, the manual or facsimile signatures of any three of the following officers shall appear on all lines of credit op...