Forest Preserve District of Cook County - File #: 14-0438

• File #: 14-0438
• Version: 1
• Name: AUTHORIZED SIGNATORIES
• Type: Resolution
• Status: Approved
• File created: 8/22/2014
• In control: FPD Board of Commissioners
• On agenda: 9/9/2014
• Final action: 9/9/2014
• Title: 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...
• Indexes: (Inactive) ARNOLD RANDALL, General Superintendent
• Related files: 23-0298, 24-0054, 23-0447

Date	Ver.	Action By	Action	Result
9/9/2014	1	FPD Board of Commissioners	approve	Pass

title
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 the prior Resolution, Item No. 14-0266, which was approved by the Board of Commissioners of the Preserves on May 20, 2014 regarding authorized signatures;

NOW, THEREFORE, BE IT RESOLVED, that, effective as of the date this resolution is approved by the Board of Commissioners of the Preserves, the manual or facsimile signatures of any th...