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R-359-95 05/22/95105 - 0001085 & 105 - 0001086 Resolution 359 Certified Copy of Corporate Res-anti-ens and List of Officers I, the undersigned, hereby certify that I am the duly elected, qualified and acting Secretary of TTT.T.A(:F f1F T.FMf1NT , a corporation organized and existing under the laws of the State of and currently in good standing, that as such Secretary I am the custodian of the records and seal of said Corporation, and that a duly called and regularly held meeting of the Board of Directors of said Corporation, convened and held in accordance with law and the By -Laws of said Corporation and pursuant to requisite notice, on the G 2 nc day of i•iay , A.D. 19 9 5 y , at which meeting a majority and quorum of the Board of Directors of said Corporation was present throughout, the following resolution was adopted by the affirmative vote of a majority of the entire Board of Directors of said Corporation, to -wit: BE IT RESOLVED: 1. That HARRIS BANK HINSDALE, N.A. (BANK) be and it is hereby designated a depositary in which the funds of this Cor- poration may be deposited by its officers, agents and employees and that they be and each of them is hereby authorized to endorse in the name of this Corporation, for deposit and collection in and with said Bank, checks, drafts, notes, negotiable instruments, orders for the payment of money and other like obligations issued or drawn to or owned by this Corporation, and that such endorsement may be written or stamped endorsement of this Corporation without designation of the party making such endorsement. 2. That said BANK be and it is hereby authorized to honor, pay out of the funds of this Corporation on deposit with it from time to time, and charge to any account or accounts of this Corporation with said Bank all checks, drafts and orders for the payment of money drawn upon said depositary and signed in the name of this Corporation by its ia''ior or tac llinistrator or Treasure:: or t di.4ote: G out of 3 signatures requi l�-ed ) Or and countersigned by its without inquiry into the circumstances of their issue-or disposition of 'the proceeds thereof whether said checks are payable to cash, bearer or to the order of this Corporation or to any third party or to the order of or endorsed or negotiated by any officer or person signing or countersigning them or to any other officer of this Corporation in either his individual or official capacity and whether they are deposited to the individual credit of any officer or person signing them.o _of any of the other officers or persons or not. 3. That the it f zi and or and or of this Corporation be and they are hereby authorized from time to time to borrow money from said Bank in such amount or amounts, for such length of time and at such rate of interest and upon such other terms and conditions as said officer or officers may deem expedient, and to evidence the indebtedness thereby created by executing and delivering in the name and on behalf of this Corporation promissory notes, judgment promissory notes and other like obligations of this Corporation, signed in the name of this Corporation by the officer or officers designated above; and to assign, deliver, mortgage and pledge as security for the payment of said notes and other obligations any property or security now or hereafter owned or held by this Corporation, and to give and grant to said Bank and its assigns full power and authority to sell at public or private sale any property or security owned or held by this Corporation so pledged with said Bank, without demand, notice or advertising, whether prior or subsequent to the maturity of said note or notes, which note or notes or other obligations shall be in such form and shall contain such other and further terms, provisions and conditions as may be deemed proper by such officer or officers; and said officer or officers is or are further authorized to discount with said Bank the notes and other obligations issued to or owned by this Corporation. 4. That the said Bank shall not be in any manner whatsoever, responsible for or required to see to the application of any of the funds of this Corporation deposited with it, or paid by, or borrowed, or withdrawn from it pursuant hereto. 5. That the officers hereinabove named or any of them be and each of them is hereby authorized to endorse for negotiation, negotiate and receive the proceeds of any negotiable instrument payable to or belonging to this Corporation and to sell, assign, transfer, set over and deliver, and to endorse for sale or for transfer any and all securities, registered bonds, stock certificates, interim, participation and other certificates belonging to or standing in the name of this Corporation. 6. That the officers hereinabove named or any one of them be and each of them is hereby authorized to withdraw, receive and receipt for and withdraw upon trust receipt on the responsibility of and at risk of this Corporation, and to sign orders for the withdrawal, substitution or ex- change of any and all collateral securities, and of property pledged, assigned, transferred or otherwise held for its account or as collateral to any note or notes executed pursuant hereto, which withdrawal, substitution or exchange may be made by the bearer of any receipt or request so signed. 7. That the officers hereinabove named or any one of them be and each of them is hereby authorized to waive presentment. demand, protest and notice of dishonor or protest of any note, draft, bill of exchange or order for the payment of money drawn to the order of or belonging to this Corporation, to give instructions in regard to the handling or delivery of any negotiable or non - negotiable papers or documents involved in any of said transactions, and to act for this Corporation in the transaction of all its business or for its account with said BANK 8. That this Resolution shall be in full force and effect and binding upon this Corporation-OE tirifshatl have been -rescinded and`written notice of such rescission under the corporate seal of this Corporation shall have been delivered to said Bank. 9. That SAID BANK shall have the right to net -off and charge, against any account of the Corpor- ation or any assets of the Corporation held by the Bank as a custodian or as collateral, any liability at any time existing and howsoever arising of the Corporation to the Bank, including costs and reasonable attorneys fees incurred by the Bank in responding to any legal action involving the accounts or assets of the Corporation. And I do further certify that the above Resolution has not been in any wise altered, amended or rescinded and is now in full force and effect, and further certify that the following persons have been elected, have qualified and are now acting as officers of said Cor- poration in the capacity set forth under their respective names, and that the true and genuine signatures of the officers of said Cor- poration hereinabove authorized to sign and endorse checks, drafts, etc., and borrow money in the name of this Corporation from said Bank appear on the accompanying signature cards, each of which have been identified by the signature of the secretary of said Cor- poration. EgIK 4.1 :- FNiayI3o': ` Richard A. Kwasne ,kinca�xxx Clerk: Charlene H. Siroller. rr u inistrator: Steven A. a:1SESU<C[RER Trr- �nsnrpr: Jean M. Nona Jones .. AD t Imprint Seat of 'Corporation,flere. INDEPENDENT FORMS SERVICES. INC. FORM 4-104 -203 IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Corporation this day of D 19 Secretary Mayor Richard A. Kwasneski Village' Clerk Charlene M. Smollen Administrator Steven A. Jones Date: To: From: Re: LEMONT Village of Faith 418 Main Street • Lemont, IL 60439 -3788 (708) 257 -1550 Fax (708) 257 -1598 May 9, 1995 Steve Jones Jean Nona Investments ITEM V.C. Trustees Barbara Buschman Alice Chin Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert On April 24, 1995, I sent letters to the three local banks informing them that the Village wished to invest $350,000 for 6 months and $350,000 for 1 year. I received the following quotes. Institution Lemont Banking Center Lemont National Bank NBD Bank /Lemont Comerica Bank Harris Bank /Hinsdale Prudential Securities 6 mo rate /yield C.D. C.D. C.D. 5.83 (r) 5.72 (y) 5.90 (r) 6.07 (y) Treas 6.05 (7) C.D. 6.20 (r) 6.40 (y) Treas 6.05 (y) 1 yr rate /yield C.D. C.D. C.D. 6.03 (r) 5.93 (y) 6.05 (r) 6.05 (7) Treas 6.32 (y) C.D. 6.40 (r) 6.60 (7) Treas <6.30 (y) I contacted the local banks and they all declined the opportunity to requote. I made the investments on May 5, 1995 at the Harris Bank /Hinsdale. cc: Rick Kwasneski Barbara Buschman Alice Chin Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert 1 4s-105 -01085 AND 105 -01086 RESOLUTION 3 5a1 Certified Copy of Corporate Resolutions and List of Officers I, the undersigned, hereby certify that I am the duly elected, qualified and acting Secretary of VTT,T.AGE OF T,EMONT , a corporation organized and existing under the laws of the State of IL , and currently in good standing, that as such Secretary I am the custodian of the records and seal of said Corporation, and that a duly called and regularly held meeting of the Board of Directors of said Corporation, convened and held in accordance with law and the By -Laws of said Corporation and pursuant to requisite notice, on the 22nd day of May , A.D. 19 95 at which meeting a majority and quorum of the Board of Directors of said Corporation was present throughout, the following resolution was adopted by the affirmative vote of a majority of the entire Board of Directors of said Corporation, to -wit: BE IT RESOLVED: 1. That HARRIS BANK HINSDALE, N.A. (BANK) be and it is hereby designated a depositary in which the funds of this Cor- poration may be deposited by its officers, agents and employees and that they be and each of them is hereby authorized to endorse in the name of this Corporation, for deposit and collection in and with said Bank, checks, drafts, notes, negotiable instruments, orders for the payment of money and other like obligations issued or drawn to or owned by this Corporation, and that such endorsement may be written or stamped endorsement of this Corporation without designation of the party making such endorsement. 2. That said RANK be and it is hereby authorized to honor, pay out of the funds of this Corporation on deposit with it from time to time, and charge to any account or accounts of this Corporation with said Bank all checks, drafts and orders for the payment of money drawn upon said depositary and signed in the name of this Corporation by its mAYOR OR AT)MTNTSTRATOR AND TREASIRER or (NOTE_ 7 OUT OF 3 SIGNATURES REQUIRED) or and countersigned by its without inquiry into the circumstances of their issue or disposition of the proceeds thereof whether said checks are payable to cash, bearer or to the order of this Corporation or to any third party or to the order of or endorsed or negotiated by any officer or person signing or countersigning them or to any other officer of this Corporation in either his individual or official capacity and whether they are deposited to the individual credit of any officer or person signing them or of any of the other officers or persons or not. 3. That the N/A and or and or of this Corporation be and they are hereby authorized from time to time to borrow money from said Bank in such amount or amounts, for such length of time and at such rate of interest and upon such other terms and conditions as said officer or officers may deem expedient, and to evidence the indebtedness thereby created by executing and delivering in the name and on behalf of this Corporation promissory notes, judgment promissory notes and other like obligations of this Corporation, signed in the name of this Corporation by the officer or officers designated above; and to assign, deliver, mortgage and pledge as security for the payment of said notes and other obligations any property or security now or hereafter owned or held by this Corporation, and to give and grant to said Bank and its assigns full power and authority to sell at public or private sale any property or security owned or held by this Corporation so pledged with said Bank, without demand, notice or advertising, whether prior or subsequent to the maturity of said note or notes, which note or notes or other obligations shall be in such form and shall contain such other and further terms, provisions and conditions as may be deemed proper by such officer or officers ;and said officer or officers is or are further authorized to discount with said Bank the notes and other obligations issued to or owned by this Corporation. 4. That the said Bank shall not be in any manner whatsoever, responsible for or required to see to the application of any of the funds of this Corporation deposited with it, or paid by, or borrowed, or withdrawn from it pursuant hereto. 5. That the officers hereinabove named or any of them be and each of them is hereby authorized to endorse for negotiation, negotiate and receive the proceeds of any negotiable instrument payable to or belonging to this Corporation and to sell, assign, transfer, set over and deliver, and to endorse for sale or for transfer any and all securities, registered bonds, stock certificates, interim, participation and other certificates belonging to or standing in the name of this Corporation. 6. That the officers hereinabove named or any one of them be and each of them is hereby authorized to withdraw, receive and receipt for and withdraw upon trust receipt on the responsibility of and at risk of this Corporation, and to sign orders for the withdrawal, substitution or ex- change of any and all collateral securities. and of property pledged, assigned, transferred or otherwise held for its account or as collateral to any note or notes executed pursuant hereto, which withdrawal, substitution or exchange may be made by the bearer of any receipt or request so signed. 7. That the officers hereinabove named or any one of them be and each of them is hereby authorized to waive presentment. demand, protest and notice of dishonor or protest of any note, draft, bill of exchange or order for the payment of money drawn to the order of or belonging to this Corporation, to give instructions in regard to the handling or delivery of any negotiable or non - negotiable papers or documents involved in any of said transactions, and to act for this Corporation in the transaction of all its business or for its account with said BANK 8. That this Resolution shall be in full force and effect and binding upon this Corporation until it shall have been rescinded and written notice of such rescission under the corporate seal of this Corporation shall have been deli..ered to said Bank. 9. That SAID BANK shall have the right to set-off and charge, against any account of the Corpor- ation or any assets of the Corporation held by the Bank as a custodian or as collateral, any liability at any time existing and howsoever arising of the Corporation to the Bank, including costs and reasonable attorneys fees incurred by the Bank in responding to any legal action involving the accounts or assets of the Corporation. And I do further certify that the above Resolution has not been in any wise altered, amended or rescinded and is now in full force and effect, and further certify that the following persons have been elected, have qualified and are now acting as officers of said Cor- poration in the capacity set forth under their respective names, and that the true and genuine signatures of the officers of said Cor- poration hereinabove authorized to sign and endorse checks, drafts, etc., and borrow money in the name of this Corporation from said Bank appear on the accompanying signature cards, each of which have been identified by the signature of the secretary of said Cor- poration. ; 1MX MAYOR: RICHARD A KWASNESKI SECRETARY fqvglimigggi ADMINISTRATOR: STEVEN A JONES TREASURER JEAN M NONA (SEAL) IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of IMPORTANT: said Corporation this day Imprint Seal of of 9 Corporation Here. ecretary