Title
AN AUTHORIZING RESOLUTION FOR THE TRUST AND CUSTODIAL ACCOUNTS AT FIFTH THIRD BANK
Body
WHEREAS, the Village of Orland Park, Cook and Will County, Illinois (the "Village") is a municipality and a home rule unit of government duly organized and validly existing under Section 6(a) of Article VII of the 1970 Constitution and laws of the State of Illinois; and
WHEREAS, the Village of Orland Park utilized Fifth Third Bank for all of its treasury management services, including but not limited to custodial accounts maintained to hold various investment instruments purchased through the Village’s investment managers
WHEREAS, Fifth Third Bank requires the passage of a resolution authorizing certain Village officers and employees to execute any and all documents related to these custodial accounts.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK:
SECTION 1
That any two of the following officers and/or employees of the Village are authorized and directed to:
Enter into, complete and execute, on behalf of the Village, any and all documents necessary to entering into an agreement with Fifth Third Bank for trust, agency or custodial services, and
Take all actions necessary to carrying out the provision of any such agreement including, but not limited to, transferring, selling, and assigning stock (if applicable) and transmitting instructions to Fifth Third Bank regarding the investment and/or distribution of funds.
Authorized Officers and/or Employees - Village President, Finance Committee Chairperson, Village Manager, Finance Director, Assistant Finance Director
SECTION 2
That the officials of the Home Rule Unit are hereby authorized, empowered and directed to take all necessary or advisable actions in connection with the execution and implementation of this Resolution.
SECTION 3
That this Resolution shall be in full force and effect from and after its passage and approval according to law.