R E S O L U T I O N
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RESOLUTION REGARDING THE DESIGNATION OF CERTAIN BANKS,
INVESTMENT BROKERS, AND MUNICIPAL INVESTMENT POOLS AS APPROPRIATE DEPOSITORIES OF VILLAGE FUNDS AND AGENTS FOR VILLAGE INVESTMENTS
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WHEREAS, the President and Board of Trustees of the Village of Lombard, DuPage County, Illinois have heretofore designated certain banks as appropriate depositories for the purpose of depositing Village funds therein, and
WHEREAS, it is necessary to amend the list of designated depositories due to various bank mergers and official name changes, and
WHEREAS, it is also deemed necessary that the list of bank depositories be expanded to encompass other banking institutions appropriate for the purpose of depositing Village funds therein, and
WHEREAS, it is necessary to identify brokers which will be used from time to time for the purchase of various investment securities for the purpose of investing Village funds;
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LOMBARD, DU PAGE COUNTY, ILLINOIS that the following banks and investment brokers are designated as depositories for Village of Lombard deposits and agents for Village investments:
Banks
1. American National Bank and Trust Company of Chicago
2. Bank One, NA
3. Cole Taylor Bank
4. First Commercial Bank
5. Firstar
6. Harris Bank
7. LaSalle National Bank
8. Oak Brook Bank
9. Old Kent Bank
10. St. Paul Federal
11. Standard Federal
12. The First National Bank of Chicago
13. The Northern Trust Company
14. Villa Park Trust & Savings Bank
15. West Bank
16. West Suburban Bank
Brokers
1. First Union Securities, Inc.
2. First Tennessee Capital Markets
3. Nike Securities
4. PMA Financial Network, Inc.
5. Prudential Securities, Inc.
6. Salomon Smith Barney
7. Vining Sparks
Investment Pools
1. Illinois Metropolitan Investment Fund
2. The Illinois Funds - Money Market Fund
BE IT F...
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