HomeMy WebLinkAboutResolution #1187
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RESOLUTION NO. ~~
A RESOLUTION APPROVING THE APPOINTMENT OF A SUCCESSOR TRUSTEE
WHEREAS, the Legal and Ordinance Committee has determined that
it is necessary and in the best interest of the City of Canton
that a successor trustee be appointed as more fully set forth in
Exhibit A hereto attached; and,
WHEREAS, the Canton City Council has made a similar determination.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CANTON, Fulton County, Illinois, as follows:
1. That the Canton City Council hereby finds the foregoing
recitals to be fact.
2. That the attached "Appointment Of Successor Trustee",
Exhibit A to this Resolution, be, and the same hereby is, approved.
3. That the Mayor and City Clerk are hereby authorized and
directed to execute and deliver the same on behalf of the City of
Canton.
4. That this Resolution shall be in full force and effect
immediately upon its passage by the City Council of the City of
Canton, Fulton County, Illinois, and approval by the Mayor thereof.
PASSED by the City Council of the City of Canton, Fulton
County, Illinois at a regular meeting this 16th day of pPCPmher
1986 upon a roll call vote as follows:
AYES: Aldermen Bohler, Workman, Zilly, Kovachevich, P1ayor
Edwards.
NAYS: Aldermen Chapman, May, Sarff, Steck.
ABSENT: None.
APPROVED:
Don-al E Edwards, Mayor.
ATTEST:
Nan Whit s, City C erk.
APPOINTMENT OF SUCCESSOR TRUSTEE
THE UNDERSIGNED are the holders of a majority in
principal amount of the bonds issued and outstanding pursuant
to a certain Indenture of Mortgage and Deed of Trust by and
between the CITY OF CANTON, ILLINOIS, and CONTINENTAL ILLINOIS
NATIONAL BANK AND TRUST COMPANY OF CHICAGO, as Trustee,
dated March 1, 1979, with regard to the following described
real estate;
Commencing at the Southeast corner of Lot 108
of the Original Town Addition to the City of
Canton, Illinois; thence South 33.0 feet; thence
West parallel to the South lines of Lots 108, and
107 of the Original Town Addition to the City of
Canton, Illinois, 216.5 feet; thence South 63.0
feet; thence West parallel to the South Line of
said Lot 107 and 107 extended, 61.5 feet; thence
South 8.0 feet; thence West 85.0 feet; thence
North, 8.0 feet; thence West, 16.5 feet; thence
North parallel to the West lines of `Lots 107
extended, 107, 98 and 95 of the Original Town
Addition to the City of Canton, Illinois, 367.0
feet; thence East 124.5 feet; thence South 152.0
feet; thence East 275.0 feet; thence South 60.0
feet; thence West 20.0 feet to a point on the East
line of said Lot 108; thence South along the East
line of said Lot 108, 59 feet to the place of
beginning.
The undersigned do hereby designate and appoint
THE NATIONAL BANK OF CANTON, a National banking association,
100 W. Elm Street, Canton, Illinois, as Successor Trustee
pursuant to Sec. 1306 of the Indenture of Mortgage and Deed
of Trust dated March 1, 1979, and upon the same terms and
conditions of trust as now in effect (Sections 1301 thru
1307 of said Indenture o.f Mortgage and Deed of Trust).
EXHIBIT A,
RESOLUTION NO. 1187
COMMUNITY BANK & TRUST COMPANY
BY:
Its Authorized Representative
NATIONAL BANK OF CANTON
BY:
Its Authorized Representative
MUTUAL SAVINGS & LOAN ASSOCIATION
BY:
Its Authorized Representative
STATE OF ILLINOIS )
ss.
COUNTY OF FULTON )
I, the undersigned, a Notary Public in and for the
County and State aforesaid, do hereby certify that DONALD E.
EDWARDS, Mayor of the CITY OF CANTON, ILLINOIS; OTTO G.
STEPHENITCH, President of CANTON STATE BANK; GORDON W. LINN,
President of COMMUNITY BANK & TRUST COMPANY; WILBUR D.
MEADOWS, President of THE NATIONAL BANK OF CANTON and
JAMES McCRARY, Vice-President of MUTUAL SAVINGS & LOAN
ASSOCIATION, and personally known to me to be the same
persons whose names are subscribed to the foregoing instru-
ment, appeared before me this day in person and severally
acknowledged that each of them signed and delivered the said
instrument in their respective capacities and as their free
and voluntary act, for the uses and purposes therein set
forth.
GIVEN UNDER my hand and notarial seal this
day of 198
Notary Public
-3-
~~
DATED this day of _ 198
AETNA LIFE INSURANCE COMPANY
BY:
Its Authorized Representative
ATTEST:
STATE OF ILLINOIS )
ss.
COUNTY OF )
I, the undersigned, a Notary Public in and for the
County and State aforesaid, do hereby certify that
personally known to me to be the
of AETNA LIFE INSURANCE COMPANY, and
personally known to me to be
the of AETNA LIFE INSURANCE COMPANY,
and personally known to me to be the same persons whose names
are subscribed to the foregoing instrument, appeared before me
this day in person and severally acknowledged that as such
and they
signed and delivered the sai instrument pursuant to authority
given by the Board of Directors as their free and voluntary
act, and as the free and voluntary act of AETNA LIFE INSURANCE
COMPANY, for the uses and purposes therein set forth.
day of
GIVEN UNDER my hand and notarial seal this
198
Notary Public
CITY OF CANTON, ILLINOIS
BY:
Its Authorized Representative
CANTON STATE BANK
BY:
Its Authorized Representat ve