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34-93 Investment Agreement w/ County
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34-93 Investment Agreement w/ County
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Last modified
5/14/2013 3:06:21 PM
Creation date
9/5/2003 7:03:02 AM
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Template:
Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
7/19/1993
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EXHIBIT <br /> <br /> (Municipal Corporations) <br />S. A. F.E. INVESTMENT AGR£~--MENT <br /> <br /> THiS AGRE~ENT, dated as of <br /> <br />1993, is made by and between the County of Cuyahoga, Ohio (the <br />County) pursuant to Resolution No. <br />County Commissioners of the County on <br />1993, and the <br />pursuant to Ordinance/Resolution No. <br /> <br />adopted by the Board of <br /> <br /> , <br /> <br /> (the Municipality), <br /> adopted by <br /> <br />the <br /> <br />on <br /> <br />circumstances: <br /> <br /> of the Municipality <br /> <br />, 1993, is made under the following <br /> <br /> A. The County and the Municipality each are authorized <br /> by Section 307.15 of the Ohio Revised Code to enter into this <br /> Agreement by which the County, acting by and through the County <br /> Treasurer, will, in accordance with the terms and conditions <br /> hereof, exercise certain powers and perform certain functions <br /> re!atinq to the investment of public moneys on behalf of the <br /> Municipality. <br /> <br /> B. The Municipality has and will have during the term of <br />this Agreement public moneys of the Municipality available for <br />investment until such time as they are required to be spent, and <br />the Municipality wishes to provide for the investment of those <br />moneys at the most advantageous rates of return that can be' <br />accomplished consistent with safety of the principal and all legal <br />requirements and restrictions. <br /> <br /> <br />
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