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I <br /> k I i <br /> T.">Uitrl`~2~ l~J. 3321g~ 16r. Grotenrath <br /> ~~_,tdt'Y sGLCtR'IG4I autAoriaing xitla8rasrsl of eaauritiea oa <br /> de}x+sit rrj,th~ stad tfas substitution of other securities trritrzy Tire 'l~sderal <br /> ~taserea Bar~lc of C7.aveland sa firsaates,tor;aaf'el~aep3~ <br /> 'kaki to se~tre tkta dnpaelt et !"tmdn of t2ae City of Lalceovood <br /> ixa T4ae iJn3.on l~ of Gom~narae ~y seder de~aositasy dssi~matfon <br /> terreinatin~~ ~+uraat t® Ge~I CoQa ~ct2aa ~~4d~1' are ,ituxa 14~9A- <br /> 1$ertrs°aXi ®bli,~atiOna Of the t3nited ~'~,A' 0~ ~ffi9Y`S.C6 b@t9~ ~Yal'6~t0~`Or8 ~r¢BI'1 <br /> depeaited and are Haar art d~ndsit ?rit2a t2ae ~derm7, &sserve l~arrk of ' <br /> Clevelsad .:for aE+"eksepitt~ and <br /> ~ ~H£2i~t5, said Dsak has requested thi8 sarbdivisiora to suthoriza <br /> said ~aaderal i~ssrva B®azk di' tiya'aelattd to permit sat~$titution of aeesuritimB <br /> y in such tt.,¢ekecsplS~ soaourat seed th9a subdivision deter.~ined float sash <br /> I autiaarialatiora is iea~ible Arad proper ~ tfus tezms Yxert,inatter set farth~ <br /> i atad <br /> '~t~:;E:r,3a this resislutiora constitutes sn emergeza4y in that :said publ3aa <br /> depository h~ dees~~xsated The xedersl peserve Trank aY Clevoland as Trastee <br /> a:;d dWa3rea provisions made far the arcchanrxe a~ release of securities and <br /> ~ the substitution of ether securities, ell as pso*ri.ded by the t1$ai1"ax~e pepcsitory <br /> ACt of tLae .itmte al ~haio~ and in tkaat it Tsrovidas i'cr this usual da11v vsaes~xticm <br /> pi` a mun~:¢ipal department, mart th:refore~ <br /> , l~ I1` 1t' a~T..V~:'b SI TfL~ Cf~tThvlL X31? fil1R GZTX a~F i~~x~;~ fit;>, +.r.'IS~is <br /> j : satisn 1. 2haat ~ths federal 3ivss¢rve Baa~-~is +9t s%lev~zlaaad bey seed it <br /> ie iserabya aixtr~orized at any time durir~ trap perS.od erx3ia~ June 191x9, <br /> I to permit iifil:Rl ~ai~,"1? {9F G~~~~:.i~ C:'.~'Ta"X to ~itYidrr~sr arz,~ obl3.~tti~no of <br /> j tree 13nitea Stat~:s of fvaarlaa rao~ ar hereafter d~=r3n~ the aforesaid period <br /> on de~i~ssit Tvitl'i R'Tre fesQeral Reserve .cr°.k vai` CleveltFtuS Ycaz~ s::feke:r~~in; ibr t4t8 <br /> eeco°.~rat of said barsk acrd tisSa aiabc~iv3sS,on~ pr:svided tl~t said ba.,k shall at <br /> the ffimme time de,~asit its such safekeop3n~ aecaunt ritla The t~adoral 1?egca~s <br /> Faa::k oP Glevcr9.and in svbstit:anon for the obl;.t"ations so saitladras~xa other <br /> <br /> x abls;etions oY t~ waited States cf taxe~srieta of ar! tt~~;re;^rate market value nvt <br /> less than the abl~4ations so xithdrs?sa. ifa.r~:4t value sTrttl7, be tTrat preva;l3pg <br /> ixt the ~E~ Fork marF~t st the c7.oso pa tk~ business day zeax$ preaedin~ the day` <br /> arson ~i:alz euL~stitrrtian is e3'9°eated. <br /> ueastion t. 2'laat the l~raotor oP X~,tlarce ss Trens:u^mr of the s.ity of <br /> 7~a?;.ev»~aad 3s lrarcby e93rected to ¢er4:Lfy a copy of dais reaolutl,on to 2'Iao 3~ ersl <br /> ~Ceserve Bank of Gleveland anti to The Gnlott ~5a<trak v~ Cnr~¢roe Gat~rsarilt. <br /> j <br /> section 3• R'h~.a resolutian is heare~y c?eolr_red to be an rsrrr~ercy <br /> measru°e £or the reasurs stilted in the rrea~u'ole .'xereof asi~la ~rovlded 9.t reaai~ros <br /> t?zs effiraa'~•Sv; vote of t~ra-t`;zi.rda ©t all me~.nbea°s elected to ~vcunail, it aluail <br /> take e,ftect sued be ixt Yoree ic¢~.~ediately upon its a~ro~:ti~srr an:k srprova]. by the <br /> a~ayor. <br /> { July 7, 194? George F. Quinn <br /> ~,dorsted e <br /> ~ vC~ dent of Council <br /> July 8, 19>?? H. A. Rasa <br /> Apprervedr <br /> b asw; o ~o~,uacil <br /> A. I. %auffmsn <br /> - - _ <br /> <br />