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3322 - 47 Authorize withdrawl & substitute of securities
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3322 - 47 Authorize withdrawl & substitute of securities
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Last modified
5/14/2013 3:12:46 PM
Creation date
10/24/2007 6:11:07 AM
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Office Of Council
Document Type
Resolutions
Date
10/24/2007
Date Adopted
7/7/1947
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_ ~ ~ <br /> ~dPt`T ~fl. 3322 ~ iSr. DAc(}ill <br /> A~ l`~.`Y i~.#~`rLUTT£~ r~uthorSaeing wlt}utl +at' aeoruritis~s aas. <br /> I 1Re~aasit ui.tha aitd the suibstituti+aa of other aeCUrit~s xitix~ The ~der~~l <br /> <br /> .:a: R~seCVa~sk A;f Gls'~el,axtd has ~ra~atea ;Yba' ~~P83ce4p* <br /> 9 _ Y <br /> -'~fiT+T~A~, to ffie~ the ~oyosit 0~' llrcRds tff thA City Cd"' T° <br /> ~ ixa `L'hpe klaLil ~itq yak mf G1ev~.and, t~dor depository c~ai:ioti f~?z~3asi`i» <br /> iz~„? put'mt3atxt tO L`~Tlo~„ ~.*ada 5rsation 2296-11, cS! Jl$lo 3~, 2.9+LQ! oert~ia <br /> Ohligatiaaxa a1 tlyo ~.testA Stmtes o1' ~rSaB have hox~tofarr'ea bse!i degoeri#4~ <br /> irlti aY'~ fen ds,~sit lvith Fadexs~l R+as@'!'Y8 1la7ils a~ ~et~e9.~it4 ~ <br /> i$FLF.~.~.,t~Sj -~$aiei ~~lIR12ie ~hEe~ rBQii@SteSi stubdl.vieion tr3 :s:2dhari$s~ <br /> i''ede3°37. ~~s~rve 2hsnk oS Cleveland to t~raa9.t substitution oS' saauritia~ im <br /> ` suoka ssfekee~,iry, sacaunt artd this eubd±visian hss dstar~ririesd that eutlh authoir3,tw,.• <br /> tiara ~S fea~ibla and ~mp~r the toxins hereaina2`ter sFZt i'arth, aM <br /> i"~k~ ti}s rasalutian earsstit~ates an ra~:ntsy in 'Ghat aatd pub].it9 <br /> tgc;~itery hazs ciasnl;t¢d i'he Federal Et~K+ssrve ~axxis qS Clavel€utd as 7ruste® aril <br /> s3ssires pravsi:ms merle for the a~cahau_ne and x^eler~se of ~a2srities and tiffs <br /> at#ubsti'Gutizrn of atiaesr seeuritiesd all a:a pxovicRod by the ilnigox~ iepol~itory <br /> ~~et of tksa estates of ~~hios a~ in that i.t. pravidas i'ar tine usual daii,7 opearatie~ <br /> of a muni.?.1 e~pertment, n~ ta.erufora, . <br /> 715 I2 l~u'~T.'6' $Y'YFII' C+~T~IZ, 8F Till GI1"X ~31T 2~Ai`?`.`GCl?, ffiS:fi'gi OF 1~llAt <br /> ~eeticm 1. ah3t the ~'mderr,;1 F~+3x've ~Zj:: 03' C1v~l~~rni bey an1'i it <br /> i.s h®z~by, authariaed at anq time aux3tt~ the psrvd 8ndiztg Junin 3n, 19119s <br /> prarmi.t The 3~ati~asia3, Gity ~k of Cl€.reland to ~.thdrtivr ax~,y oi}la.~,°atians ttf the <br /> tlnite8 Etatccs of .erica noxr ax heapafter d-~rizsg the aSorosaid period on <br /> depasit ~i#ls The Fs~cieral Reae~rvu 2i,~ak of Cleve~lrsnd for s+~`oksetpir~ for the <br /> account of said be3;k azsd Chia subdivisivtt~ provided that srid bank shall &t <br /> flea sa~4 time 'e..apo8it in s=ach safekeerpit~ aaarauht with t:~e 2~edearal ~sexroel iii <br /> of Cl~~v®la~afl 3n su'bstitution for the obli~stio~ sp ~itluirst~xe, otiser abl:at~sae <br /> oS th® i7nited ~#a~tes of Ar:~rioa ox an a:"s~ats market vrAl~ie not less tlat}a~ the <br /> o'Yr13~;ations sa wit3rtdravm ~arke?t value shall ba tb~t prava.lixe~ ix?'the <br /> 1~e~^.~ 'ark sserl}et at thej aloe ore the businesm day- z~et g;racseling the day ~pea3 <br /> x~.~ie~~ subaatitutiasa ig9 efi`aeteII. <br /> RectiO!!2. ~°]at the nir9etax' Off' F1ria_nsee aS Tr3asurer a~' fife City 9~' <br /> I.eskewood iu hesrsby cirQO#.sd to certify a conq of this resolution to Rhe s~ecierat7. <br /> Reserve 'tTarilc of Cleveland and tc? Tiaa HatiaYal Gttq ~snk of Cleveland. <br /> ~ution 3. Tizie resolution is isercahq deolare:d to t~s aark smsrl;~rsoyr <br /> ssda tar tho rea~aons staated in t~se preaFable hereof axui, provided it t~essives <br /> tip aYfixtive vate of twcr-tkirda at all members e3lsotari to Caut~twlli it eha11 <br /> teei~.e effect and brs in farttn id`~te>tity' upon £ts ac~7Cian earl ax~roval the <br /> ~°;aytar. <br /> Jul.q 7, 19l~? George F. 4~uinn <br /> lsc?a^t~3c!! <br /> ice- s 'mnt of wouxxs <br /> Julq 19117 g, p, Rees <br /> ~dpravects <br /> c. o a~axc <br /> A. I. %auffman <br /> <br />
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