Laserfiche WebLink
:. ORDiNA:NCE NO. i 36-67 BY: I~esars. Cain~ Gaydos, Hu~fman, <br /> Kelley, Ward, Wendling <br /> <br /> AN EMERGENCY ORDINANCE designating and awardtn8 public funds to public <br />depositories. <br /> <br /> WHEREAS, an emergency exists to provide for the usual daily operation <br />ora municipal department arising from the necessity for providing depos- <br />itories for public funds without delay; and, <br /> <br /> WHEREAS, pursuant to Resolution No. 4573 adopted May 15, i967, providing <br />for the application by banks desiring to becomedepositories for public funds <br />of the City of Lakewood, the following applications were received: <br /> <br /> O ,ACTIV , D POSITS <br /> <br />RATE OF <br />! ER S__T <br /> <br />American National Bank None <br />Capital National Bank None <br />Central National Bank None <br />Cleveland Trust Company None <br />Continental Bank ($600,000 only) None <br />National City Bank None: <br />Society National Bank Nome <br />Union Co~auerce Bank None <br /> <br />FORINACTIVE DEPOSITS <br /> <br />American National Bank <br /> <br />1 year 4.75 <br />90 days 4.75 <br />30 days 4.00 <br /> <br />Capital National Bank <br /> <br />1 year - o - <br />90 days 4.76 <br />30 days 4.76 <br /> <br />Central National Bank <br /> <br />1 year 4.50 <br />90 days 4.50 <br />30 days 4.00 <br /> <br />Cleveland Trust Company <br /> <br />Continental Bank <br />($500,000 only) <br /> <br />1 year 4.80 <br />90 days 4.80 <br />30 days 4.00 <br /> <br />1 year 4.50 <br />90 days 4.50 <br />30 days 4.00 <br /> <br />National City Bank <br /> <br />1 year 5.00 <br />90 days 4.75 <br />30 days 4.00 <br /> <br />Society National Bank <br /> <br />1 year 4,50 <br />90 days 4.50 <br />30 days 4.00 <br /> <br />Union Commerce Bank <br /> <br />i year 4.75 <br />90 days 4.75 <br />30 days 4.00 <br /> <br /> NOWTHEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, <br />STATE OF OHIO: <br /> <br /> <br />