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<br /> _ _ _ I <br /> _ J ~ > <br /> I <br /> IigS~I,L~PSOFd 33~ ~ Tdr. pawson <br /> I ~ E1~'1tQt'.NGY ft83~LtPCI~ authorising withdrawal of seourities are <br /> deposit with! and the eubetitution of other sscuritiea with! The Yederal <br /> iseserYe Ber,3s of Clevela~t as Trustee for safokeepi. <br /> St to •eoure tba deposit 111' thlAdtt Ot' the City of Lake~rood in , <br /> The Glevelend Trust ~ompasay, mnder dex+sitory desip~nation tetmi~sati~! <br /> pursuaat to iienoral Dade Scotian 229-11s on JEme y0, 1$l~9f certain obli~a. <br /> Lions of the united i~tates of kmerica have heretofore been deposited and <br /> j . are rlox ~ de;xasit with the pedera]. Reserve c of Cleveland Sor safe3ceeping! <br /> end <br /> ` RI3ETdSA9t said bank bas requested this subdigisi~sn to authorise said <br /> Y'eGea~sl Reserve k of Cleveland to permit substitution of aecurltiew 9ss <br /> such safekeepinei account and this snbdiviaian has detex~uxined that much <br /> autPuar3sation 3a feasible sand pamper on the terms hezeinafter s+~t forth, and <br /> I <br /> i 4~IF:l?~A$, thin resolution constitutes a>3 ergoncy in that said publiq <br /> depository ham desi.~Jaeted The F'srleru2 ReservE Hark of Clevelemd as Trustee <br /> I elnd desires ~arovie3orts made for the exchange and release at securities and <br /> " Labe substitution of athor securities! s11 ae ~Jra~rided by tTae Uniform Z~rwsitoxq <br /> " Act of the Stsa¢.c of ~shio, and itt that it provides for the uauai daily cr,Jeratioal <br /> of a mntsic3pal de~rtment, nowt therefore! <br /> ~ Y3~ i4 }is'":9I.Cf~ RY 4`:~a, C+)~TG'LT. i}F u^Z'~Y' t`A" IA~x''%tJ'a~~, 5'#`F>'i`~ ;3r Ck~lI~3 <br /> wection 1. 141st The >?edsral "deserve Ban'Js of Cl~=vel~nci be, sad it <br /> gg is tsezbpbe~yy, aAAuYt'appa~~r9naed~pantr~sn}yr~teameydlr3nA the par3od ^ar~aSdira„tJune~,p~Ot~},1,9T1tga to) <br /> 3 per,~it TRJu VL.k.F 7afi~AEil iiLrJ ~.'A WVwdA~i td ~th an~ (}`91yYSatiaZ}N Wi WW V41te~L <br /> States of kJ~,rica now or k~ereatte+r Quring the afaresaict period on deposit wlth <br /> The >~ederalS~eerve Ha~aak of Glevslffind for asfe3cosp3n~ far t2~~ acaouarG cf said <br /> bank and this eubdiviexian! provided that said bank sha11 at; LhL Same t3md <br /> j deposit in sueih safekeeping account with tt;e Fbdaral 2bsserve bank oS Cleyel,snd <br /> in substitution fc~ t'w obligations so withdrawn, other obll.4ations of the <br /> iTnited States of Amarioa of an aCBremats market value not. less thaw the oblige.. <br /> Lions sa withctrawn. l~rket value shall be that prevai]~ in the L3ow Yox9e <br /> market at the closes an the bva3,ness day next precedis the dog upon which <br /> substit*atian is etfects~d. <br /> j :action St. -That the Director o~ Finance as Trepasu_+^r:r ad' the City of <br /> e i E.aice`aaw is hereby directed to certify a spy of this resolution to <br /> F'®d©nnl T,~esarve kink of Cleveland and tra 11ae Cloveland '~xust Coat~a>f. ~ . <br /> ~ _ <br /> ecti.~n Th3.s resalutiaat is hereby dezclared to b4 an e~rgezury <br /> measure for the reasons et~te8 in the preamble hereof andt provided it racoivs7~ <br /> t}ae afty.rJSaative troto of tsoa»t?3lards of all mc+~epc~ electod to wa:mail, it shae7.t <br /> ! take effect and be in fame ita~nedieetoly cpon Its adoption and ~ ~proesl. b;~~ t~ <br /> i°'bYor. <br /> ~ kdo;~stedt Jnly 191x7 <br /> George F. Quinn <br /> _ 8 U`eh 0 OLdnC <br /> Vice <br /> Approvadt Ju1Y Ba 19117 <br /> I H. A. Rees <br /> 4t r.. t'•Oi}n <br /> A. I. gauffman ~ - <br /> _ - <br /> <br />