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RESOLUTTON Noe ID o B 1 LVLL L e ? <br />A RESC}LUTIOiV 1 ROVIDIiVG FOP, THE DESIGNI'iTION OF <br />PUBLIC DEPOSIT4RTES r'QR THE VIT,T,EiGE OF PJIAYFIELD. <br />BE IT RESO"LVED by the Coun.cil of the Village of Vayfield, Guyahoga <br />County, Ohio, thata- <br />Section 1. It is hereby determined the aggregate maximum amount of the <br />inaetive deposits of publ3c moneys of the Village of tJiayfield, for the period from <br />kugust 23, 1937 to Augttst 22, 19399 wi11 be naught. <br />Section 2. Tt is hereby estimated tnat the probable amount of active <br />cieposits to be made in and among the eligible depositor3.es at the beginning of the <br />period of designation wi11 be 6 15,000.0_0 _____ ; and that the probable maximum <br />amount of active deposits subject to deposit therein at any time during the period <br />of designa.tion will be ? 50,000.00 . <br />'Section 3. Such banks and institutions as shall be eligible to become <br />public depositories for this Village9 shall, not later than July 19th, 1937, make. <br />an application in vrriting to this Council ior such public deposit5 as they desire <br />and such application sha11, in all respects, conform to the requirements of <br />G. C. 2296-1 et seq. <br />Section 4. The secucity to be furnished by public depositories for the <br />re-payment of public moneys under the control of this Council, shall be in con- <br />formity to G. C. 2296.-15ra.. <br />Section 5. This Council will designate public depositories from <br />applications as provided for above at a meeting on July 19th, 1937e <br />Section 6. This Resolution sha11 take effect and be in foree f'rom <br />and after the earliest period allovred b,y law. <br />Passed the 21st day of June , 1937. <br />Attest: Mayor ?,President of Council. <br />(SEAL) Clerk. <br />CLERK'S CERTIFICxTE. <br />I, EULALIk S. BENNETT, Clerk of the Village of iJla,yfield, Ohio, herebv <br />certif,y that there is no newspaper printed in said municipality, and that publica- <br />tian of the foregoing Resolution No. (0 d tivas duly made by posting true copies <br />thereof at the five most public places in said municipality as determined b,y <br />the Council in Ordinance No. 8 passed April llth, 1921. <br />( SEAL ) C lerk .