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/ <br />i <br />xESoLuTIoTr No o 10,1.` <br />BY iVIR$, <br />k RESOIoUTION DESTGNATZiVG CENTRAL NATIONALL BANIC_ OF CLEVELAND <br />DEPOSTTORY F4R. THE VILLpGE 0F TVlAY.E'IELD <br />WHEREAS, under date of 3une 21st,., 1937g tLus Council by ReSolution <br />Noa iao invitea bids for a contract as depasztory far the _ViLage of Mayfiela <br />for the active fun.ds thereof and in said Resoluti.on estimatecl the presbable <br />amount of active deposits to be made at the beginning of the period of <br />designation and the prabable max3mum amount of active deposits subject ta degosit <br />at any time durin.g the period of designatian, and <br />WHEREAS, Unaer date of July 1 L?. 1937, Centsal National Bank of <br />Cleveland offe?°ed ta beeame depository for the fUnds of this Village ancl offered <br />to give secur3.ty therefar in aecordauce with Iaw, and <br />WHER,EASp the bid of Gentral Nationa.l Bank of C1evel.and was the only <br />bid received by thi.s Council therefor, and <br />WHEREAS, all praceedings trere had in accordance s-ith Secti€rn 2296-1 <br />Et seq. of the General Code of OhiQ, <br />NOt9., THEREFORE, BE T^1 RESO%VED BY THE COUNCIL OF THE, VILI,AGE OF MAYFIELD, <br />CUYAHOGA COUNTYs 01110, Thatt <br />Secti.on Io Central Natianal Bank of CleveZand be, and it hereby is <br />designated ta bE the deposa.tory of the active fands of the Village of Mayfield <br />fo-r the pera.od of tvco (2) years, cammencing Augu.st 23, 1937 and ending August 22, <br />1939. <br />Section 2. ^1he Vil2age Treasurer is hereby directed to cause the <br />active f'un.ds of the Vill.age to be deposited i.n Central IVata.onal IIank of Cleveland <br />upon the terms a.nd ccnd.itions setjarth in the afaresaid. bid of Central Tiatior_aZ <br />Bank of C1evelarid, datea July 1957. <br />Section 3. The Village Clerk be, aazd. she hereby is directed to <br />certify a cap3r of this Resolut3on.. to- the Village Treasuser and a copy thereof <br />to Central National Banlc of CZevelan.d. <br />Sectian 4. This ResoZuticro shall take effect an.d be in force from and <br />after earliest per3.od a1lowea by I.awa <br />Passed the 19th day o#' July, 1937. <br />Attest. <br />. liayor - President of Council <br />(SEAL) ! Clerko ??m.