Laserfiche WebLink
Resolution No. 183 <br />B3T Ma'. Godfxey <br />A RESOLUTTON ESTT.u4ATING THE WnM AMt}M OF <br />ACTIVE.. DEPOSITS. FOR. THE NM T'ff9 YEARS. . - <br />WWMAS9 °the present depository desa,.gua°tion foac the deposit <br />of the public ffioneys of the Village of Mayfield eapires Augast 22ncl, 1951, <br />and the Council is desirous o.f designat3ng an officiaa. depository for <br />the peaaod of Augast 23rcls 1951 °to August 22nd, 1953., inciusive. <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCTL OF THE VILLAGE QF <br />MAYFTEIDs CUYAHOGA CU7N'PY OHIO, THAT: <br />Sec. 1. It is hereby determined that the aggregate mARimuu <br />amount of the inaoti.ve deposits of publica ffioneys of the 1Tillage o€ <br />Mayflield f or the periad.fram. Augast 23rd, 1951 to._August 22nd, 1953, <br />w3.11 be naugknt.. <br />Sec. 2• I°t is hereby estimated that the maodffivaa amount of active <br />deposits subjeot to.deposit tliexeoza at any tieae dux°ing the period o£ said <br />designa°t3on wi4L1 ba $35sQ00e00. <br />Sec, 3. Such banlcs _ and iustitutions as may be e].i}ble to <br />become public depositaries Pox° funds of tlae Village of Mayfield shal.l <br />make writtext app].icsation to the Cotana3.l for sueh public deposi?s a$ they <br />dosire. Such appl3catian.sha.11 itz all respects conforn with the require- <br />ments of Seetioaas 2296-1 et seq ok the Qh3.o General Code. <br />See. 4. The security to be faa°na.shed by public depositoxies <br />for the reapayment of public moneys uiader the coutrol of this Counail <br />sPaa].l confoam with Seota.op, 2296-15 (a? of the Olaio Geuera.l Code• <br />Sec. 5• This Counoil wil7 ciesignate gublia clapositories from <br />applications as provided for above at a meeting on July 16t1a, 19510 <br />Sec. 6. This resalutaon shall take efFect aud be in force f'rom atad aPter the eaY°l3est. pex3od, al7,owed by lavr• <br />Adopted June 18, 1951A <br />Appsoved <br />Attestd <br />SEAL Cle a°k <br />By <br />111"yo ?roPreside?at of Councsil