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RFSOLUTION No. 208 <br />SY Mr. Endress <br />A, RESOLUTIOIJ DFSIGNATING NATiONAL CIfiY BANK <br />0F CLEVFLAND A DEPOSITORY F(?R TFE ViLIACE . <br />OF MAYFIELD.1 <br />VaMF.As, -the gillage of Mayfieldy because of the program of <br />constructing_water mains, lias and will have excess active fUnds whieh <br />wi.11 requi.re th.eir deposit; and <br />- WHER;CAS, the National City Bank of Cleveland' a national bantd.ng <br />association., has appli.ed to aet as, the depository of sa3.d excess funds <br />under the texms of the Uniform DepositorSr Act of 0'h3.o, aad has compli.ed <br />with ths terms of said.Act. _ <br />fiTOW TFEftEFC?RE BE IT RESULVED 8Y THE COUNCIG OF THE VIGLA.GE OF <br />BdAYFIELD, CUYAHQGA COUNTY OHIO, THAT.: <br />Sec.- -l. National City Bank of Cleve.land, Ohio, be, and it <br />hereby is, ces3:gnated to be a depvsitory of acti.ve fnnds of the Village <br />of Nfayfield for a period camenc3ng August 18th, 7,952, and eneU.ng <br />August 22na, 39539 <br />Sea 2. The ViLlage Treasurer is hereby directed fi.o cause <br />active ?`' 'uncT'?s of the gillage,. particularly th4se arisiug out of t,he <br />construetion of water ma3.ns, to Ue deposited i.n the National City Bank <br />of Cleveland, upon the terms and conditions set forth in the offer. of ' <br />the ? Nationa]. City Barik of Cleveland. <br />Sec. 3. The Qill.age Clerk be, and she hereby is, dirocted to <br />sign a emorandum of Agreement for deposit of public f'tuids -with the <br />National City Bank of Cleveland. <br />Sec. 4. This Resolution sha7.]. take effect and be in force from <br />and after-fNe ear].3.est period al],owed by law. <br />Pass ed this 15th day of Septe#er,1952. <br />Attest: Mayor,,-,.President of Council <br />TSeal) C ers