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E?RDIxmm ito. 11-2. <br />$Y MR a <br />AN DRi3iNAIrTCE' ACCEPT7NG B'ID 02 TI-3E CENTRAL LTNI't'ID . <br />NATIQNAL_. BANK. QF CLE?ID FQR.A CONTRI??? ?? <br />DIP, Q'S%TTQRY OF THM PtBLIg" FtTNDS, <br />`VPM+RFAS,, this Goiznc'il baz, Yieretafore directed the 4'iT]:age Clerk <br />to adve:rtis.e-.far- bids f'or- a e_antraet with the. YilTa;ge `fox, the depasiie <br />a£ ,tI1e.,public.'f-undse and - <br />WM,,RF.&S, due a.dvextisement Yas beera made. acco.rding. to lawo and <br />. . <br />xiIL.ma, the Centra-Z UnitecT NationaI: Banls of Clevc].anc1 a Ohio., <br />Ya's off ' exed._to e-nter int.o a, contraet viith the ?t`i..lage tv ae't as <br />Deposita? arad. bat affe?cecl ta pay interes? at- th? rateof twQ and <br />one?-?,lf per centum 121) per annum vn daily baZanc es8 computed and <br />creclttecl mor•athly a.nd,.ta.depos;it seeurity acc:eptabTe to said Vil1..age <br />in ac-carda:n?e with law ta a.ss=ure the repayment o£ said deposits Qn <br />demand s a.nd. <br />wImm MS, said bid filed by the. CentraZ Unit.ect Natiail Bank of <br />Cleveland _is: the highest and best. bid: receivecl. by t,his Gouncil there- <br />fo r; - NOW, T?3?'FQR?a I3Fi IT ORD1?IIdID ?y fn.?18 CQ:uncil of the: Vil1age of <br />Yayfieldg. Cu.yahaga..County, .(}hio,, that.° _ <br />Sedtian 1. The bid of the C6ntra.l T7nitec't National Bamk af <br />. . Cle:veland_ fo.r a contra:e.t with. this Til?::age. fo?r <br />the depa:sit o.f publ.ic gund.s be and the sam here.by. is a.eceptee3:. <br />Section 2. .The: Mayor a.nd -Vil7.age C.ierk b'e and they b€:-reby a.re <br />a_uthorized and. instructed. to: enter into a c,ontract- <br />wit.h said: Gentral Uni4ed 3iationaT Ba,nk af .C1eve1a:nd f'or a: period ag <br />t.hree years far t-he deposit of public funds in accordance with the <br />provi.si.ons of the nfter submitted by said bank. <br />Sect.ion 3@ The V'ilIage Trmturer Ue: ancl he hereby ia, dixeated <br />ta ca°use the:.Publi- Funds af the V'illage to be <br />d:epasi.ted in- said. Cent:a.l Iini.teci Nat.i.onal. Bank of CTe.veland when such <br />c.antra.ct has. °been fintere.d. Lnt:o. <br />Section 40. This Ord.i.nanca is hexeby d.:ea-lared t:o: be an emer- <br />genay.ordi.riance{ ne:aessary far the: immedi:ate <br />preservatian a.f the- public health a;nd safety- for rea.sans a.pparent <br />frortt the contents of this Qrdi.nance.. <br />Pa-ssed the,1l:Zth day o:f August, A. Do 1930. <br />Attes.t. <br />Kayer -PrES id en t of C-ounc i]:. <br />S?? C e r ..