Laserfiche WebLink
RESOLUTION N0. 86- 62 <br />INTRODUCED BY: Mayor Carmen & Council as a WHole <br />A RESOLUTION DESIGNATING THE AMERITRUST COMPANY AS <br />A DEPOSITORY FOR ACTIVE FUNDS OF MAYFIELD VILLAGE, <br />OHIO, FOR THE TWO YEAR PERIOD COMMENCING WITH <br />JANUARY 1, 1987, AUTHORIZ ING A DEPOSITORY AGREE- <br />MENT WITH SAID INSTITUTION AND DECLARING AN <br />EMERGENCY. <br />BE IT RESOLVED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIOo THAT: <br />Section 1. The AmeriTrust Company is hereby designated as <br />a depository for active funds of Mayfield Village, Ohio for the two <br />(2) year period commencing January 1, 1987 and terminating December <br />31, 1988. <br />Section 2. The Mayor and Director of Finance are hereby <br />authorized and directed to enter into a depository agreement for the <br />two (2) year period with The AmeriTrust Company. <br />Section 3. The Director of Finance is hereby authorized <br />to deposit active funds of the Municipality in The AmeriTrust Company <br />when such deposit is deemed to be advantageous to the Nlunicipality. <br />Section 4. That the Council finds and determines that all <br />formal actions of this Council relating to the adoption of this <br />Resolution have been taken at open meetings of this Council; and that <br />deliberations of this Council and of its committees, resulting in such <br />formal action, took place in meetings open to the public, in <br />compliance with all statutory requirements including the requirements <br />of Section 121.22 of the Ohio Revised Code. <br />Section 5. This Resolution is hereby declared to be an <br />emergency measure necessary for the immediate preservation of the <br />health, safety and welfare of the residents of Mayfield Village for <br />the reason that the depository agreement entered into hereunder will <br />reap optimum benefits for funds invested by the Municipality. It <br />shall therefore take effect immediately upon ssage by the affirma- <br />tive vote of not less than four (4) members ele ted to Council and <br />approval by the Mayor or otherwise at the/arl?imlowed by <br />law. <br />First Reading: <br />12/15/86 11 i President <br />Second Reading: <br />Suspended <br />Third Reading: Suspended <br />PASSEDo Decem er 15, 1986 <br />? <br />APPROVED(? Y V , <br />J)S 1%) <br />Fred N. Carme,7a Date <br />APPROV ED AS TO FORM e <br />DaleC. Feneli, Law Director <br />ATTEST• ` ` ? <br />? Donna J. ath, Clerk of Council <br />Ri , ard Etzler? Counc