Laserfiche WebLink
RESOLUTION N0. 84-39 <br />INTRODUCED BYa Mayor Carmen and Council as a Whole <br />I I'• ` A RESOLUTION DESIGNATING CERTAIN <br />? FINANCIALINSTITUTIONS AS <br />DEPOSITORIES FOR INTERIM FUNDS OF <br />MP,YF I ELD V ILLAG E, OH IO, FOR TH E TWO <br />YEAR PERIOD COMMEIVCING WITH JANUARY <br />1, 1985, AUTHORIZING DEPOSITORY <br />AG REEMENTS WITH SAID INSTITUTIONS <br />AND DECLARING AN ENiERGENCY. <br />BE IT RESOLVED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: <br />Section 1. The AmeriTrust Company, National City Bank, <br />Central National Bank, Society National Bank, TransOhio Savings & <br />Loan, Cuyahoga Savings Association, First Federal Savings and Loan, <br />and Home Federal Savings and Loan are hereby designated as deposi- <br />tories for interim funds of Mayfield Village, Ohio for the two (2) <br />year period commencing January l, 1985 and terminating December 31, <br />1986 0 <br />Section 2. The Nlayor and Director of Finance are hereby <br />authorized and directed to enter into depository agreements with the <br />aforesaid institutions for the two (2) year period, <br />.?, Section 3. The Director of Finance is hereby authorized <br />? to deposit interim funds of the Municipality in any of the aforesaid <br />financial institutions when such deposits are deemed to be <br />advantageous to the Municipality. <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 committeeso 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 immediately necessary for the preservation of the <br />health, safety and welfare of the residents of Mayfield Village, Ohio, <br />for the reason that the depository agreements entered into hereunder <br />will reap optimum benefits for funds invested by the Municipalityo <br />It shall therefore take effect immediately upon passage by the <br />affirmative vote of not less than four (4) members elected to Council <br />and approval by the Mayor or otherwise at the earliest time allowed by <br />?