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RESCYLUTION IJO. 112? <br />l? <br />BY PI1R.. CORLL"I'T <br />A RESCkLUTI4N DESIGNATTNG CENTRAL NATTUNAL BAiqK QF- CLEVELhND <br />DEPQSITOR.Y FOR THE UTLLAGE aF Pi'IkYFTELD <br />VgiEREAS, under date of Ju1y 17thy 1939' Ceni;ral NatiQnal Bank of <br />Cleveland offered to beco-ine depasitary for the active funds of this Village <br />and oifered to give security therefor in accardance vrith ].aw, and <br />WHEREAS9 the bid of Central National Banls of Cleveland Tras the <br />anly bid received by tlu.s Council therefor, and <br />4'dHER.LAS, a11 proceedings viere had in accardance ivith Sectaan <br />2296-1 et seqo of the General Code of Qhim; <br />N0W'0 THEREFORE9 BE TT RESWVED BY THE CQUNCIL dF THE V:ILLAGE OF <br />MAYla lELD' CUYAiIOGA CCIUN`I'Y' OHIO, That e <br />Section l. Central. National Bank of Clevelan-d be, and it hereby <br />is designated tQ be the depasitary of the active funds of the Village of , <br />Mayfield far the period of two (2) years, cammencing August 23, 1939, and <br />ending August 22, 1941, <br />SectiQn 2. The Village Treasurer is hereby directed ta cause the <br />active funds of the Vi7.lage to be deposited in Central Natianal Bank of <br />Cleveland upon the tierms and conditions set Forth in the afa-resaid bid of <br />Central Naticrnal Bank of Clevelancl9 dated Jw..y 17th9 1939. <br />Sectian 3e The Village Clerk be, and she hereby is di.rected tv <br />ce-rtify a capy of this Resolutian to the Vil]_age Treasurer and a copy there- <br />af to Central National Bank of Cleveland. <br />Section 4. Th.is resolutian shall take effect ancl be in fGrce <br />from and after earliest period allawed by law. <br />Passed tne 17th day of J'uly, 1939. <br />Attest: <br />a Mayor - President of Council <br />LZ._e?, <br />(SEAL) C1erk. '