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Resolution No. 390 <br />d <br />a <br />a <br />? <br />? <br />RL <br />CZ5 <br />m <br />? <br />? <br />? <br />? <br />d <br />?- <br />? <br />? <br />? <br />? <br />? <br />LlL <br />? <br />100 <br />z <br />d <br />? <br />? <br />By 11r. Taylor <br />A RESOLUTION ESTIN?.?.TTN1G TIM MAXINiUM AMOUNT OF <br />ACTIVE_DEPOSITS FOR THE NEXT.TWO YEARS. _ <br />NMFrEAS? the present depository designauion ior the deposit of <br />the public moneys_of the Village of IKayfield expires August 22nd, 1957, and <br />the Council is desirous of designating an official depository for ths period <br />of August 23rd., 1957 to Augu.st 22nd, 1959s inclusiveo <br />NQnT TPMREFORE BE IT RESOIrVED BY TFiE GOUNCTL OF TIiE VMUGE OF <br />MAYFIELD9 CUYAHOGEI COUNTY. C3HT0, THA.T: <br />Sec. l, It is hereby determined that the aggregate *axim'm <br />ainount of the.i.nactive deposits oi public monegs of the gzlla.ge of Mayfiel,d <br />for the period from August 23rd, 1957 to August 22nd, 19599 will be naught. <br />Sec. 2. It Ls hexeby estimated that the maximum amount of active <br />deposits subject.to deposit thereon at any time during the period of said <br />dssignation will be $1003040000. <br />Sec, L. Such banks and institutior.s as may be eligible to become <br />public depositories for funds of the Va.Uage af Mayfield sha11 make tirritten <br />application to the Council for such public deposits as they desire. Such <br />app] i.cation sh.a7.1. - in all respec;ts c onform with the requirements of Section <br />135.10 of the Ohio Rev5.sed Code. - <br />Sec. !?. The security to be funiished by public depositories for <br />the re-paytnent. of public moneys under the control of this Counc3.l s11a,11 con- <br />form with Section 135.16 of the Ohio Revised Code. _ <br />Sece . This Cozunci.l will designate public depositories froni <br />appl.ications as proviaed for abwe at a meeting on August 199 1957. <br />Sec. 6. Th.is resolutian shall ta.ke effect and be in force from <br />and after the.earliest period a7lawed by 1aw. <br />Adopted Ju1y 22' 1957. <br />Attests <br />-- <br />SEAL ... .......... . <br />Approved <br />. Play-6-r .- . resident of . ounc' . . . . . .