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CITY OF NORTH OLMSTED <br />$Y A?-. 7 <br />RESQLUTION N0. 3103 <br />R14ZOLUTIQN AIITFIORIZING THE DIRECTOR OF FINdNCE TO QPLI b <br />SEPARATE SIIMING FUND BBNK ACCOUPTT A9' NATIONAL CITY BANK <br />OF CLEVM..9ND9 AND DECLARING AN R1ERGWCY. <br />WHi'Rh;AS, the Director of Finance has reported to Cotancil tha.t it would <br />be.more effieient and desirable from the bank's standpoi.nt, that a separate <br />sinking fund bank account be established at National City Bank of Cleveland, <br />North Olmsted Branch, <br />NOWp THL?k&'ORE, BE IT RESOLVID b,p the Council of the City of North <br />Olmsted, State of Ohio: <br />Section ls That the Director of F'inance is hereby authorized ta open <br />and operate a separate sinking fund bank account at the Nationa.7. City Bank of <br />Cleveland, N'orth Olmsted Branch, permitting the more efficient collection and <br />pa,yment of obligations relating to the operation of the sinki,ng fund. <br />Section 2s That this resolution is hereby declared to be an emergency <br />measure necessaxy for the immecliate pxeservation of the public peace, safety and <br />general welfare of the City af North Olmsted, and such emergency exists by virtue <br />of the neeessity of immediately making available to the I)irector of Finance a <br />sepaxate sinking fund bank account at National. City Bank of Cleveland by October <br />l, 1960, when payments to and from said flznds will next be due and payable. <br />Section 3s Wherefore, thia resolution shall take immediate effeat from <br />and after its passage, otherwise, at the eaxliest period a.llowed by 1aw. <br />Passedt _ ' Z . 2 <br />ATTIZT t? / <br />Louise Hall, Clerk of Council <br />7%, <br />Bruce MacDonalcl, President of CounciZ <br />)9? sEP <br />30 1960 <br />