Laserfiche WebLink
ilesolution Td o . <br />Pa,be Two <br />(5.) The City of ilorth Qlmsted, in considerrition of the ag,; ee- <br />ments of 1he National City Bank of Cleveland, agrees that f`or the a,foresaid nerioa, _tt <br />has desi?.wted and does hereby designate The National Ci-ty I3ank of ?leveland as a <br />deposito-ry of active funds belonging to it md that it zaill, during said period, allow <br />The National City I3ank of Clevela,nd full use for its lawi'ul and r)roper purposes af tlle <br />active funds of the City of North C?lmsted which are from time to -time deposited in ',,he <br />National City Baril; of Clevelan.d. <br />( ?.) The City of North Olmsted further agrees thut i-t wiil, dtu ?in? <br />such time as its ac'u-ive fu.nds are on deposit in The National City Bank of Clevelax-d, <br />compZy -vri -uh all lawful rzles and regulations of 1'he National City Ba,nl; of Cleveland <br />relating to demand accounts j;,herein ?;hich are subject to check. <br />Section 3s That this resol_ution is hereby declared to be an emergency mew,;ure <br />necessary for i;he immediate preservation oi the public peace -and wel:Eare oi' 'Uhe City of <br />iJorth Ol,msted, and suchaneru-;ency e:;.ists by virtue of the necessil;y of making imi_nediai:e <br />arrangements ior the con?inuance af aduly designated depository ?or the active iund;; af <br />the City of ?`7orth Olmsted, as the cu-rrent des4ignated deposito-ry terminates January 1, <br />Section 4: 'Wherelore, this resolu-tion shall tal;e ir.unediate effect from -Ulcl ;.;.1.'ter <br />its passage, othez ?,rise, ;t the e??rliest ,pe-r-iod allot?;ed by lav; . <br />?ASaED: Decenlber 1, 1959 <br />:':`I'TEST : ? <br />?-c.- <br />, <br />President oi Counc <br />:?. I?I. Cnristman, Clerl? of Counc1 ??4446_ <br />? ?? <br />_'?_K"" ? <br />aua;reau, Ma,yor <br />The terms set forth in Resolution i1o. , ena,cted December 1, 19,5;, oy <br />:;hich The National City Ba,n.k of Cleveland is desi?,?.ated a aepositoiy :Cor the active <br />funds oi the City of North Clrnsted, are hereby approved and binding upon 1he Nr;,tiona?. <br />City Bank of Cleveland. <br />`i'HL NATIGNAL CITY BIuTL UF CLE'V:;LI,1UlD <br />By <br />Vice-President <br />? <br />, <br />: <br />