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RESOLUTION N0. 1?$0 <br />~, <br />~. <br />By: Mr. Baumgardner <br />RESOLUTION RELEASING SECURITIES <br />WHEREAS, the City of North Olmsted, Ohio has in its <br />possession securities more than sufficient to guarantee payment <br />of funds on deposit, and <br />WHEREAS, the National City Bank of Cleveland, Ohio <br />has requested that securities in the amounts of X50,000.00 be <br />released, and <br />WHEREAS, after the released said securities the City <br />of North Olmsted will be protected as provided by law. <br />NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE <br />CITY OF NORTH OLMS`rED, OHIO, that the Clerk and Treasurer be <br />and ar® hereby authorized to release certain securities in the <br />amount of Fifty Thousand Dollars ( 50 ,000.00) to the National <br />City Bank of Cleveland, Ohio. <br />This is an emer~enc3T' measure necessary for the public <br />health, peace and safety and to provide for the release of <br />securities no loner necessary. <br />Passed: <br />Attest: <br />November l3 , 1951 <br />___- -- __ <br />__ ~ <br />E. M. Christman, Clerk <br />i <br />Claren ~}viatt , Mayor <br />,E„~,lk„.~~,K... _ ,. <br />