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7-2~-57 !~-v) <br /> G~~2 ~ RESOLUr I oN ~-- •Z~ <br /> AUTHORIZING SUBSTITUTION OF SECURITIES <br />WHEREAS, TO SECURE THE DEPOSIT OF FUNDS OF CITY OF NORTH DLMSTED <br />NAME OF SUBDIVISION <br />IN THE NATIONAL CITY BANK OF CLEVELAND, UNDER DEPOSITORY <br />DESIGNATION TERMINATING, PURSUANT TO SECTION 135.11, OH10 REVISED CODE, ON <br />JANUARY ~, X960 , CERTAIN OBLIGATIONS OF THE UNITED STATES OF AMERICA HAVE <br />HERETOFORE BEEN DEPOSITED AND ARE NOW ON DEPOSIT WfTH THE FEDERAL RESERVE BANK OF <br />CLEVELAND FOR SAFEKEEPING, AND <br />- WHEREAS, SAID BANK HAS REQUESTED THIS SUBDIVISION TO AUTHORIZE SAID FEDER- <br />AL RESERVE BANK OF CLEVELAND TO PERMIT SUBSTITUTION OF SECURITIES IN SUCH SAFEKEEP- <br />ING ACCOUNT AND THIS SUBDIVISION NAS DETERMINED THAT SUCH AUTHORIZATION I5 FEASIBLE <br />ANO PROPER ON THE TERMS HEREINAFTER SET FORTH, <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL of THE <br />GOVERNING BOGY <br />CITY OF NORTH DLMSTED , STATE OF OHIO: <br />NAME OF SUBDIVISION <br />SECTION ~. THAT THE FEDERAL RESERVE BANK OF CLEVELAND BE AND IT IS HEREBY <br />AUTHORIZED AT ANY TIME DURING THE PERIOD ENDING JANUARY ~, 1960 To PERMIT <br />THE NATIONAL CITY BANK OF CLEVELAND TO WITHDRAW ANY OBLIGATIONS OF THE UNITED STATES <br />OF AMERICA NOW OR HEREAFTER DURING THE AFORESAID PERIOD ON DEPOSIT WITH THE FEDERAL <br />RESERVE BANK OF CLEVELAND FOR SAFEKEEPING FOR THE ACCOUNT OF SAID BANK ANO THIS 5UB- <br />DIViStON, PROVIDED THAT SAID BANK SHALL AT THE SAME TIME DEPOSIT IN SUCH SAFEKEEPING <br />ACCOUNT WITH THE FEDERAL RESERVE BANK OF CLEVELAND IN SUBSTITUTION FOR THE OBLIGA- <br />TIONS SO WITHDRAWN OTHER OBLIGATIONS OF THE UNITED STATEa OF AMERICA of A PRINCIPnI <br />AMOUNT NOT LESS THAN THE OBLIGATIONS SO WITHDRAWN. <br />SECTION 2. THE TREASURER ~AS DEFINED IN SECTION t35.O1, OHIO REVISED <br />COD E IS HEREBY AUTHORIZED TO CERTIFY A COPY OF THIS RESOLUTION TO THE FEDERAL RE- <br />SERVE BANK OF CLEVELAND AND TO THE NATIONAL CITY BANK OF LEVELAND. <br />---- ,i ~ <br />CLERK PRESIDI G OFFICER <br />CERTIFICATION <br />i, of <br />ME OFFICIAL TITLE <br />CITY OF NORTH DLMSTED , STATE OF OHIO, DO HEREBY CERTIFY THAT I AM <br />ME OF SUBDIVISION <br />THE T OF SAID SUBDIVISIONS THAT THE FOREGOING IS A TRUE AND CORRECT COPY OF <br />A RESOLUTION DULY PASSED AT A MEETING OF THE COUNCIL OF SAID <br />GOVERNING BODY <br />SUBDIVISION, DULY CALLED AND HELD ON , X957 , A7 WHICH MEETING A QUORUM <br />WAS PRESENT, 8Y THE AFFIRMATIVE VOTE OF A MAJORITY OF ALL MEMBERS ELECTED TO SAID <br />COUNCIL , AND THAT THE TERM OF THE DEPOSITORY DESIGNATION AND AWARD <br />GOVERNING BODY <br />MADE BY SAID COUNCIL OF AND TO THE NATIONAL CITY BANK OF CLEVELAND <br />GOVERNING BODY <br />WILL EXPIRE ON JANUARY ~, t9CO <br />I FURTHER CERTIFY THAT SAID SUBDIVISION kAS /~'~ ADOPTED A CHARTER, AND <br />THAT A TRUE COPY OF THE PROVISIONS OF SUCH CHARTER ~IF ANY RESPECTING THE DEPOSIT <br />OF THE PUBLIC MONEYS OF SUCH SUBpIVIS10N IS HERETO ATTACHED. <br />WITNESS MY OFFICIAL SIGNATURE ANO SEAL THIS ~_ DAY OF ~~ ~p ~j <br />!~~ <br />SIGNATURE AND OFFICIAL TITLE <br /> <br />