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Resolutioiz No. 293 <br />By Mra Strater <br />A RESOZUTTOIi ESTIHATI'NG TI-E MPIINNM 11IIOUNT OF <br />ACTIVL. DEPOSITS FOR THE NEXT TkJO YEP_RS. <br />Z•MHEAS, the present depository desigmation for -the deposit oi <br />the public moneys oi the ViLage of I`1ayfield expires August 22nd, 1955s <br />and the Council :i.s des:irous of desigmati.ng an official depositorf for <br />the period of AugUSt 23rd, 1955 to August 22nd, 1957, inclusive. <br />NOW THERLFORE BE IT RESOLVED BY TI-E COUIdCTL OF THE VILLAGE OF <br />14AYFIELD, CUYAHOGA COU_N`i'Y OHIO, TH&T: <br />Sec. le It is hereby determisied that the ago egate maximum <br />amount of the inac luive deposits of public moneys of the ViLlage of Playfield <br />for the period from August 23rd? 1955 to August 22nd, 1957, wi]1 be naugh.t. <br />Sec. 2. I-Lu is hereby estiniat-ed tlza-L the ma.mirmun amount of active <br />deposits subjec-t to deposit the-reoii at any time during the period of said <br />designation will be 5100,000.00. <br />Sec. 3. Such banks and institutions as may'oe eligible to become <br />public depositories for funds of the Vi7la.ge of Ibla.yfield sn.a]1 make i•mit'cen <br />avplication to the Council for suc'_n pu1b7.ic deposits as they desire. Such <br />appl.ication shall in a11 respects conform with the requiiements of Section <br />135.10 0f the Ohio Revised Code. <br />Sec. 4. The security to be fu?rn.islied Uy public depositories for <br />the re-payment of public rnoneys under the control of t11is council shall <br />coiiform with 5ection 135.16 of the Ohio Revised code. <br />Sec, 5. This council t?r131 deszgnate ptzblic depositories from <br />applications as.proVided for above at a, meeting on Attgus't 15, 1955. <br />Sec. 6. Tlis resolu-tioiz sha.?1 taise effect and Ue in force from <br />and a:ftei the -ear7i.est period allowed by 1aw. <br />Adopted J1L7.3,r 18., 1955• <br />Attest: <br />? <br />:::J ?_2.yo?d <br />SE erk <br />Approved <br />BY ??C?vrY??(? ?"? • ?? <br />Mayor - resideait of ouncil