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1971-015 OrdinanceORDINANCE NO. 1971-15 OFFERED BY' MR. FERRY DESIGNATING AND APPOINTING THE AKRON NATIONAL BANK AND TRUST COMPANY AS A VILLAGE DEPOSITORY FOR THE YEAR 1971 FOR THE DEPOSIT OF FUNDS OF THE BOND RETIREMENT FUND OF THE"VILLAGE OF FAIR- LAWN, OHIO. WHEREAS, the Akmon National Bank and Tmust Company has made applica'tion ~o bo the deposi'l:o~,y fo~ funds of 'the Bond Re- tirement Fund of the Village of Fai~lawn. WHEREAS, said bank in all mespects complies with the public deposito~',y r'ogula'tions of the $~ate of Ohio. WHEREAS, ~aid bank is the designated payom on all assessment bonds issued by the Villago of Fai~',lawn. BE IT ORDAINED by the Council of the Village of Faire- lawn, Summi~ County~ Ohio' Section 1. Tha~ ~he Akmon National Bank and Tmus t Company of Akmon, Ohio~ be and they ame hemeby designated as the official depositomy fora the Village of Faimlawn fora funds of the Bond Retimement Fund of the Village of Faimlawn~ Ohio, fora the yearn 1971. Section That said designated depository shall place in escrow with the Federal Reserve Bank of Cleveland such funds or securities to ~his account to assure the safety of such funds as are required by the laws of the State of Ohio. Section 3. Section That the Mayo~ and Clemk-Tmeasumem ame hemeby authorized to execute any contmact or contracts ~'equiI, ed by law on behalf of 'the Village. That this omdinanee shall be in full fomce and effect fmom and aftem the eamliest pemiod allowed by law. Passed' Attest · I.~ William F. Reed, Clemk-TPeasu~e~ of the Village of Faimlawn, Summit County, Ohio~ do her, eby cez'tify that the for'egoing 0~"dinance ~o. 11t71--15 w~s duly and ~'egular, ly paosed by Council at a me~t:i, ng og the ~h day of Januamy, 1971. .~,