05-83 Resolution
~
- RECORD OF RESOLUTIONS
National Graphics Corp., Cols.. O. ~ ~ICS Form No. 6233-A
I
Resolution N 0 'm.O~.?-~~}~m___.~m~m.~... p assed~m__n~mm.____m.n. n~_"~~..~__~m.n~.19 '~~mn
RESOLUTION DESIGNATING FINANCIAL INSTITUTION(S) AS
C PUBLIC DEPOSITORY(S).
WHEREAS, applications for active deposits of the Village of Dublin, Ohio, have
been received from Banc Ohio National Bank, Bank One, the Ohio State Bank, the
Huntington National Bank, Buckeye Federal Savings and Loan Association and Free
dom Federal Savings and Loan Association, each of which has agreed to accept
all or any part of the active deposits, and,
WHEREAS, applications for interim deposits of the Village of Dublin, Ohio, have
been received from the following financial institutions, each of which has
agreed to accept all or any part of the interim deposits at current market
rates when said money becomes available:
Banc Ohio National Bank, up to $1,000,000.00
Bank One, up to $5,000,000.00
Huntington National Bank, up to $2,000.000.00
Ohio State Bank, up to $l,OOO,OOO.OO
Buckeye Federal Savings & Loan Association, up to $1,000,000.00
Dollar Savings Association, up to $1,000,000.00
Freedom Federal Savings & Loan Association, up to $2,000,000.00
Mid-America Federal Savings & Loan Association, up to $1,000,000.00
State Savings Company, up to $5,000,000.00
[ NOW THEREFORE, BE IT RESOLVED, by the Council of the Village of Dublin, State
of Ohio, 7 of the elected members concurring:
SECTION 1. That the first $25,000.00 of the active funds of the Village of
Dublin be awarded to the Huntington National Bank, and the remaining $25,000.00
be awarded to and divided among the following financial institutions in propor-
tion to their award quotas as listed, as provided in Section 135.04 of the Ohio
Revised Code, for the two-year period commencing March 7, 1983, upon executing
and delivering the security required by law.
Banc Ohio National Bank 42~~
Bank One 13~~
Huntington National Bank 25~~
Ohio State Bank 70/
/0
Buckeye Federal Savings & Loan Association 90/
/0
Freedom Federal Savings & Loan Association 40/
/0
10m~
SECTION 2. That the interim deposits, whenever made, shall be awarded by the
Finance Director as interim monies become available for such fixed maturities
not less than 30 days nor more than one year as she may determine advisable at
the time funds become available, and to such of the eligible institutions who
made applications and offer the highest interest rate for each maturity so
sel ected. In the event more than one of said eligible institutions offer the
C same interest rate, the Finance Director shall, if feasible, divide the award
between such eligible institutions in substantially equal payments or amounts.
The Finance Director shall have and exercise the authority and discretion
granted to her by Section 135.09 of the Ohio Revised Code. Nothing herein con-
tained shall limit the Finance Director in the investment of interim monies
pursuant to the authority granted her by Section 135.14 of the Ohio Revised
Code.
. . RECORD OF RESOLUTIONS
National Graphics Corp., Cols., O. ~ ~ Form No. 6233-A
I
Resolution No. u_~_5_-_~_~__m__m__m______ P assed__m____ __m__m______m -m-_u__________m_19 __m___
Page Two
[ SECTION 3. This Resolution shall take effect and be in force immediately upon
its passage.
Passed this 7ti- day of _ ~_ , 1983.
ATTEST:
Sponsored by: Finance Director
[ 1 hereby ce~ify that copies cf this Ordinance/Resolution
Yler~ pc:ted ji] trn \'iP:,C~ cf C:;U:n i:J accordance with
Section 73US cf ';1')
[