06-85 Resolution
I
, . RESOLUTIONS
RECORD OF
National Graphics Corp" Cols,. 0, ~ n~ri~~ Form No. 6233-A
Resolution NO.un 06-85 Passedn _n__n__n___nu__u__ ____' __n_________19___ -----
RESOLUTION DESIGNATING FINANCIAL
[ INSTITUTION(S) AS PUBLIC DEPOSITORY(S).
WHEREAS, applications for active deposits of the Village of Dublin,
Ohio, have been received from BancOhio National Bank, Bank One, the Ohio
State Bank, the Huntington National Bank, 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:
BancOhio National Bank, up to $9,000,000.00
Bank One, up to $10,000,000.00
Huntington National Bank, up to $8,000,000.00
County Savings Bank, up to $5,000,000.00
Dollar Savings Association, up to $5,000,000.00
Equitable Federal Savings Bank, up to $5,000,000.00
Mid-America Federal Savings & Loan Association, up to $5,000,000.00
State Savings Company, up to $5,000,000.00
Society Bank, up to $7,000,000.00
[ NOW, THEREFORE, BE IT RESOLVED, by the Council of the Village of Dublin,
State of Ohio, 1 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 proportion to their award quotas as listed, as provided
in Section 135.04 of the Ohio Revised Code, for the two year period
commencing March 1, 1985 upon executing and delivering the security
required by law.
BancOhio National Bank 36';10
Bank One 23';10
Huntington National Bank 27%
Ohio State Bank 14';10
100%
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 selected. In the event more than
[ one of said eligible institutions offer the 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 contained 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.
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RECORD OF RESOLUTIONS
National Graphics Corp., Cols.. O. ~ n~r8~~ Form No. 6233-A
Resolution No. 06-85 Passedu m__19mHu_
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Page Two
[
Section 3. This Resolution shall take effect and be in force
immediately upon its passage.
Passed this I!d day of J~~-~~v , 1985.
II
Attest:
~a/veeJ '7?j. ~'~TJ
[ Clerk of Council
Sponsored by: Finance Director
I hereb~ certify, that copies of this Ordinance/Resolution
were poobd In t~" " . I' ,
. _w' ',"". c,. j. ", '" "1 3^co'dan 'th
S ' ...,' '....d. .. l. I ce WI
ectlon 731.25 Ci tc,n r,.^ Fr.'-',,! r'".',
'I~ --..,..'.) I..",J;-:".....u \.iU~;",...
";;/t.AZ-r~ L<7 Y7]. z:LU~
Clerk of Council
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