1952-01r
Rr~oLIITZa~ No. 1
RgSOLtTTION i)ESTt~YATI~T G ITA.RY OF THE FH~IlJ6 fE' THE
VILLAGE 0~' RICHFIELD
BE IT HEREBg KF~(ALVED that, 3.n. accordance wifh law, -the Richfield
Stets Bank be, anal hereby is desig~afed deposifa~r of the funds of the
Village of Richfield above named, subje-ct to modifiea'~.on and revocation
at as~y time ~ said Village, and subs act fo the following terms and aan-
ditions t~
The said depositary sha11 not be required to give bonds or other
secur3.ties for ouch ~ deposits provl.ded thatthe total sung thereof sha17. not
• at any tiffie exceed 3n any such depositary the sum for which ifis d®posits
axe insured under the Ants ~ of Coggress of the IInitsd States relating tee
insurance of bank deposits; but that 3n Dees such .deposits in any such de-
posifasq shall at any time exc+oed such insured sum, sand depositary shall
' iman®diately furnish bids or other sacnri'~ for such excess aaeording to
].aw,. approved by the Village Council of said Vil7.age. .
That said depositary shall pay on demand all ..deposits therein; and
shall pay all time deposits, at or after the end.af the periods for which
the same shall be deposited, on demand.
The foregoing resolut3.e~. was dn.1.y seconded by Trustee Shields and
• ~ upon a• poll of votes, the followix~g ~ voted in favor thereof a Keller,
Welfare, &~w®n, Zvsrsoz~ and Shields
• and the following voted against -the same s Non®.
WHEKEtTPON said resolution was declared duly passed and adopted.
Passed by the ViL'Lage Council the ].l~.th day of January, 1952.
1TT~T a
-John. K3.e3.n Fred C. Re r
E
1
__