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M. V. t`~,ESOL~JT I OI~l r10 . 8 3- 3 <br />Page -2- <br />Section 5. This Resolution is hereby declared to be an <br />emergency measure immediately necessary for the preservation of the <br />health, safety and welfare of the residents of Mayfield Village, Ohio, <br />for the reason that the depository agreement entered into hereunder <br />will reap optimum benefits for funds invested by the Municipality. <br />It shall therefore take effect immediately upon passage by the <br />affirmative vote of not less than five (5) members elected to Council <br />and approval by the Mayor or otherwise at the earliest time allowed by <br />law. <br />First Reading: <br />Vince J. Busa, Council Yresiaent <br />Second Reading: <br />Third Reading: <br />PASSED: <br />APPROVED: <br />Robert G./ Beebe, Mayor <br />APPROVED AS TO FORM <br />e C. Feneli, Law Di~'rector <br />Date <br />ATTEST: <br />Donna J. Heath, Clerk of Council <br />