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-2- <br />- to award, eligible securities of aggregate market value equal to or in excess of <br />the amount of public monies to be at the time so deposited, over and above such <br />portion or amount of such monies as is at such time insured by the Federal Deposit <br />Insurance Corporation, Federal Savings & Loan Insurance Corporation or by any <br />other agent or instrumentality of the federal government; or surety company <br />bonds which, when executed,shall be for an amount equal to such excess amounte <br />Section 4. The inactive and active deposits of public monies of <br />Mayfield Village be and the same are hereby awarded to the institutions hereinabove <br />designated in the maximum amount indicated after each said name, at the rate of <br />interest as to inactive deposits indicated, for a period of two years commencing <br />August 23, 1977 and ending August 22, 1979, both inclusive, subject to the <br />limitations of Revised Code, Chapter 135a <br />Section 5. This Resolution is hereby declared to be an emergency measure, <br />necessary to preserve the public peace, health safety and welfare of the Village <br />and its inhabitants due to the necessity to provide for a public depository for <br />public monies; wherefore, this Resolution s e in full force and effect from <br />and after the date of its passage and app val b the Mayore <br />Passed: August 15, 1977 <br />C <br />Attest: <br />CLERK OF COUNCIL? <br />A pro ed; 8f 15/77 <br />? <br />?„0 ?