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19 <br />conmuucw, <br />seBVfcES PUBLIC FUNDS INVESTMENT ACCOUNT CCB <br />SERVICE AGREEMENT <br />Thu Public Funds lnvemenen Accouv[ Service Agreement u covered into by ad betwen Oavge County (the <br />"CompaaY) and Central Caroline Berk and Trutt Conipaay (the "Bart "). <br />The Company and the Bank agree as follows: <br />1. The Company has established av aameum nomher (die "Mmurt ") wish the Bank. The <br />Accrum amid be maaaad ad traoemaiovs with reamer: to the Account shad be conducted pursues to <br />the ptaNurter noriBcatiom, road mace t hat the Bank may put me plan: from time to time in connector <br />with the Acceum. <br />3. Under the terms and coditiom of time Agreement, the Company hereby amhorires the Bank in NY the <br />muacWal treatment amowt leftmn rah on balruces m amass a the onameted balance of <br />("Target Balance). <br />3. The raft paid w time Pabtic PuoN (area nwom Aremnt can change daily and will be au by the amok <br />based capon charges to the Fading Fords raft. Indexes a mmpo®ded deity ad a caculuN on <br />maeetd belavm m euess of tit Target Baase. leters9t wBl h depoehd m dr Account w rite tau <br />bank bmiams dry erL month. <br />4. The Bank its to be notified m writing tlW the Amount is subject to wWmlivdon rude. Tit Bank <br />wJl pledge as security eligible invetmem emurities. The eligible investment sammm are lum to the <br />following: <br />(t) Obligation of the UnuN Sate of Amerce; <br />(3) Obligations of any agency or memmenaliry of the Ualhd Sae of m a tithe payment of <br />such obligation is fury gsanmeed by she United gtam of Assesses; <br />(3) Mfigatiom rifts Sue of North Caroline, the N.C. Mdiel Commission, she N.C. Hsamg <br />Finance Agency, the N.C. soh Education Audience Authority ad the eamporem ioatimtiom <br />of the University of NMh Carolina; <br />(4) Body or etas of any Nash Canadian long goveremeot or pubic mdmift ueud with the <br />approval of the tread Oover®en Commieelen ad not cavremly as deBult on WYmmt of <br />intense m principal aany of is bards or rasa; <br />5. The Bank resenves the right m esablid reesktiom (including min®um ad restaurants amuma) on Use <br />amount of mllesd reassess allowd m dh public Flmds lavemeut Account ad to charge such <br />resi conditions from time m rme. Bxmryt a may othrwiss di apamxall a tied by herth any of the arms <br />ad covdiriom mvsaioad iv this Agreement may h modiBd m amedd by the Book upon are days <br />prim wrivm rake m the Comgvy. TWa Agreement may be termianhd by tre Company a rte Berk a[ <br />ivy time upon roe day Prmr wrsm orrice m the oWU parry. <br />