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The funds derived from said tax l. evie. s hereby requfred shall be placed tn a <br />separate and distinct fund wblch, together with the .irt:crest col.].ected on the <br />same shall be irrevocably pledged for the payment of the principal and interest <br />of said notes or the bonds in anticipation of which they are ].ssued, when and <br />as the same falls due. <br /> <br /> Section 9. It is hereby determined and recited that all acrs, <br />conditions and things necessary to be done prece.dent to and in the issuing <br />of Said notes in order to make them ].egal, valid and bindi-ng obligations <br />of the City of Lakewood, have been done and performed in regular and due <br />'form as required by law; and that no limitation of :Indebtedness or taxation, <br />either statut'ory or constitutional, will have been exceeded in the issuance of <br />said notes. <br /> <br /> Section 10. The Clerk of Council is hereby directed to forward a <br />certified copy of this ordinance to the County Auditor. <br /> <br /> Section 11. It is found and determined ti'mt all formal actions of <br />this Council concerning and relating to the passage of this ordinance were <br />adopted in an open meeting of' thig Council, and that all such deliberations <br />of this Council and of any of its committees that resulted in such formal <br />action, were in meetings open to the put01ic, in compliance ~,,ith al. 1 legal <br />requirements including Section 121.22 of the Ohio Revised Code. <br /> <br /> So_etlon 12. That this ordJnance, having been declared to be an <br />emergency measure, sha].], be in frill, force and effect from and i,~mediatelv after <br /> <br />its passage and approval by the Mayor. <br />Passed: X~/~_~_~~t~,-~ , 1976 <br /> <br />Mayor' <br /> <br /> <br />