Laserfiche WebLink
Section 8. During the yea~ while such notes run, there shall be <br />levied on all th~ taxable property lu the City of Lakewood, in addition to <br />all other taxes, a direct tax annually not less than'that which would have <br />been levied if bonds had been issued without the prior issue of such notes. <br />Said tax shall be and is hereby ordered computed, certified, levied and <br />extended upon the tax duplicate and collected by the same officers, in the <br />same manner and at the same time that taxes for general purposes of each of <br />said years are certified, extended and collected. Said tax shall be placed <br />before and in preference to all other items and for the full amount thereof. <br />The funds derived from said tax levies hereby required shall be placed in a <br />separate and distinct fund which, together with the interest collected on <br />the same shall be irrevocably pledged for the payment of the principal and <br />interest of said notes or the bonds in anticipation of which they are <br />issued, when and as the same falls dt~e. <br /> <br /> Section 9. It is hereby determined and recited that all acts, <br />conditions and things necessary to b~ done precedent to and in the issuing <br />of said' notes in order to make them legal, valid and binding 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 statutory or constitutional, will have been exceeded in the issuance <br />of said notes. <br /> <br /> SectiOn 10. The Clerk of Ccuncil is hereby directed to forward a <br />certified copy of this ordinance to the County Auditor. <br /> <br /> Section 1].. It J.~ found and determined that all formal actions <br />of this Council concerning and relating to the passaKe of this ordinance <br />were adopted in an 'open meeting of this Council, and that all such deliber- <br />ations of this Council and of .any of its committees that resulted in such <br />formal action, were in meetings open to the public, in compliance with all <br />legal requirements including Section 121.22 of the Ohio Revised Code. <br /> <br /> , havin been declared to be an <br /> Section 12. That this ordinance g <br />emergency measure, shall be in full force and effect ir.om and immediatel~y~.~_~ <br />after its passage and approval by the Mayor.. .- z"~fX.. ;' - ' 7/:~ <br />Passed: ~Z~ . -~.~:_~c.(.~ d , 1979( .... 'f a~i2eut of council <br /> ~ ,/ ' Clerk of CounCil <br /> <br /> <br />