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FISCAL OFFICER'S CERTIFICATE <br /> <br />Lakewood, Ohio <br /> <br /> , 1981 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br /> The undersigned, Director of Finance of the City of Lakewood, <br />Ohio, as fiscal officer thereof, as defined by Section 133.01, Ohio Revised <br />Code, hereby certifies in connectiom with your proposed issue of bonds and <br />notes in anticipation thereof in the principal amount of $50,000 for the <br />purpose of clearing ~nd~improving an area adjacent to the City's incinerator <br />for the purpose of storage and parking of rubbish collection trucks and other <br />motor vehicles, as follows: <br /> <br /> 1. 'i/nat the estimated life of the property and improvements to be <br />acquired from the proceeds of such bonds is hereby certified to be at least <br />five years. <br /> <br /> 2. That the m~ximum maturity of such bonds to be issued for such <br />purpose, calculated in accordance with the provisions of Section 133.20, <br /> Ohio Revised Code is five years, being also my estimate of the life usefulness <br /> of such improvements, provided that if notes in anticipation of such bonds <br /> are outstanding for a period in excess of five years from the date of the <br /> original issue, the period thereof in excess of five years shall be deducted <br /> from such maximum maturity of said bonds. <br /> <br /> 3. The maximum maturity of notes issued in anticipation of such <br />bonds is eight years, provided that if such notes are sold at private sale, <br />then their maximum maturity is one year. <br /> <br />Ail of which is respectfully submitted. <br /> <br /> Director, of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />