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is necessary for the immediate preservation of the public <br /> <br />peace, property, health, safety, and welfare, in that it is <br /> <br />necessary that the 1982 Bond Ordinance be amended prior to <br /> <br />the consummation of the issuance of the Series 1982 Bonds, <br /> <br />which issuance is necessary in order for the Issuer to <br /> <br />expand and enlarge its Hospital and thereby continue to <br /> <br />provide for the health, care, safety, and welfare of its <br /> <br />residents; <br /> <br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> <br />LAKEWOOD, COUNTY OF CUYAHOGA, STATE OF OHIO: <br /> <br />Section 1. The definition of the term "Series <br /> <br />1982 Bonds" in Section 1 of the 1982 Bond Ordinance, which <br /> <br />now reads in its entirety as follows: <br /> <br />"Series 1982 Bonds" means the $23,750,000 <br />aggregate principal amount of Hospital Im- <br />provement Revenue Bonds of the Issuer, desig- <br />nated "Hospital Improvement Revenue Bonds -- <br />Series 1982," dated as of February 1, 1982, <br />and authorized by this Ordinance. <br /> <br />is hereby amended to read in its entirety as follows: <br /> <br />"Series 1982 Bonds" means the $23,710,000 <br />aggregate principal amount of Hospital Im- <br />provement Revenue Bonds of the Issuer, de- <br />signated "Hospital Improvement Revenue <br />Bonds -- Series 1982," dated as of February <br />1, 1982, and authorized by this Ordinance. <br /> <br />Section 2. Section 2 of the 1982 Bond Ordinance, <br /> <br />which now reads in its entirety as follows: <br /> <br /> Section 2. Authorization of $23,750,000 <br />Hospital Improvement Revenue Bonds - 1982 Series. <br />This Council of the Issuer has found and determin- <br />ed and the Board of Trustees of the Hospital of <br />the Issuer intends to find and determine, and this <br />Council does hereby confirm that (i) the construc- <br />tion of the 1982 Project is necessary~£~r the <br />Issuer to provide improved hospital care to its <br />residents and thereby serve the proper municipal <br />purpose of promoting the pubic health and welfare; <br />(ii) that, in order to finance costs of the con- <br />struction of the 1982 Pro3ect, the issuer needs to <br />issue and sell the Series 1982 Bonds in the aggre- <br />gate principal amount of $23,750,000 on a parity <br />with the outstanding Original Bonds, payable <br />solely from the Pledged Revenues and secured only, <br />but equally and ratably without priority of any <br /> <br />-2- <br /> <br /> <br />