Laserfiche WebLink
Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the <br />issuing of the Notes in order to make them legal, valid and binding <br />obligations of the City of Lakewood, will have been done and performed <br />in regular and due form as required by law; and that no limitation of <br />indebtedness or taxation, either statutory or constitutional, will have <br />been exceeded in the issuance of said Notes. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. That the Mayor and Director of Finance, or either <br />of them, are authorized to prepare, execute and deliver to the original <br />purchaser of the Notes a preliminary and final Official Statement or any <br />other appropriate disclosure document in connection with the sale and <br />delivery of the Notes. <br /> <br /> Section 11. It is found and determined that all formal actions <br /> of this Council concerning and relating to the passage of this ordinance <br /> were adopted in an open meeting of this Council, and that all such <br /> deliberations of this Council and any of its committees that resulted in <br /> such formal action, were in meeting open to the public, in compliance <br /> with all legal requirements including the City's Charter and Codified <br /> Ordinances and Section 121.22 of the Ohio Revised Code. <br /> <br /> Section 12. That this ordinance is hereby declared to be an <br /> emergency measure necessary for the immediate preservation of the public <br /> peace, property, health, safety and welfare in the City for the reasons <br /> set forth and defined in the preamble to this ordinance, and provided it <br /> receives the affirmative vote of two-thirds of all members elected to <br /> Council, this ordinance shall take effect and be in force immediately <br /> <br />-5- <br /> <br /> <br />