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Section 2. The aforementioned funds in the amount of $2,542.36 shall <br />be charged to the Wastewater and Sewer Improvement Fund. <br /> Section 3. That prior to the payment of the aforementioned sum to Mr. <br />Newpher,' the City of Lakewood shall receive a full and complete release of all <br />claims, if any, duly executed by C. Richard Newpher and Cowen and Company relating <br />to the Note giving rise to the moral claim hereinabove referred to. <br /> Section 4. It is found and determined that all formal actions of this <br />Council concerning and relating to the passage of this ordinance were adopted in <br />an open meeting of this Council, and that all such deliberations of this Council <br />and of any of its committees that resulted in such formal action, were in <br />meetings open to the public, in compliance with all legal requirements including <br />Section 121.22 of the Ohio Revised Code. <br /> Section 5. That this ordinance is hereby declared to be an emergency <br />measure for the reasons stated in the preamble hereof and provided it receives <br />the affirmative vote of two-thirds of all members elected to Council, it shall <br />take effect and be in force immediately upon its adoption and approval by the <br />Mayor; otherwise, it shall take effect and be in force after the earliest period <br />al lowed by law. <br /> <br />Ad°pted "~~ -~gA~ ]1 <br /> <br />Approved: <br /> <br /> <br />