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38-83 Bonds for purchasing garbage trucks
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38-83 Bonds for purchasing garbage trucks
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Last modified
5/14/2013 3:05:56 PM
Creation date
8/22/2003 5:05:34 AM
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Office Of Council
Document Type
Ordinances
Date
8/22/2003
Date Adopted
4/18/1983
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FISCAL OFFICER'S CERTIFICATE <br /> Truck Acquisition Bonds <br /> <br />Lakewood, Ohio <br />April 18. 1983 <br /> <br />TO THE COUNCIL OF T~"J,~ CITY OF LAKE~OOD, 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 <br />Revised Code, hereby certifies in connection with your proposed issue <br />of bonds in the principal amount of $1,000,000 for the purpose of pur- <br />chasing rubbish collection trucks, as follows: <br /> <br /> 1. That the estimated life of the equipment to be acquired <br />from the proceeds of such bonds is hereby certified to be at least <br />five (5) years. <br /> <br /> 2. That the maximum maturity of such bonds to be issued for <br />such purpose, calculated in accordance with the provisions of Section <br />133.20, Ohio Revised Code, is five (5) years, being also my estimate of <br />the life usefulness of such equipment, provided that if notes in anti- <br />cipation of such bonds will be outstanding for a period in excess of <br />five (5) years from the date of the original issue, the period thereof <br />in excess of five (5) years shall be deducted from such maximum maturity <br />ofsaid bonds. <br /> <br />All of which is respectfully submitted. <br /> <br />Director of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />
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