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<br />'-/ <br /> <br />actions as are necessary or appropriate to consummate the transactions <br />contemplated by this ordinance" The Director of Law shall obtain the services <br />of qualified Bond Counsel, and his selection of Calfee, Halter & Griswold, Bond <br />Attorneys, Cleveland, Ohio, as Bond Counsel for the Bonds is hereby confirmed, <br />approved and ratified. The Fiscal Officer shall cause the Bonds to be prepared, <br />and have the Bonds signed and delivered, together with a true transcript of <br />proceedings with ref.§Ĺ’ence to the issuance of the Bonds, to the Original <br />Purchaser upon payment of the pU1:'chase price. The proceeds from the sale of said <br />Bonds, except the accrued interest thereon, shall be paid into the proper fund <br />and used for the purpose for which the Bonds are being issued under the <br />provisions of this ordinance and may be used to pay those certain costs of <br />issuance set forth in Section l33.15(B), Ohio Revised Code; any such costs also <br />may be paid out of any other lawfully available moneys of the City and any such <br />costs which are future financing costs may be paid from the same sources from <br />which the principal of and interest on the Bonds are paid. The accrued interest <br />shall be paid into the Bond Retirement Fund to be applied to the payment of the <br />principal and interest of the Bonds in the manner provided by law. <br /> <br />The preliminary official statement of the City relating to the <br />original issuance of the Bonds, substantially in the form now on file with the <br />Fiscal Officer, is approved and its distribution is authorized The Mayor and <br />Fiscal Officer, and any one of them, are authorized and directed to complete and <br />sign, on behalf of the City arid in their official' capacities, an official <br />statement, with such modifications, changes and supplements from the preliminary <br />official statement as those officers or anyone of them shall approve or <br />authorize. Those officers are authorized, on behalf of the City and in their <br />official ca~acities, to (i) determine, and to certifY,or otherwise represent, <br />when the official statement is "deemed finaltl(except for permitted omissions) <br />by the City as of its date or is a final official statement for purposes of SEC <br />Rule lSc2-l2(b)(l), (3) and (4), (ii) use and distribute,or authorize the use <br />arid distribution of, those official statements and any supplements thereto in <br />connection with the original issuance of the Bonds, and CUi) complete and sign <br />those official statements as so _approved together with such certificates, <br />statements or other documents in connection with the finality, accuracy and <br />completeness of those official statements <br /> <br />SECTION 6. The Fiscal-Officer shall appoint a bank or trust company <br />to act as the authenticating agent, bond registrar, transfer agent and_ paying <br />agent for the Bonds (the "Registrarfl). The Fiscal Officer sh.a,ll sign and <br />deliver, in the name and on behalf of the City, the Bond Registrar Agreemerit <br />between the City and the Registrar (the "Agreement") in substantially the form <br />now on file with tbe Fiscal Officer. That Agreement is approved, together with <br />any changes or amendments that are not inconsistent with this ordinance and not <br />substantially adverse to the City and that are approved by the Fiscal Officer on <br />behalf of the City, all of which shall be conclusively_evidenced by the signing <br />of the Agreement or amendments to the Agreement. The Fiscal Officer shall <br />provide for the payment of the services rendered and for reimbursement of <br />expenses incurred pursuant, to the Agreement from the proceeds of the Bonds to the <br />extent available and then from other moneys lawfully available and appropriated <br />or to be appropriated for that purpose. <br /> <br />SECTION 7 For the purpose of providing the necessary funds to pay <br />the interest on the foregoing issue of Bonds promptly when and as the Same falls <br />due, arid also to provide a fund sufficient to pay the principal of the Bonds when <br />due, there shall be and is hereby levied on all taxable property in the City, in <br />addition to all other taxes, a direct tax annually during the period said Bonds <br />are to run in an amount sufficient to provide funds to pay the interest upon said <br />Bonds as and when the same fall due, and also to provide a fund for the payment <br />of the principal of the Bonds when due, which tax shall not be less than the <br />interest and sinking fund tax required by Section 11 of Article XII of the <br />Constitution of Ohio. <br /> <br />SECTION 8 Said tax shall be and is hereby ordered computed, <br />certified, levied and extended upon the tax duplicate and collected by the same <br />officers, in the same m~nner and at the same time that taxes for general purposes <br /> <br />-4- <br />