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FISCAL OFFICER'S CERTIFICATE <br />1989 MOTORIZED EQUIPMENT BOND ANTICIPATION NOTES <br /> <br />1993 RENEWAL <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br />Lakewood, Ohio <br />September 7, 1993 <br /> <br /> The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the <br />"City"), as defined bY Revised Code Section 133.01 and in the ordinance <br />authorizing the bonds and notes hereinafter referred to, hereby certifies in <br />connection with your proposed issue of bonds and notes in anticipation thereof <br />in the principal amount of $220,000 for the purpose of purchasing motorized <br />equipment, as follows: <br /> <br /> 1. That the estimated life of the equipment to be acquired from ,the <br />proceeds of such bonds is hereby certified to be at least five (5) years. <br /> <br /> 2. That the maximum maturity of such bonds to be issued for such <br />purpose, calculated in accordance with the provisions of Section 133.20, Ohio <br />Revised Code is five (5) years, provided that if notes in anticipation of such <br />bonds are outstanding later than the last day of December of the fifth year <br />following the year of issuance of the original notes, the period thereof in <br />excess of five (5) years shall be deducted from the latest permitted maturity of <br />said bonds. <br /> <br /> 3. The maximum maturity of notes issued in anticipation of such <br />bonds is ten (10) years from the date of issuance of the original notes issued <br />for such purposes. <br /> <br />FisY~ " <br />City of Lakewood, Ohio <br /> <br />134~14282AYA.81B <br /> <br /> <br />