Laserfiche WebLink
proceeds from the sale of said Bonds, except the accrued interest <br />thereon, shall be paid into the proper fund and used for the <br />purpose for which the Bonds are being issued under the provisions <br />of this ordinance and may be used to pay thOse certain costs of <br />issuance set forth in Section 133.15(B), Ohio Revised Code; any <br />such costs also may be paid out of any other lawfully available <br />moneys of the City and any such costs which are future financing <br />costs may be paid from the same sources from which the principal of <br />and interest on the Bonds are paid. The accrued interest and any <br />capitalized interest (the amount which shall be determined by the <br />Fiscal Officer) shall be paid into the Bond Retirement Fund to be <br />applied to the payment of the principal and interest of the Bonds <br />in the manner provided by law. <br /> A preliminary official statement of the City relating to <br /> the original issuance of the Bonds is authorized to be distributed. <br /> The Mayor and Fiscal Officer, and any one of them, are authorized <br /> and directed to complete and sign, on behalf of the City and in <br /> their official capacities, an official statement, with such <br /> modifications, changes and supplements from the preliminary <br /> official statement as those officers or any one of them shall <br /> approve or authorize. Those officers are authorized, on behalf of <br /> the City and in their official capacities, to (i) determine, and to <br /> certify or otherwise represent, when the official statement is <br /> "deemed final" (except for permitted omissions) by the City as of <br /> its date or is a final official statement for purposes of SEC Rule <br /> 15c2-12(b) (1), (3) and (4), (ii) use and distribute, or authorize <br /> the use and distribution of, those official statements and any <br /> supplements thereto in connection with the original issuance of the <br /> Bonds, and (iii) complete and sign those official statements as so <br /> approved together with such certificates, statements or other <br /> documents in connection with the finality, accuracy and <br /> completeness of those official statements. <br /> SECTION 6. The Fiscal Officer shall appoint a bank or <br /> trust company to act as the authenticating agent, bond registrar, <br /> transfer agent and paying agent for the Bonds (the ,,Registrar"). <br /> The Fiscal officer shall sign and deliver, in the name and on <br /> behalf of the City, a Bond Registrar Agreement between the City and <br /> the Registrar (the ,,Agreement"). The ]Fiscal Officer shall provide <br /> for the payment of the services rendered and for reimbursement of <br /> expenses incurred pursuant to the Agreement from the proceeds of <br /> the Bonds to the extent available and then from other moneys <br /> lawfully available and appropriated or to be appropriated for that <br /> purpose. <br /> SECTION 7. For the purpose of providing the necessary <br /> funds to pay the interest on the foregoing issue of Bonds promptly <br /> when and as the same falls due, and also to provide a fund <br /> sufficient to pay the principal of the Bonds when due, there shall <br /> 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 <br /> period said Bonds are to run in an amount sufficient to provide <br /> funds to pay the interest upon said Bonds as and when the same fall <br /> due, and also to provide a fund for the payment of the principal of <br /> the Bonds when due, which tax shall not be less than the interest <br /> and sinking fund tax required by Section 11 of Article XII of the <br /> Constitution of Ohio. <br /> SECTION 8. Said tax shall be and is hereby ordered <br /> computed, certified, levied and extended upon the tax duplicate and <br /> collected by the same officers, in the same manner and at the same <br /> time that taxes for general purposes for each of said years are <br /> certified, extended and collected. Said tax shall be placed before <br /> and in preference to all other items and for the full amount <br /> <br />7 <br /> <br /> <br />