Laserfiche WebLink
<br />(2) to take such actions as are necessary or appropriate to consunnnate the <br />transactions contemplated by this ordinance. <br /> <br />Section 13. C~rtification to County Auditor. TIris Council directs the Director of <br />Finance or the Clerk of this Council to forward a certified copy of this ordinance and a copy of <br />the Certificate of Award to the County Auditor. <br /> <br />Section 14. Defmitions. Words and terms are used in this ordinance with the following <br />mearungs: <br /> <br />"Authorized Denominations" means the denomination of $100,000 or any integral <br />multiple of$l,OOO in excess of$100,000. <br /> <br />"Bonds" means the bonds anticipated by the Notes. <br /> <br />"Book-Entry Form" or "Book-Entry Systern" means a form or system under which <br />(a) the ownership of book-entry interests in Notes and the Debt Service on the Notes may be <br />transferred only through a book entry, and (b) physical note certificates in fully registered form <br />are issued by the City only to a Depository or its nominee as registered owner, with the Notes <br />deposited and retained in the custody of the Depository or its agent. <br /> <br />"Certificate of Award" means the certificate authorized by Section 7 of this ordinance, <br />setting forth the terms and other provisions of the Notes required or authorized by this ordinance. <br /> <br />"Closing Date" means the date of delivery of and payment for the Notes. <br /> <br />"Code" means the Internal Revenue Code of 1986, as amended. References to the Code <br />and sections of the Code include applicable regulations (whether temporary or final) under the <br />Code, and any amendments of, or successor provisions to, those sections or regulations. <br /> <br />"Debt Service" means all amounts due as principal, interest, and any premium on an issue <br />of securities. <br /> <br />"Depository" means any securities depository that is a clearing agency under federal law <br />operating and maintaining, with its Participants or otherwise, a Book-Entry System to record <br />ownership of book-entry interests in securities or the principal of and interest on securities, and <br />to effect transfers of securities, in Book-Entry Form and means initially the Depository Trust <br />Company, New York, New York, a limited purpose trust company. <br /> <br />"Federal Tax Status" means the status of the interest on the Notes as excludable from <br />gross income for federal income tax purposes and not treated as an item of tax preference for <br />purposes of the alternative minimum tax. <br /> <br />"Financing Costs" means any fillancing costs authorized to be paid by Section 133.01(K) <br />of the Ohio Revised Code. <br /> <br />9 <br />