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46-2020 - Bond Issuance for 2021 Capital Improvements
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46-2020 - Bond Issuance for 2021 Capital Improvements
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1/26/2021 8:11:15 PM
Creation date
1/26/2021 7:49:02 PM
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Office Of Council
Document Type
Ordinances
Number
46-2020
Date Adopted
1/19/2021
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regular and due form as required by law; that the Revenues are hereby irrevocably pledged for the prompt <br />payment of the principal and interest thereof at maturity; and that no limitation of indebtedness or taxation, <br />either statutory or constitutional, has been exceeded in issuing the Notes. <br />Section 17. Compliance with Open Meeting Requirements. It is hereby found and determined <br />that all formal actions of this Council concerning and relating to the adoption of this Ordinance were <br />adopted in an open meeting of this Council, and that all deliberations of this Council and of any of its <br />committees that resulted in such formal action, were in meetings open to the public, in compliance with all <br />legal requirements including Section 121.22 of the Ohio Revised Code. <br />Section 18. Emergency Measure. This Ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public property, health and safety, and to provide <br />for the usual daily operations of municipal departments, and for the further reason that this Ordinance is <br />required to be immediately effective in order to issue and sell the Notes to enable the City to timely retire <br />the Outstanding Notes and thereby preserve its credit, and provided it receives the affirmative vote of at <br />least two thirds of the members of this Council, this Ordinance shall take effect and be in force at the <br />earliest date possible as set forth in Section 2.12 of the Charter. <br />I <br />Passed: � I� , 2021 <br />Approved: ! Z 1 52021 <br />Meghan F. George, Mayor <br />15880642v2 <br />
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