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y REsoLUTIoN No. 235 . <br />- By Ir6rs. Cass AN EMERG'MCY RFSOLUTIOIY REQUEST]NG THE FISCAL OFFICER TQ <br />CERTTFY TO CQUNClZ HER CONGLUSSOIVS AS T(3 THE ESTTMATID. <br />LIE'E QF THE ]MPROVEMENMS PROP_OSED • TO B E CON52'RUETE'D.. <br />FROM TIiE..PROCEIDS OF BONDS RROPO.SEID Ta BE EKECUTED _AND <br />ALSO TQ CERTIFY.THE :MAXIM? AdATURITY. OF SUCH B(3Iq)S IN <br />ACCORDANCE WITH REVISED CODE SECTTON 133.21.AND THE <br />MAXMM MATURITY OF 7iiE NC?TE ISSUID ?N ANTICTPATION <br />OF SUGH BONNDS.. <br />WHEEAS, this'Counc3l contemplates issuing $17,600.00 bonds of <br />which all of which is- proposed to b e-used for the i.mpa•ovemeat of Bonnievisw <br />Road from SOM Center.Road in an Easter3y- d3rect3..on to the Westerly ]3ne of <br />Beach Hil1. Road bg the construetion aaid -ix?stallatiors of a water main and <br />appurtenances, all of which Eoaistruction and 3.mprovement wi11 be in aecordance <br />with the general plans and spedifieatiuns and profi].es heretofore adopted <br />by this Councils and <br />WHENF,AS, Seetions 133e24- and Sections- 133".21 of the Ravised Code <br />of ahio require the fisea]s officer of the Vi3lage- of Mayfie].d to certi,fy to <br />this Council her estimate-,of the 1ife of tbe improvements proposed to be <br />constructed from the px4oceed.s of said bonds, and a].so to eertify to this <br />Council the maximum maturity of sucjh bonds-in aceordance with Section 133.20a <br />includ3x?g the weighted average of the anounts proposEd to be expdnded for <br />seQera], elasses of, improveffients, and also the maxLmn matnrity of notes <br />issued in antieipation of such-bonds:: NOW THEREFOFtE BE IT RESOLVED BY THE COUNCIL OF TFiE VIyTAGE OF <br />MA'YFIEW., CUYAHOGIL COt7NTY OHIO : <br />Seca.. 1. Tha-t ther-fiscal officer be, arid she- is; hereby requested <br />to certify-TF-iEg Cotancil her conclusions-as to the -estimated life of the <br />improvemerrts proposed to be- construeted £rom the proceeds of sai.d bonds and. <br />a3so to eertify to this Council the max+mtinn maturity of snch bonds, calc».].ated <br />in aceordanee -w3.th the pirovisiAns of Sectiora 133.20 and the maximum maturity <br />of the- notes issued in -anti.eipat%on of such-bonds. ? <br />Se? c. 2. That this resolution is hereby deelared to be an emergency <br />measure, neeessary to complete the legi.slation for the issue of said notes., <br />and sha7.1 takp-- ef??et: i?m?di?tel?r oM it?s ado?p?io as an -anergencr measure and <br />is necessary or eir?rne ia e preserua ion t?ie public peacg ealth and safety. <br />Passed this 19th day of October, 1953. <br />Attests <br />SEAL C7:erk <br />Approved. <br />.?? <br />or -_ si en of oune • <br />. . _..•,:<:.;;.. .:, ?:,:. .. ..__..?. , <br />;,. .: