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RES OLUTTON NoA 439 <br />By Iqrg Brot,rn <br />? <br />? <br />? <br />01 <br />? b <br />CL <br />z <br />? <br />U) <br />? <br />? <br />?U <br />t1. <br />? <br />? <br />a <br />C? <br />? <br />n <br />1?N EMERGENCY RFSOLUTIOPd REQUESTING Z`HE £ISCAL OFFTCER TO <br />CERTIFY TO COUNCIG HT.S CONCLUSIOM AS TO THE E.STIMATED LIFE <br />OF THE IhTPROMIEN'1'S PROPQSED TO BE COIBTRUCTED FRO14 THE <br />PRdCEEDS OF BONAS PROPOSED TO BE EXECUTED AND AIS 0 TO <br />CERTSFY 'IHE MAX:I??IJIl MATURTTY OF SUCH BON?DS El ACCORDANCE <br />WITH REVIaSEll CCtDE 5EC`rION 11-3.21 AND THE N'?AXDIUM PiA.TURTTY <br />OF THE NOTE ISSUED 1Td AIVTICIPATION OF SUCH BOMS a <br />Tn)HERW, this Counca.l c on uempla tes is suing $2$ 9 200 • 00 bonds of <br />which a7.l of which is proposed to be isstied for the improvement of SONi <br />Center Road9 from Highland Road in a Southerly direction 2650 feet to the <br />existing water main, by the constructian and ins-ta].lation of a water main <br />and appurtenances, all of which construction and improvement shall be in <br />accordance wi.th the general plans and specifications and prof`i.les heretofore <br />adoptecl by thzs Council; and <br />WHEREAS9 Sections 133.24 and Sections 133.21 of the Revised Code <br />of Ohio require the fiscal officer of the Village of Mayfield to cer•tify to <br />this Council his estimate of t,he life of the improvements proposed to be <br />corstructed from the proceeds of said boncls, and also to certify to this <br />Counc9l the maxa.tmun maturity of such bonds in accordance with Section 133,20, <br />incZuding the weighted average of the amounts proposed to be expended f or <br />several classes of improvemeni•,s, and also the maximum maturity of nol;es <br />issued in anticipation of such bonds. <br />NOT^r Z'HEREFORE BE IT RESOLVVED BY `1'TIE COUNCII, OF THE VaZLAGE OF <br />YJAYFIELD, CUYAH OGA COUNTY OHIO s <br />Sec. l. That the fiscal officer be, and he is' hereby reques-Fed <br />to certify to this Council his conclv.sions as to the estimated life of the <br />improvements proposed to be constructed from the proceeds of said bonds and <br />also to certify -to -this Counci7. the maxa..rrium maturity of such b onds, c alculated <br />in accordance with the prov-isions of Section 133.20 and the max'znum maturity <br />of the notes issued in anticipation of such bonds. <br />Sec. 2m That tlais resolu'uion is hereby declared -to be an emergency <br />measuie, necessary to complete the legislation for the issue of said notes9anci. <br />sha1.1 take effect immediatel.y on its adoption as an e mergency measure' and is <br />necessary for -i.ne imrnediate presei^vation of -the public peace' h ea].th and safety. <br />Adopted this 20t.h day of October , 1958, <br />Attests <br />Mayor > Px°esident of Council <br />(SEAI) <br />;,; ,