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' ORDINANCE N0. 83-22 Section 12. Payment and Discharge. If the Issuer shall pay or cause to be paid and discharged the Bond, the covenants, agreements and other obli- gations of the Issuer hereunder and in the Bond, the Agreement and the Assign- ment shall be discharged and satisfied, except for the obligation to make any payment required under loss of tax exemption provisions in Section 3 hereof. Section 13. Compliance with Open Meeting Requirements. It is hereby found and determined that all formal actions of this Legislative Authority concerning and relating to the adoption of this Bond Legislation were adopted in an open meeting of this Legislative Authority, and that all deliberations of this Legislative Authority and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements, including Section 121.22, Ohio Revised Code. Section 14. Payments Due on Sundays and Holidays. In any case where the date of maturity of or due date of interest on or principal of the Bond shall be a Sunday or a day on which the Holder is required, or authorized or not prohibited, by law (including executive orders) to close and is closed, then payment of such interest or principal need not be made on such date but may be made on the next succeeding business day on which the Holder is open for business with the same force and effect as if made on the date of maturity or such due date and no interest shall accrue for the period after such date. Section 15. Emergency. This Bond Legislation is hereby declared to be an emergency measure, the immediate passage of which is necessary for the immediate preservation of the public peace, health and safety of the Issuer and for the further reason that this ordinance must take effect at, the earliest possible time in order to proceed promptly with the issuance and sale of the Bonds in order to maintain and create jobs and advance and promote in- dustrial and economic development within the boundaries of the Issuer; where- for, this Bond Legislation shall be in full force and effect for and immedi- ately after its passage and approval by the Mayor. V. t J. a, President of Council PASSED: Decemb 9., 1983 APPROVED: Ro e G. Bee , May r ?,-?ate APPROVED AS. TO FORM: , Law D3*ector ATTEST: -? • 4& Donna J. Heath Clerk of Council 12