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ORDINANCE NO. 2010- 21 PAGE 4
<br />advantages to the Village and its taxpayers and based on conditions then existing in the financial
<br />markets, consistently with the provisions of Section 3, establish the interest rate or rates to be
<br />borne by the Notes and make such other determinations with respect thereto as provided herein,
<br />sign the Certificate of Award referred to in Section 3 evidencing that sale, cause the Notes to be
<br />prepared, and have the Notes signed and delivered, together with a true transcript of proceedings
<br />with reference to the issuance of the Notes if requested by the original purchaser, to the original
<br />purchaser upon payment of the purchase price. The Director of Finance is also authorized, if
<br />requested by the original purchaser as a condition of such sale, to execute, on behalf of the Village,
<br />a Note Purchase Agreement between the Village and such original purchaser relating to the sale of
<br />such Notes, or the sale of any consolidated issue of which the Notes are a part, substantially in the
<br />form now on file with the Clerlc of Council, which Note Purchase Agreement is hereby approved,
<br />together with any changes or amendments not inconsistent with this ordinance and not
<br />substantially adverse to the Village and that are approved by the Director of Finance on behalf of
<br />the Village, all of which shall be conclusively evidenced by the signing of the Note Purchase
<br />Agreement or any amendments thereto by the Director of Finance. The Mayor, the Director of
<br />Finance, the Clerk of Council, the President of Council, the Law Director and other Village
<br />officials, as appropriate, are each authorized and directed to sign any transcript certificates,
<br />financial statements and other documents and instruments and to take such actions as are
<br />necessary or appropriate to consuminate the transactions contemplated by this ordinance. The
<br />Director of Finance is authorized, if it is determined to be in the best interest of the Village, to
<br />combine the issue of Notes with one or more other note issues of the Village into a consolidated
<br />note issue pursuant to Section 133.30(B) of the Revised Code.
<br />If in the judgment of the Mayor or the Director of Finance a disclosure document in
<br />the form of an official statement is appropriate or necessary relating to the original issuance of the
<br />Notes, either or both of those officers, on behalf of the Village and in their official capacities, are
<br />authorized to (i) prepare or cause to be prepared, and make or authorize modifications,
<br />completions or changes of or supplements to, such an official statement, (ii) determine, and to
<br />certify or otherwise represent, when the official statement is to be "deemed final" (except for
<br />permitted omissions) by the Village as of its date or is a final official statement for purposes of
<br />SEC Rule 15c2-12(b)(1), (3) and (4), (iii) use and distribute, or authorize the use and distribution
<br />of those official statements and any supplements thereto in connection with the original issuance
<br />of the Notes, and (iv) complete and sign those official statements as so approved together with
<br />such certificates, statements or other documents in connection with the finality, accuracy and
<br />completeness of those official statements.
<br />Section 7. The proceeds from the sale of the Notes, except any premium and accrued
<br />interest, shall be paid into the proper fund or funds and those proceeds are appropriated and shall
<br />be used for the purpose for which the Notes are being issued. Any portion of those proceeds
<br />representing premium and accrued interest shall be paid into the Bond Retirement Fund.
<br />Section 8. The par value to be received from the sale of the Bonds or of any renewal
<br />notes and any excess funds resulting from the issuance of the Notes shall, to the extent necessary,
<br />be used to pay the debt charges on the Notes at maturity and are pledged for that purpose.
<br />Section 9. During the year or years in which the Notes are outstanding, there shall
<br />be levied on all the taxable property in the Village, in addition to all other taxes, the same tax
<br />that would have been levied if the Bonds had been issued without the prior issuance of the
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