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ORDINANCE N0. 84-8 <br />INTRODUCED BY: Council as a Whole <br />AN ORDINANCE AMENDING SECTIONS.8 and 14 <br />OF ORDINANCE N0. 83-22 AND DECLARING AN <br />EMERGENCY. <br />WHEREAS, Council enacted Ordinance No. 83-22 on December 19, 1983; <br />and <br />WHEREAS, Council has determined that said Ordinance should be <br />amended; now, therefore, BE IT ORDAINED BY THE COUNCIL OF HAYFIELD VILLAGE, <br />OAIO, THAT: <br />Section 1. Sections 8 and 14 of Ordinance No. 83-22 are hereby <br />deleted in their entirety and replaced with the following language: <br />Section 8. Covenants and Representations of Is- <br />suer. In addition to other covenants and repre-- <br />sentations of the Issuer contained in this Bond Legis- <br />lation, the Issuer covenants and agrees that: <br />(a) Payment of Bond Services Charges. The Issuer <br />- will, solely from the sources herein provided, pay or <br />cause to be paid the Bond service charges on the dates, <br />at the places and in the manner provided herein and in <br />the Bond. <br />(b) Performance of Covenants, Issuer and Actions. . <br />The Issuer will at all times faithfully observe and <br />perform all agreements, covenants, undertakings, <br />stipulations and provisions contained in the Agreement, <br />the Assignment, this Bond Legislation and the Bond and <br />all proceedings of its legislative Authority pertaining. <br />thereto, on its part to be performed or observed. The <br />Issuer represents that it is, and upon delivery of~the <br />Bond covenants that it will be, duly authorized by the <br />Constitution and laws of the State including par- <br />ticularly and without limitation the Act, to issue the <br />Bond, to execute and enter into the Agreement and the <br />Assignment and to provide the security for payment of <br />the Bond service-charges in the manner and to the extent <br />herein and in the Bond set forth; that all actions on <br />its part for the issuance of the Bond and execution and <br />delivery of the Agreement and the Assignment have been <br />or will be-duly and effectively taken; and that the Bond <br />in the hands of the Holder will be 'a valid and enforce- <br />able special obligation of the Issuer according to the <br />terme.the.reof. Each obligation of the Issuer required <br />to be undertaken pursuant to the Bond Legislation, the <br />Agreement, the Assignment and the Bond is binding upon <br />