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ORDINANCE N0. 81-33 <br />INTRODUCED BY: Council as a Whole <br />AN EMERGENCY ORDINANCE TO AMEND SECTION 3 OF <br />ORDINANCE N0. 81-25 TO ELIMINATE THE PROVI- <br />SION THAT THE NOTES ISSUABLE PURSUANT TO SAID <br />ORDINANCE N0. 81-25 IN THE AGGREGATE PRINCI- <br />PAL AMOUNT OF TWO HUNDRED THIRTY THOUSAND <br />DOLLARS ($230,000.00) IN ANTICIPATION OF THE <br />ISSUANCE OF BONDS FOR THE PURPOSE OF PRO- <br />VIDING FUNDS FOR THE CONSTRUCTION OF A SER- <br />VICE BUILDING AND SITE IMPROVEMENTS THEREFOR <br />SHALL BE REDEEMABLR AT THE OPTION OF THE <br />VILLAGE PRIOR TO MATURITY. <br />Whereas, pursuant to Ordinance No. 81-25, passed by the Council <br />of the Village of Mayfield Village (the "Council") on June 1, 1981, <br />notes (the "1981 Notes") in the aggregate principal amount of Two Hundred <br />Thirty Thousand Dollars ($230,000.00), are to be issued .f or the purposes <br />therein stated; and <br />Whereas, this Ordinance constitutes an emergency measure <br />necessary for the preservation of the public peace, health and safety of <br />the Village of Mayfield Village (the "Village") and its inhabitants in <br />that the immediate issuance and sale of the 1981 Notes is necessary to <br />enable the Village to pay and retire its note in the principal amount of <br />Two Hundred Thirty Thousand Dollars ($230,000), dated July 3, 1980 and <br />maturing on July 2, 1981; now therefore, <br />BE IT ORDAINED BY THE COUNCIL OF THE VILLAGE OF HAYFIELD <br />VILLAGE, STATE OF OHIO: <br />Section 1. That Section 3 of said Ordinance No. 81-25 be and <br />hereby is amended to delete the phrase "shall be redeemable at the <br />