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<br />The Director of Finance is also hereby authorized and directed, to the extent necessary
<br />or required, to enter into any agreements determined necessary in connection with the book entry
<br />system for the Notes, after determining that the signing thereof will not endanger the funds or
<br />securities of the City.
<br />Section 6. The Notes shall be sold by the Director of Finance at private sale to NatCity
<br />Investments, Inc., Cleveland, Ohio (the Original Purchaser), at a purchase price not less than 97% of
<br />par plus accrued interest, in accordance with law and the provisions of this ordinance. In
<br />accordance with her determination of the best interest of the City and the amount required for the
<br />purpose set forth in Sections 1 and 3, and based on conditions then existing in the financial mazkets,
<br />the Director of Finance shall sign the Certificate of Awazd to establish and specify the aggregate
<br />principal amount of the Notes to be issued, the interest rate the Notes are to bear, the final purchase
<br />price of the Notes and other final terms of the Notes in accordance with the provisions of this
<br />ordinance and evidence the sale of the Notes to the Original Purchaser. Thereafter, the Director of
<br />Finance shall cause the Notes to be prepared, and have the Notes signed and delivered, together
<br />with a true transcript of proceedings with reference to the issuance of the Notes if requested by the
<br />Original Purchaser, to the Original Purchaser upon payment of the purchase price. The Mayor, the
<br />Director of Finance, the Clerk of Council, the Director of Law, the Clerk of Council and other City
<br />officials, as appropriate, are each authorized and directed to sign any transcript certificates, fmancial
<br />statements and other documents and instruments and to take such actions as are necessary or
<br />appropriate to consummate the transactions contemplated by this ordinance. The Director of
<br />Finance is authorized, if it is deternuned to be in the best interest of the City, to combine the issue of
<br />Notes with one or more other note issues of the City into a consolidated note issue pursuant to
<br />Section 133.30(B) of the Revised Code; provided that, if the aggregate principal amount of any such
<br />consolidated note issue is $1,000,000 or more, no note of that issue shall be issued in a
<br />denomination less than $100,000 or be exchangeable for other notes in denominations less than
<br />$100,000, unless a disclosure document in the form of an official statement is prepared, distributed
<br />and used in connection with the primary offering of that issue.
<br />If, in the judgment of the Mayor and the Director of Finance, the preparation,
<br />distribution and use of a disclosure document in the form of an official statement is appropriate in
<br />connection with the primary offering of the Notes (or a consolidated issue of which the Notes are a
<br />part), either or both of those officers, on behalf of the City and in their official capacities, may (i)
<br />prepare or cause to be prepared, and make or authorize modifications, completions or changes of or
<br />supplements to, such an official statement (which may include the City's 1999 Annual
<br />Informational Statement in connection with Bonds and Notes), (ii) determine, and to certify or
<br />otherwise represent, when the official statement is to be "deemed final" (except for permitted
<br />omissions) by the City as of its date or is a final official statement for purposes of SEC Rule
<br />15c2-12(b)(1), (3) and (4), (iii) use and distribute, or authorize the use and distribution of those
<br />official statements and any supplements thereto in connection with the original issuance of the
<br />Notes, and (iv) complete and sign those official statements as so approved together with such
<br />certificates, statements or other documents in connection with the finality, accuracy and
<br />completeness of those official statements.
<br />The Mayor and the Director of Finance are authorized, on behalf of the City and in
<br />their official capacities, to (i) prepare or cause to be prepared, and make or authorize modifications,
<br />completions or changes of or supplements to, a disclosure document in the form of an official
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