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?,x... <br />income tax purposes, and the officers identified above are authorized to take actions with respect to <br />those issues as they are authorized in this Section to take with respect to the Notes. <br />Section 11. The Clerk of Council is directed to deliver a certified copy of this <br />ordinance and a copy of the Certificate of Award to the County Auditor. <br />Section 12. This Council determines that all acts and conditions necessary to be done <br />or performed by the City or to have been met precedent to and in the issuing of the Notes in order to <br />make them legal, valid and binding general obligations of the City of North Olmsted have been <br />performed and have been met, or will at the time of delivery of the Notes have been performed and <br />have been met, in regular and due form as required by law; that the full faith and credit and general <br />property taxing power (as described in Section 9) of the City are pledged for the timely payment of <br />the debt charges on the Notes; and that no statutory or constitutionallimitation of indebtedness or <br />taxation will have been exceeded in the issuance of the Notes. <br />Section 13. This Council finds and deternunes that a11 formal actions of this Council <br />and of any of its committees concerning and relating to the passage of this ordinance were taken, <br />and that all deliberations of this Council and of any committees that resulted in those formal actions <br />were held, in meetings open to the public in compliance with the law. <br />Section 14. This ordinance is declazed to be an emergency measure necessary for the <br />immediate preservation of the public peace, health, safety and welfare of the City, and for the <br />further reason that this ordinance is required to be immediately effective in order to issue and sell <br />the Notes, which is necessary to enable the City to timely retire the Outstanding Notes and thereby <br />preserve its credit; wherefore, this ordinance sha11 be in full force and effect immediately upon its <br />passage and approval by the Mayor. <br />r <br />r <br />Passed: ' '?Lu 1999 <br />l`? d? ' ??1 ?.? ??l/ ? /?•?'C? %Z /j <br />Attest: ?--? i <br />L Clerk of Counci `' Presidnt of Council <br />Approved: , 1999 <br />s,' 7 q? <br />? <br />. <br />, <br />Mayor <br />-8- <br />,