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95-089 Ordinance
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95-089 Ordinance
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1/10/2014 3:25:33 PM
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North Olmsted Legislation
Legislation Number
95-089
Legislation Date
6/6/1995
Year
1995
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-2- <br />Notes, establish a maturity date that is up to three months less than one year from <br />the date of issuance by setting forth that date in the Certificate of Award. <br />Section 2. Section 4 of Ordinance No. 95-64, as passed on May 16, 1995, be and <br />the same is hereby repealed. <br />Section 3. Section 4 of Ordinance No. 95-65, as passed on May 16, 1995, is hereby <br />amended to read as follows: <br />Section 4. The debt charges on the Notes shall be payable in Federal Reserve <br />Funds of the United States of America, without deduction for services of the City's <br />paying agent, at the principal corporate trust office of National City Bank, <br />Cleveland, Ohio (the Paying Agent). The Notes shall be dated the date of issuance <br />and shall mature one year from the date of issuance, provided that the Director of <br />Finance may, if it is determined to be necessary or advisable to the sale of the <br />Notes, establish a maturity date that is up to three months less than one year from <br />the date of issuance by setting forth that date in the Certificate of Award. <br />Section 4. Section 4 of Ordinance No. 95-65, as passed on May 16, 1995, be and <br />the same is hereby repealed. <br />Section 5. Section 4 of Ordinance No. 95-66, as passed on May 16, 1995, is hereby <br />amended to read as follows: <br />Section 4. The debt charges on the Notes shall be payable in Federal Reserve <br />Funds of the United States of America, without deduction for services of the City's <br />paying agent, at the principal corporate trust office of National City Bank, <br />Cleveland, Ohio (the Paying Agent). The Notes shall be dated the date of issuance <br />and shall mature one year from the date of issuance, provided that the Director of <br />Finance may, if it is determined to be necessary or advisable to the sale of the <br />Notes, establish a maturity date that is up to three months less than one year from <br />the date of issuance by setting forth that date in the Certificate of Award. <br />Section 6. Section 4 of Ordinance No. 95-66, as passed on May 16, 1995, be and <br />the same is hereby repealed. <br />Section 7. Section 4 of Ordinance No. 95-69, as passed on this date, but prior to <br />the passage of this ordinance, is hereby amended to read as follows: <br />Section 4. The debt charges on the Notes shall be payable in Federal Reserve <br />Funds of the United States of America, without deduction for services of the City's <br />paying agent, at the principal corporate trust office of National City Bank, <br />Cleveland, Ohio (the Paying Agent). The Notes shall be dated the date of issuance <br />and shall mature one year from the date of issuance, provided that the Director of <br />Finance may, if it is determined to be necessary or advisable to the sale of the <br />Notes, establish a maturity date that is up to three months less than one year from <br />the date of issuance by setting forth that date in the Certificate of Award. <br />Section 8. Section 4 of Ordinance No. 95-69, as passed on this date, but prior to <br />the passage of this ordinance, be and the same is hereby repealed. <br />D03: [00523.DOCS. NOR05223]AMENDING_ORDINANCE. <br />
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