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~_ CITY OF NORTH OLMSTED oRDauNCE No. ,7L-L~~ AN ORDINANCE ACING SECTION 2 OF 4RDINAUTCE NO. 71-93 7.CJ REVISE TIDE ATE AS 0~' WHICH THE 8016 AUT~RIZED THEREBY SHALL BE ISStTED, AND DECLARING AN CY. WHER~;AS, this Council on July 15, 1871, passed Ordinance No. 71-93 providing for the is~ua~tee of boha.s in the principal amount of 2,400 for the purpose of purchasing a refase packer truck and other trucks for the Service Depart~oextt of the City; and WfiSREAS, this Council finds and determines that it is necessary to amend Section 2 of said Ordinance to revise the date as of which the bonds authorized thereby shall. be issued; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga County, Ohio: Section 1. That Section 2 of Ordinance No. 71-93 passed June 15, 1971, shall be and the same hereby is amended to read in f+t7.l as follows: "Section 2. Said bonds shall be issued in the principal amount of $42,400 for the purpose aforesaid. The said bonds shall be dated September 1, 1971, shall be issued in the de- nomination of $5,000 each, except Bonds Nos. 1 and 4 which shall be of the denomination of $1,000 each, shall be numbered from 1 to 10, both iAClusive, and shall bear interest at the rate of five and one-half per centum (5-1/2~,} per annt:m, payable se~ni.- annt~a].ly on the first day of June and the first day of December of each year beginning June 1, 1972, until the principe~.7. swsa is paid, as evidenced by the coupons attached thereto; provided, however, that if the bonds are sold bearing a different rate of interest than herein specified, such bonds shall bear such rate of interest as may be provided in the resolutign of Council ap- proving the awa~cl. thereof. Such bonds shall mature in their consecutive serial order as fol.l.ows: $11,000 on December 1, 1972 and 1973; and $10,000 on December 1, 1gT4 and 19'(5 which maturities are hereby determined to be in substantially equal annual instal7.ments." Section 2. That Section 2 of Ordinance No. 71-93, passed dune 15, 1971, shall be and the same hereby is repealed. Section 3. That the Clerk of Council. is hereby autYs~rized and directed to certify a copy of this ordinance to the Auditor of Cuyahoga County. Section 4. This ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety, of this City, sr~td for the further reason that the prompt issuance of the bonds herein provided for is necessary to preserve