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81-052 Ordinance
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81-052 Ordinance
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1/11/2014 11:45:28 AM
Creation date
12/12/2013 10:20:19 AM
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North Olmsted Legislation
Legislation Number
81-052
Legislation Date
5/5/1981
Year
1981
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. . <br /> <br />.--1. <br />FISCAL OFFICER'S CERTIFICATE <br />TO THE.COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />? <br />? <br />The undersigned, Director of Finance of the City of Nortti Olmsted, <br />Ohio, as the fiscal officer thereof, hereby certifies in connection with <br />your proposed issue of notes in anticipation of the issuance of bonds for <br />the purpose of providing funds to purchase two ambulances and a fire pumper <br />for the Division of Fire of the Department of Public Safety, as follows: <br />1. That the estimated life of the equipment described above is <br />hereby certi:fied to be at least five years. <br />2. That the maximum maturity of bonds to be issued for that <br />equipment, calculated in accordance with the provisions of Section 133.20, <br />Ohio Revised Code, is 10 years, provided that if notes in anticipation of <br />such bonds are outstanding fo r a period in excess of five years from the <br />date of the original issue, the period in excess of five years shall be <br />deducted from such maximum maturity oE said bonds. <br />3. That the maximum maturity of the notes in anticipation of the <br />issuance of bonds to be issued for that equipment is eight years from the <br />date of the original issue, to wit: October 12, 1984, provided that if <br />such notes are sold at private sale, then their maximum maturity is one <br />year. <br />Respectf,illy submitted, <br />?C`'CtE' 2 , ?'?- C?-?° -?-??-?-?- <br />? <br />Director of Finance <br />City of North Olmsted, Ohiu <br />Dated: April 7, 1981
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