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2 <br />deduction for services of the City's paying agent, at the main office of <br />National City Bank, Cleveland, Ohio, or at the principal office of a bank or <br />trust company requested by the original purchaser of the Notes, provided that <br />such request shall be approved by the Director of Finance after determining <br />that the payment at that bank or trust company will not endanger the funds or <br />securities of the City and that proper procedures and safeguards are available <br />for that purpose. The Notes shall be dated the date of issuance, and shall <br />mature on June 6, 1990. <br />Section 5. The Notes shall be signed by the Mayor and Director of <br />Finance, in the name of the City and in their official capacities, provided <br />that one of those signatures may be a facsimile, and bear the corporate seal <br />of the City or a facsimile of that seal. The Notes shall be issued in the <br />denominations and numbers as requested by the original purchaser and approved <br />by the Director of Finance, provided that the entire principal amount may be <br />represented by a single note. The Notes shall not have coupons attached, <br />shall be numbered as determined by the Director of Finance and shall express <br />upon their faces the purpose for which they are issued and that they are <br />issued pursuant to this ordinance. <br />Section 6. The Notes are offered at par and accrued interest, if <br />any, to the Director of Finance, as officer in charge of the Bond Retirement <br />Fund of the City. Notes not purchased for the Bond Retirement Fund or for <br />other funds of the City shall be sold at private sale by the Director of <br />Finance in accordance with law and the provisions of this ordinance. The <br />Director of Finance shall sign the certificate of award referred to in Section <br />3 evidencing that sale, cause the Notes to be prepared, and have the Notes <br />signed and delivered, together with a true transcript of proceedings with <br />reference to the issuance of the Notes if requested by the original purchaser, <br />to the original purchaser upon payment of the purchase price. <br />Section 7. The proceeds from the sale of the Notes, except any <br />premium and accrued interest, shall be paid into the proper fund or funds and <br />those proceeds are appropriated and shall be used for the purpose for which <br />the Notes are being issued. Any portion of those proceeds representing pre- <br />mium and accrued interest shall be paid into the Bond Retirement Fund. <br />Section 8. The par value to be received from the sale of the Bonds <br />or of any renewal notes and any excess funds resulting from the issuance of <br />the Notes shall, to the extent necessary, be used to pay the principal of and <br />interest on the Notes at maturity and are pledged for that purpose. <br />Section 9. During the year or years in which the Notes are out- <br />standing, there shall be levied on all the taxable property in the City, in <br />addition to all other taxes, the same tax that would have been levied if the <br />Bonds had been issued without the prior issuance of the Notes. The tax shall <br />be within the 11.1 mill limitation provided by the Charter of the City, shall <br />be and is ordered computed, certified, levied and extended upon the tax <br />duplicate and collected by the same officers, in the same manner, and at the <br />same time that taxes for general purposes for each of those years are <br />certified, levied, extended and collected, and shall be placed before and in <br />preference to all other items and for the full amount thereof. The proceeds <br />