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83-139 Ordinance
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83-139 Ordinance
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1/11/2014 12:36:08 PM
Creation date
12/17/2013 3:49:53 AM
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North Olmsted Legislation
Legislation Number
83-139
Legislation Date
12/6/1983
Year
1983
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?. <br />. ? <br />? <br />vided or permitted under said Chapter 165. Upon request of <br />the purchaser or purchasers of the Bonds, the Company shall <br />give and the Issuer or the trustee or mortgagee designated <br />under such trust agreement or mortgage shall, on behalf and <br />for the protection of the holders of the Bonds, accept such <br />other security as may be provided or permitted under said <br />? <br />Chapter 165. The Issuer shall not have any financial re- <br />sponsibility with respect to the Bonds or the Project gxcept <br />from any "revenues" (as defined in Section 165.01, Ohio <br />Revised Code) derived by the Issuer with respect to the <br />Bonds and the Project. <br />2. Upon receipt of a request from the Company, the <br />Issuer will promptly issue the Bonds in the form of bonds or <br />notes, maturing in such amounts and times, bearing interest <br />at such rate or rates, payable on such dates and containing <br />such optional and mandatory redemption features and prices <br />as are requested by the Company, and will deliver the Bonds <br />to the purchaser or purchasers thereof and cooperate to its <br />fullest extent in consummating the transaction; provided, <br />however, that the Issuer shall not be obligated to issue the <br />Bonds unless and until it receives an approving opinion from <br />qualified bond counsel as to the tax exempt status of the <br />interest on the Bonds, the form of which opinion shall be <br />approved in advance by the Law Director. <br />3. All wages paid to laborers and mechanics employed <br />on the Project shall be paid at the prevailing rates of <br />3
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