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85-004 Ordinance
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85-004 Ordinance
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Last modified
1/11/2014 12:48:31 PM
Creation date
1/9/2014 4:42:46 AM
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North Olmsted Legislation
Legislation Number
85-004
Legislation Date
2/19/1985
Year
1985
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? <br /> <br /> <br />To: City of North Olmsted <br />Administration Building <br />5200 Dover Center <br />North Olmsted, Ohio <br />Attention: City Manager <br />RE UEST <br />The undersigned, TRANSOHIO SAVINGS BANK, F.S.B. <br />("Transohio") represents that it is the holder of the entire <br />$590,000 Industrial Development First Mortgage Revenue Bond <br />(Bryant & Stratton Project) of the City of North Olmsted, <br />Ohio. The Bond and/or its related documents (the "Bond") are <br />presently subject to a restriction on transfsrability which <br />restricts the sale of the Bond to only a financial <br />institution. Transohio desires to transfer the Bond or <br />interests therein and use the proceeds of such transfer in its <br />business. In order to facilitate the contemplated transfer, <br />Transohio hereby requests that the City of North Olmsted, Ohio <br />waive the restriction on transferability above referred to for <br />all future transfers and assignments of the Bond or any <br />interest therein. <br />TRANSOHIO SAVINGS BANK, F.S.B. <br />Dated: October _3, 1984 B <br />Y <br />Execut e Vice President and <br />Chief Op rating Officer <br />CONSENT <br />The undersigned, Fogg-North Olmsted, Ltd., represents <br />that it is the owner of the project financed with the proceeds <br />of the Bond described in t ? <br />consents to the waiver reqtk <br />ested abong byqTransohaohereby <br />TED, LTD. <br />Dated: November 21 , 1984 <br />Qy[fivii W. ruy9 <br />Title: General Partner
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