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u~,~~._ . _.i .___.. <br />3 <br />the Project and the proposed issuance of the Project Bonds as <br />defined herein, and to afford those parties an opportunity to <br />express their views on the subject both orally and in writing; <br />and <br />WHEREAS, this Ordinance constitutes an emergency <br />measure for the preservation of the public peace, health and <br />safety of the Issuer and its inhabitants in that the immediate <br />authorization and approval of the issuance of the Issuer's <br />revenue bonds to finance the Project is necessary for the <br />Company to proceed with the Project financing and to create and <br />preserve employment and job opportunities and enhance the <br />economic welfare of the Issuer; <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE <br />CITY OF NORTH OLMSTED, OHIO THAT: <br />Section 1. Definitions. In addition to the words and <br />terms defined elsewhere in this Bond Legislation, unless the <br />context or use clearly indicates another meaning or intent: <br />"Act" means Chapter 165, Ohio Revised Code, as enacted <br />and amended from time to time pursuant to Section 13 of Article <br />VIII of the Ohio Constitution. <br />"Additional Bonds" means bonds which may be issued <br />under Section 2.04 of the Indenture. <br />"Additional Notes" means any nonnegotiable promissory <br />note or notes, in addition to the Project Note, delivered by <br />the Company to the Trustee in connection with the issuance of <br />Additional Bonds, as provided in the Agreement. <br />