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<br />-3- <br />address of the Paying Agent, by certified or registered mail to the original purchaser of the <br />Notes not less than seven days prior to the date of that deposit, unless that notice is waived by <br />the original purchaser of the Notes. If money for prepayment is on deposit with the Paying <br />Agent on the specified prepayment date following the giving of that notice (unless the <br />requirement of that notice is waived as stated above), interest on the principal amount prepaid <br />shall cease to accrue on the prepayment date, and upon the request of the Director of Finance <br />the original purchaser of the Notes shall arrange for the delivery of the Notes at the designated <br />office of the Paying Agent for prepayment and surrender and cancellation. <br />Section 5. The Notes shall be signed by the Mayor and Director of Finance, in the <br />name of the City and in their official capacities, provided that one of those signatures may be a <br />facsimile. The Notes shall be issued in the denominations and numbers as requested by the <br />original purchaser and approved by the Director of Finance, provided that the entire principal <br />amount may be represented by a single note. In addition, the Notes may be issued (i) in the <br />denominations of $100,000 each or (ii) in any denomination that is the sum of $100,000 and <br />$5,000 or any integral multiple thereof, and, if so issued, are not exchangeable for other Notes <br />in denominations less than $100,000. The Notes shall not have coupons attached, shall be <br />numbered as determined by the Director of Finance and shall express upon their faces the <br />purpose, in summary terms, for which they are issued and that they are issued pursuant to this <br />Ordinance. <br />Section 6. The Notes shall be sold at not less than par at private sale by the <br />Director of Finance in accordance with law and the provisions of this ordinance. The Director <br />of Finance shall sign the certificate of award referred to in Sections 3 and 4 evidencing that <br />sale, cause the Notes to be prepared, and have the Notes signed and delivered, together with a <br />true transcript of proceedings with reference to the issuance of the Notes if requested by the <br />original purchaser, to the original purchaser upon payment of the purchase price. The Mayor, <br />the Director of Finance, the Clerk of Council and other City officials, as appropriate, are each <br />authorized and directed to sign any transcript certificates, financial statements and other <br />documents and instruments and to take such actions as are necessary or appropriate to <br />consummate the transactions contemplated by this Ordinance. The Director of Finance is <br />authorized, if it is determined to be in the best interest of the City, to combine the issue of <br />Notes with one or more other note issues of the City into a consolidated note issue pursuant to <br />Section 133.30(B) of the Revised Code. <br />Section 7. The proceeds from the sale of the Notes, except any premium and <br />accrued interest, shall be paid into the proper fund or funds and those proceeds are <br />appropriated and shall be used for the purpose for which the Notes are being issued. Any <br />portion of those proceeds representing premium and accrued interest shall be paid into the <br />Bond Retirement Fund. <br />Section 8. The par value to be received from the sale of the Bonds or of any <br />renewal notes and any excess funds resulting from the issuance of the Notes shall, to the extent <br />necessary, be used to pay the debt charges on the Notes at maturity and are pledged for that <br />purpose. <br />Section 9. During the year or years in which the Notes are outstanding, there shall <br />be levied on all the taxable property in the City, in addition to all other taxes, the same tax that <br />would have been levied if the Bonds had been issued without the prior issuance of the Notes. <br />The tax shall be within the 11.1-mill limitation provided by the Charter of the Ciry, shall be <br />and is ordered computed, certified, levied and extended upon the tax duplicate and collected by <br />the same officers, in the same manner, and at the same time that taxes for general purposes for <br />each of those years are certified, levied, extended and collected, and shall be placed before and <br />in preference to all other items and for the full amount thereof. The proceeds of the tax levy <br />shall be placed in the Bond Retirement Fund, which is irrevocably pledged for the payment of