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ORD3:??NCE UO. 885 By3 kr. Baumgardner (jh13lk"CE PR????ING kC3h Tt.ig oi AG??? VhIhICL? BG?ZL. Vj1?age of Nor?? ???tedt Ghio,, owns and r?u??iciPb?. ?ac?s line car??.??g ??:sses?g+?rs, to ,?nd ?`rom t.?e City caf Clev?land, ant? WkIiIIL460, it is n+??????ry ?o issue bcxi+?s in tile axOurlt Of #7$,600.00 for the pur,pose of purctxu; ing motor vehic1es for use on €ald Mutaicipal bus L??e and will requ3.re 42500.00 tc? ???e for interest maturiatg previc??s to ttie recoipt oi' taxes f??m wl?ich such interest is ta be ulti??tely p4idp making a total uggregat6 amc?unt of 4750000.00. ir?4h?blf this Council desire? ? aingl? ?ond i.?s?j+? ??? the f+ar? oi? ,?wrpc?ses, ??t the C3.?:?^k c?f t?+is Causc?il hts cer'CiSied t?iat the ?if* or t??efWmess ot the properLy und improve;??nt? ?ontemplated excseeds five years, as wel1 as the maximum maturity of said b???s in, accorduace with Secti?? 2kf?Z-9 of the C?on?rulCods, wiileb saximum saturi? oes r?ot exceec? tt?+? ??;?xi?.ua? a'?ber a?' ye?.rs se+?u?.x?ed to retir+? ?tat ?. bonds as cext3#'??? ?? ?his Caunci1 tcs t?? ?ouaty Auditor. AOI? Z?tj?BfOf4s BE IS aDA,I???D BY I.'&L GOUNLI.L Cpi' Tti:b, VTLLAG? L'o" ????Tti ?TiLTE CF O???j E+ectian l. Tho:t for thO urpose of' pazrcha?sin sotor v??iie:1.?s it Is nec+1ss?? ?o?.ssa?e t?nd ° ?her+? sha,?.? 00 ?.ssu+?5 a?td??,d bonds +p?' ?:??is ?.?'a?? B c?ar??????.tr?e?.g ??Q?????. C?¢??7?fC????£ ?t?t?+??fa??r'?vr?.tyh?? ??ct? ? bonds sha2l be i 3sued in one lot. Said bona?? ?i,*u?li betr date of k??il l0 19b?. si?,?11 be r??` t:?e d??oz1??b?.iar? Of ?3.?3E?3,?C??r, s?aa1.?. be cou,?a?n ba?.ds Payi?? ?? ?ek-rer k? O?.msted +?'.t?.cep slraal3, bea??r interesty ?t tt the 8ank of Der?{ a Nc?rt ?rhe ?""?i?ire ?1'f ?iri?i?.'ee i,?? per cont? per annums p*,'able s'?mi-annua3,.ly on ttae first day a? ??ril ??? th? fi?st ??? ct October of ewch year until the pri?cipal stm i? ?&idp upon presentatic?? ??? surretid.er of tte proper izi.erost coupoAs wdic? ?ha11 b+? ??t?,ched to si6id bonds; provided, however, that it s63d °bonds bre so3d boaria?g tA differir:t z~ate of lnte??st ?? a shull rate ?af ?.?rte?' Samo« 6110ti Sa.id bVnLRs shaiRl Me iiumbe.ke4b 11JBVm olWe to ii7eventy-AlvRA inclus ve, trsd sha11 astua?? ?s fcaltows: ? ?? ,:?? .. ? ?, °,*T`??...., ??.??? ? .. 00 tlr I NGL v3l vt Oe;tober 11 12b2 ? to 15 *1?0000,ot.; October 10 1i?5: 16 to 30 4L3.b,flQC3.00 October 10 11?54 31 to 45 ?150Q00.00 t3c etibsI' 1$ 1Vbb 46 to 60 c' 4l?#0C+CP.QC Qctober 1p 1956 61 tn 75 "?15,r 000. 00 ?t is h???by determi??d ttsat ths above ?4?ur1,???s b? e in subs1?antially equal as'iual iasta:i,lments.