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94-137 Ordinance
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94-137 Ordinance
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Last modified
1/14/2014 3:15:38 PM
Creation date
1/9/2014 11:24:14 AM
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North Olmsted Legislation
Legislation Number
94-137
Legislation Date
9/21/1994
Year
1994
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<br /> <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the Ciry of North Olmsted, I certify in connection with your <br />proposed issue of $250,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of acquiring a fire truck, together with the necessary <br />equipment and appurtenances thereto (the equipment), that: <br />1. The estimated life or period of usefulness of the equipment is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is ten years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance <br />of the original issue of notes, the period in excess of those five years shall be deducted from that <br />maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is May 25, 2008, which is fifteen years <br />from May 25, 1993, the date of the original notes issued for this purpose. <br />Dated: September 19, 1994 <br />Director of Finance <br />City of North Olmsted, Ohio <br />
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