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-5- <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 <br />a 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 Notes shall be <br />issued in the denominations of $100,000 each or in any denomination that is the sum of (i) <br />$100,000 and (ii) $5,000 or any integral multiple thereof, and shall not be exchangeable for <br />other Notes in denominations less than $100,000, and provided further that the entire principal <br />amount may be represented by a single note. The Notes shall not have coupons attached, shall <br />be 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 Director <br />of Finance in accordance with law and the provisions of this ordinance. The Director of Finance <br />shall sign the certificate of award referred to in Section 3 evidencing that sale, cause the Notes <br />to be prepared, and have the Notes signed and delivered, together with a true transcript of <br />proceedings with reference to the issuance of the Notes if requested by the original purchaser, <br />to the original purchaser upon payment of the purchase price. The Mayor, the Director of <br />Finance, the Clerk of Council, the Director of Law and other City officials, as appropriate, are <br />each 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 Ciry, to combine the issue of Notes <br />with one or more other note issues of the Ciry into a consolidated note issue pursuant to Section <br />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 appropriated <br />and shall be used for the purpose for which the Notes are being issued. Any portion of those <br />proceeds representing premium and accrued interest shall be paid into the Bond Retirement <br />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 />