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94-036 Ordinance
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94-036 Ordinance
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1/14/2014 3:16:03 PM
Creation date
1/10/2014 5:15:04 AM
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North Olmsted Legislation
Legislation Number
94-036
Legislation Date
3/2/1994
Year
1994
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-5- <br />the reasonable expectations of the City regarding the amount and use of all the proceeds of the <br />Notes, the facts, circumstances and estimates on which they are based, and other facts and <br />circumstances relevant to the tax treatment of the interest on and the tax status of the Notes. <br />Section 11. The Clerk of Council is directed to deliver a certified copy of this <br />ordinance to the Countv Auditor. <br />Section 12. This Council determines that all acts and conditions necessary to be <br />done or performed by the City or to have been met precedent to and in the issuing of the Notes <br />in order to make them legal, valid and binding general obligations of the City have been <br />performed and have been met, or will at the time of delivery of the Notes have been performed <br />and have been met, in regular and due form as required by law; that the full faith and credit and <br />general property taxing power (as described in Section 9) of the City are pledged for the timely <br />payment of the debt charges on the Notes; and that no statutory or constitutional limitation of <br />indebtedness or taxation will have been exceeded in the issuance of the Notes. <br />Section 13. This Council finds and determines that all formal actions of this <br />Council concerning and relating to the passage of this ordinance were taken in an open meeting <br />of this Council and that all deliberations of this Council and of any committees that resulted in <br />those formal actions were in meetings open to the public in compliance with the law. <br />permitted <br />Passed: <br />Section 14. This ordinance shall be effective from and after the earliest time <br />law. <br />Attest: ~' G <br />1994 <br />~_ =~-~1 <br />Approved:y 1994 <br />ayor <br />~~ ~~ ~~~~ <br />_ ~-- <br />President of Council <br />~, <br />~ ~. ' ; <br />~~_ <br />~~,e~ r~.r~.~ ~, ~ ~-~~- <br />
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