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<br /> <br />Series H <br />CITY OF NORTH OLMSTED <br />ORDINANCE N0.2006-104 <br />BY: Mayor O'Grady <br />AN ORDINANCE AMENDING SECTIONS 1, 3 AND 9 OF <br />ORDINANCE NO. 2006-27 TO EXTEND THE PERIOD <br />DURING WHICH THE BONDS AUTHORIZED THEREBY <br />MAY BE ISSUED, AND DECLARING AN EMERGENCY. <br />BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga County, <br />Ohio, that: <br />Section 1. Section 1 of Ordinance No. 2006-27 passed on February 21, 2006, be and is <br />hereby amended to read as follows: <br />"Section 1. Definitions and Interpretation. In addition to the <br />words and terms elsewhere defined in this ordinance, unless the context <br />or use clearly indicates another or different meaning or intent: <br />"Authorized Denominations" means (a) with respect to Capital <br />Appreciation Bonds, if any, a denomination equal to the principal <br />amount that, when interest is accrued and compounded thereon at the <br />applicable compounding interest rate on each Interest Accretion Date to <br />the stated maturity of those Bonds, will result in a Maturity Amount <br />equal to $5,000 or any whole multiple thereof and (b) with respect to <br />Current Interest Bonds, a denomination of $1,000 or any whole multiple <br />thereof. <br />"Bond proceedings" means, collectively, this ordinance, the <br />Certificate of Award, the Continuing Disclosure Certificate and such <br />other proceedings of the City, including the Bonds, that provide <br />collectively for, among other things, the rights of holders and beneficial <br />owners of the Bonds. <br />"Bond Register" means the books and records necessary for the <br />registration, exchange and transfer of the Bonds maintained by the <br />Bond Registrar as provided in Section 5. <br />"Bond Registrar" means U.S. Bank National Association, <br />Cleveland, Ohio, as the initial authenticating agent, bond registrar, <br />transfer agent and paying agent for the Bonds under the Registrar <br />Agreement and until a successor Bond Registrar shall have become <br />such pursuant to the provisions of the Registrar Agreement and, <br />thereafter, "Bond Registrar" shall mean the successor Bond Registrar. <br />"Book entry form" or "book entry system" means a form or <br />system under which (a) the ownership of book entry interests in Bonds <br />