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North Olmsted, Ohio <br />June 5, 1979 <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />The undersigned, as fiscal officer of the City of North Olmsted, <br />Ohio, as defined in Revised Code Section 133.01, hereby certifies in connection <br />with your proposed issue of $160,000 of bonds and notes in anticipation of the <br />issuance of bonds for the purpose of providing funds to purchase motorized <br />vehicles and equipment for the Department of Public Service, as follows: <br />1. That the estimated life of the property proposed to be acquired <br />from the proceeds of such bonds and notes is hereby certified to be at least <br />five years. <br />2• The maximum maturity of such bonds, calculated in accordance <br />with the provisions of Section 133.20, Revised Code, is five years, provided <br />that if notes in anticipation of such bonds are outstanding for a period in excess <br />of five years from the date of the original issue, the period thereof in excesa <br />of five years shall be deducted from such maximum maturity of said bonds. <br />3• The maximum maturity of notes issued in anticipation of such <br />bonds is eight years; provided that if such notes are sold at private sale, then <br />their maximum maturity is one year. <br />L1LCl:1.vr vr rinance