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<br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />May 4, 1976 <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 by R. C. Section 133.01, hereby certifies in connection <br />with your proposed issue of $186,000 bonds and notes in anticipation of <br />the issuance of said bonds for the purpose of paying the cost of acquiring <br />real estate and interests therein as a site for the City's hospital, as <br />follows: <br />1. That the estimated life of the property to be acquired <br />from the proceeds of such bonds is hereby certified to <br />be at least five years. <br />2. The maximum maturity of such bonds calculated in accordance <br />with the provisions of Section 133.20 of the Revised Code <br />is thirty years, provided that if notes in anticipation of <br />such bonds are outstanding for a period in excess of five <br />years from the date of the original issue, the period thereof <br />in excess of five years shall be deducted from such maximum <br />maturity of said bonds. <br />3. The maximum maturity of the renewal notes now proposed to be <br />issued in anticipation of such bonds is eight years from the <br />date of issuance of the original note, viz. June 30, 1979, <br />if sold at public sale, provided that if such notes are sold <br />at private sale, then their maximum maturity is one year. <br />Respectfully submitted, <br />~ ~ ~..J <br />Director o Finance <br />,~~ ~- s' <br /> <br />