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74-013 Ordinance
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74-013 Ordinance
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1/15/2014 3:00:24 PM
Creation date
1/14/2014 5:38:16 AM
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North Olmsted Legislation
Legislation Number
74-013
Legislation Date
2/5/1974
Year
1974
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jef~v ,/ .;1' <br />r ~. <br />- 3 - <br />Said tax shall be and is hereby ordered computed, certified, levied <br />and extended upon the tax duplicate and collected by the same officers, <br />in the same manner and at the same time that taxes for general purposes <br />for each of said years are certified, extended and collected. Said tax <br />shall be placed before and in preference to all other items and for the <br />full amount thereof. The funds derived from said tax levies hereby <br />required shall be placed in a separate and distinct fund, which, together <br />with the interest collected on the same, shall be irrevocably pledged <br />for the payment of the principal and interest of said notes or the bonds <br />in anticipation of which they are issued when and as the same falls due. <br />Section 9. The Clerk is hereby directed to forward a certified <br />copy of this ordinance to the County Auditor. <br />Section 10. This ordinance is hereby declared to be an emergency <br />measure necessary for the preservation of the public peace, welfare and <br />safety of this City, and for the further reason that the immediate <br />issuance and sale of the notes herein authorized is necessary to provide <br />funds with which to retire presently outstanding notes which are about <br />to mature and thereby protect the credit of this City; wherefore, this <br />ordinance shall take effect and be in force immediately upon its passage <br />and approval by the Mayor. <br />PASSED: ~~ ~ <br />CI~G~ ~ . <br />Nora T. Hill, Clerk of Council <br />ATTEST: <br />APPROVED: ).. /~/?y <br />R ph E. Christman, Mayor <br />Francis J. 0' it President of <br />C it <br />~,,.~~ » .. ~ .... v.. <br />
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