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~~~~~T~rrs ~,r A' ~rD~JC~~.i:D-(~~LT_T~~ c~'~*ii1 1~,~,
<br />Cc)U,Vii.~Ty OF rtttJ liTl~r -.~:{ ~'~~~-:L1 : ~Li"1S~i, ,;. l~~TZO
<br />r
<br />~,r~oE::~~E l 30, 19 9 - : o, P. A.
<br />Present T~sere Pa:al J. Gareau, 't%~~, or; ~.alph A. F;azelton, I'residert o.f
<br />Council; Ralph. ;{;. Chri strnan, L'~relrn Iiin'.~el, Eddie ??ixson, l~Jrn. !-i.
<br />Krarrer, a~iary Ali ce T-~ne'., T;rure P~IacDonald, Francis J. O'~leill.
<br />Also present ~rere Lloyd E. Barnes, Service D ~_rector; E. ~°T. Christman,
<br />Clerk.
<br />Ordinance ido. 2953 tiJas introduced bar •'°Lr. ! ~ixson. An ordinance to
<br />~~rovide for ti:e issuance of notes in anticipation cf the issuance of
<br />bonds For the purpose of paying part of the cost of construction of a
<br />;municipal sewa<~e treatment pl<~zt and sanitary' sewers, and declaring
<br />an emer;enc;~. It was ~aoved b~,- 3Lr. iixson, seconded b~ ~;rs. ili.nl:el
<br />that the statutory r~zle be suspended and t~;e ordinance be read
<br />the second and third times and put on its passaF;e. `.I'he affirmative
<br />vote on said ::lotion was as follows: Christman, '+-air~~el, F'ixsora,
<br />l~raraer, Z~~nch, '~IacDortald, 0' Ileill. 'here;:-pop t:~e ordina.nce was
<br />read the second laid third tunes and put upon its passage and the
<br />affir;~,ative vote thereon was as follows: Christman, ~?:inkel, 3~.~aon,
<br />Kramer, Lynch, i~acDonald, C)' iTeill.
<br />ialSC13I~ u!'~.a r'IC;~.' S CE~'rlrrCr'1'1'r,
<br />!orth Olmsted, Ohio
<br />December 30, 1959
<br />TJ T!-1~' ~OUT`v~_~L (fir .~ ~~ ~~.T'~" ~:;P .?~~i.~_ ;)L`'=,~i.t~,D, ~:'-r
<br />Tre unders-i~;ned, as Fiscal Officer of the City of Tdorth. Olmsted,
<br />Ohio, as defined by Ii.. C. Section 133.01, hereby certifies, in connection
<br />with your proposed issue of ponds or notes for the purpose of paring
<br />part of the cost of construction of a municipal sewage treatment plant
<br />and sanitar-~y- seti~~ers, as authorized bti~ the electors in the amount
<br />of ;al, 700, 000 a.s ,°ollows :
<br />1, That the estimated. life of the propert~° to be acquired
<br />from the proceeds of such bonds or r10'tP.5 is hereby certified to be
<br />at least five clears.
<br />2. That the maximum matarity of said bonds ca.lcu.lated in
<br />accordance with provisions of Section 133.20 of the 1~evised Code
<br />is ~0 ;;ears.
<br />3. That in the event notes are is~~.ed in anticipation ~f the
<br />issuance of such bonds, the r~:laximurn maturity of such notes i~ five
<br />years if sold at public sale and one ;~~ear :if sold privately-.
<br />'~Zespect~ull~T submitted,
<br />~ 1 7 Y .
<br />~y ~
<br />.t.-,.. .lC~_..
<br />City Auditor
<br />The meeting adjourned to the call of the Clerk at ~~ :11~ P. 'Z.
<br />~~X~~ -Clerk ~~~~XX~I~X Pres-~_dent of Council
<br />Louise S. Hall Bruce T~acDonald
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