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.. ... . . .. .. . . . .. _ .::. . , . ..... ........ . ..,.._. , .. . . . . . . . . . . . . . .,.....4 ..:...a::,., ... M1 ?.:..., . . .. . .. .... . . .. .. <br />; 4 ? • F..:,... ....._:-;.. <br />? g - <br />Section 12. The Clerk of Council is directed to deliver a certified copy of this <br />ordinance to the County Auditor. <br />Section 13. This Council determines that all acts and conditions necessary to be <br />done or performed by the City or to have been met precedent to and in the issuing of the Notes <br />in order to make them legal, valid and binding general obligations of the City of North Olmsted <br />have been performed and have been met, or will at the time of delivery of the Notes have been <br />performed and have been met, in regular and due form as required by law; that the full faith and <br />credit and general property taxing power (as described in Section 10) of the City are pledged for <br />the timely payment of the debt charges on the Notes; and that no statutory or constitutional <br />limitation of indebtedness or taxation will have been exceeded in the issuance of the Notes. <br />Section 14. This Council finds and determines that all formal actions of this Council <br />and of any of its committees concerning and relating to the passage of this ordinance were taken <br />in an open meeting of this Council or those committees and that all deliberations of this Council <br />and of any committees that resulted in those formal actions were in meetings open to the public <br />in compliance with the law. <br />Section 15. This ordinance is declared to be an emergency measure necessary for <br />the immediate preservation of the public peace, health, safety and welfare of the City, and for <br />the further reason that this ordinance is required to be immediately effective in order to issue <br />and sell the Notes, which is necessary to enable the City to timely retire the Outstanding Notes <br />and thereby preserve its credit; wherefore, this ordinance shall be in full force and effect <br />immediately upon its passage and approval by the Mayor. <br />/ <br />Passed: 1996 <br />? <br />Attest: -?r'?-?--- <br />l Clerk of uncil <br />Pre i nt of Cc <br />J4" <br />?/--f 6 <br />, <br />D03: [00523. DOCS. NOR05225]NOTE_ORD_STORM_S WRII_$670.