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? <br />RFSOLUTION N0. ?5'16 Z <br />DESTGNATING THE P.AYTNG AGFN`I'S .AND TRiR3TEE FOR BONDHOLI&Z UNDER <br />THE 715$UE OF $1, 525, 000 OF FIRST MORTaGE SEkWIAM SYBTE+! REVENUE <br />BONtB TO BE S$SUED UNM AUTHORITY OF ORDINANCE N0. 3146, AND <br />DhCLARZNG AN EMMGENCY <br />SE IT RF.SQLVED BY COUNCIL OF THE CTTY OF NOFfl'H QLMSTED, OHIO: <br />Section l. That, pursuasit to the request of the Ori.ginsl Pu,rehasers of <br />the $1, 525, 004 F3.rat Mrirtgage Sewerage System Revenue Bonds rniade pursuant to <br />Section 2 of Ordi.nance No. 3146 authorizing and e,wardi.ng said bonds, The Ohio <br />Citizens Trust Campany, Toledo, ab.io, be and it is hereby designated end <br />Qppo3.nted as Trustee under the provisions of said ordinance in respect af <br />said issue of First Mortgage Sev3erage System Revenue Bonds, and said Trustee <br />and Chemical Bank New York Trust Company, of New York City, are hereby designa'ted <br />as ,A1tez°n.ate Payin.g Agents for said bonds. <br />Seetion 2, Tha,t th3,s resolution is hereby declared to be an emergency <br />measure necesgary for the immed3.ate preaervation of the publie peace, health <br />and safety and for the further reason that immediate designstion of the trustee <br />and payirg agents is required in order to enable the City to compZete the <br />financing of the improvement of its sewerage system and the delivery of the <br />bond.s aut,horized and sold pursuant to Ordinance No. 3146; WHUdWORE, it sh8]l <br />be in f'u2l force and effect from and immecliatel,y after i.ts passage and <br />a,pproval. <br />Passed 1960 <br />---.--- <br />>>? <br /> <br />1960 <br />President of Couneil <br />Attes ' <br />Clerk of Couneil