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RESoLuTrorr.,19 TO PRQVITJE F4R THE &ALE 4F $1, 525, 000 FIUT MC7RTGAGF SKWMLAGE SiYSTEM REYENiJE B4NES AND THE AWARD THER.EOF. WHEREAS, The Council of the City of Nvrth Olmsted, Ohio has authnrized the issuance and sale of $1,525,000 First Mortgage R.evenue Bvnds, ?,.. - to pay certa.in corts of improving the scwer facilities, and WHERFAS, John Nuveen 8t Co., Inc. and Associates have submitted ?'/ a praposa.l dated ??? l? 1?? ??c at iaterest ?rat1es of 331'i?'? d4.t?ij y" and this ?l•?177?r?- ? proposal being deemed to he favoxable ta the City of North Q sted, (?hi ,? NOW TI-iEREF3R.E, be it resolved by the Gouncil of the City of North C)lm:ted, tlhio, tha:t the proposal of John Nuveen & Co., Inc. and Associates be and the same is hereby accepted subject to compliance with 5ection 133.371 of the Revised Gode of Ohio, and the Glerk is hereby directed to deliver an executed copy of thi.s resoZution to JoluY Nuveen & Go., Inc. This res4lution is hereby decla.red to be an emergeACy measure necessary for the immediate preservation of the public health, safety and welfa.re in said Ivttxaicipality and for the further reason tha.t immediate construction of the impraveXnents to be provided far from the proceeds of these bonds is essentia-l to provide adequ.ate sewerage facilities for the protection of the public welfare in said Municipality; WHEREFORE, this resolution shall be in full force and effect from and immediately after its passage. Resolution properly moved and s-econded; vote ? aye, CnaY• Passed at a meeting held this day of 1960. Q? Y O R „ n?....,?..-•--- C L E R K I hereby certify tha.t the foregoing is a true copy of a resalution assed by the Cvuncil of the City of North Olmsted, Ohio on the /S 'ay of P 1960. ?9 e pC T 1 y 19b? _ -??'eyu?z.e. ° < „«.? . , . . , ?-,????a??>+? ????,? ? ?? .?•-,.?? . ? - ?_.-?.