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65-005 Ordinance
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65-005 Ordinance
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Last modified
2/7/2014 10:08:15 AM
Creation date
2/4/2014 3:20:10 AM
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North Olmsted Legislation
Legislation Number
65-005
Legislation Date
1/7/1965
Year
1965
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GS s <br />cow <br />and shall beer interest at the rate of three elld o?eJ? f centum <br />per annuin, payable semiannuall,Y on the first d? <br />day of December of tach yeaz' be8innin6 Juae 1, 1965, until the principal <br />sum is paid, as evidenced by the coupons attached thereto; pravided) <br />however, that if the bond8 are sold bearing a different rate oY interest <br />t h a n h o rein s p ecified, such bonds shall bear such re?te of interest as <br />may be pro thure in Council aer al ord e reasvfoll.ows r e o f. <br />Such bonds shall ma <br />$60,b58 on December 1, 1966; <br />2, 000 on Decerober 1, 196'T; inclusive; and <br />6p,000 on December 1 in each of the yeare 1968 to 19f32, ?? ?clusive; <br />$65,000 on December 1 in each of the yee?r!s 1983 to 1985, b? <br />Which maturities are hereby determined to be in substantially equal annwe?l <br />installments. <br />c <br />That Sectionc 1 and 2 of Ordinence Ho. 64-329 passed <br />Section 2. <br />December 15, 1964 shall be and the same hereby Qre,rtPeale. - <br />Section 3. 'Ihet the Clerk of Council is hereby authorized and directed <br />to certify a copy of this ordinance to the Auditor of Cuyaho8a County, Qhio) <br />according to lax. <br />? Section k. Rhis ordiaanca is hereby declared and determined to be an <br />emergency measure necAararY t'or the imnedil?w preserVatiod of tho public peaQe, <br />health and safety of this City and for the further resaon that the norte8 of <br />this City issued for this improvewent are about ta me.ture and muat be re'tired <br />`+ith the proceeds of the bonds authorized herein in order to protect the +?? <br />credit of the City; wherofore, this ordinance sha11 take effec? and be i.b force <br />immediately upon its passage and approval. ? <br />; . <br />i1 90 <br />Yassed 1 <br />i ( <br />? <br />ppproved 1q"J <br />, . - <br />; <br />. ? <br />-. 1 c: L, v• C:r- a <br />President of o ci] <br />Attest A . <br />C? <br />: 14 <br />? <br />2 <br />?
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