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v.i0:cJ1 12/15/61 <br />11 <br />MDT2iAlVCR lt0. cR • .5- <br />-2- <br />:3eation !t: That anch anticinatory rotss in the Ssoxint arorasaid <br />shall bear intsrsst at sucb rat,e, not exoesdisig toor pet centunt (4%) pfr annw,, <br />a* ry De fimd by the Dfraotor of Finanas iti hii wssd thsttirof at ptinate "le, <br />suoh intetaa6 te be pqabL at paturitr. 3uch avtas slia21 be dat?od as of ths <br />date ot iaauanaes, ehall be in such donominstiwm u the parahaNr nT re9?eti <br />and shall wtarr oa er belwe as ysar h•m sM elata, <br />" sction 51 Brah notes shrtll be exseutod by the NAyr+or aad Dimtor ot <br />Financs and bear the seal of the eorporatieo, lfwy sta,l bo pwabL ,at the rin <br />Otfica ot The National City Bank, OUTOLdi Oble, ? shan <br />exprsss cpen thetr faft the purpom fw i+hich ttey are Lsued ud that thnr are <br />isead parsuant Lo thL orbinanor, <br />Swtion 61 tll aaanswnt?e aolleaw fw the iaprorawnE aformsaid, <br />an?d ar?? ?e??d b?aLn? rin the i?rproMarnt i"qmd alter t1?? o?a and <br />•xMamu ot nid iaprowsrnt bavs boon pai+d* sholl be WpUW to t!o psysrtt of <br />uid ndtes aad the intsrsst t.herson antil both are W]?y prwvidod lar. <br />S.atiaa 71 aubjeat to the rejectian of pid mta by ttis efticer in <br />Chi!'`! Of the b0tll! ="sL1rowtlt 1b1ld, itlyd nDtN ihill„ be aOld it pGC'11Att! Nle by <br />the Dimotar o!' Tiwnaa at Aat Ioft tftk Wr per ralm tt~l od the Direatoe <br />ot Fimnca !,i bersbr onf.hariad aad aisected to dolirw aird wWs j+rlwn executed, <br />to snid pwehanr tlasroof vpon Paywen ot tdob parctam yri". Tbe proosods at <br />woh irsle, oEbsr than preaiur, it aiqr, shall be P+wU into the pnrpor imd aad <br />miid fae the Porpoes tovi' wbiah qid ootes ars Delag ipaed nndes the proriaions <br />of thia ordimnw, and preminw receired fi^am woh sals sha11 ie paid inte +.te <br />BMd Retirsmnt Fold. <br />9eotlan tl: Said ooUm aMll be the toll omra2 obligatiae of the <br />CitT anc! Ltu f'o23, faiLh, ernedit uid re"nua at said City asr t,rmby PUdged toe <br />the prc?m* payouti or the sw. !br par valni to br teftiwd ftwrr E!r sals of <br />t1» bonds #ntiai,Pated b? said aetet ar,d a:qr aoen tumft ron3tlAg tkou the <br />isaumao o!` raid wt.es stall to t?h? extmt iroepsry? br used aft i'w the re• <br />tirswnt of Nid mtea at mtorilri tftottrr witb Interest tbwos: mi we <br />herebT P2edged tor mah Purpose. <br />3eation 9: Yn thr eve?t t!»t amh qwsorsts ur oot letried ar boWN <br />are iat iarord to proridi a!uni !br L!r paymrnt ot stid eotes ai rtw#tys a <br />gowra2 tau shall be 3OrUd aairrt all e?t the prVor6y ia aaid Citw tw the pay- <br />rnt ot smh aftaa and the f.ntaxest thsrsoa„ <br />8fttloan 10i !tr CLrt o! Con:rail is irersby aUVrrW to lOruMd aOWtitiod <br />aopy of tAis erdinanoe to t?he Comtr tuditar. <br />8sotio4 11: lhis ordiasMe la beniW in3arid tt+ be 40 OMrlpoa7 ussfv" <br />nsoeasasyr !oT the Lmrdists prrstt?atioo of Vr publb P?-Ms bmdm Mt1 MlMty ot <br />Ltr City, std far the tiu`tier Y"o" that prompt Pro??+Mi ot tlqedr 3s xe"ised.:'Ip <br />procesd irith, the coawtrnctioa of aswr improvama? moseagay fet prpUnt at wo <br />hrallh ot the idubif.sMs o!' the Cityf wWrvtarso thU Wt,iaoo" G&ALU 1N% ftU <br />fora* aid •tfoat fron and ianrdiatt3y a!''tw 11:s pNprfte aad <br />MpArev4 !V tbii ilayor. <br />Pt93EDt <br />A?3Ts <br />/s/ Louise Hall <br />, I, <br />/s/ Bruce MacEbnald <br />? <br />APPtm1RD= <br />/s/ Paul J. Careau <br />PIUL J. GAIM"t ? <br /> <br />_ ..,, , .. <br />. . _,?.. .. ._ ... _ <br />._ ...... ...?_ <br />?_., _