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3146 Ordinance
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3146 Ordinance
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Last modified
2/7/2014 10:08:29 AM
Creation date
2/4/2014 5:47:11 AM
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North Olmsted Legislation
Legislation Number
3146
Legislation Date
11/3/1960
Year
1960
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esce94 of 42,500 trom such ftad i'nt capital <br />acqulred for caah, tbe Mscal Officer sLal,l f? t haw?receiwd the yproral <br />t?iereof by aa independent engiuter. tbtil <br />moAeya in ttu Aepl,sce?ent ar?d ='?4uired for su?ch purpo?es, <br />obligatic?s of the t?ited 8tatet tat?ing, ? ? ia dir?ct <br />in 130t sor+e t.1an five rears lror the dattof ionstatrtt. ????r' <br />Me Debt 8ervice tLtid and Drbt Strv1as Aeserre ltimd ghall bt <br />p 1? custo?r of ths Trustee, aad shall be us?d sa?lolp tor the ??a?d <br />P? and iriterest of the Bonda aad, to the extenL ?? of the <br />far the ?tian o! Dotsda. Until rePro?vidtd ia thie Ordiaaa?e, <br />DeDt 8ervice ReNiw ?? 4uired for such purpp"s, nooe3ri in the <br />? ? <br />Atat? rtur 1 be investod ia direct obl,iSatiaos of the qnited <br />ing, or redeemable at the optioo a?' the holdtr, ia aot am <br />five years Pz'oa date ot i:ivestaetit, wt1ea ood Y Qi thm <br />rected <br />Fund bythe liseal Otticer <br />of tb.e Muaicipal.itY, and vonWs in the Debt $trvice <br />Shall ,??d ?+s <br />directed bpr said Fiscal Otfiaer, be im+est.?rd in direct obl <br />8Utea maturing not later thm Lhe 1ntertst iptioos cf the United <br />inwttrat, es to aoa?eya hold for lutertit, ? t Ltar t? ?•u? <br />PaY?at dato a?t lolloviag sucb iavest?rtt ar t,o the ??i? <br />It at oW tiM the Municipallty shall baw provided tbo elrut" nithrincipal. <br />momyv <br />•utfieient, together xiLb aosk" acb investaaata <br />aad Debt Serviee Aeserre then ia the DabZ Atrries !1und <br />F1md, to retire ia full ca the nat avail&ble re8emption <br />??tt.?n outatanding issw ot Bonds, niL?out thereyD, rody? <br />reaLinin8 ia saiQ Debt 8orrics F1md and Debt 6er?ics Bhervo lund belov <br />tha aymxmt 'Ahich on sucb call date Mauld be <br />hand t?hertla vith res,pect to &x?ds nat to be so ret?ir d, thi! ?? shall rke <br />avatlable out of said Debt Aernice <br />i'r4uired, toget.her vita the otbor Fund and Debt 8ervieo Ae"rrt ?uod the aaouat <br />sonVa <br />Moneys in the Debt 8ervice I1eatrv?e F <br />t?a?d tL?i?? ??li?h sucD rftiraent. <br />rro. tse. to tiae requirva to b. ,eain ? tsa. la .mc?.. a! t?. a?ount <br />Municip?].1ty to retire Bos?ds tain?d tLer?ir? ?r be #ppli*d bpr '.pe <br />by call or by Durchase tor cancellation. <br />The Burplus Fund shal.l be in the custotW ot the Muniei <br />Le the estent nocessa='Y, froo tLm to tiae be trawlerred to th* Debtt Bery??* <br />l?u1d to peratt tbir pay?t o?' all ob ?v <br />1Ruid xithaut upon liiatioos paprable trce such Debt Mrvics u..a ror .y? ?? tbe abt serriao w..rv?. nmd, .oa o?th.rri,. ,q, b? <br />Utility ar the rrtire?at o? purpose, i??? esteasiar ?Q i?nLs to the <br />laLiaa. tAitil require3 !or s?r ot? ?? call ot 1p? D?ba?e faz? can?cel- <br />in direct oDliqtieoa of the Unit.od 8tat?, ? t'?reia irpr be inwated <br />in aot wore thaa tea yeam t'ros elate ot ??' or ?y! ???r, <br />1.avestmttt. <br />?! Bands ? d for cancellatiaa ?? p? tt • pri? not <br />mark*t valw; Dro??id?d ?? ca?? ?? f???i t?ir lair <br />to call, ?ucL , that la the ?? t„?a subj*ct <br />price aball aot mcoed tho Per value t1e=var. <br />2f <br /> K <br />? r . <br />a <br />? <br /> •a ,. . <br />e o <br /> <br />• , . ?` f <br /> '. ) <br /> .t <br />. <br />` - + <br />? <br /> <br /> <br />' . . <br />• • t ' <br /> <br />? . . . ... ? ??1 <br /> <br />i <br />? '. ' .?• ?_... <br /> <br />. <br />. . <br />. . y <br />? <br />. <br />• . <br />. . <br /> <br /> = 1:' <br />. ' . . . <br />.. ?? ! . <br />. . . F <br /> j . . . ' . <br />. <br /> ^ . <br /> . . , . ' ' ^? ? ? f <br />i ? r.` ' • . • . . . . <br /> . eS <br />? . .. . . i,r .. ? .
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