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65-052 Ordinance
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65-052 Ordinance
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Last modified
2/7/2014 10:09:11 AM
Creation date
2/5/2014 6:05:25 AM
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North Olmsted Legislation
Legislation Number
65-052
Legislation Date
3/4/1965
Year
1965
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<br />-2- <br />suthorized snd directed to deliver said notes, vhea exrecutecl, to said purahaser <br />upon paysent of auch purche?se price. Ttx proeeeds ef auch ssle ahe?11 be paid <br />1Ato the prvper fund and uaed for the purpose for vhich said notes are beiag issuad <br />under the provisions of this ordine?nce. <br />? Section O. Swid notes shsll be the full greneral obligLtior? of the City <br />wnd the lull faith, credit aad revenue of said City an hereby pledged !or the prampt <br />psyiaent of the same. The per value to be received fram ttw sale of the boods saticipat?ed <br />by said notes and any excess funds resulting iran the iasusnce of said notes sly?11 to <br />the extent necessary be used only for the lpetireraat of ssid notes at maturity, to- <br />get.aer vith interest thereon, and ia hereby pledged for such purpose. <br />3ection 9. In the event thdt such assessmente are not levied or bonde +?re <br />not issued to provide e fund for the paynent of said nates wt maturity, a general tax <br />shall be levied agsinst all of the property in said City for the psyseut of such notes <br />and the interest thereon. <br />Section 10. The Clerk of Oouncil is hereby directed to forward a aertified <br />copy of this ordinance to the County Auditor. <br />Section 11. This ordinsnce is hereby deeLared to be an eeergency Maaure <br />necessary for the immediate preaervation of the public heslth, safety and velfare of <br />esid City by reason of the fact that the preapt conatruction of the improvewnts to <br />be Yinanced by said notes is esaential to provide eanitary sewerage fucilities essential <br />to the loalth of the City and the inhnbitants thereof; ti+herefore thia ordinr?nce ahall be <br />in full force and effect from and imaxdiately after its psssage and npprovsl by the Mayor. <br />Pe?sBea: S?A 4 A.V ?O ` , 1965 <br />Attest : ? ???.1.V <br />4er c oiancil' <br /> <br /> <br />"i PM111, ?..._? , <br />l <br />L 7" <br />yor <br />1965 <br />i <br />? Y ???
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