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65-005 Ordinance
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65-005 Ordinance
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Last modified
2/7/2014 10:09:12 AM
Creation date
2/5/2014 6:05:26 AM
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North Olmsted Legislation
Legislation Number
65-005
Legislation Date
1/7/1965
Year
1965
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<br />. <br />?.: <br />S <br />?- and shall beer interest at the rate of three and one-hslf per centum <br />per able semie?rxnually on the Yirst dr?y of June and the Siret <br />??' ?y <br />day of December of sach year beginnin8 June 1, 19651, until the principal <br />vided <br />? sum is psid, as evidenced by the coupons at ?caiPferentt ? <br />rate of interest <br />however, that if the bonds are sold bearing <br />than herein specified, such bonds aha.ll beax' suc?rate ??ig??sthereof. <br />?y be provided in the resolution of Council app n8 <br />Such bonds shall mature in their conseeutive serial order as follows: <br />$60,658 on December 1, 1966; <br />2,000 on December 1, 1967; <br />nd <br />both inclusive; and <br />,000 on December 1 in each of the years 1968 to 1982) $65,000 on December 1 in each oP the years 1983 to 1985, both iaclusive; <br />which maturities are hereby determiived to be in substantially equal annual <br />instal.lment s . <br /> <br />Section 2. Zhat Sections 1 and 2 of Ordinance Iio. 64-329 pa$sed <br />December 15, 196+ shF 1] be and the same hereby are rePeale. - <br /> <br />Section 3• That the Clerk of Council is hereby authorized and directed <br />to certify a copy of thi.s ordinance to the Auditor of CuYahoBa County, Ohio, <br />according to law. <br />Section 4. This ordi.nance is hereby declared and determined to be an <br />emergency measure necessazy for the immediate preservation of the public peaee, <br />health and safety of this City and for the further reason that the notes of <br />this City issued for this improvement are about to me,tuz'e and must be retired the With theproceeds of thP bonds this authorized <br />shall takereffectoandtbe in force <br />credit ofl. the City; wherefore, <br />immedistely upon its passage and anproval. 4 <br />, <br />Yassed <br />'7 <br />App: cved --?-1----- ?``-?7 <br />? i <br />, <br />? <br />_t . -l c: k- ti . C .H? <br />President o: <br />Attest <br />o cil ?r of Council <br />C(A?.L?? I a <br />•? ?a <br />2
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