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.. 3 RESOLUTION No, ? 3 ~ a ,~ BY: I~r. ~~iz~-~~•~-~ A RES4~UTION DECbARIA1G THE AI~t3UNT OF TAKES TI~iAT AWAY BE ~ BY ~E~tY AT THE ~l~f~;I~iUM RATE AUTHORIZED NS[ I~AW- WITti4UT A VOTE OF' T~ E~TC~S TO BE INSUFFICIENT AND DEC~.ARING THE NECESSITY OF A LEPY IN' EXC~;SS OF SUCH RATE.:. BE IT R.E3t}I.VED BY THE COUNCIL OF THE CITY OF NORTH ©t~STED, STATE OF OHIO, two-thirds of all ~aembers elected thereto concurri~~; ~n, 1..,, That the amount of taxes that may be raised by the levy o t~a~~~att the max3.aum rate authorised by Section 5705,02 of the 8evised Statutes of Ohio on the taxable property in the City of I~brth. Olmsted will be insufficient to provide a n adequate amount for the necessary requirements of said City and that it is necessary for the purpose of providing additional funds for current eacp®aees of the City of North Ol.mst~zd that taxes be levied on the taxable property in said City for the period of two years at a rate in excess of such maxi. rate authorized by Section 5705.02 of the Revised Statr~tes of Ohio. ~~Q~ That it is necessary to levy said taxes referred to in Secsta~a-n -1- ereof, for the years 195? and 195' (tax years of 1956 and 195?} at the rate for each year of three mills on each d®llar of the tax valuation which amounts to thirty cents {30¢} for each sae hundred dollars (.100:00} of valuation, of the tazabl+e property within the City of N®rth Olmsted in excess of the rate authorized by said Section 5705.`02 of the Nevised Statutes of Ohi.m, which is a renewal of the Ares® levy to the extent of 2.57 m~.lls and an inc ruse of .t+3 mills to constitute a tax of 3 mills to run for two years. `,cti~„ That the proposed tax levy shall be submitted to, the Ele~ters-o t e City of North Olmsted Ohio, at the Genearal Election to be held oa Tuesday, November 6, X956 in the said City, and the- Clerk of this Council be and he is hereby directed to certify a copy of this R,ssolution f~thwith to the Deputy State Supervis®rs and Inspectors of Elections of Cuyahoga County, .Ohio, ix~ order that said Supervismrs and Inspectors of Elections may make the necessary arrange- ment:~ for the submissimn a~f such question to the Electors of_ said City, and all of which they are hereby respectfully directed to do. ~'e ghat the form of Ballot to be submitted to the Electors o- t e~ ty of North Olmsted, Ohio, at said General Election o n Tuesday, November 6,-1956, shall read substantially as follows:. PROPOSED TA$ LEVY A Fifty-Five Per~ant Affirmative Yote is required for E.'assage CITY OF NTH OS~NISTED, OHIO ,: A renewal of two and fifty-seven one-hundredths (2.57) mills and eta increase of forty-three ass-hundredths (.43} mill to eensttt~te a tax for the benefit of the City of Forth Olmsted for the purp®se of providing fund.~t for curie ~ eapensea~ at a rate not exceeding three (3} mills for each one dollar of valuation which amounts to thirty cents (.~fJ} for each one h~mdred dollars (~1~(?.00} of valuation, for two years, to w:it: 1957 and 195$. ~ • FOR THE TAZ JaS'J Y 1 i • AGAINST THE TAg LEGI __ ~,