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O~n~A~c~ ~0. ~a3 sY: Mr. ~ ~ t~DII~A~Cg P~tOI~G ~ ~s~~rCS. o~ ~o ~ C ~ xOR~~ O~sT~~, OHI© 1~ ~~ PtT. ~' C0~13'~UCT2~G T~0 ~ suz~rs To s~ vs F~ HOII8R3 ADD 2~: P~~tA-S~ t}F ~tBC89~3A~C I~QUIPJ~NT ~''~I3~TI9 THE dam, 1~:3, at an elsQtioa held en the eighth dap of ~'oveaber, 1955, og the prcap®sitic~; of iesaag bids of the t3ity of gsrth 0lasted, Oh®, for the pnarpc-se hereinafter stated, is tbs s~ of ~ ~~ed ~""` Forty Thousand HQL1~rs ~~I~U.CJ00.00} ~, and, of levpi~;g takes outside +~f the ten mill limitatct t® ~y the interest and prixcipa]. of such bands, at least fif`~p-five perc:eatum of these vatiag ugaa the pre- positiog voted in favor then®c~f, and WHA3, this Cosh bas requested the Gitp Aud3.tcar tca issue his Qertifiaate as to the estimated life of the protp, asset or improvement proposed to be acquired or constructed frtmt the prc~e4da of the bonds hereinafter referred to, and the City Ai.tor has: +~ertified to this Council such estimated life as ezceedisg five pears.;, agd has further certified th® ~tax3.mu~a ms.turitp of such b©ada as t~rea~tp pears. ~T~ THEFt,EFO~E BE IT ORDAS2~'ED BY THE COUIdCI~. OF TFIE CITY QF A10RTH 0~43D., STATE ~1F OIiIt3x ctio That it is deemed necessarp to issue the beads of the Citp © cart steel, t3~-iv, in the principal ama of ~1~0,4f30.40, in order to provide a fend for the pnrpc~se of construetla~g fire- proof buildings to be used fc~r fire houses and the psrebas~e of neaessarp equipoaent and furnishings therefor and to provide a ~ fdr payment of not to exceed one gear#s irx~erest on said bowls. i`hat h bcexds shall be issued in one let and that anticipatory Hates shall not be issued in anticipation of the issuance of such bonds. .S®c~i~,~, 2. That bsaa~ds of the Citp ®f N©rth Olmsted, Obio, shall be issued is the p~rACipel stem of 3a~.0,000.00 for tie pt~r e aforesaid. 8aah of said bax~da shall be in the dens tiaaa of 000.00, grad said bands shall be dated ~'ebruarp 1, 1956, and ehail bear inter®st at the rate of threo C3~~ per cent per ann~ugM;, payab].® s~~.1.-ana~zallp on the first daps of April sad ©ctober 0f each peak until the principal swat is paid, beginning tober 1, 1956, prcwided, hrarever, that if said beads are sold bearing a different rate of interest n hereimbefere specified, such bonds shall bear each rate of interest as map be par-o_ v3ded far fa the resoluties- of Council approving the axard tlsereof. 3a.id bonds shall be numbered from c-ne to sae hundred forte inclusive, and shall mature as folloxs: X7,000.00 on the first dap of October is sash of t}aa pears fry 1957 to 1976, bath inclusive, xhiCh maturities are herebp determ3.ned to be ig Substantially equal "`~ anAaetl. amounts. The principal and interest of all payable to bearer at T`h® gatianal Cite Bamlc Olmsted ~~anch in the City of Berth Olmsted, T+`Ar tie payment of said principal thereto attaehed~ the futl faith amd credit Olmsted is hereby irrevoczablp pledged. of said boadS shall be of C~.eveiand, ~0rth Ohi.©. and said interest coupons of the City of ~€arth - 1 r