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i <br />their face the purpose for which they are issued and that the9 are issued pur- <br />suatzt to this ordinance. <br />Section ?~. Said note or notes shall be offered to the Officer in <br />Charge of the Sinking Fund of the City srxi so ma~- of the same as shall not be taken <br />bar said officer, shall be sold at private sale by the City Auditor but for not <br />less than par and accrued interest, if arm, and the proceeds from such sale shall <br />be paid into the proper fund and used for the purposes aforesaid and no other pur- <br />pose. <br />Section. 5. Said notes shall be the #1111 general obligation of the City <br />of North Olmsted and for the prompt payment of the same the fall.faith, credit <br />and revenue of said City are hereby irrevocably pledged and $ sum of Money suf- <br />ficient to pay the entire principal anti interest of said notes is hereby appropriated <br />from the next ensuing semi-annual settlement of taxes for the fiscal year 1953 <br />settlement, for the payment of said note or notes at maturity. <br />Section 6. This is an emergency measure necessary for the public <br />._..~. <br />health, peace and safety and. to immediately provide for the borrowing of money <br />to carry on the municipal operations of the City. <br />FA.SSEB: February ,3 , 1953 <br />ATTEST: <br />,,, ~R <br />'E. ~. Christman, Clerk of Council <br />APPRQVED: <br />---~._.. <br />.~.~,, <br />>. <br />t --- <br />E. ~4f. Baumgardner, Pres. of Council <br />~3 ~, <br />q' <br />1 <br />S <br />Claren . Oviatt, Mayor <br />