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FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio, <br />~1 L2,z~:..~.~~ ~; ~ 1964 <br />~,j~ <br />~, <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO; <br />The undersigned, as Fiscal Officer of the City of North Olmsted, Ohio, <br />as defined in R.C. Section 133.01 hereby certifies in connection with <br />your proposed issue of $5,000 of bonds to pay the ,City's portion of the <br />cost of constructing a water line in Walter Road as follows; <br />1. That the estimated life of the property and improvements to be <br />acquired from the proceeds of such bonds and notes is hereby certified <br />to be at least five years. <br />2. That the maximum maturity of said bonds calculated in accordance <br />with provisions of Section 133,20 of the Revised Code is forty (40) years. <br />3. That inasmuch as your Council is now proposing to issue a note in <br />anticipation of the issuance of such bonds and to retire and pay off the unpaid <br />balance of a note issued September 6, 1962 presently outstanding, the maturity <br />of such renewal note may not extend beyond September 6, 1~7, and would further <br />be limited to one {~.~ year unless sold publicly or to the Bond Retirement Fund <br />or Treasury Investment Fund. <br />Respectfully submitted, <br />Director o• Finance <br />