65-097 Ordinance - Laserfiche WebLink

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+,.. .. ~ w.,.~- so. ,,,~,~-- ~~~~-. ~ tae ~. ~qww t ~ . ar- ~ cur ~~r. the a eatisated to be reeeiwd trc~ the collecticw at cnrraiat rara~ea in ar ~r tM yw-s 1;Q65 otter thae tree the proceeds of taaoes, leas ay- ~~~ , is at Lesat ~_, ~-1~~ ad 8, Comeil 1MUi detes~tnr that there is urgent present trrd for fora at tbs Citl- to tut al~rri ier fire ~rpe+res for rl.ch the atorsaaid rows are ooLl+aated asd a tad j and deems it seces~ry to barrow Qw Hu~tr~ed '©ousar DolUrs (#t.Cl~lr ~, sad to issw • seta evidencing such borrtwisg Capon the i~as7s herein set fceirb; ~~ , ~ I'!' t~AI~D by the Council of the City o! Borth OLr~ad, State of Otilo: Section 1. 'AMt it is bersby deter~iwd to be ntoaaaery to borrv~- the aw of Qrw SuedrNd ~lroirat Do1Lrs (~LOp,GOp) in wticipation a~f the col- loatiaa of current xrwaaes is ~ ibr the Bawl year 1965 tram ot~rr then the praeeads of ta~aes, and to issw a note to evidence such borrcywing. Section 2. That such note shall be dated t1x date of isauasce tbere- o!, shall boar interest at the t'ai~t of ~ sad thrN-tenths per c~tw { ~,,~~ par annue, pt3nstiha •t uratunrity; shall w~ure on o-r ~e~aix ~w~-rs t'~'oa ssa late thereof ~d shall ba payable at the office of The Aati~l Cif Beak of C1~wLnd Cleveland CJhio. !'or the p ~ y , , payment of the rinci 1 and in- terest off' Mid note t•he sut~ to be reoeiwd frow the current revenues antici- pa1~ by said note are h,areb;r ariatsd for the payment of the principal thereof and interest thereon at Maturity. Section 3. Said note shall be executed b7 the M0-yor and Director of Fir:aace, and shall e~proas an its taoe the purpose !or which it is issued and that it is issued pursuant to this ordinance. Section b. 'that said note shall be first of!'+ered to the Diwctor of Iinanee cd said City as ottioer in charge at the bo©d Aetiremsnt Fuoci, and it sot taken by hie shall be sad h~sreby is awarded and sold to Ttie gatiosal City Bar of CUwl~and, .C1ewLe~d, Clio, at par sax! accrwd interest, it argr. 't"he .plro~eeds of such sale shall be paid into the pecyper fund of the City, and shall be a/M for tl~e purposes for Ml-ich the revenues anticipated thereby are col- lettlsd sad s!ppropriated. ® Section 5. Mid awls does more e: carrw` rewAUes for lass atyr edwacer t~ Debar natal haw beM It is hereby determined and decLred that tiiN}SMOUnt os soul cmt-6at.t of the aoount estimated to be received try the tiswl Isar 1965 other than tray the proms of ts~ees, ereest, and it is further determiwd and decUred that no n issued in areticipatioa of said revenues.