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or its nominee, all at the cost and expense (including any costs of printing), if the event is not the
<br />result of City action or inaction, of those persons requesting such issuance.
<br />The Director of Finance is also hereby authorized and directed, to the extent necessary or
<br />required, to enter into any agreements determined necessary in connection with the book entry
<br />system for the Notes, after determining that the signing thereof will not endanger the funds or
<br />securities of the City.
<br />Section 6. The Notes shall be sold by the Director of Finance to The Huntington Investment
<br />Company (the Original Purchaser), Columbus, Ohio, at private sale at a purchase price not less than
<br />100% of par plus accrued interest, in accordance with law and the provisions of this ordinance. The
<br />Director of Finance shall sign the Certificate of Award referred to in Section 3 specifying the
<br />aggregate principal amount of the Notes to be issued, the interest rate the Notes shall bear, the final
<br />purchase price of the Notes and certain other final terms of the Notes and evidencing that sale, cause
<br />the Notes to be prepared, and have the Notes signed and delivered, together with a true transcript of
<br />proceedings with reference to the issuance of the Notes if requested by the original purchaser, to the
<br />original purchaser upon payment of the purchase price. The Mayor, the Director of Finance, the
<br />Director of Law, the Clerk of Council and other City officials, as appropriate, are each authorized
<br />and directed to sign any transcript certificates, financial statements and other documents and
<br />instruments and to take such actions as are necessary or appropriate to consummate the transactions
<br />contemplated by this ordinance. The Director of Finance is authorized, if it is determined to be in
<br />the best interest of the City, to combine the issue of Notes with one or more other unvoted general
<br />obligation bond anticipation note issues of the City into a consolidated note issue pursuant to
<br />Section 133.30(B) of the Revised Code; provided that, if the aggregate principal amount of the
<br />consolidated issue is $1,000,000 or more, no note of that issue shall be issued in a denomination less
<br />than $100,000 or be exchangeable for other notes in denominations less than $100,000.
<br />Section 7. The proceeds from the sale of the Notes, except any premium and accrued
<br />interest, shall be paid into the proper fund or funds, and those proceeds are appropriated and shall be
<br />used for the purpose for which the Notes are being issued. Any portion of those proceeds
<br />representing premium and accrued interest shall be paid into the Bond Retirement Fund.
<br />Section 8. The par value to be received from the sale of the Bonds or of any renewal notes
<br />and any excess funds resulting from the issuance of the Notes shall, to the extent necessary, be used
<br />to pay the debt charges on the Notes at maturity and are pledged for that purpose.
<br />Section 9. During the year or years in which the Notes are outstanding, there shall be levied
<br />on all the taxable property in the City, in addition to all other taxes, the same tax that would have
<br />been levied if the Bonds had been issued without the prior issuance of the Notes. The tax shall be
<br />within the 11.1 -mill limitation provided by the Charter of the City, shall be and is ordered
<br />computed, certified, levied and extended upon the tax duplicate and collected by the same officers,
<br />in the same manner, and at the same time that taxes for general purposes for each of those years are
<br />certified, levied, extended and collected, and shall be placed before and in preference to all other
<br />items and for the full amount thereof. The proceeds of the tax levy shall be placed in the Bond
<br />Retirement Fund, which is irrevocably pledged for the payment of the debt charges on the Notes or
<br />the Bonds when and as the same fall due.
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