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? <br />CITY OF NORTH OLMSTED, OHIO <br />ORDINANCE N0. 82-61 <br />BY: _)X4. <br />AN ORDINANCE AMENDING SECTION 3 OF ORDINANCE N0. <br />82-40, PASSED APRIL 6, 1982, AND DECLARING AN <br />EMERGENCY. <br />BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga <br />County, State of Ohio, that: <br />SECTION 1. Section 3 of Ordinance No. 82-40, passed by this Council <br />on April 6, 1982, be and the same is hereby amended to read as follows: <br />"SECTION 3. The Bonds shall express upon their faces <br />the purpose for which they are issued and that they are <br />issued pursuant to this ordinance. The Bonds shall be <br />executed by the Mayor and the Director of Finance, one of <br />whose signatures may be a facsimile, and bear the seal of <br />the City or a facsimile of that seal. Interest coupons <br />attached to the Bonds shall bear the facsimile signature of <br />the Director of Finance. The Bonds shall be designated <br />"Department of Public Service Equipment Bonds"; and shall <br />be payable in lawful moneq of the United States of America <br />at the principal office of National City Bank, Cleveland, <br />Ohio, without deduction for its services as the City's <br />paying agent." <br />SECTION 2. Section 3 of Ordinance No. 82-40 as it was passed on <br />April 6, 1982 be and the same is hereby repealed. <br />SECTION 3. The Clerk of this Council is hereby authorized and di- <br />rected to forward a certified copy of this ordinance to the Auditor of <br />Cuyahoga County. <br />SECTION 4. It is hereby found and determined that all formal actions <br />of this Council concerning and relating to the passage of this ordinance were <br />adopted in an open meeting of this Council, and that all deliberations of this <br />Council and of any of its committees that resulted in such formal action, were <br />in meetings open to the public, in compliance with all legal requirements <br />including Section 121.22, Ohio Revised Code. <br />SECTION 5. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, health, <br />safety and welfare of the City, and for the further reason that the immediate <br />issuance and sale of the Department of Public Service Equipment Bonds is <br />necessary to provide funds to retire the outstanding anticipatory notes at <br />their maturity and thereby to protect the credit of the City; wherefore,