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91-020 Ordinance
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91-020 Ordinance
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Last modified
1/11/2014 12:57:06 PM
Creation date
12/30/2013 11:15:51 AM
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North Olmsted Legislation
Legislation Number
91-020
Legislation Date
2/6/1991
Year
1991
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<br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in connec- <br />tion with your proposed issue of $500,000 notes (the Notes), to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of acquiring <br />motor vehicles and equipment for use in carrying out functions of the Depart- <br />ment of Public Service, that: <br />1. The estimated life or period of usefulness of the vehicles and <br />equipment described above is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accor- <br />dance with Section 133.20 of the Revised Code, is five years, being my esti- <br />mate of the life or period of usefulness of the vehicles and equipment de- <br />scribed above. If notes in anticipation of the Bonds are outstanding for a <br />period in excess of five years from the date of the original issue of notes, <br />tl~e period in excess of five years shall be deducted from that maximum maturi- <br />ty of the Bonds. <br />3. The maximum maturity of the Notes is June 5, 2000. <br />Dated : ~~ - ~ ~ , 1991 ` ;~~- <br />rector of Finance <br />City of North Olmsted, Ohio <br />
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