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RESOLUTION NO. 2154. BY: ~~ Kramer. A RESOLUTION DECLARING THE Al"~OUNT OF TAXES THAT MAY BE RAISED BY LEVY AT THE MAXINNM RATE AUTHORIZED BY LAW WITHOUT A VOTE OF THE ELECTORS TD BE INSUFFICIENT AND DECLARING THE NECES- SITY OF A LEVY IN .EXCESS OF SUCH RATE. (Operating levy) BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OL~ISTED, STATE OF OHIO, two-thirds of all members elected thereto concurring: Section 1, That the amount of taxes that may be raised by the levy of taxes at the maximum rate authorized by Section 5?05.02 of the Revised Statutes of Ohio on the taxable property in the City of North Olmsted will be insufficient to provide an adequate amount for the necessary requirements of said City and that it is necessary for the purpose of providing additional funds for current expenses of the City of North Olmsted that taxes be levied on the taxable property in said City for the period of five years at a rate in excess of such maximum rate authorized by Section 5705.02 of the Revised Statutes of Ohio. Section 2. That it is necessary to levy taxes for the years 195?, 19~$, ~-'~6O and 1961 (tax years of 195b, 1957, 195$, 1959 and 1960 at the rate for each year of three mills on each dollar of the tax valuation which amounts to thirty cents (30¢) for each one hundred dollars (100.00} of valuation of the taxable property within the City of North 01.msted in excess of the rate authorized by said Section 5705.02 of the Revised Statutes of Ohio, which is a renewal of the present three«mill levy. Section That said proposed renewal of tax levy shall be submitted to actors of the City of North Olmsted, Ohio, at the next General Election to be held on November $, 1955 in the said City, and the Clerk of this Council be and he is hereby directed to certify a copy of this Resolution to the Deputy State Supervisors and Inspectors of Elections of Cuyahoga County, Ohio, in order that said Supervisors and Inspectors of Elections may make the necessary arrangements for the submission of such question to the Electors of said City, and all of which they are hereby respectfully directed to do. S.ectian ~ That the form of Ballot to be submitted to the Electors of t~~Gity of North Olmsted, Ohio, at said next General Election on November $, 1955 for said renewal of tax levy shall be substantially as follows: PROPOSED RENEWAL OF TAX LEVY A Sixty Percent Affirmative Vote is Required for Passage CITY OF NORTH OLMSTED, OHIO A renewal of a tax levy for the benefit of the City of North Olmsted, Ohio, for the purpose of current expenses at a rate not exce®ding thr®e mills for each dollar of valuation, which amounts to thirty cents (3©~hef©earsc195?e 195$,®i959111960(and0i96i.of valuation, for each of t y , FOR RENEWAL OF TAX LEVY - AGAINST RENEWAL 4F TAX LEVY