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? <br />OMIME NO. 6 <br />A11 QiDIIIAIICE AU17i0AIZING T8E I88WNCE 0F BOltDB N 7!O CII9! OF NOMB <br />011eTED, GHIO, Ill Al'RICIPATIOIi OF TB$ COLIWZ'I011 OF p'IN I.DiI1URi A86M88- <br />MlRPB ? LSVIBD FCR T86 PIfR'POHE Qr PJ1YIl1(i M COBT a!' PSM, <br />8MIFICIITIONS AIfD OTHER P'lt?t.UlIIiAI? COBTa IIICIDOMAL TO AItD IARIISITE <br />FOA ?IM COIIBtRMI011 OF A BEfIA? COLLICTI0N 8Y81'aM[ MD SlNAtS TMATHM <br />PZA1?'P FOR TIM CITY Or 1IORT8 OI.IBTED, A11D UCURDld AN MAfE11CY <br />MM6A8, the Covncil of the City of north Olastea, qbio, Las heretofore taken <br />due procsediap pursuant to Aeriaed Code 8ectian 727.311 to pmvide lunds bq !in?y <br />of sneesasenta for the peyerent af preliainary costs of eewer plsanias ss bereinai'ter <br />apecitied, nss duljr l.cvied such sssessmats lo the aet iqaid mount oT the bonds <br />bcrein wthorizcd, and hsa ieeued s note ia aoticipatien of such boods in the <br />enmmt of W,700, which nCtC is about t0 matltre; - -j.:ci <br />1lOW, '1'WWM, ffi: IT aRIIAIMD by the Couaail of the City o!' Ibrtb 0]asted, <br />8tate o! Ohio;. <br />eectien l. Zbat it is hereby declarea aecesssry to iswe bonds of the City af <br />lbrth Olmsted, "Wo, in the principal aur of $271,17''j, ia aoticipatiao ot the <br />collecticb of prelisinary a?eeesa?enta heretofore levied !ar the purpose ot pyring <br />tbe cost of plans, apeclficstiaoa and atber prelisinary costs incidental to end <br />requieite for Lhe construction od' s seNge collectiee eystem and srNege tresteent <br />pLat for the City o? lbrtb OLsted. <br />8ection 2. 8sid bond4 absll be iseued io the priacipal rount o? 071,175 for <br />the purpose atoreeasid. The said baoda sball be dated June l, 1961, sLall be issued <br />in the denomiastiosi a! #1,000 each, except band lb. 1ibieh eball be of the 8eaomi- <br />ast ion o! *1)175, sbs].l be numbered fram 1 to 271, both lnclvs3ve, and sball besr <br />iaterest at the rste of four per centum per aanum, Q?sb?le eo the first d?r o! <br />.Tune md Dscember of each year begianing Jwne 1, 1962p ?tmtil the pMacipal sLm is <br />psiS, as evidenced bq the coupons attac2kd tlsereto; pravided, haMmr, tbat if the <br />boods are sold bcaring s different rate of iptereet thati berein specitied, aucb <br />bonds shall bear auch rate of iaterest ss seur be provided in the rewlutioo o? <br />CounCil a"rwing the svsrd tuereof. 8ach bonft sball matutre in their ConseCUtive <br />eerial orOtr as lolla+ra : <br />*].4,175 oa Deceeber 1, 1962; <br />14,000 an Deceuber 1 in esch of the yars 1963 to 19M, both inclusive; end <br />15,000 0o Decamber 1 ia each os' the yewrs 1976 to 19W,b0th inc].wive, <br />Mhich rtnrities are beroby beteMaed to be in st*wtantial]y oqw1 annwl iastalla?ents. <br />Osatian 3. Uat ssid Doends eball expmsa qpoo eheir laice the purpose !or rhich <br />thay are iNUed; thtt tbey are isaue8 ia pursusnce of thi• orMiasaee, and eba11 be <br />sisqed bq? the Myor snd by the Diroctor of Finaoce, provi8od that qoe cf svich aigna- <br />tures mq be a fecsiaiU signature, and sesled vith the eorporste seal of said City <br />or lacsis'iL? tbereo?. 2be intierett coupoas attached to said booda sball bsar the <br />faceiaile sigaturt af the Dirsctor o! lrinsnce.