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? <br />,i <br />e eyxr. -r? <br />. .?_? <br />CITi OF ll0wn aLNBM <br />onnum wo. --7 <br />t <br />c <br /> <br />Aur axMwAWs To PRavzDR Fac M issuANCZ or NM= nr ArricirATIax oF <br />TIZ isSuAWa rnr aaM PM M rtrMM os rAYnra TU cosr of ruM, <br />sMzrtcaaIoss AXD o?AZR PRILIMAW ooeIN nrcxDOr ro Aro MoisrM <br />Mt ?gE CONS'i'ROCTMI OF ? OUGS COILEC"_'IOiI 3YSM AND 3NiAc:B lKX1T« <br />Mb39'P F'S.Aff FOR TO CITY 0! 11OM OL!lBTSD, A1fD MCLL1lIla llt MMOt.''?. <br />WHXRRU, Couaoil of the City oi 1lorth Olrtod Ms pnmant to mtbcrity granted <br />by 8evised Code 9ectioa 727.311 deterained the nooaait,r ot acastructing a astm of <br />revc?rage for the Citr of Noarth Oliuted and hsa after c'.ue notiaas uAd bftrinss levisd <br />a pre2imira..? eaoesmaat in the agarrgate suwnt ot i205,700 to psy the oobts of plano, <br />epeeiPicatians, estinutts of coat ewd otber aanticipsted chsxges preliainary to the <br />actual oonstruotieg and finsiwiug oi coartsuction of auah sawereg+ qster aad haa deter- <br />minod to iasne bmds of the City in anticiaptioa ot the colleation of euoh aareasssnts <br />emd tv issue notes in r:nticipaticn of the isausaao of wtoh baada; <br />AW? TH=?RRS, ES IT WMIM by the Cawroil ot the City oi xcrrth Oinatedo <br />9tato of Ohioi <br />section 1s TLat it is hersby decla?red neoeseary to iaauo bonds af the CitT oi <br />yorth Oidtod in the primipal aua oi i2059700 foQ' the pnrpose o! pWaff the oost oi <br />Vtneral and detailed plaaa, tpsciffcatiune, setiaatos of aost, preparatian oi t@utative <br />aseeawsmts and the cost ot firanoing wd leaal •srricN iacidtot to the pzypruratiou of <br />such plsua snd of • plan of finauaing for Qoaatavction of asystem of •swaxw4ls gnd sevw <br />trNtaestt plant for the City of I(orte Olastad in the amntr provi"d io OrdiAam• No. 2613 <br />pesa" Dooasbr 309 19579 vh,icb boaade ahall M issued in autioipatian ot the colleation of <br />tho proliais!ksy wmMwtt !or suah purposs htretofore lrrird. <br />8ecticn 2: Rhat oaid Daddn eluall br datw approcimLely April lg 19599 Shall <br />bear i.aterht st tha eatinAted sat• of tb,r?e ana em*?Wlt pw ooe?txs psr wmutt py/able <br />sesi-anmmlly until the principal wa is paid, itld tUll aatsre is tvsnty wtbstentia21y <br />equal irwtallwats atter thoir iseumoe. <br />aectfan 3o 2hst tor the paryow of raising oaap? 1A a,ntioip?tioa ot the levy <br />of speoial asaeameeits 4nd ot the iasuanoo ot the aforMaid boadar tor tbo above desoribed <br />parposo, it 1s hereby Aeclarsd aeaossart to iun• a?d thtro ohall U ismud =wtea of said <br />City in the aggregste asaunt ot =203, 100 . <br />:leatien 4e That saats aaticipatva7 notea in the rwnt of the afaaNSda aha11 <br />boar inttrNt at s rate not, oxceeding three and one-3falt tet odnLua yer amio, oueh <br />intereat to bs peyrabl• at maturity. duah notesyldl bo dated u of the dat• of isauanco <br />and ehall snture cn ax bsfoiw d?e ytar froe asid dat• oi iaanasoie w4 axall b9 exsoatod <br />end delivered in suah datatinalioas aa my bo re"otod V the, pnrohaswt t.hlreol. <br />9ectivn 51 Duah aotes shali be exooated 1sy the llayar aed l6,ditoor aeQ shall <br />haar t!» aftl ot the aorparatiaa, al,sll be panble at 24e xatiaul City Dmic o! Clorlaad, <br />Itorth Olwrted otfleH, liorth Oltrtod, Obtio, aad alu11 expr o apon their fsae the pnryoss <br />for Whicb Lliey ety issaed asQ lhat tbq are faeued pursnant to this ardinsaoo. <br />Seotion 61 All aaaaswnta oollsated iar the prrpor" aforMaia, wd aty? <br />uaexpmdod balaare rwaiaiaa ia tIt• ewrar Dlasnin lW?i attear the oort• ant ezporas <br />thereof lsah Dem yaid, sba].l be appliod to ths, gy?arett ot Nid rotes aaa this interest <br />thereon nwtil tioth are l411y prori8ed focr. <br />Sectian 7# 'Phat Said notu•40lt ,!"lzst bit alYayd to tl?t City Trfttartr as <br />otYiear la oharp oi*tla Saqd IIstireaent Fund, sni it ftiA aaLft are rej"ted bpr wneL <br />oSfioer, the City Auditor ir bftweby milwaris" mt diseetK to seil tho qsw at private, <br />Ma• at wah intutist rate, Ao# excsoding that epftifiod in seatian 4 htraoi, u be shail <br />nwtiate in hiM prirate sa2• pzocsediage. The prooesdr of wneit W• aMll iN pail into <br />the proper fuad a" nsed for tha pur7oM for MIt14L said rw#N aam Mf" iqited andet the <br />proviaicas of ttiie ordiaaaoe. Asqr premium aoQ roosuN intwset sha11 U trmrisrrel into <br />the Doaa xrtsretant lond to bo qWsed i.n paywnt of tlre priscipsi m1 iotafat oi atia <br />notes in the Soomer protided. <br />? .•, 'L? ?lslr ?:?'?- s e4 't .?i- ? <br />I