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RESOLUTION PTO. 194?. <br />BY : Mr. /~I,'L~~ y ~.~` $ESOLUTIO~+T REQUESTING THE CITY <br />AUDITOR TO FURNISH A CERTIFICATE OF <br />THE SSTI~IATE- LIFE OR USEFtTLNESS OF <br />THE IMPxOVffi~NT ~ THE PURCHASE <br />OF TWO MOTOR COACHES FOR USE BY <br />THE NORTH 4LMSTED TICIPAL COACH <br />LINE. <br />WHEREAS., this Council contemplates isauiag ~40lOOQ,00 <br />of bonds for the purpose of purchasing tx© Motor Coach®8 far use <br />by the North Olmsted Municipal Bus Line in accordanc® with the <br />advertisement regarding said purchase, and the passage by this <br />Council of Resolution loo. 1916, accepting the proposal and <br />purchase of two General Motor Coaches, all of which are on file <br />in the office of the City Auditor, and <br />WHEREAS Sections 133.24 and 133.21 (former Sections <br />2293-•2 and 2293-1~3) of the General Cods require the fiscal officer <br />of the City to certify to this Council his estimated life of the <br />property, assets or improvement proposed to be acquired frc~ the <br />proceeds of such bonds-calculated in accordance with the provi- <br />sions of Section 133.'0 (former Section 2293w9a, and <br />WHEREAS, the City Auditor is the fiscal officer of <br />this City, as defined by Section Ii33„O1 {former Section 2293..1) <br />of the Generall Cods. <br />MiDW, THEREFORE: the Auditor of this City is hereby <br />requested to certify to this Council his conclusions as to the <br />estimated life of such improvement or property proposed to b®e <br />acquired, and the maximum maturity of such bonds. <br />PASSEF3: March 2, ;,954. <br />~F' <br />..,.,,. <br />hr stma , erk o ounc <br />APPRO©ED: <br />ar ea ew s~ yor <br />