041-86 Ordinance
ORDINANCE NO. 41-86
AN ORDINANCE AUTHORIZING THE PAYMENT OF CERTAIN NOTES
OF THE VILLAGE OF DUBLIN, OHIO, DATED AS OF AUGUST 1,
1984, WHICH NOTES HAVE BEEN LOST AND NOT PRESENTED FOR
PAYMENT, AND DECLARING AN EMERGENCY.
WHEREAS, this Council has been presented with an Affidavit and
Application eVidencing the loss of the following notes issued by the Village
of Dublin, Ohio:
Note No. 35 and Note No. 36, each of the denomination
of $5,000, dated as of August 1, 1984, maturing August
1, 1985, bearing interest payable at maturity at 7.45%
per annum, and being part of an issue of $383,000
Village of Dublin, Ohio Avery and Brand Roads
Waterline Notes (the "Notes").
WHEREAS, this Council has been advised by the Director of Finance that
the Notes have not been paid or presented for payment;
WHEREAS, an indemnity bond has been presented to this Council holding
the Village of Dublin, OhiO, harmless against all loss or liability for or on
account of the Notes so lost, which indemnity bond is hereby determined to be
satisfactory;
NOW, THEREFORE, BE IT ORDAINED by the Council of the Village of
Dublin, Ohio:
Section 1. The Director of Finance is directed to pay The OhiO
Company, Columbus, Ohio, as the owner of the Notes, the sum of $10,745.00,
being the amount of the principal of the Notes plus interest thereon from
August 1, 1984 to August 1, 1985 at the stated rate of 7.45% per annum, upon
payment by The Ohio Company, Columbus, Ohio, of the reasonable expenses
incurred by the Council in the authorization of payment of the Notes.
Section 2. The Director of Finance is directed to file with the
record of redeemed notes for the Avery and Brand Roads Waterline Notes, dated
August 1, 1984, a certified copy of this resolution together with the
indemnity bond, and to make payment to The Ohio Company, upon execution of the
form of receipt of payment appearing hereon.
Section 3. It is hereby determined that all acts, conditions and
things required to exist, happen, and be performed precedent to and in the
payment of the lost Notes, do exist, have happened, and have been performed in
the manner and form provided by law.
Section 4. It is hereby found and determined that all formal actions
of this Council concerning and relating to the passage of this ordinance were
adopted in an open meeting of this Council, and that all deliberations of this
Council that resulted in that formal action, were in meetings open to the
publiC, in compliance with all legal requirements including Section 121.22 of
the Ohio Revised Code.
Section 5. This ordinance is declared to be an emergency measure
necessary for the immediate preservation of publiC peace, health, safety and
welfare of the Village and for the further reason that the lost Notes have
matured and the principal and interest due on the Notes should be promptly
paid; wherefore, this ordinance shall be in full force and effect immediately
upon its passage.
- ~;dd:Z;nd day of June . 19B6.
Mayor - Presiding Officer
Attest:
/J
~/AO-IUtC7 7~, '7 ;4./L.e<...-,J
C {erk of Coun il I I hereby certify that copies of this Ordinance/Resolution
were posted in the Vi!lJE2 of D:biin in 2ccordance with
Sectioil 731.25 of the Ohio Revised Code.
Sponsor -:?ti-l1ALL) '77;. 't//r..-L('L..</
Clerk of Couilei,