VILLAGE OF GRANVILLE, OHIO
ORDINANCE NO. 331922
AN ORDINANCE PROVIDING FOR THE ISSUANCE OF
590,000 OF NOTE BY THE VILLAGE OF GRANVILLE,
OHIO, IN ANTICIPATION OF THE ISSUANCE OF BONDS
FOR THE PURPOSE OF PAYING PART OF THE COSTS OF
CONSTRUCTING IMPROVEMENTS TO THE WATERWORKS
SYSTEM, AND DECLARING AN EMERGENCY.
WHEREAS, this council has heretofore determined the
necessity of constructing improvements of this municipality; to the waterworks system and
WHEREAS, the Director of Finance, the fiscal officer
of this municipality, has heretofore estimated that the life of the project hereinafter described is at least five (5) years,
and certified that the maximum mbturity of the bonds issued therefore is forty (40) years, and of the notes to be issued in anticipation thereof is twenty (20) years; and
WHEREAS, this council expects that the debt service on such notes and bonds will be paid from special assessments levied against properties benefitted by such improvements and from revenues of the waterworks system (together, the Revenues");
NOW, THEREFORE, BE IT ORDAINED by the Council of Granville, Ohio (hereinafter called the "Municipality"):
SECTION 1. That it is necessary to issue bonds of the Municipality in the principal amount of $590,000, for the purpose of paying part of the costs of constructing improvements to the waterworks system. Such bonds shall be dated approximately October 1, 1993, shall bear interest at the rate of approximately seven per centum (7%p)er annum and shall mature in substantially equal annual or semiannual installments iosvseuranacpee. riod not exceeding twenty (20) years after their
SECTION 2. That it is hereby determined that notes hereinafter called the "Notes"i)n the principal amount of s5a9id0,b00o0ndss.hall be issued in anticipation of the issuance of
SECTION 3. That the Notes shall be dated October
9, 1992, shall bear interest at the rate of two and hundreths ninptyn-inp per centum (2.99 %p)er annum, payable at maturity, shall mature on September 10, 1993, and shall be of
such number and denomination as may be requested by the
SECTION 4. That the Notes shall bear the
signatures of the Village Manager and Director of Finance,
provided that one of such signatures may be a facsimile, and
may bear the seal of the Municipality or a facsimile thereof.
The Notes shall be designated "Water System Improvement Bond
Anticipation Notes, First (1992) Renewal", and shall be payable
at such bank or trust company designated by the original
purchaser of the Notes and approved by the Director of Finance,
and shall express upon their faces the purpose for which they
are issued and that they are issued in pursuance of this ordinance.
SECTION 5. That the Notes shall be sold, at par
and accrued interest, to Seasongood &Mayer, Cincinnati, Ohio,
in accordance with their offer tp purchase, which is hereby accepted. The Village Manager and Director of Finance, or either of them, are each hereby authorized to execute and deliver a purchase agreement for the Notes in substantially the form submitted to this council with such changes as may be approved by the officers executing the same, their execution on behalf of the Municipality to be conclusive evidence of such authorization and approval. The proceeds from the sale of the Notes, except any premium or accrued interest thereon, shall be paid into the proper fund and used for the purpose aforesaid and for no other purpose, and for which purpose such proceeds are hereby appropriated. Any premium and accrued interest received from such sale shall be transferred to the bond retirement fund to be applied to the payment of principal and interest on the Notes in the manner provided by law.
SECTION 6. That the Notes shall be the full general obligations of the Municipality, and the full faith, credit and revenue of the Municipality are hereby pledged for the prompt payment of the same. The par value received from the sale of bonds anticipated by the Notes, and any excess fund resulting from the issuance of the Notes, shall to the extent mneacetusrsiatyry, be used only for the retirement of the Notes at for such putorgpoesthee. r with interest thereon and is hereby pledged
SECTION 7. That during the period while the Notes will run, there shall be levied upon all of the taxable property in the Municipality, within applicable limitations, in addition to all other taxes, a direct tax annually, not less than that which would have been levied if bonds had been issued without the prior issue of the Notes; said tax shall be and is hereby ordered computed, certified, levied and extended upon the tax duplicate and collected by the same officers in the 2-
same manner and at the same time that taxes for general
purposes for each of said years are certified, extended and
collected. Said tax shall be placed before and in preference
to all other items and for the full amount thereof.
The funds derived from said tax levy hereby required
shall be placed in a separate and distinct fund and, together
with interest collected on the same, shall be irrevocably
pledged for the payment of the principal and interest of the
Notes, or the bonds in anticipation of which they are issued,
when and as the same fall due; provided, however, to the extent
Revenues or other moneys are available and appropriated for
debt service in a sufficient amount, said tax shall not be
collected for such purpose.
SECTION 8. That this council, for and on behalf of
the Municipality, hereby covenants that it will restrict the
use of the proceeds of the Notes hereby authorized in such
manner and to such extent, if any, and take such other actions,
as may be necessary, after taking into account reasonable
expectations at the time the debt is incurred, so that they will not constitute obligations the interest on which is
subject to federal income taxation or "arbitrage bonds" under
Sections 103(b)2() and 148 of the Internal Revenue Code of
1986, as amended (the "Code")and the regulations prescribed
thereunder and will, to the extent possible, comply with all other applicable provisions of the Code and the regulations
thereunder to retain the exclusion from federal income taxation for interest on the Notes, including any expenditure
requirements, investment limitations or rebate requirements or use restrictions. The Director of Finance or any other officer having responsibility with respect to the issuance of the Notes is authorized and directed to give an appropriate certificate
on behalf of the Municipality, on the date of delivery of the Nfoorteths tfhoer finaccltuss,ion in the transcript of proceedings, setting estimates and circumstances and reasonable expectations pertaining to the use of the proceeds thereof and the provisions of the Code and the regulations thereunder.
SECTION 9. That the Notes are hereby designated as Sqeuctaiolinfied taxe-xempt obligations" to the extent permitted by 265(b) of the Code. This council finds and determines that the reasonably anticipated amount of taxe-xempt obligations w( hether or not designated as qualifed) issued and to be issued by the Municipality during this calendar year tinhcalut,didnugrintghe Notes does not, and this council hereby covenants such year, the amount of taxe-xempt obligations issued by the Municipality and designated as "qualified tax-exempt obligations" for such purpose will not, exceed
10,000, 000. The Director of Finance and other appropriate
officers, and any of them, are authorized to take such actions
and give such certifications on behalf of the Municipality with
respect to the reasonably anticipated amount of tax-exempt
obligations to be issued by the Municipality during this
calendar year and with respect to such other matters as
appropriate under the Code.
SECTION 10. That the Director of Finance is hereby
directed to forward a certified copy of this ordinance to the
SECTION 11. That it is found and determined that all
formal actions of this council concerning and relating to the
passage of this ordinance were passed in an open meeting of
this council, and that all deliberations of this council and of
any of its committees that resulted in such formal action, in meetings were open to the public, in compliance with the law,
including Section 121. 22 of the Ohio Revised Code.
SECTION 12. That this ordinance is hereby declared
to be an emergency measure necessary for the immediate
preservation of the public peace, health, safety, morals and
welfare of the inhabitants of the Municipality for the reason that the immediate issuance and sale of the Notes is necessary to retire notes previously issued to support contracts relating
to the improvements to which the Notes relate and to provide for the orderly financing thereof, and, therefore, provided
this ordinance receives the affirmative vote of at least five
members elected or appointed to this council, it shall be in full force and effect immediately upon its passage.
PASSED: October 9, 1992.
1 Attest: 5*25* 2& Clerk of Council
The undersigned hereby certifies that the foregoing is
a true and correct copy of Ordinance No. 33-92.
The undersigned hereby certifies that a copy of the
foregoing ordinance was certified this day to the County
Auditor of Licking County, Ohio.
Dated: October _19,92
Director of Finance
The undersigned hereby acknowledges receipt of a certified copy of the foregoing brdinance.
Dated: October _19,92
Licking County, Ohio
ORDINANCE NO. 34-92
AN ORDINANCE TO APPROVE AND ADOPT
CURRENT REPLACEMENT PAGES TO THE
CODIFIED ORDINANCES; AND DECLARING AN
WHEREAS, certain provisions within the Codified Ordinances should be
amended to conform with current State law as required by the Ohio Constitution; and
WHEREAS, various ordinances of a general and permanent nature have been
passed by Council which should be included in the Codified Ordinances; and
WHEREAS, Council has heretofore entered into a contract with the Walter H.
Drane Company to prepare and publish such revision which is before Council;
oNfOOWh,ioTHEREFORE, Be it ordained by the Council of the Village of Granville, State that:
Section I: The ordinances of Granville, Ohio, of a general and permanent nature, as revised, recodified, rearranged and consolidated into component codes, titles, chapters and sections within the 1992 Replacement Pages to the Codified Ordinances are hereby approved and adopted.
Section II: The following sections and chapters are hereby added, amended or repealed as respectively indicated in order to comply with current State law:
Providing False Information to Police Officer A( dded). Penalty ( Amended).
Speed Limits (Amended).
Stopped Vehicle Which Obstructs Traffic A(mended). Seat Belts Required ( Amended).
Definitions ( Added).
Prerequisites to Operation ( Added).
Prohibitions ( Added).
Criminal Offenses ( Added).
Employment of Drivers ( Added).
Penalty ( Added).
Handicapped Parking ( Amended).
General Offenses Code
Controlled Substance Possession or Use (Amended).
Deception to Obtain Dangerous Drugs (Repealed).
Open Container Prohibited (Amended).
Hours of Sale or Consumption (Amended).
Domestic Violence (Amended).
Sale of Cigarettes To Minors (Amended).
Forgery of Identification Cards (Added).
Section III: This ordinance is hereby declared to be an emergency measure
necessary for the immediate preservation of the public peace, health, safety and
welfare of the Municipality and its inhabitants, and for the further reason that there
exists an imperative necessity for the earliest publication and distribution of the
current Replacement Pages to the officials and residents of Granville, facilitate the administration and so as to daily operation of Granville and avoid practical and legal entanglements. Wherefore, this ordinance shall be in full force and effect from and immediately after its passage.
Passed this 9 day of 06B*ER_ ,
Atest: c-<3,5 "
. 666*j' -Of ' '
Clerk ofcif i*v7'<-44'.-I
04*th # /]
VILLAGE OF GRANVILLE, OHIO