(a) The cost of advertising the sale of the cost of printing and signing of bonds and notes of the City and of an official statement and related documents, and the cost of the approving opinion herein provided for and the cost of such professional reports as the Director of Finance may deem necessary for the sale of the bonds or notes shall be paid from the proceeds of such bonds or notes, unless the payment of such costs is otherwise provided for.
(b) The Director of Finance shall have authority to procure the printing of bonds and notes of the City and of an official statement and related documents. Without competitive bidding, when in the judgment of the Board of Control, it is in the best interests of the City that such requirement be waived.
(c) The Director of Finance shall have authority to procure the services of financial advisors and the preparation of professional reports, including but not limited to accounting, engineering, and other professional reports, as he or she may deem necessary or desirable for the sale of the bonds or other obligations.
(d) When bonds or other obligations of the City are to be sold, the Director of Law shall have the authority hereunder to procure an opinion as to the validity of such bonds or other obligations from an attorney accustomed to passing upon such questions, for the use and benefit of the City and of any bidder on or purchaser of such bonds or notes.
(e) The provisions of this section apply to all bonds and notes of the City, including those issued under Sections 3, 10, and 11 of Article XVIII of the Ohio Constitution and other bonds or notes payable solely from earnings or revenues of a project or activity and for the payment of which the full faith and credit of the City are not pledged.
(Ord. No. 2886-87. Passed 12-21-87, eff. 12-29-87)