Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1885-11-25

To provide for the issue OF bonds for the pur-
pose of providing the means for the conStruc-
tion Of the Foster street s1.wer. in Green
mount sewer district. or Sewer District No. ,
SECTION |. Be IL ordained by the city soun-
ell of the city of Springfield. Ohio. That for the
purpose of providing the means To construct
the main sewer on Foster street, In tirret.-
mount sewer district or sewer distric! Number
two - in said city, the bonds of said city To
the amount Of fifteen thousand islS.tvji dollars.
OF the denomination OF one Thousand dollars
each, are hereby authorized to bs issued. un-
der and III pursuance of an act Of the general
assembly Of the state of Ohio. authorizing the
issue Of such bonds, passed April y, 1875, the
bonds hereby authorized tn he issued 10
bear Interest at the rate OF siN per cent. per
annum. payable semi-annually; and to the
payment "f all bonds issued III pursuance of
this ordinance. together with all interest
thereon accruing, the real and personal prop
erty and faith and credit nf the city are hereby
pledged, the proceeds of said bonds tn be ap-
piled IL the expense of said work, payment of
interest on bonds. and to no other purpose.
SEC. , said bonds shall be known as the
third SERIES OF bonds for Greenmount sewer
district. or sewer district number two ~ and
shall be due and payable as follows: Five
thousand dollars an the lst day nf september.
A. ID. 1880, and five thousand dollars on the
lst day of September in each year thereafter
until the payment Of the whole amount there
Of; said bonds to be coupon bonds.
SEC. 3..Said bonds are To be payable. principal
and interest, at the office of the city treasurer
of said city, or at the Importers and Traders
National Bank. in New York city. AT the on
ton Of the holder thereof. interest to be BAY
able on each of said bonds on the first dayS of
March and September in each year until tn.
payment of the principa. thereof; and they
shall express on their faoe the act of the gen
eral assembly. and the ordinance of this city
under which they are issued. aS well as the
purpose for which. and the name and number
of the said sewer district for which they are
issued.
SEC.4. Said bonds are 10 be issued by the
city. and taken and paid for in cash by the
purchaser thereof at the city treasurer's Office
in this city, within fifteen days from the dat,
Of sale of same; and the mayer and clerk of
said city are hereby authorized and directed
to execute according to law, and To the proyi-
sians of this ordinance, said bonds not To ex-
ceed in the aggregate the amounts herein pro
vided for, 10 be delivered by the city treasurer
To the purchaser, or purchasers thereof lac-
cording To the terms of purchase hereinbefore
provided after the same are sold.
SEC. D. The city clerk Is hereby directed 70
cause due legal publication to be made on be-
half Of the city. Of a notice in two NEWSPAPERS
OF general circulation in this county, that said
bonds will be offered for sale. and sold by said
city, at not less than par and accrued interest.
to the highest and best bidder therefor, SAID
sale to be at the council chamber in said city
SEc. g. That this ordinance shall take effect
and be In force according to law, from and az
ter its legal publication.
Passed November 2th. A. D. 1887.
P. p. MAST. President
Attest: ]. s. sHxwALrER. City Clerk. Am