Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1885-03-18
LEGAL.
AN ORDINANCE

To provide for the issue of bond for the purpose
of providing the means for the construction of
the Plum Street Sewer, in Pllm Street Sewer
District, or Sewer District Number Five.
SECTION I. BE it ordained by the City Council
Of the City Of Springfield, Ohio That for the pur-
pose Of completing the payment for the construc-
ton Of the main sewer on Plum street, In Plum
Street Sewer District Sewer District Nu Der
Five t5, and for the payment Of the interest of the
bonds OF said sewer districr, bond of the city to
the amount of One Thousand Dollars, of the de-
nomination OF One Thousand Dollars, is hereby
authorized and ordered TO be issued, under and in
pursuance OF an act of the General Assembly of
the State Of Ohio, authorizing the issue Of such
bond, passed April 18th, 1882; the bond hereby so
authorized and ordered to be issued to bear in ter
est at the rate OF six per cent per anpum, payable
semi-annually; aud to the payment of said hond
issued in pursuance OF this ordinance, together
with all interest thereon aecruing, the real and
personal property and faith and credit of the city
are hereby pledged, the proceeds of said bond to
b. applied TO the expenses of said work and inter-
est on bonds. and TO no other purpose whatever.
SEC. 2. That said bond shall be the eighth series
Of said bonds, and shall be due and payable on
the LIST day OF September, 1891, and shall be
coupon bond.
SEC. 3. Said bond 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 option OF the
holder thereof, interest to be payable said bond
the first days Of March and September in each
year until the payment OF the principal thereof;
anu II su IL tApTtss on lts lace ACT VI ueu-
eral Assembly, and the ordinance Of this city un-
der which it is issued, as well as the purpose for
which, and the name and nu u Der OF the said sewer
district for which IL is issued
SEC. 4. Said bond is TO be issued by the city,
and taken and paid tor in cash by the purchaser
thereof at the City Treasurers office, in this city,
within fifteen days from the date of sale Of same;
and the Mayor and Clerk OF said city are hereby
authorized and directed to execute according 10
law, and to the provisions of This ordinance, said
bond, not to exceed in the aggregate the amount
herein provided for, to be delivered by the City
Treasurer to the purchaser, or purchasers thereof
(accordiug to the terms of purchase hereinbefore
provided after the same sold.
SEC. S. The City clerk is hereby directed to
cause due legal publication TO be made, on behalf
of the city, of notice in two newspapers OF gen.
eral circulation in this county, that said bond
will be offered for sale, and sold by said city, at
not less than par and accrued interest to the high
est and best bidder therefor said sale to be at the
Council Chamber in said city.
SIC. 6. That this ordin ance shall take effect ard
be in force according to law from and after its
legal publication.
Passed March 18th, 1885.
RoBT. JOHNSON. Preside nt
Attest: J. 8. SHEwALTER City Clerk.