Springfield globe-republic. (Springfield, Ohio) 1884-1887, 1885-01-15
AN ORDINANCE.

TO provide for the issue Of bonds for the purpose
] OF providing the means for the construction of
the Limestone street sewer and branches on Rice
street. Kizer street and Grand avenue, in TAYLOR
street sewer district or sewer district No three )
Bs il ordained by the City Council of the city
of Springfield, Ohio, as follows: Section l. That
for the purpose of providing the means to construct
the main sewer on Limestone street and the
branch sewers on Rice street, KiZer street and
Grand ave, in Taylor street sewer district, or
sewer district No three tS), according the con-
tract Of the city therefor with Daniel F. Minahan
the bonds Of the city TO the cunt OF three
thousand (s3, ,O0Ol dollars of the denomination OF
one thousand dollars each, are 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 euch bonds passed
April II, 1882. the bond. hereby authorized and
to be issued TO bear interest at tn rate of six per
cent per annum, payable sem i-annually; and to
the payment OF all bond. issued in pursuance OF
this ordinance, together with all interest thereon
accruing, the real and personal property and th
and credit Of the city are hereby pledged the
proceeds of said bonds to be applied TO the expense
of said work and to no other purpose whatever.
Section ?. That said bonds snail be the twelfth
series of said bonds and shall be due and payable
on the ist day OF September, 1900. and shall be
coupon bonds.
Section 3. Said bond. are to be payable, princi-
pal and interest at the Office of the City treasurer
Of said city, at the Importers and traders Ma
tional Bank, in New York city, at the option of
the holder thereof, interest to be payable each
of said bonds on the first days OF March and Sent
in each year until the payment of the principal
thereof; and they shall express on their face the
act Of the General Assembly, and the ordinance
of this city under which they are issued as well
as the purpose for which, and the name and num-
ber of the said sewer district for which they are
issued.
Section 4. Said bonds to be issued bv tho
city, and taken and paid for in cash by the pur-
chaser thereof at the City Treasurer 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 accord
ing to law and to the provisions of this ordinance
said bonds not 70 exceed in the aggregate the
amounts herein provided for TO be delivered by
the City Treasurer to the purchaser, purchasers
thereof according to the terms OF purchase here
in before provided) after the same are sold.
Section .. The City Clerk is hereby directed to
cause due legal publication TO tie made, on behalf
of the city, of notice in two newspapers of gen.
eral circulation in this county, that said bonds
will be offered for sale, aod sold by said city at
not less than par and accrued interest the high
est and best bidder therefor, said sale TO be the
Council Chamber in said city.
Section 6. That this ordinance shall take effect
and be in force according law, from and after its
legal publication.
Iassed January 18th, A. d. 1885.
Attest RoBT. JOHNSON,
J. 5. SHEwALTER, President.
City Clerk.