Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-09-06
An Ordinance

To assess a speciai tax on real estate bound
ing on Market street, between Main and High
streets.
the city Of Springfield Ohio. two thirus Of the
whole mum er of members elected thereto
eancurring). That there be levied and a.
sessed on each front Loot OF the several lots of
from the north line OF High street 20 the south
line OF Main street. the sums hereinafter
named for each and every year as specined,
isse one dollar. seyenty-two cents. four mills
and eighty hundredfhS OF a mill ISL 724sl
1890 One dollar, sixty-six cents and twelve
hundl edtbs Of mill 81 6iDl2
IsgI One dollar. hfty-nine cents. fye mills
and forty four huBdredths OF a mill 81 je544
1882 One dollar. nifty three cents and seventy
six hundred this of mill ..-...--....-. 516
1895 One dollar, forty six cents. six mills aud
eight hundredths OF a miil.---... 81 46tsS
1894 One dollar. forty cents, one mill and for
ty hundredths of mil 40ls0
1898 One dollar. thirty three cents. six mills
and seventy-two hundfedths OF
mill Isl 35c32
1s.6 One dollar, twenty seven cents. Two mills
and four huncredths Of "A MILL. .-... 81 Z1d4
1897 One dollar. twenty cents. seven mills ana
tnirty-sx hundTedths of a mill.--..---.-sl113b
lsy5 One dollar. fourteen cents, two mills and
sIxty-eight hundredths of milI....-.-sl i426s
To pay the cost aud expense Of improving
Market streetibetween the points aforesaid. in
the manner provided In an ordinaee passed
August Bth, lsss. together with the interest
q
for said improvement, according TO the es.i-
mate of the city engineer.
SIC. 2. That the owners of the several lots Of
land upon each front foot Of which the sums
aforesaid are assessed, shall pay the amount
OF money by them severaliy due In that behalf
TO the city CLERK on or before the twentieth
dag following the passage Of this ordinance
In each Of the said several years. and in de-
fault OF such payment the said city clerk shall
forthwith certify all unpaid assessments to the
county auditor, TO be By him placed upon the
the tax duplicate and collected according to
law.
SIC. 8. That to provide a fund for the pay
ment OF the cost and expense OF improving
said Market street. the mayor and city clerk
be and they are hereby authorized to issue
twenty t1) bonds OF the city OF Springfield for
the sum Of four hundred and thirty one and
twenty huncredths i5l D1O0) dollars each.
payable az the city treasury IN one. two, three.
four. fve. SIX, seven. eight. nine and ten years
from the twentieth day following the day Of
the passage Of this ordinance. with interest
payable semi annually. said bonds to be
signed By the Aforesaid o1ncers. sealed with
the seal OF the corporation. have the Bame OF
said street legibly written or printed upon
them and sold for not less than their par
value. and the proceeds thereof shall be sp-
piled TO the payment OF the cost and expense
OF said improvement and 10 no other purpose
bonds and the interest thereon the revenue
ana faith and all the real and personal prop
erty Of the city are hereby pledged: provided.
tuas u on or DtiOfc the sale Oh sdlu
bonds any OF the owners Of proper
ty on said Market street shall
pay the whole OF said ten (l01 installments in
cash. less the interest on the said ten (l0) de-
ferred iDstailments, the amount so paid In
cash shall be paid into the city treasury to the
credit Of the fund To be provided for the pay
meut of the cost and expense of said improve
ment, and the amount of the bonds to be Ia
sued shall be reduced by deductiDg the amount
so paid In cash from the total amount Of the
fund to be provided, snd the boEds issued
shall be TO provide the remainder Of said
fund, and each bond shall be for one twentieth
I'D Of such remainder, and payable with in
terest at the times and in the manner afore-
said.
SEC. 4. That upon the sale Of said bonds the
proceeds thereof shall be placed In the city
treasury and applied to the payment of the
cost and expense OF making SAID Improvement.
SEC 5. That the said annual assessments
and all portions thereof shall De paid into the
city treasury when collected, and shall be sp-
piled TO the payment Of said bonds and inter
est thereoluRs the same shall become due, and
70 no other purpose Whatsoever
SIC 8. This ordinance shall take effect and
be In force from and after the earliest period
allowed by law.
Passed September 4th. A. D.. 1888.
JAMES A. DICUs, President.
Attest: ]. S. SHEwALrER. City Clerk. zi2m