Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-09-07
An ordinance

To assess a special tax on real estate pound
ing on Main street, from the west line OF
Market street to the east line OF Limestone
street.
SECTION l. Be It ordained BY the council Of
the city of Springfield, 0nio two thirds OF the
whole number of members elected thereto
c0rcurring). That there be levied ana assessed
on each ifont foot of the several lots Of lard
bound ing and abutting on Main street, from
the west line of Market street 70 the east line
of Limestone street. the sums hereinafter
named for each and every year az specined, TO
1859 One dollar. ifty FIVE cents. two mills and
three hundred and twenty thousandtn --,
OF one hill
ls90-0ne dollar, forty nine cents. four mills
and one hundred and eight tnoq- ,o,
sandths oi one , iysio ,,Ie
and eight hundred and ninety six thou
sandths OF one }Soaso
lS92-0ne dollar, Ihirty-seyen cents, seven
mills and six hundred and eigthty-four
thousandths of one mill
lS93-One dollar. thirty one cents, nine mills
and four hundred and seventy two
thousandths Of one mill. .Sls4I2
1s94-0ne dollar, twenty-six cents. one mill
and two hundred and sixty thou
satdths of one 81 2bl2bO
1895 One dollar. twenty cents. three mills and
Iorty- eight th0usandths Of one mills .20O4o
lSgo-One dollar. fourteen cents. four mills
and eight hundred and thirty six thou
,ssMns doar 10 ge siaht SAINTS si1 mills and six
huhNhSN e..N s"ohsyAVaA shSa'oAN
1S9s-One dollar. two cents, eight mills and
four hundred and twelve thousandths
OF
To pay the cost and expense OF improving
Main street, between the points aforesaid, In
the manner provided in an ordinance passed
on the bonds issued to provide fund to pay
for said Improvement, according 10 the esti-
mate Of the city engineer.
SEC. 2. That the owners Of the several lots
f.fI q .Enr a oa.h MT II W
sums aforesaid are assessed, shall pay the
amount of money by them Severally due In
that behalf to the city clerk on or before the
twentieth day following the passage of this
ordinance. in each Of the said several years.
and indeiauit of such payment the said city
clerk shall forthwith certify all unpaid assess
ments to the county auditor. TO be BY him
placed upon the tax duplicate and collected
according to law.
SIC 8. That to provide fund for the pay
ment Of the cost and expense OF improving
and they are hereby authorized to issue
twenty f2O bonds of the city of Springfield for
the sum OF four hundred and eighty-five and
ten one.hundredths 4S510) dollars each. pay
able at 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
thereon at the rate of six per cent. per an
mum, payable semi Annually, said bonds to be
signed by the Aforesaid officers, sealed with
| the seal OF the corporation, have the name OF
8dlQ 36ftcL lcRlDiy WTitttu or printed upon
| them and sold for not less than their par
value. ard the proceeds thereof shall be ap-
| piled to the payment Of the cost and expense
| of said improvement and 20 no other purpose
| whatsoever, aud for the payment OF the said
bonds and the interest thereon. the revenue
| and faith and all the real and personal prop
| erty OF the city are hereby pledged: provided,
| that IL on or before the sale OF the said bonds
any Of the owners Of property on said Main
street shall pay the whole Of said ten Q0) in
st6llments In cash, less the interest on the
said ten tl0) deferred installments. the amount
| so paid In cash shall be paid into the city
| treasury to the credit Of the fund to be pro
yided for the pay ment Of the cost and expense
bonds TO be issued shall be reduced by deduct
| ing the amount so paid In cash from the total
amount of the fund to be provided. and the
b0pds issued shall be to provide the remain
der OF said fund, and each bOni shall be for
| one twentieth (l-20J of such remainder, and
| payable with interest at the times and In the
manner Aforesaid.
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 she
cost and expense of making said improve
ment.
sEK S. That the said annual assessments
| and all portions thereof shall be paid into the
| city treasury whea collected, and shall be ap-
| piled to the pa, .nent OF said bonds and inter.
! est thereon as the same shall become due, and
! to no other pu cpoA whatsoever.
| SIC 8. This ordinance shall take effect and
be In force from and after the earliest period
allowed By law.
| Passed September 4, A. D. 1888.
JAMES A. DICUS, President
Attest: J. s. .SHEWALTER. City Clerk