The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1892-04-28
Resolution,

whereas. Inc General Assembly Of the State
OF ONO old on the s1st day of March, A., D.
1892. pass certain act authorizing the village
council Of Hillsborough, Bighland county
Ohio, to Issue bonds for the purpose OF pro
! viding said village with q system of water.
works; III words and figures, to-wit:
AN ACT
To authorize the village council of Eillsboro.
Highland county, Ohio, to issue bonds for
the PURPOSES Of providing eaid village with q
system OF water-wotks.
SECTIoN !. Ee uerdcted by the General As
se7nbly Of Tue State of Ohio, That the VILLAGE
council OF the village of HiIsboro, in the
county OF Highland and State of Ohio. be and
Is hereby authorized aud empowered to issue
bonds OF said village in any sum not to exceed
seventy.iive thousand (s75.OOO) dollars, and
bearing interest at q rate not exceeding six per
cent. per annum payable sen,i-snnusiJy. and
10 De OF such denominations as the council
Shall by ordinance dutermine, but not less tina n
one hundred (SlO0) dollars each. and shall be
made payable at such times und place az the
cpubc,i sfall hy ordinsnce prescribe but not
mere than forty years from date, and which
bonds shall not be sold for less than psr value
IN cash. The proceeds Of such bonds shall be
used for the purpose Of buying or leasing the
necessary land and water right and material.
and constructing thereon and Herewith sys,
tenn VI water-works for said village, and for no
other purpose whatever; and such bonds shall
AL-
tested by the Clerk thereof, and seal of said
village, and whom sold the proceeds shall be
paid to the Treasurer of the village. who ahal
hold and dsburse the same as other yiilsp.
funds are by him held and disbuised. But In
no event fhall any OF the proceeds of such
that provided by this act
SEC 2. II any bonds of said village be issued
rs hereinbefOre provided it shall be the dntv
OF the council of said village, annually there.
after, until the slid bonds and the interest
thereon Is fully paid, to assess and levy . tax
on all the taxable property OF the Corporation
sufficient to provide for the payment of said
bonds as they fall due. with interest accrning
thereon. All earnings OF said water works
after dedncting current expenses shsll be paid
into the sinking fund and used for the ex-
tinguishiuR OF said indebtedness.
SEC. 8. Provided, that before said bonds ara |
Issued, the village council shall submit the
proposition to the electors of said village. At
special election to be held for such pnrnose n,
such time and place as the council shall deter.
mine BY resolution, notice OF which shall be-
given OF the time and place of holding such
'!ecuon. ana the amount OF bonds to be issued.
It least ten days prior to the time of holding
'uch election, In newspaper Of general circu
alton IN said village. and the form OF the bal
ot shall be a. follows: Those In favor of the
Of water-works and the issnine Of
aid bonds shall have written or printed on
noH csnoso' "esor-workb-IeS Those on
,osed to the construction Of water. works ana
he issuing OF said bonds shall have written m
printed upon their ballots, Wster-worksNNn
1t such election the Mayor and council anv
hree Of whom shall be quorum, shall serva
. judges. and the Clerk shall serve as clerk
vho shall present the poll. books and returns OF
aid election to the council at its next meetincJ
hereafter, when the same shall be opened ana
anvassed, and the result declared and entered
lpon the minutes Of said council: ana ~ T.
hall appesr that tbree-hfths Of the bsIIots cast
. such election were IN favor Of water. vorks
nd the issuing OF such bonds, then the council
hall proceed 10 issue such bonds. ana not
'thsrwite; provided. however, before issn;nr
aid bonds or contracting any liabilities vhst.
wr, the council shall fix, by ordinsrce ~,
that street sAid water pipes shall be- Ala oiv.
ng dimensions and kind Of pipe TO bs nsed
ne : .. number n.n Of are,plugs and distance from
y raised, which shall be OF sufficient hsioht ~
onduct the water TO any part Of the viIiscs
be number Of miles Of pipe 10 be- laid sn3 :
uch other matters - may be necessarv hi nave
complete and sufficient system OF vster.
'oIks. N3s After the passage and publication Of
~, ~ ~ T1'dntnnnoe, sn as prescribed BY law, the
ocordAnce With the provisiors OF sad ordi. :
ance and which proposals nay be for = mart !
the whole Of the labor and material ~ hs ]
arnicneo, - the council In its di.cretion NAV
eem best. and u u 10 ascertained upon ths
pentDg Of said bids that sAid wster-vorks csn
puiis complete IN every respect and thst
ood and reeponsible parties viii enter int" 4
'neract, with good and sufficient bond thst
'ey WI trild aid wster-works, or such psrts
nay % let 70 them, for . sum not 70 exoead
veoty-nve thousand dollars for The vhoic
ia ocunctl may accept suoh proposal as Il E
~ 1udgmeut y most reasonable. eoonomsssi :
q sasaefActory, and sntsr Into contrsct h,
'en purpose ard may Issue ths bonds =