Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-06-07

SECTIoN /. Be 1t ordained by the. Council of
Othe Incorporated Village of Napoleon, Henry
county, Ohio that by virtue of the authority vest
ed in the council Of said village by Sections twenty
eight hundred and thirty-fve, twenty-eight hun
dred and thlrty-six and twenty.eight hundred and
thirty-seven of the Revised Statutes of Ohio, and
the Amendments thereof, and also by virtue OF a
vote of the electors OF said village. had on the 14h
day of May, A. D. 1894, as authorized by the above
named sections OF the Revised Statutes Of Ohio as
amended, and In pursuance of,and for the purpose
of borrowing money with which to erect and fully
construct waterworks and electric light works in
said village of Napoleon as provided for in an
ordinance passed by the council of said village on
the 21st day of May, A. D., 1894, entitled "An
Ordinance to provide for the erection Of complete
system of waterworks In the village of Napoleon,
Ohio, to supply said village and the inhabitants
thereof with water" and in an ordinance passed
by the council of said village on the 21st day OF
May, A. D., 1894. entitled "An Ordinance to pro-
vide for the erection of electric light works In the
village of Napoleon, Ohio, for supplying said vii
Ia ge and the inhabitants thereof with light" the
village issue and sell its bonds In the sum of sixty
thousand ($60.000) dollars; that the Mayor and
Clerk of said village be and they are hereby author.
ized and directed to issue and sell the bonds OF
said village in the sum Of $4,000 for the purpose
of erecting waterworks ond electric light works In
said village TO supply said village and the inhabi-
tants thereof with water and light.
SEC. Q. Saia bonds shall be In denominations
of one thousand dollars each, bearing rate of In
able semi annually and to be due and payable al
follows: $4,000 payable In ten years from the date
thereof, $20, 900 payable in fifteen years from the
date thereof, and $4,000 payable in twenty yeari
from the date thereof and the principal and inter
est thereof sLall be payable at the office OF TN
Treasurer of said village In Napolean, Ohio. Sait
bonds shall be dated July LIST, A. D., 1894, and TN
interest shall be paid january LIST and July let o
each and every year thereafter.
SEC. 8. Said bonds shall be signed by the Mayo
of said village and countersgned by the Clerk
said village and sealed with the corporate sea
thereof and that the cupons attached 10 saio pong
for the interest to become due thereon snail also
80 signed by the Mayor and countersigned by IN
Clerk of said of said village and said bonds shat
not be cold for less than their par value and accru
ed interest after legal publication OF such Dom
sale.
SEC. 4. That said bonds shall be numbere
from one to sixty inclusive, and the person or per
sons purchasing said bonds shall furnish the blan
forms of such bynds with interest cupons theret
attached subject, however, to the approval OF tn
| council, without any charge to said village.
| SEC. That under and by virtue Of the pre-
visions Of Section twenty-eght hundred and thirty
six Of the Revised Statutes of Ohio and the othe
provisions Of the general laws of Ohio. levy O
mills on each dollar val ration OF real and persons
property within the corporate limits Of said viag
| be made for the present year and that the counc
of said village thereafter shall levy tax In add
| ton to the amount otherwise authorized by la'
| every year during the period said bonds have t
run, sufficient in amonnt each yearto pay the In
terest cupons as they shall become due and to pro
vide sinking fund for the payment of the prime
| pal Of said bonds when they fall due. And for tn
faithful and prompt payment Of the principal an
| interest Of said bonds, the property, faith an
credit of said village lie hereby pledged
SEC. 6. This ordinance shall take effect and
in force from and after its passage and legal put
| lication.
Passed June 4th, 1891.
| d. MEEKIsoN,
Mayor Of said Villag
| g, E. REYNOLDS,
| Clerk Of said Village.