Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-09-17
Am Ordinance

PROVIDING FOR THE ISSUE AND SALE
OF NEGOTIABLE COUPON BONDS OF
THE CITY OF MARIETTA, OHIO, TO THE
AGGREGATE AMOUNT or FIFTEEN
THOUSAND DOLLARS, FOR STREET
PAVING PURPOSES IN THE STREETS
AND ALLEYS OF SAID CITY
whereas the voters of the Cit- Of Marietta,
IN pursuance OF notice duly gwen and pub.
lished by the t.tty Council OF the City OF Me RI
eta, Ohio, did on The I'd day OF February, 1895,
vote to issue fifteen thousand dollars in bonds
for street Paving Purposes. and VIII ereas,
two-thi'ds OF all the votes cast at said election
were in favor OF issuing said ponds as required
by law, therefore. be 1t ordained by the City
lows:
BILE coupon bonds Of said city, bearing date
teen Thousand Dollars, (il50S.)
Sec @ ion =. That said oonds shall be Known
and desi1 lated as Paving Bonds shall be Is
sued In the denomination o. $500 each, and
s1all bear interest," rom their date at the rate
nn,,T or nYe r Sentum per annum, payable semi.
SAID bonds shall payable IN lawful gold coin
Q. the United States Of the present standard
Civ 81 Wes ~ the ann y M Ness g. the ageny Of said
shall De numbered consecutively from up 20
and including 80 and ali be redeemabe at
any time al.e ten years from the date o, issue
OF the same, and shall be payable at a period
not exceeding thirty yea $ rom their date.
Ms secSion n T. said bonds shall i,s sisoed bg the
sea ed with the corporate seal OF said Civ:
they they shall have interest coupons attached
the sto, upon which snail be ins .ved or litho
traphed the facsimile signature of the Clerk
OF the City Said bonds may be sold and dis.
posed OF by the nell of the City rom ti'ue
TO time as SAID GO, neil shall by resolution de-
term1ne. said bonds shall moi be sold for less
thau par value with ..urd interest
Section 4. When said Don'is or any of them
sales of sad bouds shall be pl; I'd in the
Treas :, OF said City to the credit Of what
shall ne known as The raving Fu1d.
sale or s,ies I ae m PRO & eds arising from NE
pa" the cost and e.lpe lse Of CON tructi:.
street ,avements in anu alop- the strcVtI o.
SAID Gltv. OF Tt-ons thereof includi 3 any
and all Incidental expenses, tbe cost and e.
p use which, just heleinbeiore ,roV dcd may
be paid from the pro eeds arisir~ rom the
sale or sales OF said bonds. may eit1er such
cost and expense as is by law chargeable upon
SAID City, o. srch proportion OF total cost and
exper Sc as tue City Couictl OF said City may
deem IT proper to ve p' ID bv said City, OF sucu
pronoftlon OF total rpst lu ~ pense, IN antici-
pat on of the collie ;tlon OF 81 'cial assessments
The efor, as the Ifty Conn ii of said City may
assc 8 on lots and lands aoutting on shch
81 eets or parts OF streets paved, or such y O.
portlon OF total cost and lense as may be
properly ch ,rgeable TO ard collectiUle from
any Street Railway Comp. iy or any other
person, association OF persons, partnership, or
corpora zion: All money which may be col.
lected by said ity ON said special assess
men the ollection of which may be so as
azores: Id anticipated. and all morey which
ma be collected by said City from apy street
liway company or other person, assoc alton
OF persons, partnership or ,rporation, by
reason OF such p,.yme IL by said City OF the
proportion OF tota. cost and e. pense pro, ely
chargeable to such street railway company, or
otner person, sot alton OF persons, partner
snip or corporation, sh; u be placed in The City
easuij, to the credit OF the Street PAY II =
fi'nd, for the purpose her"in before mentioned,
or else applied by said City either to the pa
ment OF interest on bonds issued under The
Prov Ion of this ordinance or TO the redemp-
tlo OF such bonds or to the cation Of 81 i.
INT f1nd for the redemption Of such bonds.
oect on g. That for tue pr pose of prov Eng
a FUND s" Hctent to pay the interest on any
aid a. bonds issued under the ar .holity OF
said bond election, and the provisions of this
ordina ice for the annual le, OF ia unon
all the ta able properly in sad Git, sufficient
to redeem and Oay the bonds Issue under the
authority o; said Bond Election by their ma
tr .ty.
S lion Z. Ary and all bonds which shall
remain u sold on the lst day of October, 1892
shall be iMmc, lately cancele and destroyed,
by the Finance Comm Ltee of Cou ,cil who
shall report their action in so doing to said
Cor icil, which report shall be entered on the
record OF said Cor ell
Section s. This ordinance shall take effect
and be In force from and after the earliest
period allowed by law
Passed Sept 2, A. D., 1895.
s. j. HATHAWAY.
President of City Council,
CARL BEcK"R, City clerk.