Marietta daily leader. (Marietta, Ohio) 1895-1906, 1897-10-08
An Ordinance

TO AMEND SECTION OF AN ORDINANCE
PASSED JULY 10Th, lsD7, FOR THE PUR-
POSE OF CHANGING THE bENoNINA-
TIoN OF BONDS ISSUED IN AN1IC1PA-
TION OF THE COLLECTION o" ASSESS
MENTS FOR THE IMPROVEMENT OF
SECOND STREET
WHEREAS, by an ordinance duly passed by
this Council upon July 1897, entitled An
Ordinance to assess a special tax upon lots and
lands abutting upon lots and lands abutttng
upon Second Street, from the herly line of
Putnam street. to the Southerly line OF Front
Street, and to issue bonus in anticipation of
the collection of such assessment " it was or
daineG that bonds to the amount of SlI.ll9 90
be issued payable in twenty semiaunual in
stallments, and providing that the amount of
each bond should be proportionately reduced
by any payments of property owners prior to
August 2j, 1897 and
WHEREAS. payments have been made by
such properly owners whereby the amount of
bonds to be issued is reduced to Si3 0l5. and
WHEREAS, such bonds having been adver-
tised accor ing to law, were upon september
1, 1897. duly sold to Rudolph Kleybolte & o.,
" ho were The highest and best bidders, having
bid more than par and accrued interest and
WHEREAS, sniu purchaser desires the de-
nomination of said bonds to be changed so
that there be issued two bonds to matui each
six months for said ten years, instead of one
bond, as provided in said ordinance, one of
said two bonds to be for the sum OF $3.50, AID
the other for the sum of 1882. %, and
WHEREAS, such change Will not increase the
indebtedness Of the city. nor its burdens:
THEREFORE,, BE IT ORDAINED by he City
Council of the CITY of Marietta, Ohio, two
thirds of all the members elected thereto con
curing, therein, that Section of said ordin-
ance passed july 80, It97 be amended so as to
read as follows
section g. That to provide a fund for the
immediate payment OF the proportion proper
ly asses Bile upon said abutting lots and lands
of the total cost and expenses of improving
said Second Street, and in anticipation of the
collection of the assessment bereinbefore
made, the Mayor and City Clerk be and they
are hereby authorized and directed to issue Al
bonds of The ity of Marietta, ohio to the ag-
glegate sum OF $l3Oi52O being for the sum of
$500 each, md 90 being for the sum ~ Slj!.25
iONOws;-
one bond for $780, and one boud for Sl5225,
payable i'll six months after sail date; same
in - t. a. o. 3D. AZ, ls, 81 60 6G ~. ~, 81, 80.
gG, l02, los, ia and l20 months after said date
respectively at the Agency OF said city in the
city OF New York, with interest thereon at the
rate OF six per cent per annum, payable sesni-
annually, principal and interest payable in
good ahd lawful money of the United states oi
America; said bonds shall be signed by the
Mayor and the City Clerk shall be sealed with
the seal Of SAID city, shall have interest cou-
yors attached thereto authenticated by the
engraved Autographed or stamped fac-simile
OF the signature of the ity Clerk and shall
have legibly written, printed or engraved
upon them the words '.Second street from
Putnam street to Front Street Improvement
Bonds said bonds shall be advertised and
sold at not less than their par value and the
proceeds thereof shall be applied to the pay
ment OF said cost and expenses OF said I'M
provement of Second Street. and to no other
purpose whatsoever, and for the payment of
said bonds and the interest thereon. the rev.
enues and faith am all the real personal prop
erly of said city are hereby pledged such as
sessments as hare not been paid prior to Aug
ust %. 1897, shall, when collected, be placed in
sinking fund, and shall be applied to the
payment of the bonds issued, as Aereipbefore
provided for, and the interest thereon, as the
same shall become due, and to 10 other pur-
pose whatsoever.
said original section is hereby repealed.
Section 3 Tnis ordinance shall be IN force
and take effect from and after the earliest
period allowed by law
Passed October 2 1897,
JAMES MCC LURE,
President of City Council.
CARL BECKER, City Clerk.
Oct. t-lt.