The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-10-10


ORDINANCE NO. 92. To provide
for the issuing OF bonds to pay the
part of the cost and expense of paw
ling Mary street, ELM stree and
George street, McWilliams Court,
Ialleys hereinafter described and for
Iconstructing sanitary sewer and Gel
lar drain on Belleview street, alleys
hereinafter described, Haine avenue,
Avondale, Herr and Superior streets,
chargeable by law against the City
of Marion, Ohio.
Be 1t ordained by the Council of
the City of Marion. State of Ohio.
Sec. /. That to raise money to
lpay the part of the cost and expense.
of the various improvements herein
after described for which said i'm
lprovement special assessments may
be levied chargeable by law against
the City of Marion, Ohio, bonds of
the City of Marion, Ohio, shall be
issued and sold in the following
amounts. To pay City's portion of
the paving of Mary street from
Silver to Joseph street the sum of
$500 90; Elm street from Church to
Mt. Vernon avenue the sum of
$500 90; George street from Main to
Prospect street the sum of $500. 90;
McWilliams Court from Center street
to the north end thereof the sum
of $4,000 Mill Street from State
street. to the first alley east of State
street and running parallel there
with, also, he first alley east of State
street and running parallel Herewith
from Mill street to Center street, the
two alleys running east and west
from State street to the first alley
east of State street and two alleys
being located between Mill and Gen.
tier streets and running parallel there
with. the sum of S400. 00-- and for
lconstructing sanitary sewer and cell
lar drain on Bellevlew street from
first alley east of State street to
tBBallentine avenue the sum of $500
|alley between Prospect and Oak street
from N. Y. p. and o. Ry., to first
lalley south of Silver street; thence
east to George street the sum of
$3.50 90; Hane avenue from Church
street to Mt. Vernon avenue the
sum of $250.00 Avondale street
from Silver street to Blake avenue
the sum of 10000 Herr street from
Silver street south to Edwards street
the sum of $3.50 90; Superior street
from Prospect street to Trey avenue
the sum of 10000.
In the aggregate the sum of Three
Thousand and Fifty (3050) Dollars.
All of said improvements being de-
clared to be necessary ror the health
convenience and public welfare.
Sec. 2. Said bonds shall be issued
under authority of an act of the
general assembly of Ohio entitled
"An act to amend sections 2S35, 1886
and 1887 and to repeal section 1887
A of the Revised Statutes authorizing
the issue of bonds by cities, villages,
hamlets and townships" passed
April 20, 1902 (95 Ohio laws, page
S1S to 1927 and all amendments there
to including the amendments, passed
,by the General Assembly or Ohm
April 22. 20 and 25, 1904. (97 Ohio
Laws, page 291, 100 and $40 respec-
,'tlvely) and March 22, 1906, COS Ohio
Laws page SO to 81 respectively
They shall bear date not later than
the 1st day of December. 1907 and be
due and payable as follows:
One March /, 1909.
One March /, 1910.
One March 1, 1911.
One September l., 1909.
One September l., 1910.
One September /, 1911.
One September l, 1912.
They shall be of the denomination
of Five Hundred Dollars each except
last one which shasll be of but Fiji
ty Dollars and shall be numbered
from one to seven both inclusive.
| Section 3. Said bonds shall bear in
Iterest at the rate of four per cent
per annum payable semi-annually and
all the interest accrung on said
bonds shall mature and be payable
on the first days of March and Sep
tember of each year, and for which
the proper interest coupons shall be
attached and made a part of said
bonds. Both principles and interest
shall be payable at the office of the
Treasurer of the City of Marion,
Ohio.
Sec. 4. Said bonds shall be sign
ed by the Mayor and Auditor of the
City of Marion. Ohio, officially in
their handwriting and have affixed
thereto the corporate seal of said
CITY. Each coupon shall have printed
thereon a fac-simile of the signature
OF the City Auditor of the City of
Marion, Ohio, and the faith, credit
and property OF the city of Marion.
ohio are hereby irrevocably pledged
for the payment of said bonds and
the interest thereon at maturity.
Sec, 5. Said bonds shall express
upon their face the purpose for which
they were issued and that they were
issued In pursuance to this ordinance
and shall be prepared issued and
delivered under the direction of the
Finance Committee of the City Coun-
ell and the Citv Auditor a,d .e..