The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-06-13


S. Il. RAUHAUSER,
President of City Council.
Approved by the Mayor, Louis
Attest: william Fies, CITY Clerk.
Scherff.
Star 6-5-12-07. Mirror 6-6-13-O7.
ORDINANCE No. 40. To pro-
vide for the issuing of bonds in the
sum of twenty-five hundred dollars
tf2,500) which amount is not in
excess of un9 per cent. of the total
valuation of the property of the
CITY of Marion, Ohio, as listed and
assessed for taxation. to pay the
ecst and expense of improving va
rlous streets Ia the City of Marion.
Ohio, by constructing Crosswalks.
BE 1T ordained by the Council of
the City of Marion. State of Ohio
See. / That to raise money TO pay
the cost and expense of improving
various streets in the city of Marion
OHIO. by constructing crosswalks.
bonds of the City of Marion.
Ohio. not in excess of cne per cent.
cf the total vamat9rn of the prop
erty of the City of Marion. Ohio.
as listed AMI assessed for taxation.
shall be issued and sold in the
amount of twenty-five hundred dol
lars (S25O0) 1t is therefore de-
clared by tne Council of the City
OF Marion, Ohio, to issue said bonds
In said amounts for the purpose
herein mentioned.
Section , Said bonds shall be
issued under authority of an act of
/ the General Nssembly of Ohio, en-
titled CAN act to amend sections
2o35, 1896 and 1897, and to repeal
sections 2S37A of the Revised Stat
utes authorizing the issue of bonds
by cities, villages, hamlets, and
townships, " passed April 20, 1902,
t05 Ohio Laws, page 3lS TO 322)
and all ameniments thereto. includ-
irg the sad amendment passed bv
the General Assembly of Ohio April
%, % and -, 1904 I97 Ohio Laws
page POI, lH2 and 520 respectively
and March p, 1906 9S Ohio Laws
page G3 e 6, inclu,lvely). They
shall bear A.!e not ate: than the
st day Of Jr!y, 1907, and be due
and payable as follows
One March lst. 1908.
One September LIST, 1908.
One Marcn LIST. 1900
One September 1st, 1909.
One Marcn LIST. 1910.
They shall be of the denomina.
lion of Five Hundred Dollars each
and shall be numbered from one
tc five both inclusive.
Section ,, Said bonds shall bear
interest at 'he rate Of four per cent
per annum, payable semi-annually,
and all interest accruing on said
bonds shall mature and be payable
on the firSG days of March and
September of each year, and for
which the ploper interest coupons
shall be attached and made a part
of said bonds. Both principal and
interest Shl,l be payable at the of |
flee Of the Treasurer of the City |
OF Marion, Ohio.
Section &. Said bonds shall be
signed by the Mayor and Auditor
of the City of Maroon. Ohio, Off.
elally, in their own handwriting, |
and have Affixed thereto the corpo- !
rate seal of a'd c ity. Each cou- |
pom shall have printed thereon |
fac-simile Of the signature of the
city anditor of the city of Marion,
Ohio. And the faith, credit and
of the City of Marion,
Ohio are hereby irrevocably pledg-
ed for the payment of said bonds |
and the interest thereon at matur-
ity.
Section 8. Said bonds shall ex-
PRESS upon their face the purpose
for which they were issued and
that they We're issued in pursuance
Of this ordinance, and shall be pre-
pared, ISSUED and delivered under
The direction of the Finance Com
mittee of the City Council and the
Caty Auditor, and after having the
same duly recorded in the offices