The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-05-18

Y is, 1907.
directed to have said bonds and coup
Dns properly prepared and executed
IN accordance with the provisions OF
his ordinance, ana after having the
same duly recorded in the office of
The Auditor and in the office of the
Trustees of the Sinking fund to ne
gotiate and sell the same for and
on behalf of the City of Marion Ohio,
In the manner prescribed by Law
Sec. 6. The proceeds of said bonds
shall be transferred on warrant of
the City Auditor. to the Trustees of
the Sinking Fund of said City to be
by them applied in the manner pre-
scribed by law.
Sec. Z. This ordinance shall take
effect and be In force form this and
after the earliest period allowed by
law.
Passed May 13, 1907.
j. f. PHILLIPS,
President Pro TEN of City Council
Approved by the mayor, Louis
Scherff.
Attest: j. V. Wilson, CITY
Clerk. Pro TEN.
Star 5-17-24-O7. Mirror 5-1S-25-Ji
RESOLUTION NO. 2S. Declaring
It necessary to improve Elm street
from Church Street to Mt. Vernon
Avenue by grading, setting curbs and
crossings. constructing the necessary
drains and retaining walls, cutters
and catch basins, determining the
general nature Of the proposed i'm
provement, the grade thereof and
approving plans, specifications ana
profiles therefor.
Be 1t resolved by the Council of the
City OF Marion. State of Ohio, three
fourths Of all the members elected
thereto concurring:
A. That II Is hereby declared nee
essary to improve Elm Street from
Church Street to Mt. Vernon Ave-
nue. by grading, setting curbs and
crossings, constructing the necessary
drains, retaining walls, catch-basins
and cutters, and paving the road
way with asphalt sheet or block, hard
burned brick or block, macadam, or
other substantial material in accord
ance with the plans, specifications,
estimates and profles of the pro-
posed improvement prepared by the
City Engineer and now on file in the
office of the Board of Public Service,
which are hereby approved.
b. That the grade of said street
as improved shall be as shown on
said plans and profles.
G. That the whole cost of said
improvement, less one-fftieth there
lof and the cost ci intersection,
shall be assessed by the foot front
age upon the following described
lots and laD1s, to-wit: All lots and
lands abounding and abutting upon
the proposed Improvement, which
said lots and lands are hereby deter
mined to be especially benefited by
said Improvement; aYd the cost OF
said Improvement shall include the
expense of preliminary and other
surveys and of the printing and pub
fishing of notices, cost of construct
ing, together with interest on bonds
issued in anticipation of the collec-
tion of the deferred installments of
assessments and other necessary ex-
penses.
d. That the assessment so to be
levied shall be paid in ten annual
installments, with interest on de-
ferred payments not to exceed six (G)
per cent. per annum, providing that
the owner OF any property assessed
may at his option, pay such assess
ment In cash or any number of in
stallments of the same at any time
after such assessment has beer
levied with interest to the next
semi-annual interest day of said bonds
next following the date of payment.
e. That bonds of the City of Ma
rion, Ohio, shall be issued in antlc-
ipation of the collection of the assess
ments by installments and In an
amount equal thereto.
F. That the remainder of the
entire cost shall be paid by the Is
suance of bonds a|provided by law
Passed May 13, 1907.
j. f.. PHILLIPS,
President Pro TEN of City Council
Approved by the mayor, Louis
Scherff.
Attest; J. V. Wilson, Cty
Clerk, Pro TEN.
Star 5-l7-24-O7. Mirror 5-1S-25.O7