The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1907-02-01

sSS2SS due September 2nd, 1903; interest
Bonds Nos. 1910 ana 1911 for the i'm
provement of Linden avenue from Cas-
silly street to McGregor street each in y
the sum Of s2,ooOoc, making total of
100000, due October list 1904 and 19O5
respectively interest five per cent.
Bond No. 1917 for the Improvement OF
Summit street from Cassidy street to
Shorb street In the amount of $600.0O,
due October lst, 1906 interest five per
cent.
ment of West Ninth street by paving
from Market street to High street, eaCn
in the sum Of $l5eoOo, making a total Of
respectively; interest five per cent.
Bonds Nos. and for the improve
ment OF West South street by paving
in the sum Of $lS6o0O MAKING a total Of
$4,000, due January lst 1896 and 1907
Bond No. 4 for the Improvement of
West North street from shorb street to
Fulton street in the sum OF $4,000 due
January lst, 1907; interest fve per cent.
Bond No 4 for the Improvement of
South Cherry street by paving from
Tenth street TO the, Pittsburg, FIT.
of $4,000, due January lst 1907; interest
" Bond nd No. for the Improvement of
street to Tuscarawas street, also from
Fourth street to North street in the
sum Of sl,Oooo0, due July lst 1906; inter
Bond No. 2034 for the Improvement Of
Maple avenue from the Wheeling &
ne in EfS the snm o @G6h dGs %usHst
Bonds Nos isA and 9 !Sa5 s, 5eE the he i'm i'm
construction of a sewer from Mahoning
street to the east corporation line in the
sum of $4,000 each, making a total of
respectively; interest five per cent.
Bond No 2236 for the Improvement Of
West North street from Gassily .seS street sG
| due September 18th, 1906; interest five per
Bond No. 2241 for the Improvement of
North Court street by paving from
Fourth street to North street in the
sum of $4,000, due September 18th, 1905;
That the total amount of said indebt-
| edness is Fifty-nine Thousand Three
Hundred and Thirty-two and 45-loo Dol
lars (s59 S32. A.; that it is hereby deter.
mined that it is for the best interest Of
the City of Canton that said indebted
ness shall be refunded. s
and declared by Council that the indebt-
edness referred to in Section one of this
two and 45-10O Dollars 1859 932.40 is an
| existing valid and binding obligation of
| said City of Canton, Ohio.
Sec. 3. To provide means to extend the
time of payment of said Indebtedness,
which from its limits of taxation, the
turitY, and as heretofore determined, 1t
appears to the Council of the City of
Canton to he for the best interest of SAID
city that the same shall be refunded,
there shall be issued the bonds of the
City of Canton to an aggregate amount
of Fifty-nine Thousand Three Hundred
and Thirty-two and 45-lO0 Dollars ($59,-
49,, 45), which said bonds shall be in the
denomination of One Thousand Dollars
Isl, ,00) each for ffty-eight (5S) bonds,
and the sum of Thirteen Hundred and
Thirty-two and 45-lOO Dollars (S1332.45)
for the other bond, and numbered con-
secutirely from one to tifty-nine, all
made payable at the banking house of
Kountze Brothers of New York City,
or at the office of the City Treasurer in
bearing interest at the rate of four per
cent per annum, payable seml-annualiy,
shall be dated March iith, 1907, and shall
run for a period of ten years from date.
Sec. 4. Said bonds shall express upon
were issued; that they were issued in
pursuance of this resolution and in pur-
suance of Section 2701 of the Revised
! pared issued and delivered under the
direction of the Finance Committee of
, the city Council and the City, Auditor;
said city and by the City Auditor, and
sealed with the corporate seal of said
I said bonds shall be executed by the City
Auditor with his signature thereto, or
f shall have his signature printed or lith-
Sec s. Said bonds shall be first Of
, fered at par and accrued interest to the
Trustees of the Sinking Fund in their
official capacity. and if the Sinking Fund
= Trustees refuse to take any or all Of
! said bonds, then said bonds not so taken
/ shall be advertised for public sale and
sCld in the manner provided by law, but
not for less than their par value and
accrued interest. The proceeds of the
} sale of said bonds except the accrued
( interest thereon, shall be used for the
: Indebtedness aforesaid in the particular
form in which the same is herein above
described, and for no other purpose. The
: premiums and interest accrued, received
. from such sale, snail be transferred to
the Trustees of the Sinking Fund to be
f applied by them in manner provided by
; law.
Sec. c. This resolution shall take
+ effect and be in force from and after
the earliest period allowed by law
f Passed Jan. IS, 1907
! GEORGE II. LEGGETT,
President of the Council.
r c. c. LLOYD, Clerk of the Council
Approced Jan 80, 1907