The Marion daily mirror. (Marion, Ohio) 1892-1912, 1908-07-09

lWHeiedS ctTlulH lnutDeteUneSs or
the City Of Marion, Ohio, consisting OF
notes heretofore incurred by said city,
to-wit: That incurred In paying the
costs and expense of improving GER
tain streets and alleys as follows:
Mary street paying .....,.. $4A0O.0O
South High street paving .... 2O0O.O0
South Prospect street paving, s,5O0.OO
MIL street and alleys, paving, 10000
North Main street paving. 100000
Bellevue avenue sewer ...... 1924
Reed and Uhler avenues, sew
er .,................. oO7.66
Chase and Pleasant streets,
sewer ................. 1,O35.33
High street sewer ........ 1929
Mound street sewer ...... Ss5.IS
Herr street sewer ........... 1860. 90
Balm avenue sewer ....... 10000
lDavids street sewer ......... 300 90
,Sidewalks .................. 3,400. 90
to the amount of Twenty-nine thous-
and nine hundred and eighty dollars
1929, $4,000, all OF said indebtedness.
which Is hereby determined and de-
clared to be an existing, valid and
binding obligation OF the City of Ma
rion, Ohio.
And whereas said Indebtedness bears
Interest at the rate of six per cent.
iper annum, II appears 10 the Council
lcf the City OF Marion, Ohio, to be for
the best interests OF said city to re-
fund said Indebtedness and thereby re
dnce the rate of interest thereon.
| Therefore be Il ordained by the
Council OF the City OF Marion, State
of Ohio.
Section /. That fer the purpose o!
refunding said Indebtedness there shall
be issued bonds of the City of Marion,
lOhio, In the sum Of Twenty-nne
Thousand nine hundred and eighty dol
lars ($29,9S0. 0O) which said bonds
Ishall be issued of the denomination
Iof Five hundred dollars each. excep,
the last bond which shall be OF the
denomination OF -Four hundred and
leighty dollars. and be numbered con.
Isecaitively from one to sixty inclusive
to be paid at the Treasurer's office
Ipf the City OF Marion. Ohio, bearinp
Interest at the rate OF four per cent
lper annum, payable semi annually II
the same place, said bonds shall be
Idated not later than the first DAY d
August, 1908, and shall be due anC
payable as follows:
Three bonds March /, 1909.
| -Four bonds September /. 1909.
| Three bonds March /. 1910.
Four bonds September l, 1910.
/ Three honds March ], 1911.
i -Four bonds September !, 1911.
| Three bonds March /, 1912.
| -Four bonds September l. 1912.
| Five bonds March !, 1918.
Five bonds September 1, 1913.
TWO bonds March /, 1914.
Two bonds March l, 1914
Two bonds March l, 1916.
Two bonds September I, 1915.
/ Two bonds Mrch /, 1916.
Two bonds March /, 1916.
| Two bonds March /, 1917.
Two bonds September /, 1917.
| Two bonds March /, 1918.
-Four bonds September /. 1918.
Section 2. Said bonds shall expires
upon their face the purpose for whlcl
Ithey are issued and that they they ar
ISSUED In pursuance OF this ordinance
, IThey shall be prepared. issued and de
Ilvered under the direction of tn
Finance Committee of the City Coun
Icil and the City Auditor, and shall b.
Isigned by the Mayor Of said City an,
Iby the City Auditor In their officla
lcapacity, and shall have affixed there
to the corporate seal of the City o
Marion. Ohio.
E'ch coupon shall bear the sigma
ture or the fac-simile ut the same o.
The City Auditor OF the City of Ma
Irion. Ohio, and the faith, credit ant
property of the City Of Marion, Ohio
|are hereby irreyocably pledged for The
payment Of said bonds and the inter
lest thereon at maturity.
I Section 3. The Finance Committee
lof the Council after having the same
Iduly recorded IN the office OF the City
Auditor and the Trustees OF the Sink
ling Fund shall negotiate and sell The
leame for and an behalf OF the City
|of Mirlon. Ohio. In the manner pro-
Iyided by law. .i.
! Section 4. Said bonds Ehall be first