The Democrat-sentinel. [volume] (Logan, Ohio) 1906-1935, 1909-08-19
AN ORDINANCE

To issue bonds for the purpose of i'm
proving Market street from the
north curb line of Hunter st. to the
south line of Oak Grove Cemetery,
by grading, curbing and paving the
same with brick.
Be It ordained by the Council of the VII
lage of Logan, state OF Ohio;-
Sec. !, That itU deemed necessary by
OF Ohio. to issue and sell the bonds OF said
Village In the sum of ST. 900 90 for the purpose
of anticipating the collection OF assessments
by installments to be paid by the abutting
property owners OF Market street between
the north curb line of Hunter Street and the
south line OF Oak Grove Cemetery, in Logan,
Ohio, for the improvement OF said street, by
grading, curbing and paving the same with
brick.
he issued In the sum OF S50OO. 90 for the afore-
said purpose; each OF said bonds TO be In the
denomination of $4,000 and numbered con-
secutiyely from one to ten, and all made
payable on the 18th day OF March, one each
year beginning with March 10TH, 1911, and
bearing interest at the rate OF four per
centum per annum, payable annually, evil
denced by coupons attached thereto; said
bonds shall be dated September 10Th, 1909
and shall run for period Of one year and
six months, two years and six months, three
years and six months, four years and six
months, five years and six months, six years
and six months, seven years and six months,
eight years and six months, nine years and
six months and ten years and SIX months
from date and said bonds shall be payable
at the office OF the Village Treasurer in the
Village OF Logan, ONO
Sec. III. Said bonds shall express upon
their face the purpose for which they are
issued and that they are issued IN pursuance
OF this ordinance. They shall be eprepared
issued and delivered under the direction of
the Finance Committee OF Council and the
Village Clerk, and shall be signed by the
Mayor OF said Village and the CLERK, and
| sealed with the corporate seal OF said VII
lage; and the interest coupons, attached tn
said bonds, shall be executed by the VII
lage Clerk with his signature thereto, or he
shal have his signature printed or lltho-
graphed thereon.
Sec. ~. said bonds shall be first offered
| at par and accrued Interest, to The Trustees
| OF the sinking Fund In their ofncial capaci-
| rs, and II the Sinking Fund Trustees refuse
| to take any or all OF said bonds at par and
accrued interest, then said bonds not SC
| taken shall be advertised by the Clerk, fol
public sale, ana be sold In the manner pro
| vided by law, but not for less than their pal
| value and accrued interest.
| Sec. V. The proceeds from the sale Of sale
bonds, except the premiums ana aecrnea
lage Treasury to the Credit Of the IN. Mar
ket 81. Improvement Fund and shall b'
| disbursed upon proper vouchers Tor th'
purpose of Improving said street and for NJ
i other purpose; and the premium and ac
crued interest received from the sale of SAID
| bonds shall he transferred to the Trustees o
/ the sinking Fund. to be applied by them IN
the manner provided by law.
Sec. VI. This ordinance shall take etfee
and be in force from aud after the earlies
period allowed by law.
u, THURNESS, Mayor.
| Attest.-F. @. GROVE Clerk,
Passed August lS, 1903,
August 10, 2-Wks,