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

To issue bonds for the purpose of i'm
proving Market street from the
north curb line of Hunter street to
the north line of Front street, by
grading, curbing and paving the
same with brick.
BE 1t ordained by the Council of the VII
lage Of Logan. state of Ohio:-
Sec. |. That it is deemed necessary by
the Council of the Village of Logan, State
of Ohio, to issue and sell the boEds OF said
Village in the sum of $4,000 for the pur-
pose ofanticipating of the collection OF assess
ments by installments to he paid by the
abutting property owners of Market street
between the north curb line of Hunter
Logan Ohio, for the Improvement of said
street. by grading, .curbing and paving the
same with brick.
Sec. If. That the bonds of said Village
be issued in the sum of Sj7O000 for he afore-
said purpose; each OF said bonds to be in the
denomination of $4,000 and numbered con-
Secutively from one to ten. and all made
payable on the 18th day of March, one each
year beginning with March 18th. 1911, and
bearing interest Mt the rate Of four per cent
um per annum, payable annually, evil
denced by coupons attached thereto; said
bonds shall be dated September 18th, 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 ut the office of the Village Treasur-
er in the Village of Logan, OHIO.
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. snail be prepared,
issued and delivered under the direction of
the Finance Committee of the Council and
Village Clerk, and shall he signed by he
Mayor of said Village and the Clerk, and
sealed with the corporate seal OF said VII
lage: and the Interest coupons, attached to
said bonds, shall be executed by the Village
CLERK with his signature thereto, or he shall
have his signature printed or Autographed
thereon.
Sec. ". Said bonds shall he first offered
ut par, and accrued interest, TO the Trustees
OF the Sinking Fund in their official cepaci-
to take any or all OF said bonds at par ana
accrued interest, then said bonds not so
taken shall be advertised by the Clerk. for
public sale, ana he sold In the manner pro-
vided by law, but not for less than their par
value and accrued interest.
Sec; V. The proceeds from the sale OF
said bonds, except the premiums and ac
crued interest thereon, shall be placed In
the Village Treasury to the Credit of the
'South Market street Improvement Fund"
and shall be disbursed upon proper vouch-
ers for the purpose of improving said street f,
and accrued interest received from the sale
OF said bonds shall be transferred to the
Trustees OF the Sinking Fund, to be applied
by them in the manner provided by law.
Sec. VI This ordinance shall take effect
and be in force from and after the earliest
period allowed by law.
d. V.THURN ESS, Mayor.
Attest: F.C GROVE, Clerk.
Passed August l3, 1909.
August ~, y