The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-10-26

avenue to the terminus of Park boule-
ward paving in accordance with the
provisions OF an ordinance heretofore |
passed, bonds of the city of Marion, |
Ohio, shall be issued and sold I'm the |
amount OF nineteen hundred and sew
enteen dollars ($l,917.00).
Section 2. Said bonds shall be is |
sued under the authority of an act OF
the General Assembly of Ohio, en- |
titled IAN act to provide for the or
ganization of cities and Incorporated |
villages" etc, passed october %.
| 1902, and all amendments thereto,
and especially under authority of Sec
ton SO of said act and amendments
thereto.
| Said bonds shall bear date not later
than the first day of September. 1911,
and be due and payable as follows:
one bond due March I, 1914, one
bond due September 1, 1914, one bond
due March 1, 1915. and one bond due
September l, 1915.
They shall be of the denomination
of five hundred dollars each. except
the last one. which shall be four hum
dred and seventeen dollars, and shall
be numbered from one to four, both
inclusive.
Section 3. Said bonds shall bear
interest at the rate of 1-2 per cent.
per annum, payable semi-annually,
and all interest accruing on said
bonds shall mature and be due and
payable in March and September OF
each year. and for which the proper
interest coupons shall be attached
and made n part of said bonds. Both
principal and Interest shall be pay
able at the office of the treasurer Of
the city of Marion. Ohio
Section 4. Said bonds shall express
upon their face the purpose for which
they are issued and that they are is
sued in pursuance of this ordinance
: And each bond shall be signed by
the mayor and auditor of the city OF
Marion. Ohio, officially in their own
handwriting. and AFFIXED thereto the
corporate seal of the city of Marion,
Ohio Each coupon shall have print
ed thereon n fac-simile of the sigma
ture of the auditor of said city of
. Marion. Ohio.
And the faith, credit and property
. of the city of Marion. Ohio. are here
J. by irrevocably pledged for the pay
!. ment of said bonds and interest
thereon at maturity.
= Section 3. The committee of finance
of the council is hereby authorize
@ and directed to have said bonds and
coupons properly prepared and eX-
n ecuted in accordance with the pro-
t visions of this ordinance, and after
= having the same duly recorded in the
+: office of the auditor and in the office
q OF the trustees of the sinking fund
d to negotiate and sell the same for anC
e on behalf of the city of Marion. Ohio
n in the manner prescribed by law.
Section G. The proceeds of the sale
10 of said bonds shall be paid into the
a city treasury by said committee ac
Is cording to law. All premiums ant
" accrued interest from the sale o
said bonds shall be transferred on {
warrant of the city auditor to thu
trustees of the sinking fund of salt
city to be by them applied I'm th'
!. manner prescribed by law.
Section Z. This ordinance shall
k. take effect and be. in force from AM
@. after the earliest period allowed b,
law.
?. Passed Sept. II, 1911.
= EARL r. SMART,
40 President OF the City Council.
ar This ordinance presented to mayor
$ Sept. IS, 1911.
"a Approved by the mayor, John G
Setter, Sept. IS, 1911.
c- Attest: Miles Ldngshore, City Clerk
N Published in Mirror oct. 90, Nov.