The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-06-17


ORDINANCE NO. 81. TO issue and
sell bonds In the sum of Fifteen lbou-
sand Dollars. which is not in excess OF
one Der cent. Of the total yaluaton
oi the property of the CITY Of Marion.
ohio. as listed and assessed for taN-
alton said bonds to nay the cost aud
expense of purchasing motor hrc
aDgaratus for the fire deDartment of
the city. of Marion. Ohio
Re II ordained by the Council Of the
City Of Marion. stale of OHIO. two
tmrds OF the members elected thereto
.seotidn J.. rhat to raise moncy to
paN the cost ana cXnenHe of Durcnas-
inc motor nrc apparatus Tor the fire
department of the CITY Of Marion.
ohio. not in excess of one nor cent.
OF the total valuation Of the property
of the city of Marion. Ohio.
as listed and assessed for taxa
amount ut tiftecd Thousand Dollars.
t$l6,000.0O. 1t is hereby declared
NECESSARY bv the CgeHcil of the Citv
OF Marion. Ohio, to issue said bonds
~ amounts Tor the purpose hcren
mentioned.
Section >. Said bonds shall be is
sued under authority of an act of the
AN act to amend sections 2S35, 1886
and 2S3 y. and to rencal section 2S3 7-u
of the Revised Statutes. authorizing
inc ISSUE OF DONuS DN NltleS. llldgc@.
neaamleis and. Townships" passed April
20. 1902. tg5 Ohio LAWS page 31S tn
o22,l and all amendments thereto in
yluding, the amendment passed by the
~ and 20. 1904. tg1 ohio Laws. page
201. 1870 and $50. respectively and
March, 1906 COS Ohio I.aws. page 63
and 81 inclusivelv) April 80 1908. TO
amend and supDlCmCnt section %
Municipal Code ta0 Ohio Laws. pages
254 and 255) March 3. 1909. Goo
Ohio Laws, SD. and the amendment
limiting the power l2 issue bonds
Ohio. May 10. 1910 G01 Ohio Laws
mage 430G They shall bear date moi
later than the lat day of March. 1911
and be due and pavable as follows:
Two bonds on March /. 1913.
Two bonds on September !, 1913.
| Two bonds on March |. 1914.
Two bonds on September l. 1911 .
Two bonds on March /. 1915.
Two bonds on Scntcmber l 1915.
| Two bonds on March, /. 1915.
Two bonds on SoDtomber /. 1916.
| Two bonds on March I. 19i7.
| Two fhonds on Sentpmbcr. ]. 1917.
Two bonds on March T. 1918.
Two bonds OF Septembcr I l9l8.t
/ Two bonds on March T. 1919
| Two bonds on Scptembor ]. 1919.
| Two bonds on March 4. 1920.
| They shall he of the nCdominatio'
| of Five Hundred Dollars each am
shall he numbered from one to 30 in
| elusive.
Section 3. Said bonds shall bear In
terest at the rate of -four per cent De
annum. payable scmi-anuual!N. an,
all the Interest accruing on said bond
| shall mature and be pavable on IN
first days of March and Septcmbcr q
each year. and for which the prone
4 interest coupons shall he attached an
make part OF said bonds. Both prin
clDal and interest shall nc paNabl
at the office of the treasurer of tn
| lfitN nf Marion. llnIn.
Section A. Said bonds shall be sign
ed by the Mayor end Auditor 3L IL
EiiNfti thereto. The CORPORATION seal q
said city, Each eOupQn shall hay
printed thereon q facsimile 'of. II
iE92q p1r%gEF,di6 The oSISS Ad''9BT Ana the o oEafl3l
Marion. Ohio. arc hereby, ifrcyocabl
d IsSk a%SSrhnfl p9h@SnT SrSan 81 ma nat,rIt, n2na
SeGtlonr5. said bonds shall, cNpres
uhdh Their face the PURPOSE FOR whlc
3 lhqYI are issued and, that 'thay., are y
sudd' IN bursudnce To this ordinance
anSdl Ss Bs FGfis@6t6S ttfsSS SSPH * *
5RS sRRSPi sS GflY mA8GTtoSsf Sf "a Ef|st haSh
l9e SHR FefeR5Sqe2 FfdlS s th9 II e4S 4tSrdEhfai$
of the sinking fund. shall negotlat
and sell the same for and on behal
of the CITY of Marlou. ONO. IN IN
mappSIS p--l .-lsl .Ay l!.SS---ss v-------- ,
ID jSgEQn, " ! SSd 4bVnfs sihiilI bclllfs
offered at par and accrued Interest I
I, 1'tetys 0i tho sinking tund D
their official capacity. andrH the sink
Dig irimd btItistees rtfpse 70 ttke tn
same at par and accrued interest the
said bonds shall be sold in a mannc
} kbrdyided 2bv law but not for less tina
th"'r mar value and accrued intereS
Section I. The proceeds of the sni
of SAID bonds shall hbe paid into III
cltv treasury bv said committee q
finance and set aside IN q fund desig
mated as the Motor Fire ADparatu
Fund. All premiums and accrued ~
tercst received from the sale of sal
bonds shall be transferred on Warrai
Of the City Auditor to the trustees {
tho sinking fund of the CITY of Marion
Ohio. to be by them apDlied In TN
manner prescribed hY law.
Section s. This ordinance shall
In force from and after It's pasSag
and earliest period allowed bY law.
passed Jane ~. 1911.
Earl II. Smart. President of the CIT
| CounUlI.
Approved bv the Mayor. John {
Setter. June 10. 19ll.
Attest: Miles Longshore. CITY Clerl
This resolution presented TO IN
. Mav"r. June Is. 1911.