The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-05-29

X ORDINANCE, NO, 62. To issue and
sell bonds IN Tie sum or twentvstwo
thousand five hundred dollars which
Is not In excess OF one per cent. OF the
total valuation OF the property OF the
city of Marion. Ohio. as listed and as
sessed for taxation. said bonds TO pay
the cost and expense OF erecting IN
rion. Ohio. an engine house for the
fire department. OF said City. and fur
n1shiug and eauipping same
Bel ordained BY the Council or the
City OF Marion. state of Ohio. two-
thirdg of the members elected thereto
Section i. That 10 raise money to
pay the cost and expense OF erecting
in the central section OF the CITY OF
Marion. Ohio. an engine house Tor the
FIRE department of said CITY, ana tur-
nishing and eduiDDinR same. bonds
OF the CITY OF Marion. Ono not In ex-
cess Of one per cent. of the total Valu-
alton OF the property OF the CITY OF
Marion. Ohio. as listed and assesseedi
In the amount of twenty-five thousand
hive hundred dollars (S22.5OO.OOl. IL
is hereby declared necessary by the
70 issue said bonds in amounts FOR
the purpose herein mentioned.
Section 2 Said bonds shall be Is
sued under authority OF an act OF ,,e the
General Assembly of Ohio, entitled
IAN act to amend sections 2S35. 2S30
and 2S37. and TO repeal section 2SSl-A
of the Revised Statutes, AUTHORIZING
the Issue of bonds by Cities. Village;
Haniets and Townships" passed April
20, 1902. COS Ohio Laws. Pages 3lS TO
1920 and all amendments thereto, IN
cluding, the amendment passed px thDe tJDe
23 and 25. 1904. (97 Ohio Laws, Pages
291 100 and $50. respectively and
March, 1905. COS Ohio Laws; RACES 20
and 81 inclusively) April 80, 1908. t9
amend and supplement- section 97
Municipal Code (99 Ohio Laws, Pages
254 and 255,l March ., l9Oy. llO0
Ohio Laws. 53). and the amendment
iimitinS the power to issue bonds S.
sd by the General Assembly of Ohio.
Nav 10 1910 QO1 Ohio Laws. Page
48O). They shall bear date not later
be due and payable as follows;
Two bonds on March, 1, 1919,
> Two bonds on September lgl3.
Two bonds on March l, 1914.
= TwD bonds on September /. 1914.
Two bonds on March l. 1915.
Two bonds on September /. 1918.
Two bonds on March l. 1916.
Two bonds on September ]. 1916.
Two bonds on March /. 1917.
Two bonds on September !; 1917.
Two BONDS on March, /. 1913.
Two bonds on September /. 1918.
! Two bonds on March 1, 1919.
i Two bonds on September l, 1919.
Two bonds on March /, 1920.
Two bonds on September /, 1920.
Two bonds on March 1, 1921.
Two bonds on September i, 1871.
TWO bonds on March /, 1922.
: Two bonds on September /, 1879.
Two bonds on March 1, 1928.
4 Two bonds on September l. 1928.
One bond on March /. 1924.
They shall be of the denomination
OF five hundred dollars each and shall
be numbered from one to forty-five in
Section 3. said bonds e'-oiI bear in
terests at the rate OF for- Der cent.
per annum. PAYABLE semi-annually;
bonds, shall mature and be PAYABLE
on the first days of March and Sep
tember of each year. and for, when
attached and made a part of said
bonds. Both principal and interest
shalt be payable "a the OFFICE of the
treasIfTer ssctTer o. Said % bonds shal be- % siso
ed by the Mayor and Auditor Of the
CITY of Marion Ohio. officially in
their own hand, writing. and have afs
fixed thereto the corporation seal OF
said CITY Each coupon shall nave
prlnted thereon a facsi--"o of the sig
nature OF the CITY Auditor OF the city
SI Sad narlSn properiy % Of tie the Gity f of Marion
Ohio, are hereby irrevocably pledged
for the payment Of said bonds and thel
Interest thereSSn, a. onds maturity Ely ev nress
upon their face the purpose for which
they are issued and that they are is
and shall be prepared Issued and de-
iivered under the direction of the
finance committee OF the City Council
ana the CITY. Auditor and after having
the same duly recorded In the office Of
the CitV Auditor and the Trustees OF
the Sinking Fund shall negotiate AMI
sell the same for and on behalf of the
CITY OF Marion. Ohio. in TIA manner
"'Sfi 'SSenfion q. Said bonds shall be firsf
ofl'erod at par and. accrued interest 90
their 0fficial capacity. and II the Sink
Ing BNnd Trustees refuse 10 take the