The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-06-05

ORDINANCE NO. SO. TO issue and
sell bonds in the sum Of twenty two
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 Day
the cost and expense of erecting In
the central section of the CITY of Ma
rion. Ohio. an engine house for the
fire department of said City, and fur
nishing and eoniPping same:
City of Marion. state of Ohio, two
thirds of the members elected thereto
Section /. 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. and ftfr-
nishing and euuiDDing same. bonds
/ of the city of Marion. Ohio not in ex-
cess of one per cent of the total Valu-
alton of the property iof the CITY Of
| Marion. Ohio. fPr listed and assessed
| for taxation. shall be issued and sold
| in the amount of twenty-five thousand
five, hundred dollars ts22.Soo.O2l ,lt
council of the CITY of Marion. Ohio,
to issue said bonds in amounts for
the purpose herein mentioned.
Section 2. Said bonds shall be Is
sued under authority of an act OF the
| General Assembly of ohio. entitled
AN act to amend sections 2S39. 1885
of the Revised Statutes, authorizing
the issue of bonds by Cities. Village,
Hamlets and Townships" passed April
I2g. 1902. (g5 Ohio Laws. Pages BIS to
I3220 and all amendments thereto. in
| Icluding the amendment passed by the
| General Assembly of Ohio. ADrll ~.
20 and 20. 1904, (97 Ohio Laws. Pages
March. 1906. COS Ohio Laws. Pages 63
and 81 inclusively) April 30, lyOS, 20
amend and supplement section W
Municipal Code (99 ohio Laws; Pages
LEA aud 2bbD March 8, 1903, (1OU
Ohio Laws. $50. and the amendment
Uniting the power to issue bonds s-
ed by the General Assembly OF ONO,
Nav 10 1910 (lO1 ohio Laws. Page
1900. They shall bear date not later
than the st daY OF Marcn. lyll, ana
be due and payable as iolOWS:a
| Two bonds on March |, 1919,
Two bonds on September 1918.
| Two bonds on March 4. 1914.
| Two bonds on September /, 1914.
| Two bonds on March 1. 1915.
| Two bonds on September !. 1915.
| Two bonds on March i. 1916.
| Two bonds on September !. 1916.
| Two bonds ON March /. 1917.
| Two bonds on SeDtember |. 1917.
| Two bonds on March /. 1918.
| TWO bonds on September !. 1918. B.
| Two bonds on March /, 1913. llH
Two bonds on September /, 1913.
Two bonds on March /, 1920.
Two bonds Oh September /, 1920.
Two bonds on March 1, 1921.
Two bonds ON September 1, 1921
| Two bonds on March /, 1922.
Two bonds on september | 1929.
Two bonds on March I, 1928.
Two bonds on SeDtember / 1923
1 one bond on March /. 1894
| They shall be of the denomination
Df five hundred dollars each and shall
be numbered from one to forty-fiye in
| elusive.
Section 3. Said bonds ~'.-ii bear in
terest at the rate of fc"~ Der cent
GER annum. PAYABLE seml-annually
L "a no Ina gfI "A
bonds shall mature and be PAYABLE
IN the first daYs of March and Sep
| ember of each year. and for which
the proper interest coupons shall be
attached and made a part Of said
bonds. Both principal and Interest
shall be PAYABLE at the office of the
Treasurer of the Citv of Marion. Ohio
Section 4, Said bonds shall be sign
I'd by the Mayor and Auditor of the
| city of Marion. Ohio. officially. In
| their own hand writing. and have af-
/ liked thereto. the corporation seal of
aid City. Each coupon shall have
printed thereon "A facsi--''' Of the sig
nature of the CITY Auditor OF the City
aud property OF the CITY OF Marion
Ohio. are hereby irrevocably pledged
for the payment of said bonds and the
interest thereon at maturity
Section 8. said bonds shall express
upon their face the purpose for which
/ they are issued and that they are Is
sued in pursuance TO this ordinance,
II
| liVered under the direction OF the
finance committee OF the City Council
and the City Auditor and after having
The same duly recorded I'm the office cf
the CITY Auditor and the Trustees of
the Sinking Fund. shall negotiate ana
| cell the same for and on behalf of the
CITY of Marion. Ohio. I'm - manner
provided by law.
Section 6. Said bonds shall he first
offered at par and accrued interest 30
| the Trustees of the Sinking Fun la
/ their official capacity. ana If the Sink
ing Fund Trustees refuse to take the
| anne at par and accrued interest. thea
said bonds shall be sold I'm a manner
provided by law. but not for less than
their par value and accrued interest.
| Section Z. The proceeds of the sale
| II said bonds shall be paid into the
| city Treasury bV said committee of
inance and set aside I'm a fund desig-
mated as the engine house fire DEPART
ment fund. All premiums and accrued
interest received from the sale of slid
bonds shall be transferred on war
rant of the CITY Auditor TO the t.us-
tees of the Sinking Fund of the CITY
Iof Marion, Ohio TO be bv them ap-
oiled in the manner prescribed by
law.
Section 8. This ordinance shall be
In for ce from and after its passage
and earliest period allowed by law.
| Passed Nav 90. 1911.
Earl, T. Smart, President OF City
Council.
Approved bv the Mayor. John G.
| setter MAY "a. 1911.
Attest: Miles Longshore. City Clerk,