The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-03-30

for taxation. shall be isSued and sold II
the amount Of forty-fye hundred. dol
lars lst.5oo.eoI x1t Is therefYre, Z, d. d.
slared necessnry by the {ouh.ln Iss, o. sa1d an1d
bonds In said amounts Tor the pur-
pose herein mentioned.
Section q. Said bonds shall be is.
sued under AUTHORITY OF an act oi tnS
AN act to amend sections 2S35. 1885
and 2S37. and to repeal section 2S3I-A
Of tho Revived statutes, autnle0Illlng
.the Issuing of bonds ,by Clues: viiiagess;; agrs;
90, 1902. COS Ohio Laws Page 31S TO
322,) and all amendments thereto. In
Guiding. the amendment passed Dy tne n
SnGrf' % and g5 SfsD'y fsoq Sog OHIO Laws, page
2gf. 100 and 500. respectively and
March 80. 1906 COS Ohio Laws Page
90 and 81. lnclusiyely) April 80, 1908,
Municipal Code SO OHIO Laws. Pages
254 and, 255). March 3, 1903. Goo
ohio Laws Page 53). and the amend =
ment limiting the power to issue bonds
Ohio. May 10. 1910 (10l OHIO Laws,
later than the 1st day Of March. l9ll.
and be due. and pavable as iollows'
1918; one September l. 1918; one
March I. 1914; one September /. 1914
They shall be OF the denomination o.
nine hundred dollars each and sha!
be numbered from one to five both
inclusive.
Section Q. Said bonds shall bear
interest at the rate of four per cen'
per annum payable semi-annua,ly. anu
all the interest accruing on said bonds
shall mature and be payable on thc
first days of March and September OF
each year. and for which the, propci
Interest coupons shall De attp2cnSed pc,S nginl snu
cipal and interest shall be payable az
the office of the treasurer OF the CltN
of Marion. Ohio,
Section T., said bonds snail be slgn-
ed by the Mayor and Auditor OF the
city of Marion. Ohio. OFFICIALLY IN
their own hand writing. and nave az
fixed thereto the corporate seal oil
said eIty Each sa o the haSe sE
nature of the city auditor of the CITY
OF Marion. Ohio; and the faith, credit
and property of the city OF MARION.
TOR the payment of said bonds and the
interest thereon at maturity.
Section 8. Said bonds shall eXpress
upon their face the PURPOSE Tor Whlch
they are issued and that they are u
and shall be prepared. issued and de-
livered under the direction OF the ~;
nance committee of the city council
aud the City Auditor and q, after r haN1lIns S1Ioe
of the City Auditor. and the trustees
Of the/ sinking fund. shall negotiate
and sell the same for and on behalf
OF the city of Marion. Ohio. In the
manner provided by law. :,
Section 6. Said bonds shall De lirsi
offered at par and accrued interest ~
the trustees of the sinking fund ii
their official capacity. and II the SILK
ing fund trustees refuse to take the
same at mar and interest. then said
bonds shall be sold i'm the manner pro
vided by law. but not Tor less thail
their par value and accrued interest
Section z. The proceeds OF the sac
of said bonds shall be paid INTO IN,
city treasury by said committee OF
finance and set aside in q fund desiH;
mated as the street crossing fund. NJ
premiums and accrued interest re-
ceived from the sale of said bondS
shall he transferred on warrant OF N,
CITY Auditor to the trustees OF tn'
Sinking fund of the City of Marion
Ohio. to be by them applied III th'
manner prescribed by law.
Section s. This ordinance snall D,
I'm force from and after its pnssag'
and earliest period allowed by law.
Passed March 81 1911. an.
Earl 4. Smart. President OF the CIV
Council. " n.
Approved by the Mayor. John G
Setter, March 2S. 1911.
Attest: Miles Longshore. CITY tlcrk
-t Star 3-2S. A.. Mirror 3-3O ~