The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1911-12-14
An Ordinance
To Issue Bonds For The Purpose OF Procuring
Real Estate To be Donated to the state o
Ohio by Deed In Fee simple rs IA site Fo
the Erection OF an Armory.

To Issue Bonds For The Purpose OF Procuring
Real Estate 10 be Donated TO the state OF
Ohio by Deed In Fee simple rs n site For
the Erection OF an Armory.
whereas, at IA special election held IN the
village OF HillsbOro, OHIO ON the 2sth day OF
November, 1911. the question OF Issuing the
bonds OF the said village In the sum OF rive
Thousand Dollars (sjOOOO0l Tor the pnrpose OF
procuring real estate to be donated 10 the
state Of Ohio, by deed la fee simple AS a site
for the erection OF AN armory, was submitted
to the vote OF the qualified electors or the
said village. and
Whereas, two thirds Of the voters voting az
said election on the question OF issuing said
bonds. voted In favor thereof
Now, Therefore. be IL ordained by the
Council OF the said village OF Billsboro, Ohio.
Sec. I. That the bonds OF said vii age be
issued In the SUN Of Five Thousand Dollars
$4,000 00) for the purpose OF procuring real
estate TO be donated to the State OF Ohio, by
deed In fee simple as a site for the erection
OF an armory; each OF said bonds to be in the
(s5O0O0) numbered consecutvely from one TO
ten and bearing interest AT four aud one-half
per cent. az per cent payable semi annual
ly, on the first day OF March and on the irst
day OF September, evidenced by coupons at
tached thereto; said bonds shall be payable
~ the office Of the Clerk OF the Village Of
Hillsboro, State OF Ohio, and shall be dated
March I, 1912, and shall come due as follows:
Number One, March 1. 1919; Number Two,
september |. 1913; Number Three, March j,
ber ye sOI Gs S1Sber SIX
Der I, 1915; Number Seven, March !, 1916;
Number Eight, September L. 1915; Number
Nine, March /, 1917; Number Ten, Septem-
ber l, 1917.
Sec. III. Said bonds shall express on their
face the purpose for which they are issued,
and that they are issued In pursuance OF
this ordinance; they shall be prepared issued
and delivered under the direction OF the FL
nance Committee OF Council and the Village
Clerk. and sealed with the corporate seal OF
the said village and the interest coupons
attached to said bonds shall be executed by
the Village Clerk with his signature thereto
Sec III. Said bonds shall be first offered
AT par and accrued interest to the Trustees
OF the Sinking Fund In their official capacity,
and IL the Sinking Fund Trustees refuse TO
take any or all OF the said bonds NJ par and
interest, then such bonds as are not taken
shall be advertised for public sale. and sold
In the manner provided by law, but not for
less than their par value and accrued interest.
Sec. ~. The proceeds from the sale OF said
bonds except the premiums and accrued
Interest thereon SHAH be placed In the Village
Treasury 10 the credit or the Armory Fund,
and shall be used for the purpose OF procur-
ing real estate to be donated to the State OF
erection OF an armory, and for no other pur-
pose, and the premiums and accrued interest
received from such sale shall be transferred
TO the Trustees OF the Sinking Fund 70 be
applied by them In the manner provided by
law.
Sec. V. This ordinance shall take effect
and be In force from and after the earliest
period allowed by law. Passed December IL,
1911.
HENRY NEsBIT. Mayor
L. @. WISECUP, Clerk.