The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1911-12-21
An Ordinance

| To Issue Bonds For The Purpose of Procuring
Real Estate TO be Donated TO the state OF
Ohio by Deed In Fee Simple as Site For
the Erection OF an Armory.
Whereas, at u 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 Five
Thousand Dollars (s5000.0O) for the purpose Of
procuring real estate to be donated to the
state OF Ohio. by deed In fee simple as site
for the erection OF an armory, was submitted
TO the vote OF the qualified electors OF the
. said village. and.
Whereas, two thirds Of the voters voting at
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 village be
soOO0 OOl for the purpose OF procuring real
estate TO be donated to the State of Ohio by
OF AN armory; each of said,bonds to he i'm The
denomination OF Five Hundred Dollars
/ (s5OO.O0 numbered c0nsecutiveiy from one to
ten and bearing interest at four and one-half
per cent. az per cent?. payable semi annual
| ly, on the first day of March and on the first
day OF September evidenced by coupons at
tached thereto; said bonds shall be payable
at the Office OF the Clerk Of the Village OF
| lilsboro. state OF Ohio, and shall be dated
March 1. 1912. and shall come due as follows;
Number One. March T. 1918; Number Two.
September I. 1913; Number Thre March /,
| 1914 Number -Four, September I, 1914; Num-
Der Five, March 1, iai5; Number Six, septem-
Is
| Number Eight. September 1. 1915; Number
Nine, March !, 1p17; Number Ten Septem-
Der I. 1917.
Sec II. 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
aud 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 iirst offered
| at par and accrued interest TO the Trustees
OF the Sinking Fund In their official capacity,
and II the sinking Fund Trustees refuse TO
take any or all OF the said bonds at par and
suterest then such bonds as are not taken
ihall be advertised for public sale. Snd sold
less than their par value and accrued interest.
Sec w The proceeds from the sale OF said
bonds except the premiums and accrued
Treasury to the credit OF the Armory Fund.
and shall be used for the purpose OF procur-
| ing re al estate To be donated To the State OF
Ohio by deed In fee simple AS "A site for the
| erection OF an armory. and for no other pur-
pose, and the premiums and accrued Interest
| received from such sale shall be transferred
| 10 the Trustees OF the Sinking Fund to be
| applied by them I'm 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 II,
| 1911.
HENRY NEsBIT. Mayor.
f. G. WIsECUP, Clerk.