The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-06-24

Ohio. bonds OF the city of Marion.
Ohio not In excess of one per cent
Of II the 'O's city f of Marion. Ohio.
as listed and assessed for taxa
ton. shall ne issued and sold In the
amount. of Fifteen Thousand Dollars,
necessary bv the Council of the City
of Marion. Ohio. to issue said bonds
in amounts for the purpose herein
mentioned.
sued under authority OF an act of the
General Assembly of Ohio. entitled
AN act to amend sections 2835, 1885
and 2S3l. and to repeal section 2S3 "a
the issue of bonds by cities. Villages.
Hamlets and Townships" passed April
20. 1902, (95 Ohio Laws page BIS to
322D and all amendments thereto in
cluding the amendment passed by the
General Assembly of Ohio. April %.
80 and 25. 1904, C97 Ohio Laws. page
291, 1870 and $40, respectively and
March 1906 COS, Ohio Laws. page SO
and 81 inclusivelv) April 80. 1908. TO
amend and supplement- section 81
Municipal Code go Ohio Laws pages
2b4 and 255l March 3. 1909. 600
OHIO Laws, 53l. and the amendment
limiting thel power to issue bonds
passed by tile General Assembly of
Ohio. MAY 10, 1910. uO1 Ohio Laws.
later than the LIST day of March, 1911.
and be due and Davable as follows:
Two bonds on March T. 1913.
Two bonds on September |. 1918.
Two bonds on March T. 1914
Two bonds on September 1. 1914.
Two bonds on March 1. 1915.
Two bonds on SeptembeT 1915.
Two bonds on March /. 1915.
Two bonds on SeDtember /, 1916.
Two bonds on March 1. 1917.
Two bonds on Sentember ]. 1917.
Two bonds on March /. 1918.
Two bonds on September l. 1918.
Two bonds on March l. 1919.
Two bonds on SeUtember l. 1919.
Two bonds on March ]. 1920.
They shall be of the nedominatior
| of Five Hundred Dollars each and
shall he numbered from one to 80 in
| elusive.
Section 3. Said bonds snail bear in
| terest at the rate of four per cent. per
annum. payable annually. and
all the interest acCruing on said bonds
| shall mature and be pavable on tn,
| first DAYS of March and September OF
| each wear, ana for which the proper
| interest coupons shall be attached and
| make "A part of said bonds. Both pf1n'
| cipal and interest shall be payable
| at the office of the treasurer of tho
CITY Of Marion. Ohio.
Section 4. said bonds shall be sign.
ed by the Mayor and Auditor of the
| city of Marion Ohio. officially II
their own hand writing. and have af
,tNol thereto. the corporation seal al
said city, Each coupon shall hay'
|
signature of the CITY Auditor of tn,
| CITY of Marion. Ohio; and the faith
credit and property of the CITY o
Marian. Ohio. are hereby irreyocablN
pledged for the payment of said bond,
and the interest thereon at maturity
| Section >. said bonds shall express
uDOn their face the purpose for which
they are issued and that they are is
sued I'm pursuance to this ordinance
and shall he prepared. issued and de
livered under the direction of the
finance committee of the city Couucl
and the city Auditor and after hayinl
the same duly recorded i'm the offic,
of the city Auditor anl the trustee.
of the sinking fund. shall negotiat,
and sell the same for aud on behdl
of the CITY of Marion. Ohio. In tn,
manner provided bv law.
Section &. said bonds shall be frs
offered At par and accrued interest t'
the. trustees of tho sinking fund II
their official capacity, and II the sink
ing FUND trustees refuse TO take thu
same at mar and accrued interest. the'
safl bonds shall be sold IN mannc
their paT value and accrued interest
f. section z, The proceeds Of the salt
off, said bonds shall be0paid into tn,
CITY treasury bv said committee o
finance and set aside in a fund desig
, mated as the Motor Fire ApDaratu
| Fund All premiums and accrued In
bonds shall be transferred on warran
of the litV Auditor 10 the trustees .
! the sinking fund of the CHv OF Marion
Ohio TO be by them applied In tn
manner prescribed by law.
Section =. This orHinance slEill b.
i'm force frob' and after It's 'passaR
and earliest hsriod allowed bY law.
Passed June II. 1911.
: Earl +. Smart. President of the cit
Council.
ApprQxe1l-. nv, the Mayor yIohu q
Setter Juno ~. 't2f1. 'sS-' ''-i-'
Attest: Miles Longshore. city CLERK
This resolution snreseuted to Tia,
: | Mavor, June Is. Isl1.H
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