The Marion daily mirror. (Marion, Ohio) 1892-1912, 1912-02-01


BY order of the board of Turn
| pike Directors
Per Henry Setter, President.
ORDINANCE No. 5--rssulng bonds
to pay the corporations part of inn
proving Campbell street, Monroe
street, Carhart street and the first al
ley west of prospect street between
Center and Church streets, in the city .
OF Marion, Ohio.
BE II ordained by the council of the
city of Marion. state of Ohio:
Section 1. That to pay the cost and
expense of the city's part of improv-
ing Campbell street from Center
street to the south line of the C. e. G..
q st. l.. Ry. right-of-way, I'm accord
ance with the provisions of an ordi-
nance heretofore passed; to pay the
cost and expense of the city's part of
improving Monroe street from Silver
street to the north end of Monroe
street, in accordance with the pro-
visions of an ordinance heretofore
passed; to pay the cost and expense
of the city's part of improving Car
hart street from Center street to the
north end of Carhart street in ac-
cordance with the provisions of an
ordinance heretofore passed; to pay
the cost and expense OF the city's
part of improving the first alley went
of Prospect street from Center street
to west Church street, in accordance
with the provisions of an ordinance
heretofore passed, bonds of the city
of Marion, Ohio, shall be issued and
sold In the amount of One Thousand
One Hundred and Seventy-two Dollars
S1,172.0O). 81
Section 2. Said bonds shall be is-
sued under the authority OF an act
or the General Assembly of Ohio, en-
titled IAN act to provide for the or
ganization of the cities and incorpor-
ated villages" etc. passed Oct. 22.
1902, and all amendments thereto,
and especially under authority of sec
ton 53 OF said act and amendments
thereto
Said bonds shall bear date not later
than September 1st, 1911, and be due
and payable as follows:
One bond due March 1, 1914.
One bond due March 1, 1915.
One bond due March /, 1915.
One bond due March 1, 1917.
They shall be of the denomination
of Three Hundred Dollars each. ex-
cept the last one which shall be Two
Hundred and Seventy-two dollars, and
shall be numbered from one to four
both inclusive
Section 3. Said bonds shall bear
interest at the rate of four and one
half per cent. per annum, payable
and all interest accru-
ing on said bonds shall mature and
be due and payable in March and Sep
tember of each year, and for which
the proper interest coupons shall be
attached and made part of said
bonds. Both principal and interest
shall be payable at the office of the
treasurer of the city of Marion. Ohio.
Section 4. Said bonds shall express
upon their face the purpose for which
they are issued and that they are is-
sued In pursuance of this ordinance.
And each bond shall be signed by
the mayor and auditor of the city of
Marion, Ohio, officially in their own
hand writing. and affixed thereto the
corporate seal OF the city of Marion.
Ohio Each coupon shall have print
ed thereon a fac smile of the sigma.
Iure or the auditor of said city of Ma
'lon, Ohio.
And the faith, credit and property
'f the city of Marion. Ohio, are here
by irrevocably pledged for the paw
nent of said bonds and interest there
'n at maturity
Section 8. The committee OF
nance of the council is hereby au-
horized and directed to have sald
'onds and coupons properly prepared
md pNaQIfaH In a., a.
provisions of this ordinance, and aft
II having the same duly recorded in
he office of the auditor and in the
'fice Of the trustees of the sinking
und, to negotiate and sell the same
or and on behalf OF the city Of Ma
ION, Ohio. In the manner prescribed
" law.
Section g. The proceeds of the sale
II said bonds shall be paid in the
ity treasury by said committee ac-
ording to law. All premiums and
ccrued interest from the sale.of said
onds shall be transferred ON war
ant OF the city auditor to the trus-
ees OF the sinking fund of said city
. be by them applied In the manner
rescribed by law
Section 7. This ordinance shall be
force and take effect from and aft
the earliest period allowed by law.
Passed January 22, 1912. iau.l
EARL II. SMART,
President Of City Council.
Approved by the Mayor, Claude d.
ALTERS.
Attest: Elmer H Blazer. City Clerk.
Published In Star January "a, 81,
,12. M,
m.
published IN Mirrog, January s5.