The Marion daily mirror. (Marion, Ohio) 1892-1912, 1912-02-28


ORDINANCE No. II. To issue
bonds for the purpose of purchasing
site in the central section of the
City OF Marion. Ohio for Fire En-
gine House and n site In the north
ern section OF the City for a Fire
Engine house
BE II ordained by the Council of the
City OF Marion, State of Ohio. two
thirds of the members elected thereto
lccncurring.
Section j. That IL is deemed neces-
sary by the Council or the City of
Marion, Ohio to issue and sell the
bonds of said City in the sum of
Ten Thousand Dollars, (S10,0OO.0O) for
the purpose OF purchasing a site in
the central section of the City of Ma
rion. Ohio anden site in the northern
section Of the said City of Marion.
Ohio upon which to build Fire Engine
Houses.
Section. 2. That the bonds OF said
City be issued in the sum of Ten
Thousand Dollars C$1o,O0O.0O) for the
aforesaid purpose; each OF said bonds
t. be in the denomination of one
Thousand Dollars ($1.O0O.0O) and num-
bered consecutively from one to TO-
both exclusive and all made payable
on the first day of March and bear
ing interest at the rate of four and
one half per cent. per annum, pay;
able semi-annually. evidenced by cou-
pons attached thereto; said bonds shall
he dated not later than September
/ A 4
payable as follows: One bond March
1, 1915; one bond on March /, 1876 one
bond on March 1. 1917; one bond on
March 1, 1918; one bond on March 1
1918; one bond on March /,
1920; one bond on March 1, 1921;
one bond on March /, 1922; one
bend on March l, 1923; one bond on
March l, 1924; and said bonds shall be
payable at the office of the Treasurer
lof Marion, Ohio i'm the City of Ma
rion, State OF Ohio.
Section 3. THAT said bonds shall
express upon Their face the purpose
fol which they are issued and that
they are issued in pursuance Of this
ordinance. They shan be prepared
issued and delivered under the di-
ERECTION of the Finance Committee OF
Council and the City Auditor and
sLall be signed by the Mayor of said
lCity and by the Ci,y Auditor and
sealed with the corporate seal of said
lCty; and the interest coupons attach
cd TO said bonds shall be issued by
tbeCity Auditor wit his signature
thereto or he shall have his signature
| ur fa1 .I.a
Section T. Said bonds shall be first
offered at par and acrued interest
20 the Trustees of the Sinking Fund
in their official capacity and If the
Sinking Fund Trustees refuse to take
ans or all OF said bonds at par and
interest, then said bonds not so taken
shall beadvertised for public sale and
scld in the manner provided by law,
but not for less than their par value
ard acrued interest.
Section g. The proceeds from the
sale Of said bonds, except the preml-
ums and accrued interest thereon
shall be placed i'm the City Treasury
to the Credit of the Fire Engine site
Fund and shall be disbursed upon
proper couchers for the purpose of
purchasing site in the central Sec
tion OF the City OF Marion, Ohio. and
a site in the northern section of said
city upon which to build Fire En-
lgine House and for no other purpose;
and the premiums and accrued interest
received from such sale shall be
ansferred to the Trustees OF the
Sinking Fund to be applied by them
In the manner provided by law.
Section 8. This ordinance shall take
effect AMI be in force from and after
the earliest period allowed by law.
Passed February &C. 1912.
EARL Il. SMART,
President of Council.
Approved by CLAUDE ID. WAL.
TIERS, Mayor
Attest: Elmer Il. Blazer. City Clerk
Pub in Star February 27 and March
g. 1912.
Pub. in Mirror February 2S and
March 6, 1912.