The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1913-02-14
ORDINANCE NO. 3O4
To Issue bonds for the purpose Of construct
Ing sanitary sewerage, disposal plant and
storm sewerage.

| Ing sanitary sewerage, disposal plant ana
storm sewerage.
| IATHEREAS, at the special election held
| w in the village OF CelIna, ONO, on the
2lst day OF May. 1912, the question of fissuing
| the bonds OF said village in an amount in
| excess OF one Qf) per cent OF the total val
| ue OF all property in said village as listed
| or assessed for taxation, that is. III the sum
| uf Eighty Thousand (SSOOOoOO Dollars, for
/ the purpose Of constructing sanitary sew
erage, IA disposal plant and storm sewerage,
| was submitted to a vote OF the quallhed
| electors of said village; and,
| WHEREAS, two thirds of the voters vo-
| ting at such election upon the question OF
/ issuing said bonds, voted in favor thereof
| NOW THEREFORE be IT ordained by
the Council OF the village OF Celina, state
Of Ohio,
lage be issued in the sum OF Eighty Thou
sand $50, 10000 Dollars for the purpose OF
constructing sanitary sewerage, disposal
plant and storm sewerage Each OF said
bonds is to be in the denomination of one
Thousand lSlOOo.OOD Dollars, numbered con-
secutively from to so, inclusive. all made
payable March lst. bearing interest at the
rate OF four and IA half (419 per cent per
Rnnum, payable annually, evidenced by
coupons attached thereto. Said bonds shall
be dated March lst, 1913, aud shall run rs
follows:
Four bonds Of $1,000 90 each shall run for |
period OF twenty years; four bonds OF |
$4,000 each shall run for period OF twen- |
ty-one years: four bonds OF 100000 each |
shall run for n period of twenty-five years |
four bonds OF $1,000 90 each shall run for a |
period OF twenty-three years; four bonds OF |
100000 each shall run for period OF twen- |
ty-fOur years; four bonds OF 100000 each |
shall run for period OF twenty nve years; |
foUr bonds OF 100000 each shall run for |
period OF twenty-sX years; four bonds Of |
100000 each shall run for period OF twen- !
ty-seven years; four bonds OF SlWO.OO each |
shall run for period OF wenty-eight years;
tour BONDS of $1,000 90 each snail run for
period OF tw6nty-nine years; four bonds OF
$1,000 % each shall run for period OF thirty |
years; four bonds of 100000 each shall run
for per cd OF thirty-One years; four bonds
of $1,000 90 each shall run for Il period Of tbir-
ty-twO years; four bonds Of 100000 each
shall run for period OF thirty hree years;
four bonds OF 5000 90 each shall run for
period OF thirty-fOur years; four bonds OF
100000 each shall run for period OF thirty
i've years; four bonds Of $10OO00 each shall
run for period of thirty-s,X years; four |
bonds OF SiOOpOO each shall run for period |
of thirty seven years; four bonds OF $1,000 90
each shall run for period of thirty eight
wears; four bonds OF $1,000. 90 shall run for
period of thiTty-nine years,
Said bonds shall be payable at the Treas
urer's office in the village of Celina, State
of Ohio
SECTION 2.-said bonds shall express
upon their face the purpose for which they
are issued, and that they are Issued in pur-
suance OF this ordinance. They shall be
Issued and delivered under the
OF the Finance Com mittee OF the
Council and the Village Clerk, ana shall be
signed by the Mayor Of the Village and by
' !
porate seal OF said Village, and the Interest
coupons attach,d to said bonds shall be
executed by tie Clerk OF the Village, with
his signature thereto, or he shall have his
signature printed or autographed thereon.
SECTION Said bonds shall be first Of |
fered at par and accrued interest to the
II ustees OF the Sinking Fund In their OFF,
cial capacity, and il the Sinking Fund
Trustees refuse to take any or all of sad
bonds at par and accrued interest then said
bot DIS not SO taken shall be advertised for
public sale and sold in the manner provi-
led by law for not less than their par val
ne and accrued interest
SECTION 1.-THE proceeds from the sale
)f said bonds, excepting premium and ac-
,rued nterest shall be placed in the VII
age Treasury to the credit of the Sewer
Fund, and shall be used for the purpose OF .
paying for the construction of the sanitary
leverage, a disposal plant and storm sew
rage, and for no other purpose, and the
premiums and accrued interest derived n
rom such sale shall be transferred to the
Trustees of the sinking Fund to be applied
~ them in the manner provided by law.
SECTION 5-This ordinance shall take
fleet and be in force from and after the
arliest period allowed by law.
Adopted February 4. 1918.
H. A. MILLER.
President OF the Council
Attest:-JAME5 X. CARLIN,
Village Clerk.