The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1913-01-24
Resolution No. IS9

To provide for the Issuing of bonds of the
Village OF Oelina in the sum of Twenty
two Thousand (S22,00O.00) Dollars for the
purpose OF extending the time OF pay
ment Of certain Indebtedness which,
from its limits of taxation, said Village
is unable to pay at maturity.
Be 1t resolved, BY the Council OF the VII
laRe of Oelina, State OF Ohio; ,
Section l. That certain Indebtedness
heretofore incurred by the village OF Oell-
ma, to-wit: That incurred in the sale OF
bonds for the villages share OF West Fay
ette Street Improvement; East Livingston
Street Improvement; East Market Street
improvement; West Livingston Streec
West Market Street Improvement, ana
Highway improvements, to the amount OF
Twenty-Five Thousand (S22,OOOOOl Dollars' Is
hereby declared and determined TO De an
existing. valid and binding obligation OF
said Village. -,
Section 2. To provide means to extend
the time of payment OF SAID lnuepteuIntSys5S5 ty55 -
lage is unable to pay at maturity, tnere
shall be issued bonds OF The NliIage OF JUL t-
ma to an aggregate amount OF Iwenty-two
Thousand (S22, ,00000) Dollars, which pohus
shall be in the denomination OF Five hun
dred (S50O.00) Dollars each, and numbered
consecutiVely from one to forty-four, lnclu-
siye all payable at the Treasurer's ONCE, IN
Celina, State of Ohio, and all bearing inter
est at the rate of fve (5l per cent per an
mum, payable annuaIlya at the same place;
Said bonds shall be dated March !, l9i5'
- ~
I5 II, IS. 10. 90 81 22 49, a. 25 26 e. 2S w. ~
and 81 years from their date, or oonds OF
S5OO.OO each due March !, 1925 2 bonds OF
$500. 90 each due March l. 1924; Donds OF
S500.0O each due March /, 1925; bonds OF
S5OO.0O each due March /, 1928; ponds OF
S500.0o each due March /, 1927; 2Donds OF
$4,000 each due March l, 1923; bonds OF
$500. 90 each due March !, 1926 ponds OF
$4,000 each due March /, 1880; bonds OF
S500.00 each due March l, 1881; bonds OF
$500.00 each due March ], 1882; ponds OF
100000 each due March l, 1888; Dohds OF
s500.00 each due March /, 1894; ponds OF
$500.00 each due March ], 1895; 2 bonds OF
S5O0.00 each due March l, 1885; bonds OF
$4,000 each due March l, 1887; bohds OF
$500 90 each dne March l. 1888: 2 bonds of
$4,000 each due March /, 1889; bohds OF
$500 O0 each dine March L. 1910; 2 bonds OF
$500 O0 each dne March l. 1941; 2 bonds of
$500.00 each due March l, l942; 2 bonds or
$4,000 each due March l, 1913, and bonds
of $4,000 each due March J. 1914.
Section 3. Said bonds shall express upon
their face the purpose for which they are
issued, and that they are issued In pursu-
ance of this resolution. -
They shall be prepared, issued and de-
liVered under the direction OF the FINANCE
Committee of the Council ana the VIllase
Clerk, and shall be signed by the mayor OF
said Village and by the Olerk, ana sealeQ
with the corporate seal OF SAID Nlllage, anu
Interest coupons attached TO sald Donus
shall be executed by the Village CLERK with
his signature thereon, or he shall nave MS
signature printed or Autographed thereon.
Section A. Said bonds shall be tirst oHered
at par and accrued interest to the Trustees
OF the Sinking Fund in their official capac-
ity and If the Sinking Fund Trustees re-
fuse to take any or all of said bonds at par
and accrued interest, then said bonds not
SO taken shall be advertised for public sale
and sold in the manner provided by law, at
not less than their par value and accrued
interest. The proceeds from the sale OF
said bonds, except the premium and ac-
crued interest, shall be used for the pur-
pose of paying the Indebtedness aforesaid,
and for no other purpose. and the premium
and accrued interest received from such
sale shall be transferred to the Trustees OF
the Sinking Fund, to be applied by them In
the manner provided by law.
Section 5. This resolution shalt take erect
and be in force from and after the earliest
period allowed by law.
II. A. MILLER,
President OF Council
Attest: JAMES X. .CARLIN, Village Clerk.