The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1913-02-07
ORDINANCE NO. 3O4
To Issue bonds for the purpose Of construct.
Ing sanitary sewerage, disposal plant and
storm sewerage.

! LAI HEREAS, at the special election held
w In the village OF CelIna, Ohio, on the
2lst day OF May. 1912, the question OF issuing
the bonds OF said village in an amount In
| excess OF one 40 per cent OF the total val
ue OF ali property In said village as listed
| or assessed for taxation, that is, In the sum
Uf Eighty Thousand (tSO,O OOO Dollars, for
the purpose OF constructing sanitary sew
erage, disposal plant and storm sewerage,
was submitted To vote OF the qualified
electors OF said village; and
WHEREAS, two thirds of the yokerB yo-
ting at such election upon the question OF
Issuing said bonds, voted in favor thereof
NOW ! THEREFORE, be IL ordained Dy
the Council OF the village OF Celina, state
Of ohio,
SECTION l,-That the bonds of said viii
lage be issued in the sum OF Eighty Thou
sand ($sO, 1000 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 Sl,OOOOO) Dollars, numbered con-
secutlvely from TO 80, inclusive, all made
payable March lst., bearing interest at the
rate OF four and half 90 per cent per
annum, payable annually, evidenced by
coupons attached thereto Said bonds shall
be dated March lst, 1913, and shall run as
follows:
Four bonds OF 100000 each shall run for a
period OF twenty years; four bonds of
100000 each shallrun for period OF twen-
ty-one years; tour bonds OF 100000 each
shall run for period OF twenty-five years;
four bonds of 100000 each shall run for "a
DbTlOu Oh LWtnIy=tnfbey y ears. IOuT DOnQk OF
$l0O0.00 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 she'll run for IA
period OF twenty-siX years; four bonds Of
100000 each shall run for period of TWEEN
ty-seven years; four bonds OF 100000 each
shall run for periodof twenty-eight years;
four bonds OF $1,000 90 each shall run for .
period OF tWenty-nine years; four bonds OF
$1,000 90 each shall run for q period OF thirty
years; four bonds OF $1,000. 90 each shall run
for period OF thirty-one years; four bonds
OF $4,000 each shall run for period of thir-
ty-two years; four bonds OF 100000 each
shall run for Il period OF thirty hree years;
four bonds OF $1,000 90 each shall run for "a
period OF thirty-four years; four bonds OF
100000 each shall run for period OF thirty
i've years; four bonds Of $1,000. 90 each shall
run for period of thirty-six years; four
bonds OF $lOOn.0O each shall run for a period
OF thirty-seven years four bonds OF Sl0O0 90
each shall run for period OF thirty eight
years; four bonds OF $l0U0. 90 shall run for O
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 facethe 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 Committee of the
Council and the Village CLERK, and shall be
signed by the Mayor OF the Village and bY
the Village Clerk, and sealed with the cor
porate seal Of said Village, and the interest
attached 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 3-Said bonds shall be first Of |
I red at par and accrued interest to the |
Trustees OF the Sinking Fund in their Off |
cial capacity, and II the Sinking Fund |
Trustees refuse 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 provi- |
ded by law for not less than their par val |
ue and accrued interest
SECTION 4.-The proceeds from the sale |
Of said bonds, excepting premium and ac-
crued interest shall be placed in the vii |
lage Treasury to the credit OF the Sewer |
Fund, and shall be used for the purpose of |
paying for the construction Of the sanitary |
sewerage, a disposal plant and storm sew |
srage, ana for no other purpose, and the |
premiums and accrued interest derived |
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 ordinance shall take |
effect and be in force from and after the |
earliest period allowed by law.
Adopted February 4, 1918
II. A. MILLER,
President of the Council |
A est:-JAM Els X. CARLIN,
Village Clerk.