The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1914-01-23

To issue Bonds for the purpose of con-
structing Sanitary Sewerage IA Disposal
Plant and storm Sewerage.

To issue Bonds for the purpose of con-
structing Sanitary Sewerage, Disposal
Plant and storm Sewerage.
Whereas, At the special election held in
the village of Celina, Ohio, on the 2lst day
OF May, 1912, the question of issuing bonds
OF said village in an amount in excess OF
one (D per cent of the total value Of all
property in said village as listed or as
sessed for taxation; that is, in the sum of
Eighty Thousand $50 100000 Dollars, for the
purpose OF constructing sanitary sewerage,
u dis posal plant and storm sewerage, was
submitted to vote Of the qualified electors
of said village; and
Whereas, Two-thlrds of the voters voting
at such election upon the question OF issu-
ing said bonds, voted in favor thereof.
Now, therefore, Be IL ordained by the
Council of the Village OF Oelina, State of
Ohio:
Section I. That the bonds of said village
be issued in the sum of Eighty Thousand
tSs0,O0O00) Dollars for the purpose OF con-
structlnR sanitary sewerage, disposal
plant and storm sewerage. Each of said
bonds to be in the denomination OF One
Thousand Sl,00000) Dollars, numbered con-
secutively from | to so. All made payable
March lst, bearing interest at the rate of
five (5) per cent per annum, payable annu.
ally evidenced by coupons attached there
to. Said bonds shall be dated March |, 1914.
and shall run as follows:
Four bonds of 100000 each hall run for
period of twenty years. four bonds of
81 90 each shall run for perion of twen-
ty-one years; four bonds OF 100000 each
shall run for period OF twenty-five years;
four bonds OF 81 10000 each shall run for a
period of twenty-three years; four bonds of
81 100000 each shall run for a period of
twenty-four years; four bonds OF Sl,OOO.OO
each shall run for period of twenty-five
years; four bonds of Sl,OOOOO each shall run
for period of twenty-siX years; four bonds
of 81 10000 each shall run for period of
twenty-seven years; four bonds OF Sl,OOO.OO
each shall run for n period of twenty-eight
years; four bonds Of 100000 each shall run
for a period of twenty-nine years; four
bonds of Sl,00O00 each shall run for period
of thirty year; four bonds OF SlOOOOO each
shall run for period of thirty-one years
four bonds of Sl,000.00 each shall run for II
period Of thirty-two years; four bonds of
81 100000 each shall run for period OF thirty
three years; four bonds OF Sl,000OO each
shall run for a period of thirty-fou years
four bonds of 81 100000 each shall run for a
period OF thirty-fve years: four bonds of
100000 each shall run for period OF thirty
six years; four bonds of Sl,00000 each shall
run for n period OF thirty seven years; four
bonds of 81 10000 each shall run for period
of thirty-eiRht years; four bonds OF SlOOOoO
each shall run for period OF thlrty-nine
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 pursu-
ance of this ordinance. They shall be pre-
pared, issued and delivered under the di-
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
coupons attached to said bonds shall be ex-
ecuted by the Clerk of the Village, with his
signature thereto, or he shall have his sig |
nature printed or autographed thereon.
Section 3. Said bonds shall be first offered
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 |
and sold In the manner provided by law for |
terest
Section 4. The proceeds from the sale of
said bonds, excepting premiums and ac- |
crued interest, shall be placed in the viii |
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, diposal plant and storm sewer, |
and for no other purpose, and the prem |
lums and accrued interest derived from |
such sale shall be transferred to the Trus- |
tees of the Sinking Fund. to be applied by |
them in the manner provided by law.
Section g. Ordinance No 804, adopted |
February 4, 1918, to issue bonds for the pur- |
pose OF constructing sanitary sewerage, a
disposal plant and storm sewerage, Is here
by repealed
and be in force from and after the earliest |
period allowed by law.
Adopted January l8, 1914.
o. ID. RIOE, President of Council.
Attesti B. H GILBERG, Village Clerk.