The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1914-01-16

To issue Bonds for the purpose of con
structing Sanitary Sewerage, Dispose
Plant and Storm Sewerage.

To issue Bonds for the purpose OF con
structing Sanitary Sewerage. a Dispose
Plant and Storm Sewerage.
Whereas, At the special election held II
| the village OF Celina. Ohio, on the 2lst day
| of May, 1912. the question of issuing bond!
| OF said village in an amount in excess o
| one % per cent of the total value of al
property in said village as listed or as
| sessed for taxation; that Is, in the sum o
| Eighty Thousand 1850. .OO0.00) Dollars, for the
/ purpose of constructing sanitary sewerage
| a disposal plant and storm sewerage, was
submitted to vote of the qualified electors
Whereas, Two-thirds 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 o
Ohio:
Section /. That the bonds of said village
| be issued in the sum OF Eighty Thousand
| 1880 900 00) Dollars for the purpose OF con
structinR sanitary sewerage, a disposal
plant and storm sewerage. Each OF said
bonds to be In the denomination of one
Thousand (sl,0o00O) Dollars, numbered con
| secutively from to so. All made payable
March lst, bearing interest at the rate oi
| five (5) per cent per Rnnum, payable annu'
ally. evidenced by coupons attached there
to. Said bonds shall be dated March l, 1914
and shall run as follows:
Four bonds of 81 100000 each shall run for a
pegiod of twenty years. four bonds OF
81, 10000 each shall run for perion OF TWEEN
ty-one years four bonds OF $l,OOOOO each
shall run for period of tWenty-two years
four bonds of Sl00O,00 each shall run for Ii
period OF twenty-three years; four bonds OF
81, 10000 each shall run for period OF
twenty -four years; four bonds OF Sl,OOOOC
each shall run for a period Of twenty-five
years; four bonds of $1,000 10 each snail run
for period of twenty-six years four bonds
of 81, 10000 each shall run for period OF
twpnty-seVen years; four bonds OF Sl,0OO.OO
each shall run for period OF twenty eight
years; four bonds of 100000 each shall run
for a period of twenty-nine years four
bonds of 81 900 90 each shall run for period
of thirty year; four bonds of 81 100000 each
shall run for n period of thiTty.one years
four bonds Of 81 ,00O.00 each shall run for a
period of thirty-two years; four ponds OF
81 10000 each shall run for period OF thirty
three years. four bonds of $1,000 90 each
shall run for period of thirty-four years
-four bonds of 81 10000 each shall run for q
period OF thirty-five years: four bonds OF
Sl 900 90 each shall run for n period of thirty
six years four bonds of 81, 10000 each shall
run for p period of thirty-seven years; Tour
bonds of 100000 each shall run for period
Of thirty -etght years; four bonds or SlVoodu
each shall run for a period OF thtrty-n1ne
said bonds shall be payable at the Treas
urers office, in the village of Celina, State
of Ohio.
section 2. Said bonds shall ex press upon
their face the purpose for which they are
issued, aud that they are issued in pursu-
ance of this ordinance They shall be pre-
pared, Issued and delivered under the dt-
rection 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 Olerk. and sealed with the cor
porate seal of said Village, and the interest
coupons attached to said bonds shall be eX-
ecuted by the OleTk of the Village, with his
siQ nature 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 ca pac-
ity, and II 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 for
not less than par value and accrued in
terest.
Section 4. The proceeds from the sale of
said bonds excepting premiums and ac-
crued interest, shall be placed in the viii
IaQe treasury to the credit of the Sewer
Fund and shall be used for the purpose of
paving for the construction of the sanitary
sewerage, diposal plant and storm sewer,
and for no other purpose. and the prem
iums 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 s. Ordinance No. 804. adopted
February 4, 1913 to issue bonds for the pur-
pose OF constructing sanitary sewerage, q
disposal plant and storm sewerage, Is here
by repealed,
Section 6. This ordinance shall take effect
and be In force from and after the earliest
period allowed by law.
Adopted January lS, 1914.
q. d. RTON, President of Council.
Attest; b, H GILBBRG, Village Clerk.