Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1915-11-19
AN ORDINANCE

Providing for the issuance of bonds Of the
village of Lyons. Ohio to raise means in
anticipation Of special assessments to pay
for improving Morenci street and Adrian
street in said village.
Be it ordained by the village Of Lyons,
State Of Ohio:
Section 1. That, for the purpose of rais-
ing means in anticipation of special assess-
ments heretofore levied on benefited property
to pay a portion of the cost of improving the
levied two series Of bonds Of said Village OF
Lyons, as follows:
For the Improvement of that portion Of Nor
enci street extending from the West Corpor-
alton line to the East Corporation line of said
Village, series Of bonds in the amount of
$13,692.70 consisting of ten bonds Of $1,000
each and ten bonds of s369.27 each, number
ed from No. l to No. 20. to become due as
follows One bond of $1,000 and one bond Of
s369.27 on April 1st of each of ths years
1917 to 1925 inclusive:
For the improvement Of that portion OF
Adrian street extending from the North Cor.
poration line to the South Corporation lins
of said Village a series OF bonds In tbs
| amount of sS,774.30 consisting Of ten bonds
of $500 each and ten bonds Of $377.4S each
numbered from No. to No TO- to become due
as follows One bond of $500 and one bons
of $377.43 on April 1st of each Of the year.
1917 to 1926 inclusive.
| All of said bonds shall bear date of Octo
Der 1, 1915, shall bear interest at the rat
OF five per cent. per annum payable semi-an
| nually April 1st and October 1st of eael
year. after. the date thereof. until the prinoi
pal sum shall be paid, upon presentation an
surrender of the proper interest coupon
thereto attached that both principal and in
terest shall be payable, the same shall bs
come due, at Lyons Commercial Bank.
Section 2. That said bonds shall contain a
provisions and recitals required by the law
of Ohio and the further recital as follows 9Th
all acts, conditions and things required to b
done and to exist precedent to ana N the 4
suing of this bond, have been properly don
and performed, and do exist in regular an
due form, time and manner az required b
the Constitution and Laws of the State Z
Ohio, and that the total Indebtedness Of sal
Village, including this series Of bonds. doe
not exceed any constitutional or statutor
/. limitation.
Section Q. That the Mayor and Clerk I
and hereby are authorized to execute saj
bonds and that when so executed, they sha
: be offered to the officers of said Village ha,
ing charge of the sinking fund thereof, an
. if not taken by said officers for said sinkin
fund, shall be offered to the State Lfabilit
4 Board of Awards, and if not taken by sal
Board, shall be advertised and sold accort
ing to law.
! Section A. That the special assessment
heretofore levied against the property BEN
fitted by said improvement, respectively a. IL
!. same shall be collected, shall constitute
! sinking fund for the payment Of said bont
, and interest thereon, and that for the pa.
by special assessment there shall be annual
ment of any amount thereof not provided Il
| levied advalorem tax upon all of the tai
able property in said Village during each
the years said bonds or any of them shall
outstanding that will produce a sum suff
cient to fully provide for the payment Of sa
bonds and interest. and the proper office
| of said Village are hereby directed and Il
proper officers of said Village are heret
directed to certify any such tax SO levied
: the Auditor of Fulton County, Ohio, for co
LECTION in each of such years as other tax
, of said Village are certified and collected.
Section s. That this ordinance shall tai
effect and be in force from and after its pas
age approval and publication as provided
II law. u
Passed October 25. 1915.
DAVIS BROWN, Mayor.
Attest: FLOYD CARPENTER, Village Cleri
vi -.-AllN. 29-4