The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1915-07-30
AN ORDINANCE.

"a o.,
An ordinance to issue bonds to raise
strmction of sewers in East Liberty
street. East Friendship street, East
North street Spring Grove Avenue,
North Harmony street, North East
street, in Sewer District Number Ons,
and upon West Smith Road SOUTH
Prosnect street, and South Huntington
street in Sewer District Number TWO,
in said Village of Medina, Ohio..
Be it ordained by the Council OF tne
Village of Medina. State Of Ohio' .hIee
fourths of all members elected tnere.o
concurring: -
SECTION 1. That, in pursuance of
an ordinance for the extension OF sew
ers passed July 26th, 1915, It Is deemeu
necessary by the Council OF the villaSe
of Medina, Ohio, to issue and sell % ponus
OF said Village in the sum VI An ma
Si- loo Dollars ($3912.9D for the purpose
of raising funds with which TO- pay Ior
the construction of sewers IN Last
Liberty street from Harmony street 70
Spring Grove Avenue; IN East frlenu-
Grove Avenue, in North Street from
Broadway to East street; in East street
from Friendship street north to man
sewer, in Harmony street from trlsnu-
ship street north to main sewer, IN sew
er District Number One. And that i
ii also necessary to issue and sell
bonds of said Village in the sum oI
Three thousand four hundred eighty
seven and 54-1O0 ($34S7.54) for the pur-
pose of raising funds with which 70
pay for the construction OF sewers m
Smith Road from Elmwood Avenue to|
Baxter street; in South Prospect street
from Smith Road to Harrisville ROAD;
and in South Huntington street from
West washington street to Smith Road
in Sewer District Number Two, 80,
SECTION 2. That. the bonds Of said
$3912. 81 in and for said Sewer District
Number One, and $34S7.54 in and for
said Sewer District Number TWO. for
the aforesaid purpose, nine OF said bonds
to be in the denomination of, S40O W
each and numbered consecutiveiy from
number One to number Nine, and one
bond to be in the denomination OF
$S1291 and shall be numbered Ten: In
Sewer District Number One, and OF the
denomination of $3.50. 90 each and shan
be numbered from One to Nine, and One
bond to be in the denomination OF
$337.54 and shall be numbered Ten, in
Sewer District Number Two Said bonds
shall be dated August 1st. 1915, and
shall bear interest at the rate OF D per
cent per annum, payable annually, and
evidenced by coupons attached thereto
and shall be payable as follows;
In Sewer District Number One.
One bond for $4,000 payable on the
1st day Of August 1917.
One bond for $4,000 payable on the
1st day of August 1918.
One bond for $4,000 payable on the
1st day of August 1919
One bond for $4,000 payable on the
1st day of August 1920.
One bond for $4,000 payable on the
list day of August 1921.
One bond for $4,000 payable on the
1st day of August 1922
One bond for $4,000 payable on the
list day of August 1928.
One bond for $4,000 payable on the
list day of August 1924.
One bond for $4,000 payable on the
1st day of August 1926.
One bond for $312.9l payable on the
LIST day of August 1926.
In Sewer District Number Two.
One bond for $S5O.OO payable on the
1st day of August 1917.
One bond for $3.50 90 payable on the
LIST day of August 1918.
One bond for $3.50. 90 payable on the
list day of August 1919.
One bond for $3.50 90 payable on the
LIST day of August 1920.
One bond, for $3.50 90 payable on the
1st day of August 1921.
One bond for $3.50. 90 payable on the
LIST day of August 1922.
One bond for $3.50. 90 payable on the
1st day Of August 1928.
One bond for $350.00 payable on theI
list day Of August 1924.
One bond for $4,000 payable on the
LIST day of August 1925.
One bond for $337.54 payable on the
LIST day of August 1925.
That six hundred and seventy-three
and 69-100 dollars (S673.69) for which
bonds are issued Is to be levied and
paid out Of the General Fund of the
Village. the same being the Villages
portion Of the expense OF said improve
~. faf
and that of two hundred and eighty |
one and 16-100 dollars ($2S1,16) for
which bonds are issued is to be levied |
and paid out of the General Fund OF
the Village, the same being the Viii
lagos portion of the expense Of said
ber Two. That the bonds Of said viii |
lage be issued in the sum of $673.69 in |
and for said Sewer District Number /
One, and $2S1.16 in and for said Sewer /
District Number Two, for the afore-
said purpose, each of said bonds to be |
in the denomination OF $SJ6.S5 ana snail
be numbered consecutively from num-
ber one to number two, in Sewer Dis
trict Number One and of the denomina-
ton of $281.16 and shall be numbered
one. in Sewer District Number Two.
Said bonds shall be dated August 1st,
1915, and shall bear interest at the
rate of per cent. per annum, payable
and evidenced by coupons at
.ached thereto, and shall be payable as
in Sewer District Number One:
One bond for $336.S5 payable on the
st day of August 1917.
One bond for $336.S5 payable on the
st day of August 1918
In Sewer District Number Two:
One bond for $2S1.16 payable on the
st day of August 1917.
SECTION g. Said bonds shall ex-
ress upon their face the purpose for
which they are issued and the number
( the Sewer District for which they
re issued and that they are issued in
ursuance of this ordinance. They
hall be prepared, issued and delivered
nder the direction of the Finance COM
littee of the Council, and the Village
lerk, and shall be signed by the Mayor
said Village and the Village Clerk,
nd sealed with the corporate seal of
aid Village, and the interest coupons
ttached to said bonds shall be signed
y the Village Clerk, or he shall have
is signature printed or Autographed
nereon.
SECTION f. Said bonds shall first
e offered at par and accrued interest
b the Trustees Of the Sinking Fund in
heir official capacity, and il such trus-
ees refuse to take any or all of said
onds at par and interest then said
onds not so taken, shall be offered at
ar and accrued interest to the Board
t Commissioners ofthe Sinking Fund
t the Village School District, and such
t said bonds as are not taken shall
Q advertised for public sale and sold
n the manner provided by law, but
ot for less than par value and ac-
rued interest.
SECTION 5. The proceeds from the
ale Of said bonds, except the prem
unns and accrued interest thereon, shall
e placed in the Village treasury to
he credit of the Sewer Fund and shall
e disbursed upon proper vouchers for
ewers as hereinabove set forth. The
remiums and accrued interest re-
eived from SUCH sale shall be trans