Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1915-11-12
AN ORDINANCE

Providing for the issuance of bonds of the
village of Lyons, Ohio to raise means in
anticipation of special assessments to nay
for improving Morenci street and Adrian
street in said village.
Be it ordained by the village of Ly,as.
State of Ohio:
Section l. That, for the purpose of rsis-
ing means in anticipation of special ass
ments heretofore levied benefited prols.ry
to pay a portion of the cost of improvin, .e
streets hereinafter described, there shaI De
levied two series of bonds of said Village OF
Lyons, follows:
For the improvement of that portion of Aior-
eneI street extending from the West Co. s,oI,-
auIon lrae TO the East Corporation line OF SID
village, series of bonds in the amount of
eIo,oSz..0 consisting of ten bonds of s1soO
each and ten bonds of S36927 each, nunloer-
NO. l to No. 20, to become o..> as
follows: One bond of $1,000 and one bons of
S369.z7 on April 1st of each of the s-.rs
1917 to 1926 inclusive:
For the improvement of that portion OF
ADRIAN street extending from the North 5r-
poration line to the South Corporation nne
OF said Village a series of bonds In ,.ie
amount of $S,774.30 consisting OF ten bc-.ds
of $500 each and ten bonds of SS77.43 e-.-n,
numbered from No. l to No 20, to become uae
as follows: One bond of $500 and one bond
1917 to 1926 inclusive.
| All OF SAID bonds shall bear date of u:.o-
Der l, 1910, shall bear interest at the sc
| of i've per cent. per annum payable selu.-an
nuaI1y april lst and October lst o. >aI
year, after the date thereof, until the prInci.
pal sum shall be paid, upon presentation and
| surrender of the proper interest coupo.s
tnereto attached that both principal IL
terest shall be payable, as the same shall be
come due, at Lyons Commercial Bank.
Section q That said bonds shall contain all
provisions and recitals required by tine l..rs
of Ohio, and the further recital as follows Line
all acts, conditions and things required 10
done and to exist precedent to ano N the Is
suing of this bond, have been properly done
and performed, and do exist in regular and
| due form, time and manner as required by
| the Constitution and Laws of the State of
Ohlu, and that the total Indebtedness of said
| Village, including this series of bonds, does
not exceed any constitutional statutory
| limitation.
Section 8. That the Mayor and Clerk be
| and hereby are authorized to execute said
| bonds and that when so executed, they snail
| be offered to the officers of said Village hav-
ing charge of the sinking fund thereof, and
| If not taken by said officers for said SINKING
fund, shall be offered to the State Liability
Board of Awards, and if not taken by said
Board, shall be advertised and sold accord
ing to law.
section A. Ihat the special assessments
heretofore levied against the property benz
fitted by said improvement, respectively the
same shall be collected, shall constitute a
sinking fund for the payment of said bonds
and interest thereon, and that for the pay
by special assessment there shall be annually
ment of any amount thereof not provided for
levied an advalorem tax upon all of the tax
able property in said Village during eaen Of
the years said bonds or any of them shall be
outstanding that will produce sum sutli-
cient to fully provide for the payment of SAID
bonds and interest, and the proper officers
of said Village are hereby directed and the
proper officers of said Village are hereby
directed to certify any such tax levied to
the Auditor of Fulton County, Ohio, for col
lection in each of such years other taxes
of said Village are certified and collected
Section 5. That this ordinance shall take
effect and be in force from and after its pass
age approval and publication as provided by
law.
!. Passed October 25, 1915.
DAVIS BROWN, Mayor
Attest: FLOYD CARPENTER, Village Clerk
29-4