Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1915-10-29
Fulton County Tribune
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 l. That. for the purpose of rais-
ing means In anticipation OF special assess
n.ents heretofore levied ON benefited property
" pay porllon OF the cost OF. improving the
stress hereinafter DESCRIBED, there shall be
levled Two series of bonds OF said Village OF
Lyons, as follows:
For the Improvement of that portion of Nor
enci street exIend.ng from tine west Corpor-
srion line to the East Corporation line of said
snaage, OF bonds IN the amount of
Sl5,6sz.7U consisting of ten bonds of $1,000
each and ten bonds of s369.27 each, number
eu from Mo. 1 to No. 20, to become due as
Follows: One bond of $1,000 and bond of
S369.z7 on April 1st of each of the years
1917 to 1926 inclusive:
For the Improvement of that portion OF
Adrian street extending from the North Cor
poration line to the South Corporation line
of said Village q series of bonds in the
amount of So,774.30 consisting of ten bonds
of $500 each and ten bonds of S377.4S eachs
numbered from No. to No 20. to become due
as follows: One bond of $500 and one bond
of $377.43 April 1st of each OF the years
1917 to 1926 inclusive.
All of said bonds shall bear date OF Octo-
ber l, 1915, shall bear interest at the rate
of five per cent per annum payable seml-an-
nually on April 1st and October LIST of each
year. after the date thereof, until the princf-
pal sum shall be paid upon presentation and
surrender of the proper interest coupons
thereto attached that both principal and in,
terest shall be payable. as the same. shall be
come due, at Lyons Commercial Bank.
Section q That said bonds shall contain all
lc rod Fru
of Ohio and the further recital as follows The
all acts, conditions and things required to be
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
Ohio and that the total Indebtedness OF said
Village including this series of bonds, does
not exceed any constitutional or statutory
1 limitation.
Section g. That the Mayor and Clerk be
and hereby are authorized to execute said
bonds and that when SO executed. they shall
be offered to the officers of said Village hav-
ing charge of the sinking fund thereof, and
i 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 T. That the special assessments
heretofore levied against the property bene-
fted by said improvement, respectiveiy as the
same shall be collected, shall constitute q
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 ior
levied an advalorem tax upon all Oh tne ts1-
| able property in said Village during each OF
the years said bonds or any of them shall pc
outstanding that will produce sum SUM- :
Gent to fully provide for the payment OF SAID
i bonds and interest, and the proper onicers
of said village are hereby directed and the
proper officers Of said Village are ,.I;s ae5eeo y
tha Auditor of Fulton County, Ohio, for col
lection in each of such years as other taxes
of said Village are certified and collected:
Il Section S. That this ordinance snah .aHe
Il 60 - \. ", force from and after its pass
age, approval and publication as provided Ds
law.
fasSeu DAVIS BROWN, Mayor.
Attest: FLOYD CARPENTER. Village CLERK oa