The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1915-08-06
AN. ORDNANCE.

AN ORDINANCE.
An ordinance to issue bonds to rails
funds with which to pay for the con
i struction of sewers in East Libert
street, East Friendship street. Eas
North street. Spring Grove Avenue
North Harmony street. North Eas
and upon West Smith Road, Sout
Prospect street, and South Huntington
street in Sewer District Number Two
in said Village of Medina, Ohio
| Be it ordained by the Council of tn,
Village of Medina, State of Ohio, three
| fourths of all members elected thereto
concurring: n.
SECTION l. That, in pursuance O
an ordinance for the extension Of sew:
ers passed July 26th, 1915, it is deemed
necessary by the Council of the Village
Of Medina, Ohio, to issue and sell bonds
Of said Village in the sum of Three
thousand nine hundred and twelve and
91-100 Dollars ($3912.9D for the purpose
Of raising funds with which to pay for
the construction of sewers in East
Spring Grove Avenue: in East Friend
ship street from Broadway to Spring
Grove Avenue, in North Street from
Broadway to East street; in East street
from Friendship street north to main
sewer, in Harmony street from Friend
er District Number One. And that il
Is also necessary to issue and sell
bonds of said Village in the sum OF
Three thousand four hundred eighty
seven and 54-1OO ($S487.54) for. the pur-
pose of raising funds with which. to
pay for the construction of sewers in
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.
SECTION @ That the bonds of said
Village be issued in the sum of
Number One, and sszs7.54 in and for
said Sewer District Number Two, for
the aforesaid purpose, nine of said bonds
to be in the denomination of 100000
each and numbered consecutively from
number One to number Nine, and One
$jl2.91 and shall be numbered Ten. In
Sewer District Number One, and Of the
denomination of $3.50. 90 each and shall
be numbered from One to Nine, and One
bond to be in the denomination Of
$33754 and shall be numbered Ten, in
shall be dated August 1st, 1915, and
shall bear interest at the rate of 5 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
list day Of August 1917.
One bond for $4,000 payable on the
list day of August 1918.
One bond for $4,000 payable on the
lst 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
1st 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
lst day Of August 1923.
One bond for $4,000 payable on the
1st day of August 1924. L
One bond for $4,000 payable on the
1st day of August 1926.
One bond for 1921 payable on the
1st day Of August 1926.
In Sewer District Number Two.
One bond for $4,000 payable on the
LIST day of August 1917.
One bond for $3.50. 90 payable on the
lst 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
lst day of August 1920
One bond for $780, payable on the
1st day Of August 1921.
One bond for $3.50. payable on the
LIST day Of August 1922.
One bond for $4,000 payable on the
1st day Of August 1928.
One bond for $500 payable on the
LIST day of August 1924.
one bond for $3.50 90 payable on the
LIST day of August 1925.
One bond for $337.54 payable on the
LIST day of August 1926.
That six hundred and seventy three
and 69-100 dollars ($67369) for which
dc fCat 10 m hn nUt on
paid out of the General Fund Of the
Village. the same being the Villages
portion of the expense Of said improve
ment in Sewer District Number One,
and that of two hundred and eighty
one and 16-100 dollars ($281.16) for
which bonds are issued Is to be levied
and paid cut of the General Fund Of
lagos portion of the expense of said
Improvement in Sewer District Num-
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 afor.e-
said purpose, each of said bonds to be
in the denomination Of $336.S5 and shall
be numbered consecutively from num-
Der one to number two, in Sewer Dis
trct Number One and of the denomina-
ton of $2S1.16 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 5 per cent. per annum, payable
and evidenced by coupons at
tached thereto, and shall be payable as
in Sewer District Number One;
One bond for $336.S5 payable on the
1st day of August 1917.
One bond for $336.85 payable on the
1st day of August 1918.
In Sewer District Number Two:
One bond for $281.16 payable on the
1st day of August 1917
SECTION 3. Said bonds shall ex-
press upon their face the purpose for
which they are issued and the number
Of the Sewer District for which they
are issued, and that they are issued in
pursuance Of this ordinance. They
shall be prepared, issued and delivered
under the direction of the Finance COM
mittee of the Council, and the Village
Clerk, and shall be signed by the Mayor
Of said Village and the Village Clerk,
and sealed with the corporate seal of
said Village, and the interest coupons
attached to said bonds shall be signed
by the Village Clerk, or he shall have
his signature printed or Autographed
thereon.
SECTION 4. Said bonds shall first
be offered at par and accrued interest
to the Trustees of the Sinking Fund in
their official capacity, and II such trus-
tees refuse to take any or all OF said
bonds at par and interest, then said
bonds not so taken, shall be offered at
par and accrued interest to the Board
of Commissioners ofthe Sinking Fund
Of the Village School District, and such
of said bonds as are not taken shall
be advertised for public sale and sold
in the manner provided by law, but
not for less than par value and ac-
crued interest.
SECTION 5. The proceeds from the
sale Of said bonds, except the prem
iums and accrued interest thereon. shall
be placed in the Vi1lapa fraa at,rv ~