The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1918-08-23

and,
Whereas, two-thirds of the voters at
issuance and sale Of said bonds voted
in favor thereof,
NOW THEREFORE,.
BE IT ORDAINED.
BY the Council of the Village OF
Medina, State of Ohio. five members
elected or appointed thereto. concurring
herein:
Section 1. That the bonds of said
village be issued and sold in the sum
Of Twelve Thousand Dollars ($12000.)
engine for the village of Medina, Ohio:
said bonds shall be numbered consec-
utively from one to twenty-four inclu-
sive. and each bond shall be in the
denomination of Five Hundred Dollars
$500.00); said bonds shall bear the date
of September 1st, 1918 and shall be-
come due and payable as follows: to-
wit:-one bond to become due and pay
on September 1st. 1920. and one bond
on the first day of March and Septem-
ber of the years 1921, 1922. 1928. 1924.
1926. 1925. 1927, 1928 respectively, and
one bond on March 1st. 1929 and two
bonds on September 1st. 1929. and one
bond on March LIST, 1880. and the last
two bonds on September 1st, 1880: said
bonds shall bear interest at the rate
Of six per cent. l6M) per annum pay.
able semi-annually on the 1st day Of
March and September Of each year af-
ter date thereof. evidenced by coupons
attached thereto: and both interest and
principal shall be payable at the office
; Of the Sinking Fund Trustees in and
for said village Of Medina. Ohio.
Section II. Said bonds shall express
upon their face the purpose for which
they are issued and that they are issued
in pursuance of this ordinance. They
nar 0t fe ef the
Committee of the Council and the Viii
lage Clerk. and shall be signed by the
Mayor of said Village and by the VIII
lage Clerk, and sealed with the corpor-
est coupons attached to said bonds
shall be executed by the Village Clerk
with his signature thereto. or he shan
have his signature printed or litho-
graphed thereon.
first offered at par and accrued inter
est to the Trustees of the Sinking
= said Sinking Fund Trustees refuse tc
take any OF ali Of said bonds adss at t.ppa. Pc.
: not so taken shall be offered at par and
: Commissioners Of the Sinking Fund q
; the Village School District, and IL sait
!, latter beard refuses to take any or all o.
9 taken shall be offered in manner ant
form as provided by law to the Indus
s trial Commission Of Ohio. and II no
purchased by any of said Boards, sucf
. be advertised for public sale and SOLE
I in the manner provided by law. but no
i for less than their par value and &C
|. crued interest.
Section ~. The proceeds from tn
NJ irfn
shall be placed in the Village Treas
ury to the credit Of the Fire Engin'
f Fund and shall be used for the purpos.'
Of purchasing fire engine for the VII
lage Of Medina, Ohio. and for no othel
interest received from such sale shal
a be transferred to the Trustees of tn
Sinking Fund, to be applied by then
in the manner provided by law.
t Section Y. That TO provide q sink
a ing. fund for the final redemption q
lars ($12,0OO.0O) in bonds hereby auth
p orized, and to pay the interest on SAM
as it becomes due, there shall be anS
q there Is hereby ordered levied upon al
axnbie property OF the safd dtNr xiiage
e a direct tax annually during the year
1918 to 1880 inclusive, in an amour
sufficient to pay the interest on SAT-
bonds as its accrues and to provide
| SINKING Iunu IOT Lnc HIldl TGUOIIlpIlOl
of said bonds at maturity. Said ia,
n shall be and is hereby ordered levied
- certified and extended upon the ia.
C rolls and collected by the same officer
in the same manner and at the sam
8. time as the taxes for general purpose
I. in each Of said years are certified an
10 extended and collected, and all fund
derived from said tax shall be place
re in said sinking fund. which, togethe
with all interest collected on the samt
shall be irrevocably pledged to tn
III payment Of the interest and principa
Of said bonds, when and as the sam
G shall fall due.
= Section VI That this ordinance
~ hereby declared to be an emergenc
1T measure, necessary for the immediat
l. preservation of the public peace. vel
" fare, health and safety. and as sue
" shall take effect and be in force fror
and after the earliest period above
ii by law. The necessity therefor arise
from the breaking down and wearin
out of the one and only fire engine be
II longing to said village OF Medlns
l. Ohio, which fact threatens said villag
and the inhabitants thereof with an en-
ID tire failure Of fire protection. mucn !
= the danger, inconvenience and detri
=; ment of the safety. peace and Welrar
~ of said inhabitants.
le Passed August 18th, 1918.
Is S. F. DIMMOCK. Mayor
T. Attest: w. P. Ainsworth. Clerk. =,
h1