The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-07-14


oct her Of each year. evioenced by
c,Ipors attached thereto; both inter-
est and principal To be payable at the
o1ic" Of the Striking Fund Trustees Of
sasa SEC. "iafe. Iff&said Bonds shall express
upon their face the purpose for which
they are issued and that they are issu-
ed in pursuance of this ordinance; they
shall be prepared, issued and delivered
under tiic direction Of the Finance Com
mittee of Council and the Village Clerk,
and shall BIZ signed by the Mayor and
Village Ciei ktand seq led with the cor
porata seal of said Village; and the in
terest coupons attached to said bonds
shall be executed by the Village Clerk
With his signature Il eTeto. or he shall
have his signature printed or litho-
graphed thc1 con-
SEC. IV--Said bonds shall be first
offered at par and accrued interest to
the Trustees Of the Sinking Fund Of
|lsaid Village in their official capacity,
and IL said Sinking Fund Trustees re-
fuse to take any or all of said bonds at
par and, intrest, then said bonds not so
taken shall be offered at par and ac-
crued interest to the Board Of Com
missioners Of the Sinking Fund of the
Village School District and If said lat
ter Board refuses to take any or all of
said bonds, then said bonds not so TAX
en- shall, be offered in manner and form
Commission of the State of Ohio, and
if not purchased by any Of said Boards,
such OF said bonds as are. not taken
shall be advertised for public sale and
sold in the manner provided bylaw, but
not for less than their par value and
accrued interest. as
SEC V--The proceeds from the sale
of said bonds, except the premiums and
| accrued interest thereon, shall be plac-
ed in the Village Treasury to the cred
| 1T OF the Villages Portion of said
| Street Improvement Funds, and shall
| be disbursed upon proper vouchers for
| the purpose Of paying the portion Of
! the costs and expenses Of said named
street improvements not heretofore
provided for by special assessments,
| and for no other purpose; and the prem
iums and accrued Interest received
! the Trustees of the Sinking Fund to- be
| applied by them in the manner provided
SEC. VI-That to provide q Sinking
Fund for the final redemption at ma
turity Of thee. bonds herein authorized,
4 becomes due, there. shall be and there
is hereby ordered levied upon all the
A taxable property of said Village in adj
dition to all other taxes. direct tax
annually during the years 1921 to i929
\ both inclusive ,in an amount sumiciens
iit accrues and to provide a sinking
4 fund for the final redemption Of said
y bonds at maturity. Said tax shall be
Y and is hereby ordered levied, certified
and extended upon the tax rolls and
\ collected by the Nsame officers In the
same manner and ct. the same time as
1.-The taxes for general purposes in each
4 ~ said years are certified, extended and
collected, and all funds derived from
said tax shall be placed IN said sinking
fund, which together with all Interest
\ collected on the same, shall he irrevoc-
ABLY pledged to the payment Of the In
ferest and principal OF said bonds. when
/. ana al, the same shall fall due.
5Esf Sji1(j. VII " Ii FriIiis ordinance shall take
+ effect and be An force from ana after
n, PASSED; July 12th, 1921. Nix AI.5
a II. n. HARTzOGG sS
III Z n III III Il Mayor
Attest: wv. r.. Ainsworth ss
1,s1v 1Afh and II A. X 5