The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1921-07-28
AN ORDINANcE


AN ORDINANCE to issue bonds for
the purpose. OF paying the portion OF
the cost and expense assumed by the
Village of Medina, Ohio, for the i'm
provement of North Court Street from
the north line of Union Street to the
North Corporation Line by the State
Highway COMMISSIONER under author
ity heretofore granted for said purpose.
Whereas, the State Highway Commits
sioner is considering the matter of the
improvement under his supervision Of
the Public Highway known as Inter-
County Highway, No. 25 land whereas,
North Court Street, within this Village
lies in whole or in part along the line
of said Inter-County Highway, said
Street being more particularly describ-
ed as follows: Beginning on the North
line of Union Street and extending
thence in a nOrtherly direction along
the center line of North Court Street.
which is also Inter Co ?unty Highway
No. 25, Main Market Road No. 8, to the
North Corporation Line, a distance Of
seventeen hundred and six feet (1706)
and whereas, a copy Of the plans speci-
fications, profiles and estimates of said
Improvement have been duly filed with
the Village Council and duly approved
and whereas, the said Village Council
Medina. Ohio. have assumed and
agreed to pay portion Of the cost and
expense of said Improvement, estimat-
ed at $2379.00, Now, therefore,
Be it ordained by the Council of the
Village of Medina, Ohio, (three- -fourths
Of all members elected or appointed
thereto concurring). v
SEC. That it is deemed necessary
by the Council of the Village Of Ne
dina, State Of Ohio, to issue and sell
the bonds Of said Village in the sum
Of $2379o0. for the purpose of paying
that portion of the cost and expense as
sumed ana agreed to be paid BY the VIZ
ment Of North Court Street from the
North line or Union Street to the NORTH
Corporation line; said Improvement to
be made by the State Highway Com
missioner in accordanceF with the con-
sent and agreement Of the Village
SEC. r-That the bonds of said vii
lage shall be Issued In said sum and
for the aforesaid purpose: said bonds.
to be dated July LIST, 1891 and shall De
five (5) in number and in the denomi-
nation Of $500.09 each. excepting the
last. which shall be for the sum !. Of
$37s.oo, and shall be made due ana
payable, as follows: ..s. .q,.t1 "a '1'-s
I Bond No April 1. 1928
Bond No. 2--October. /, 1898
Bond No. 3--April /, 1924
! Bond No. 4-October 1, 1924
Bond No. 5--Anril i, 1926
SAID bonds shall each bear interest
at the rate Of six per cent (6 per cent?
per annunn. payable semilannually on
the first day OF April and October of
each year, evidenced BY coupons at
tached thereto: both interest and priri-
ciple to be payable at the Office Of the
Sinking Fund Trustees of said Village
SEC. III--Said bonds shall express
upon their face the. purpose for which
they are issued and that they are is
sued In pursuance Of this ordinance;
livered under the direction of the Fin
ance Committee Of Council and the vii
lage Clerk and shall be signed by the
Mayor and Village Clerk and sealed
with the corporate seal OF said Village;
and the interest coupons attached to
said bonds shall be executed by thS
lage Clerk with his signature thereto,