Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1922-04-13
ORDINANCE

ORDINANCE
An ordinance providing for the is
snance of bonds in the sum of
$44, 100000 for the purpose of extend
ing the time of payment of an in
debtedness Of the Village of Wau-
seon in that amount, which, from it's
limits of taxation, said village is un-
able to pay at maturity.
Whereas the Village of Wauseon
has an outstanding indebtedness in
the sum Of $44 100000 heretofore legal
~ incurred, and which, from its
limits of taxation, said village is un-
able to pay at maturity; and
Whereas the council by formal re-
solution has declared and determined
and does hereby declare and deter
mine, that said Indebtedness is an
existing, valid and binding obligation
of said municipal corporation; and
Whereas it appears to the council
for the best interest of the corporation
to issue bonds of the corporation for
the purpose of extending the time of
payment of said Indebtedness; and
Whereas the fiscal officer of the
village mas certified to the council
tnat the maximum maturity of said
proposed bonds is twenty-five years;
Now, therefore,
Be II ordained by the Council of the
Village of Wauseon, State of Ohio
+ Seu. /. That for the purpose of ex-
tending the time of payment of the
above mentioned Indebtedness in the
sum of $44,00000 there be issued
bonds of said village in the sum OF
$44, 4,0U0.00.
J Sec. 2. That said issue consist OF
A bonds Of the denomination OF
100000 each, numbered consecutive.
/ ly from l to "A inclusive, dated April
l, 1922, due and payable $1,0O0.0O on
April 1 and $1,000.00 on October l in
each of the years 1928 to 1914 inelu.
sive, and bear interest from the date
thereof at the rate of six per centum
per annum, payable semi-annually
on the first day of April and October
in each year, the several installments
Of interest to be evidenced by coupons
attached to said bonds, and both prin.
cipal and interest shall be payable al
the office of the Treasurer of sale
village in Wauseon, Ohio, all as pro.
vided in said formal resolution.
See. 3. IhaC SAID bonds shall bt
Signed by The Mayor and CLERK ol
sa4u Village, anu nave anlXed thereto
Lne corpUre. Ue seal oI the village, anC
iLne interest couponS attached JneretC
snail be signe0 ny saId CLERK, or Z
fac-simile OF his signature snail bt
printed or Autographed thereon.
sec. A. mat The Mayor and Clerl
are hereby authorized and directed tt
execute SAID bonus as herein provid
ed, therein pledglng the faith, credI
and revenues Oh the village Tor tn,
payment of the principal and interes
thereof at maturity:
sec. 5. 1nat there shall be levieC
ana collected annually Dy taxation al
amount sulrIclenL TO pay the mteres
ON saId Donds, and to proVIde Sink
ing Iund IOr tneIr final redemption d
maturity, ana Tor tnat purpose tnt
following tax Is hereby levied Tor III,
seVeraI years desIgnaCed:
FOR the year 1877, Tor Principa
\ S2,UUU.UU, Tor interest $3,y60.0O.
ror the year 1878, Tor Principa
92,UUO-UU, for Interest $2,520.0U.
FOR the year 1924, tor Principa
;, $2,OUO.OO, tor Interest $4,000.
ror the year 1925, for Principa
$2,U00.0O, for Interest $2,260OO.
FOR the year 1926, Tor Principa
100000, for Interest $4,000.
For the year 1927, for Principa
100000, for Interest $2,O4O.OO.
For the year 1928, for Principa
:, $2,OO0.00, for Interest $1,92OOO.
For the year 1929, for Principa
$2,UOO.OO, for Interest $l,800.OO,
For the year 1880, for Principa
|. 100000, for Interest $1,68000.
For the year 1881, for Principa
!. 100000, for Interest $1,5600O.
For the year 1882, for Principa
$2,OOO.0O, for Interest $1,44O.OO.
For the year 1888, for Principa
100000, for Interest $1,32O.OO.
, For the year 1884, for Principa
| 100000, for Interest 81 10000.
: For the year 1885, for Principa
100000, for Interest $1,O8O.OO.
, For the year 1886, for Principa
{ 100000, for Interest $4,000.
: For the year 1887, for Principa
: 100000, for Interest $4,000.
} For the year 1888, for Principa
q 100000, for Interest $4,000.
For the year 1889, for Principa
l 100000, for Interest $6OO.O0.
: For the year 1910, for Principa
100000, for Interest $48O.OO.
For the year 1941, for Principa
100000, for Interest $4,000.
For the year 1912, for Principa
$2,OOO0O, for Interest $4,000.
For the year 1943, for Princpia
: $2,OOO.00, for Interest $4,000.
| Sec. 6. That the clerk of counci
= be and he hereby is directed to certi
e fly this ordinance to the county audit
$ or of Fulton County, that said Count,
=, Auditor may, without further actioj
, by the council, include said annua
levies in the appropriate annua
budgets submitted by him to tn
= budget commissioners as provided b
e law.
Sec. 7. That this ordinance tax
: effect and be in force from and afte
Q the earliest period allowed by law:
Passed April 5, 1922.
: e. George Oakley,
Mayor