Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1922-04-06
ORDINANCE

An. ordinance proYldIng Tor the Is
suance of bonds in the sum OF
$44,O00OO 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 its
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
ly 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 has certified to the council
that the maximum maturity of said
proposed bonds is twenty-five years;
Now, therefore,
Be 1t ordained by the Council of the
Village of Wauseon, State of Ohio,
See. /. That for the purpose of ex-
tending the time of payment of the
above mentioned Indebtedness in the
sum of $44,OO0.OO there be issued
/ bonds of said village in the sum of
$44, 10000,
Sec. 2. That said issue consist of
"A bonds of the denomination of
! 81 100000 each, numbered consecutive
/ ly from to "A inclusive, dated April
l, 1922, due and payable 100000 on
April 1 and 100000 on October l in
each of the years 1928 to 1914 inclu-
sive, and bear interest from the date
thereof at the rate of six per centum
per annum, payable semiannually,
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 at
the office of the Treasurer of said
village in Wauseon, Ohio, all as pro-
vided in said formal resolution.
Sec. 8. That said bonds shall be
signed by the Mayor and Clerk of
said Village, and have affixed thereto
the corporate seal of the village, and
the interest coupons attached thereto
shall be signed by said Clerk, or a
fac-simile of his signature shall be
printed or autographed thereon.
Sec. 4. That the Mayor and Clerk
are hereby authorized and directed to
execute said bonds as herein provid-
ed, therein pledging the faith, credit
and revenues of the village for the
payment of the principal and interest
thereof at maturity:
Sec. 5. That there shall be levied
and collected annually by taxation ar
J amount sufficient to pay the interesl
on said bonds, and to provide sink
, ing fund for their final redemption al
maturity, and for that purpose the
following tax is hereby levied for tht
several years designated:
For the year 1922, for Principa
S2,OOO.OO, tor interest $3,96O.00.
For the year 1923, tor Principa
100000, for Interest $2,520.0O.
ror the year 1924, for Principa
$2,Ot0.0O, for Interest $4,000.
For the year 1925, for Principa
100000, for Interest $2,280.00.
For the year 1926, for Principa
100000, for Interest $4,000.
For the year 1927, for Principa
IA 100000, for Interest $2,040.00.
4 For the year 1928, for Principa
100000, for Interest $1,920.00.
For the year 1929, for Principa
100000, for Interest $1,800.O0.
FOR the year 1880, for Principa
81, 10000, for Interest $1,6s0.00.
For the year 1881, for Principa
100000, for Interest $1,560.00.
For the year 1882, for Principa
$4,000, for Interest $1,440.00.
For the year 1888, for Principa
100000, for Interest $1,320.0O.
For the year 1884, for Principa
100000, for Interest $1,2o0.00.
For the year 1885, for Principa
, 100000, for Interest $1,080.00.
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
:. 100000, for Interest $4,000.
For the year 1889, for Principa
: 100000, tor Interest 100000.
/ For the year 1910, for Principa
. 100000, for Interest $480.00.
For the year 1941, for Principa
, 100000, for Interest $4,000
For the year 1912, for Principa
a $2,000.00, for Interest $4,000.
> For the year 1943, for Princpia
9 S2,000.00, for Interest $4,000.
, Sec. 6. That the clerk of counci
= be and he hereby is directed to cert
: fly this ordinance to the county audit
= or of Fulton County, that said Count
Auditor may, without further actio
), by the council, include said annua
levies in the appropriate annua
budgets submitted by him to tn
budget commissioners as provided b
l. law.
Sec. 7. That this ordinance TAX
: effect and be in force from and afte
the earliest period allowed by law.
s Passed April 5, 1922.
George Oakley,