The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-06-02
ORDINANCE No. aa4a


To issue bonds in anticipation of the collection
of Special Assessments for the improve
bent of:
Hunt Avenue. from Kenworth Avenue to
Lawson Avenue,
Central Avenue. from Long Street north:
North side of Long Street, from Central
Avenue west, and,
North Second Street at House No. s55.
in accordance with Resolutions No. 1880. 1851
and 7273-A heretofore passed by the Council
OF the City of Hamilton, Ohio. by construct
ing concrete sidewalks, concrete curb and gut
ter. and doing the necessary grading to be
paid for in whole or by special assessments.
WHEREAS, This Council has requested the
Director of Finance to issue his certificate as
to the estimated life of the property assessed
or the Improvement proposed To be acquired
constructed from the proceeds of the bonds
hereinafter referred to. the Director of Finance
has certified to this Council such estimated
life ten years and has further certified
the maximum maturity of such bonds as five
years and
WHEREAS. This Council estimates that a
tax for said bonds will first appear upon the
duplicate for the tax year 1888, and that final
tax settlement with the County Auditor next
following the inclusion of a tax for this issue
in the annual budget by the County Auditor
as provided by law will be obtained not
earlier than the first day of September, 1884
BE IT ORDAINED by the Council of the
City Of Hamilton, Ohio, two-thirds of the
members thereof concurring
Section Il: That for the purpose of raising
money in anticipation of the collection of spe-
cial assessments for the Improvement of
Hunt Avenue. from Kenworth Avenue TO
Lawson Avenue
Central Avenue, from Long Street north,
North side of Long Street from Central
Avenue west. and,
North Second Street at House No. S55,
in the City of Hamilton, Ohio. by constructing
concrete sidewalks. concrete curb and gutter.
and doing the necessary grading, to be paid
for in whole by special assessments, bonds of
said city shall be issued in the amount of
Inc dad in il he
OF S26I for interest maturing previous to re-
ceipt of taxes from which said interest is to
be paid Said bonds shall be in such denomi-
nation determined by the Director OF
Finance and Council shall be dated June /.
1888 and shall be due and payable s24f.3l on
December /. 1894 $4,000 on December lst in
the years 1885 to 1888 both inclusive, and
shall draw interest at the rate OF 4l2 per cent
per annum. payable on June lst and Decem-
Der lst of each year, upon presentation and
surrender of interest coupons to be attached
to said bonds bearing the facsimile signature
of the Director of Finance
Section If: Said bonds shall be prepared
10y the Director of Law, signed by the City
Manager and Director of Finance, sealed with
the City Seal and recorded in the office of the
Sinking Fund Trustees shall express upon
their face the purpose for which they are
issued and the fact that are issued pursuant
to law and this ordinance; shall be payable,
both principal and interest at the office of the
Director of Finance of the City of Hamilton.
Ohio shall be issued and sold under the
direction oil the Director OF FINANCE ana Soun-
ell and shall bear such consecutive numbers
as said Director of Finance and Council. or
the proper officers of the City may determine.
Section III: That upon the sale of said
bonds any premiums and the accrued interest
realized therefrom shall be paid TO the Sinking
Fund Trustees. The par value realized from
the sale of said bonds shall be placed in the City
Treasury to the credit of the Sidewalk I'M
provement Fund and shall be disbursed from
said fund on proper vouchers in payment OF
the expense of the Improvement aforesaid and
to the payment of the notes heretofore issued
for said purpose and the interest thereon, for
which purpose said money is hereby appro-
priated.
Section ~: That all nstallments of said
assessments and all portions thereof. together
with interest," thereon, shall be applied to the
payment of said bonds and interest as the
same shall become due, and to no other pur-
pose whatsoever.
Section V: That the faith revenue and
credit of the City of Hamilton. Ohio, are
both principal and interest of the bonds herein
before described in accordance with the Laws
and Constitution of the State of Ohio.
Section VI: That for the purpose OF pro-
viding lie necessary fund to pay the interest
on the foregoing issue of bonds promptly when
and as The same fall due. and also to create
and maintain sinking fund sufficient TO
discharge the said bonds at maturity, there
shall be and is hereby levied on all the tax
able property of the City of Hamilton, Ohio,
in addition to all other taxes, direct tax
annually during the period for which said
bonds are to run in amount sufficient to
provide a fund for the discharge of the prin-
cipa of said serial bonds at maturity, which
tax shall not be less than the interest and
Sinking Fund tax required by Section ii of
Article XII of the Constitution. Provided
however, that in each year that the assess
ments anticipated by said bonds are payable
and are applicable TO the payment of such
interest and principal and are appropriated for
such purpose, the amount of such tax shall be
reduced by the amount of the assessment SO
| appropriated.
! That said tax shall be and is hereby order
| ed computed certified, levied and extended
upon the tax duplicate and collected by the
same officers, in the same manner and at the
| same time that the taxes for general purposes
/ for each of said years are certified, extended
and collected. Said tax shall be placed before
and in preference to all other items. and fol-
the full amount thereof. All funds derived
| from said levies hereby required shall bt
placed in separate and distinct fund which
together with all interest collected on th'
same shall be irrevocably pledged for th'
payment of the interest and principal o
said bonds when and the same fall due.
Section VII: This ordinance shall TAX
effect and be in force from and after tn
earliest period allowed by law.
Passed: May IT, 1888. r. H. BURKE, Mayor
Attest: ADELE EDMONDS Clerk of Council
May 262t
ORDINANCE No. 3343