The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-06-02
Hamilton Ordinances
ORDINANCE No. s344

An ordinance to issue bonds in anticipation
~ the collection of Special Assessments Tor
the Improvement of Brough Avenue, from
Benninghofen to Van-Hook Avenue IN par. @
of Sub-district b. Lindenwald SANITARY sewer
District No L. in the City OF Hamilton oho'
nv constructing sanitary sewers, house con-
neetions manholes, lamphoies. hshtanks,
etc. where necessary
WHEREAS This Council has requested the
Director Of Finance TO issue his certlhcate a.
10 tho estimated life of the property assessed
ar the Improvement proposed TO be acquired
or constructed from the proceeds oil bonus
hereafter referred to; and
WHEREAS The Director OF finance mas
ort;eed to this Council the estimated lie oil
said Improvement as rs years and has iurther
certified the maximum maturity OF tne 9o"'9
hereinafter provided for as 70 years anu NJ
WHEREAS This Council estimates tiial d
tav for said bonds will first appear on the
duplicate for the tax year 1893, ana that .ne
6nal tax settlement with the County Treas
urer next following the inclusion ol 80 a.,
this issue in the annual budget by the oouhly
Auditor as provided by law, viii be ootalheu
not earlier than the 18th day OF September
1884.
NOW THEREFORE BE TT ORDAINED by
the Council of the City of Hamilton. State OF
Ohio:
caction !. That for the purpose of raising
money In anticipation Of the COLLECTION OF
special assessments for the lmproVeihesie ", % %
Brouvh Avenue, from Benninghoten Avenue
n
p Iindenwald Sanitary Sewer District no. l.
In the City Of Hamilton. Ohio, by constfuellng onstilgs
sanitary sewers, house connections, Hiahhole9
lamphoes. fushtanks. etc where ;s ~
bonds of said City shall be ISSUED III III.
amount of S2l63.30. Included IN said amount
IS, the sum of $4S.67 for interest maturing pie pd
vious to the receipt of taxes from wneh salu
interest is to be paid. Said bonds shal pe oe9
;,,nated as Brough Avenue Improvement Bonus
prnnerty Owners Portion shall be IN sucn
denomination as determined by the Director o.
Finance and Council, shall De oateu 'u ~
1e33. shall draw interest at the rate Oh 412
NOR cent per annum, payable semi-annuaily on
the first day of June and December " eA| ~
vear upon the presentation ana suIre,ioe
;nterest coupons TO be attached TO salo Dohus'
bearing the facsimile signature OF the IN plrees &c
tor of Finance: shall be due ana payaple az
follows: S2l9.30 on December /, l994, az ~
s2l6 90 on December lst IN the years 900 ~ "
yotS both inclusive which maturitles are
harebv determined to be in substantially equal
Sact;on II: Said bonds shall be prepared by
the Director of Law. signed Dy the ivy saaiad
Nth the City Seal and recorded IN the olhce
of the Sinking Fund Trustees snali exp eApres ess
mon their face the purpose Tor "hlch theS aAe
;ssued and the fact that they are issued puI-
sran+ TO law and this ordinance, shal pe
navbale both principal and interest,", at ene ..
offce of the Director of Finance OF the olIy oyy
of Hamilton. Ohio. shall De issuea of aTI Finanre
and Council and shall bear such cohsecuCiSS, =
numhers as said Director of Finance ana
Council. or the proper officers oil the Guy
may determine. IA
Saction III: That upon the sale OF salo
honds any premiums and the accrued ihteresI
realized therefrom shall be paid TO the 9ilAl ,.l
ing Fund Trustees. The par va vaiue red,aae aiaeed
in the CITY Treasury TO the credit OF the
Broolgh Avenue Special Assessment bohus s
Fund and shall be disbursed from saiu iuhu
on proper vouchers in payment OF the eA-
oansa az the Improvement aforesaid and TO the
navment of the notes heretofore issued lor
said purposes and the interest thereol, lui
which purpose said money is hereby appro
priated. :,
cac,;on ". That all installments of said
asseesments and all portions thereof, togethef
with interest thereon. shall be appneu 10 ti .ne
payment of said bonds and interest as .ne
same shall become due, and to no other pur-
pose whatsoever
Section V; That the faith. revenue and
orsdit Of the City of Hamilton. Ohio, are
hereby pledged for the prompt paymehe ~ "
hoth principal and interest and OF the ponus
bereinbefore described in accordance with the
aus and Constitution of the State OF ONO
Section vi: That for the purpose OF pro-
yiding the necessary fund TO pay the lli.eie go.
en- the foregoing issue OF ponos promptly VT. VIZ,
ond ne the same falls due. and also to create
end maintain a fund sufficient TO discharge tne
said bonds at maturity, there shali pe anu -
hereby levied on all the taxable property OF
the CITY of Hamilton. Ohio, in addition 10 al
ther taxes a direct tax annually during the
nariod for which said bonds are to run IN
an amount sufficient to provide fund to pay
interest upon said bonds as and when the
aama fall due and also to provide for the
discharge of the principal of said serial ponds
at maturity which tax shall not be less than
the interest and Sinking Fund tax, reauireu
by Section II of Article XII OF the Cohsti1u'
t;on. Provided. however, that in each year
that the assessments anticipated by said pohus
are PAYABLE and are applicable to the pay
ment of such interest and principal ana are
concentrated for such purpose, the amount o.
such tax shall be reduced by the amount OIL the
assessment appropriated.
That said tax shall be and IS hereby
ordered computed certified. levied ana ex
tended upon the tax duplicate and collected D,
the same officers, in the same manner AM
ot the same time that the taxes for genera
nurposes for each of said years are certned
attended and collected. Said tax snail
niaced before and in preference to all othe
items. and for the full amount thereof. Al
! funds derived from said ievies hereby requires
| shall be placed in separate ana uistinc
| fund from which together with all interes
| collected on the same shall be irrevocapi
/ nIedged for the payment of the interest an
principal of said bonds when and as Tn
| same fall due.
Section VII: This ordinance shall take enes
/ and be in force from and after the carries
neriod allowed by law.
| passed May II, 1888. r. II. BURKE. Mayor
Attest; ADELE EDMONDS Clerk of Counci
/ May 26-2t