The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-04-14
Legal Advertisements

le43. which maturities are hereby determined
to be in substantially equal annual Install
ments.
SECTION " Said bonds shall be prepared
by 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 Commission shall express
upon their face the purpose for which they
are issued and the fact that they 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 of the Director of Finance
and Council and shall bear such consecutive
numbers as the Director of Finance and Coun-
ell or the proper officers of the City may
determine
SECTION V: That the proceeds of the sale
OF sad bonds, except the premiums and
accrued interest thereon, shall be placed in
the City treasury to the credit of the Sewer
Improvement Fund, and shall be distributed
upon proper voucher for the purpose of paying
the cost and expense of constructing sewers
ana drains IN the City of Hamilton. Ohio.
and for no other purpose. for which purpose
said money is hereby appropriated, and the
premiums and accrued interest from the sale
shall be transferred to the trustees of the
Sinking Fund to be applied by them in the
manner provided by law.
SECTION VI: That the faith. revenue and
credit of the City of Hamilton, Ohio, are
hereby pledged for the prompt payment of
inbefore described, in accordance with the laws
and constitution of Ohio
SECTION VII: That for the purpose of
providing the necessary funds to pay the inter-
est on the foregoing issue of bonds promptly
when and as the same fall due, and also to
create and maintain fund sufficient TO dis
charge said bonds at maturity there shall be
and is hereby levied all the taxable prop
erty 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
an amount sufficient to provide funds to pay
interest upon said bonds as and when the
same fail due, and also to provide fund for
the discharge of the principal of said serial
bonds at maturity, which tax shall be not
less than the interest and Sinking Fund tax
required by Section 2, Article IL of the Con-
stltution. Said tax is hereby ordered COM
puted. certified, levied and extended upon the
tax duplicate and collected by the same off,
GERS, 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 for the
iuil amount thereof. All funds derived from
said tax levy hereby required shall be placed
| In separate and distinct fund which together
with all interest collected on the same shall
be irrevocaby pledged for the interest and
principal Of the bonds when and as the same
fall due.
SECTION VIII; That said bonds shall be
hrst offered at par and accrued interest to the
Sinking Fund Commissioners in their official
SapdSiey, anu II Sucn trustees refuse to take
any or all of said bonds then said bonds not
so taken shall be advertised for public sale
and sold in the manner provided by law
under the direction of the Director of Finance
and Council, but not for less than their par
value and accrued interest. The bond sale
advertisement shall state that anyone desiring
to do so may present bid or bids for such
bonds based upon their bearing a different
rate of interest than hereinbefore fixed pro-
vided however, that where a fractional inter.
est rate is bid such fraction shall be one.
quarter of one per cent. or multiples thereof
| The proceeds from the sale of said bonds
| except the preraium and accrued interest there.
| on and the amount of said bonds issued for
interest, shall be used for the purpose afore.
said and for no other purpose. The premium
| and accrued interest received from such sale
| and the amount of said bonds issued fo,
| interest shall be transferred to the trustees
of the Sinking Fund to be applied by them
| in the payment of the principal and interest
| of said bonds in the manner provided by law
! SECTION TX: This ordinance shall take
| effect and be in full force and effect from
and after the earliest period allowed by the
charter of the City of Hamilton, Ohio
r. H. BURKE. Mayor
/ Passed April 5. 1898.
Attest: ADELE EDMoNDs.
Clerk of Council
! Apr l4-1t Fri