The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-05-26
LEGAL Advertisements

the receipt Of taxes from which said interest
is TO be paid. Said bonds shall be designated
as Benninghofen Avenue. Corwin Avenue and
Chase Avenue Improvement Bonds Property
Owners Portion shall be in such denomina-
ton as determined by the Director of Finance
and Council; shall be dated June /. 1888; /;
shall draw interest at the rate of Az per
cent per annum, payable semi-annually on the
first day of June and December of each year
upon the presentation and surrender of inter
est coupons to be attached to said bonds,
tor of Finance; shall be due and payable as
follows sl,Ss675 December /, 1884, and
si,s60.00 on December lst in the years 1896
to 1943 both inclusive which maturities are
hereby determined to be in substantially equal
annual instalments.
Section II Said bonds shall be prepared by
the Director of Law. signed by the City Man
ager and the 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 they are issued pur.
suant 10 law and this ordinance: shall be pay.
able 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 mum.
bers as said Director of Finance and Council
termine
Section III: That upon the sale of said
bonds any premiums and the accrued inter
est realized therefrom shall be paid to the
from the sale of said bonds shall be placed
IN the City Treasury TO the credit of the
Benninghofen Avenue, Corwin Avenue and
Chase Avenue Special Assessment Bonds Fund
and shall be disbursed from said fund on
proper voucher in payment of the expense
OF the Improvement aforesaid and to the
payment OF the notes heretofore issued for
said purpose and the interest thereof. for
which purpose said money is hereby appro-
priated
Section ~: That all installments of said
70 md oil
with interest thereon, shall be applied 10 the
payment of said bonds and interest as the
same shall become due, and to no other pur-
Section v: That the faith, revenue and
credit of the City of Hamilton, Ohio, are
hereby pledged for the prompt payment of
both principal and interest of the bonds here
lnneiore described in accordance with the Laws
and Constitution of the State of Ohio
section vi: That for the purpose of pro-
vloing the necessary fund TO pay the interest
on the foregoing issue of bonds promptly
when and as the falls due and also
to create and maintain a fund sufficient to
discharge the said bonds at maturity, there
shall be and is hereby levied on all the tag
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 an amount sufficient to
provide fund TO pay interest upon said
bonds as and when the same fall due and
also TO provide for the discharge of the prin-
elpal OF said serial bonds at maturity. which
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
ana are applicable to the payment of such
interest and principal and are appropriated
iGr such purpose. the amount of such tax
snail be reduced by the amount of the as
sessments appropriated
That said tax shall be and is hereby ordered
computed, certified. levied and extended upon
the tax duplicate and collected by the same
oihcers, 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 full amount thereof All funds derived
from said levies hereby required shall be
placed in a separate and distinct fund which
together with all interest conerted on the same
snail be lrrevocably pledged for the payment
OF the interest and principal of said bonds
when and as the same fall due
Section VII: This ordinance shall take effect
and be IN force from and after the earliest
period allowed by law
Passed May II. 1888. R. H. BURKE. Mayor
Attest: ADELE EDMONDS Clerk of Council.
May 26-lt