The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-06-16
Ie$aI Advertisements

ell approving the award thereof Said bonds
shall be due and payable follows $3.50 90
on January in each of the years from 1884
to 1883 both inclusive. which maturites are
hereby determined to be in substantially equal
annual installments.
Section W: Said bonds shall be prepared
by the Director of Law, signed by the City
Manager and the 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 said Director of Finance and
Council. the proper officers of the City
may determine.
Section W That the proceeds of the sale OF
said bonds, except the premiums and accrued
interest thereof. shall be placed in the City
Treasury to the credit of North Third Street
Bridge Fund. and shall be dsbursed upon
proper vouchers for the purpose of paying
the cost and expense of constructing a bridge
over the tail race on North Third street. at
or near the north corporation line 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 said sale shall be trans
| ferred to the Trustees of the Sinking Fund to
| be applied by them in the manner provided
| by lew.
Section VI: That the faith. and
credit of the City of Hamilton Ohio, are
| hereby pledged for the prompt payment OF
both principal and interest of the bonds here
inbefore described in accordance with the laws
| and constitution of the State of Ohio.
| Section VII: That for the purpose of pro-
viding the necessary funds to pay the interest
on the foregoing issue of bonds promptly when
and as the same fall due, and also to create
and maintain fund sufficient to discharge
the said serial bonds at maturity. there shall
| be and is hereby levied all the taxable
property of the City of Hamilton Ohio in
addition TO all other taxes a direct tax an
nually during the period for which said bonds
are to run, in an amount sufficient to pro-
vide funds to pay interest upon said bonds as
and when the fall due and also to
provide fund for the discharge of the prin-
cipal of said serial bonds at maturity, which
tax shall not be less than the interest and
| Sinking Fund tax required by Section III
| Article XII, of the Constitution.
| That said tax shall be, and is hereby ordered
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 fol
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 tax levies hereby
required. shall be placed in separate and
distinct fund, which together with all interest
4
pledged for the payment of the interest and
principal of the said bonds when and as the
same fall due.
| Section VIII: That said bonds shall be frs,
offered at par and accrued interest to the
Trustees of the Sinking Fund in their official
capacity, and if said trustees refuse to take
any 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 advertise.
ment shaH state that any one desiring to dc
so may present bid bids for such bonds
upon their bearing different rate of inter
est than hereinbefore fixed provided, how
| ever that where fractional interest rate il
| bid, such fraction shall be one-quarter of one
per cent. or multiples thereof: the proceed:
| from the sale of said bonds, except the pre-
MUM and accrued interest thereof and tn,
amount of said bonds issued for interest shall
be used for the purpose aforesaid and for nc
| other purpose the premium and accrued in
| terest received from such sale and the amour,
| of said bonds issued for interest shall be trans
| ferred to the Trustees of the Sinking Fund tt
| be applied by them in the payment of tn,
| principal and interest of said bonds in tn,
manner provided by law.
Section TX: This ordinance shall take effec
| and be In force and effect from and aftel
the earliest period allowed by the Charter O.
the City of Hamilton, Ohio
/ Passed. June 7, 1888 r. III. BURKE, Mayor
Attest ADELE EDMONDS, Clerk of Council
] June l6-lt