The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1933-06-02
Legal Advertisements

from Clinton Avenue 10 the south corpora
ton, COrwin Avenue, from Pleasant Avenue
TO Fan-Hook Avenue, and Chase Avenue,
from Benninghofen Avenue TO Vsn-Hoak
Avenue. in part of sub-district A. Linden.
waid Sanitary Sewer District No. L. by ths
construction of Sanitary Sewers.
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 or
contructed from the proceeds of bonds here
after referred to and
WHEREAS, The Director of Finance has
certified to this Council the estimated life of
said improvement rs years and has further
certified the maximum maturity of the bonds
hereinafter provided for rs years ; and
WHEREAS. This Council estimates that
tax Tor said bonds will first appear the
duplicate for the tax year 1888, and that the
final tax settlement with the County Treas
urer next following the inclusion of tax for
this issue in the annual budget by the County
Auditor, as provided by law. will be obtained
not earlier than the 18th day of September
1884:
NOW THEREFORE BE IT ORDAINED by
the Council OF the City of Hamilton. State
of Ohio:
Section L: That for the purpose of raising
money in anticipation of the collection of
special assessments for the improvement of
Benninghofen Avenue, from Clinton Avenue
TO the south corporation. Corwin Avenue from
Chase Avenue from Benninghofen Avenue to
Van-Hook Avenue, in part of Sub-district A,
Lindenwald Sanitary Sewer District No. l. by
the construction OF sanitary sewers, bonds
of said city shall be issued in the amount of
$lS.636.75. Included in said amount is the sum
of S4ls.33 for interest maturing previous to
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-
tion 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 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.
bearing the facsimile signature of the Direc-
tor of Finance; shall be due and payable as
follows Sl.s96.75 December l. 1884 and
Sl,s6O.0O on December lst in the years 1885
to l943 both inclusive. which maturities are
hereby determined TO be in substantially equal
annual installments.
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
issued and the fact that they issued pur-
suant to 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 num-
bers as said Director of Finance and Council
or the proper officers of the City may de-
termine.
Section III: That upon the sale of said
bonds any premiums and the accrued inter
est 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
BenninRhofen Avenue. Corwin Avenue and
Chase Avenue Special Assessment Bonds Fund
and shall be disbursed from said fund
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
| 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
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 VI: That for the purpose of pro
viding the necessary fund to pay the interest
on the foregoing issue of bonds promptly
when and 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 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 an amount sufficient TO
provide fund TO pay interest upon said
bonds and when the same fall due and
also to provide 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 IL of
| Article XII of the Constitution Provided
| however. that in each year that the assess
| ments anticipated by said bonds are payable
| and applicable to the payment of such
| interest ana principal and are appropriated
| for such purpose the amount of such tax
| shall 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
same time that the taxes for general purposes
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 separate and distinct fund which
together with all interest collected on the same
shall be irrevocaby pledged for the payment
of the interest and principal of said bonds
when and the 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. K. H. BURKE. Mayor,
4 A,+ast. AnEI X EDMoNnS Clark of ronnc;i