The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1934-11-16
ORDINANCE No. 3455

Being an Ordinance to borrow money by lssu-
ing notes in anticipation of the collection OF
special assessments to pay the cost and ex-
pense of construction of cement sidewalks
curb and gutter, curb only, on various
streets and avenues in the City OF hamilton
Ohio said work being done during the year
1884.
RE TT ORDAINED by the Council of the
City of Hamilton Ohio two-thlrds OF all mem
bers elected thereto concurrlng:
SECTION l.: That it is deemed necessary to
borrow money in anticipation OF the coliectlon
of special assessments to pay the cost ana eX-
pense of construction of cement sidewalks, curp
and gutter, curb only, on various streets ana
avenues in the City of Hamilton, ONO, salo
work being done during the year 1884, as pro,
vided in Section No. 2293-24 of the Genera
Code of Ohio in the sum OF S5zi.oo, the esIi-
mated cost of said Improvement
SECTION II: That the City Manager ana
the Director of Finance of the CITY OF hamilc
ton Ohio shall issue notes in the amount OF
the monthly or semi-monthly estimates OF tne
Engineer on said Improvement, SAID notes shaii nan
bear interest at a rate not to exceed SIX lol
ner cent per annum, and shall be dated on the
date the estimate for the payment of which the
note is issued becomes due and payable, and
said notes shall be due and payable on OF
before two years from the date oil issue. oalu pa
notes shall express upon their face the purposes
for which they were issued, tnat tney We.e
issued in pursuance of this ordinance ana IN
accordance with Section 2293-24 OF the zen
eral Code of Ohio, and shall be signed by the
CIty Manager ana LNe DiIScUoi VI
of said City of Hamilton, Ohio, and sealed
with the corporate seal of said CITY
SECTION III That there shall be and is
hereby levied upon all of the taxable properly
in the City of Hamilton, Ohio, IN addltlon 10
all other taxes, direct tax annually not less
than that which would have been levied IL
bonds had been issued without the prior issue
of such notes Said taxes shall be and are
hereby ordered computed, certified, LEVIED and
extended upon the tax duplicate and collected
by the same officers, in the same manner, ana
at the same time that taxes for genera pur-
poses for each of said years are certlnea; eA-
tended and collected. Said taxes shall De
placed before, and in preference to all otner
items and for the full amount thereof; Inc
funds derived from said tax levles nereoy re-
quired shall be placed IN separate ana uis-
tinct fund which Sogether with the interest
collected on the shall be lrreVocaoly
pledged for the payment OF the prlncipai ana
interest of said notes or the bonds IN ahucipa-
ton of which they are issued when and as the
same fall due. Provided, however, that IN each
year assessments anticipated by said notes are
payable and are applicable to the payment OF
such interest and principal, and are appro-
priated for such purposes the amount OF
such tax shall be reduced by the amount OF
the assessment appropriated
SECTION ": That the proceeds arising
from the sale of said notes shall be placed
to the credit of the fund for the payment OF
said improvement and all unexpended balances
remaining in said fund after the cost ana ex-
pense of the improvement have been paid, ana
the proceeds of all bonds sold in anticipation
of the collection of deferred installments OF
assessments and all cash payments OF assess
ments shall be applied to the payment OF SAID
notes and interest thereon until both are fully
provided for.
SECTION W That the Director of Finance
be and ne is hereby authorized to issue his
warrant to the Treasurer in payment of SAID
monthly estimates for the cost of said improve
ment as they become due and payable.
SECTION w: This ordinance shall take
effect and be in force from and after the
earliest period allowed by law.
Passed. November Z, 1884
R. HI. BURKE, Mayor.
Attest: ADELE EDMONDS,
Clerk of Council.
Nov. 16-1t