The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1934-03-02

UNITED STATES OF AMERICA
EMERGENCY RESOLUTION NO. 1888

Authorizing the Federal Emergency Admins
tration of Public Works to change the de-
scription OF the security appearing in Part
l. Paragraph 2, Sub-paragraph (h) of the
loan agreement between the City of HamiI-
ton, Butler County, Ohio, and the United
H:,, atates OF America; n,n: and known as City of
Hamilton, Ohio, New Municipal City Hall
Building, P. w. A Docket Number 1871.
WHEREAS, The Council by Emergency Res
oiution No. 1885 passed by the Council of the
City of Hamilton, Ohio, on February Z, 1884,
accepted the grant, approved the loan agree
ment, and authorized and directed the City
Manager to execute said loan agreement with
the Federal Government under the provisions
of the National Industrial Recovery Act to
defray the expense of acquiring real estate
for new Municipal City Hall Building, to
erect a new Municipal City Hall Building to
be used Tor all municipal purposes, and to
furnish and equip the same P. w. A. Docket
No. 1871 and
WHEREAS, An examination of the loan
agreement between the City of Hamilton.
Ohio, and the United States of America ex-
eeuted in behalf of the City, discloses that
the description of the security appearing in
Part |, Paragraph 2, Sub-paragraph (h) of
the loan agreement is inaccuratey described
and
WHEREAS. The subject matter contained
herein constitutes an emergency in that it
provides for the immediate preservation of
public peace, property, health and safety of
the citizens of Hamilton; the reason for said
emergency is the immediate necessity to begin
work said project in order to provide nee
essary work for the unemployed, in accordance
with the purpose and spirit of the N l. r. A.
THEREFORE,, BE 1T RESOLVED by the
Council of the City of Hamilton, Ohio:
SECTION /: That the Federal Emergency
Administration of Public Works is authorized
and directed to change the description which
at present reads follows in Part l. Para
graph 2, Sub-paragraph (h) of the loan
agreement, to-wit:
Security. General obligations of the
Borrower payable as to both principal and
interest from ad valorum taxes that may
be levied without limit as to rate or
amount upon all the taxable property
within the territorial limits of the Bor-
rover"
Security. General obligations of the
Borrower payable as to both principal and
interest from ad valorum taxes which may
be levied upon all the taxable property
within the territorial limits of the Bor-
rover, within the limits imposed by law
tbeing not less than the Borrowers pro-
portion of the Constitutional limit of 10
mills upon each dollar of assessed valuation
of taxable property as determined by the
County Budget Commission), out of the
proceeds of which tax, debt service paw
ments are entitled to priority"
In the loan agreement between the City of
Hamilton, Ohio. and the United States of
America executed in behalf of the City of
Hamilton, Ohio, pursuant to Emergency Resol-
ton No. 1885 passed by the Council of the
City of Hamilton, Ohio, on February T. 1884
pertaining to p w. A. Docket No. 1871
City Of Hamilton, Ohio, Municipal City
Hall Building.
SECTION II: This resolution is hereby de-
clared to be an emergency measure and shall
go into effect Immediately upon its passage
Passed: February 81, 1884
r. H. BURKE, Mayor.
Attest: ADELE EDMONDS,
Clerk of Council