The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1934-05-25

EMERGENCY ORDINANCE No. 1895
To re-enact Emergency Ordinance No. 339S
passed by the Council of the City OF Ham
ilton Ohio, on November 20, 1888, providing
for the issue of bonds of the City of Hamli-
ton, Ohio, in the sum of $425,OoO, for the
purpose of raising money to provide the
necessary funds to pay the cost and expense
of acquiring real estate for new Munich
pal City Hall Building, to erect new
Municipal City Hall Building to be used
for all municipal purposes and to furnish rms!
and equip the same, and repeating OrdI-
nance No 1864 passed by the Council OF
the City of Hamilton, Ohio, on June 2S,
1888.
WHEREAS, The subject matter. contained
herein constitutes emergency IN that IL
provides for the immediate preservation OF the
public peace, property, health and safety OF
the citizens of Hamilton; the reason for SAID
emergency is the immediate necessity to pro-
vide funds to enable the City of Hamilton
to participate in the federal work rellef pro-
gram, and to receive the benefits OF grants from
the federal government IN accoIaanee D Will
Act" and to make it possible for the City Oh
Hamilton to provide work for the unemployed
it is necessary that this legislation go into
immediate effect; and
WHEREAS, 1t is deemed expedient and for
the public good to purchase additional ground
for site for a new Municipal City Building,
and to construct, equip and furnish new
Municipal City Hall Building IN the City OF
Hamilton, Ohio; and
| WHEREAS, By the provisions of said Ma
| tional Industrial Recovery Act financial AID
| is offered by the government of the United
| States to municipalities for the making OF
grants not to exceed 30 per cent OF the cost
| of the labor and material employed upor
municipal improvement projects, and by max
| ing loans to such municipalities TO pay the
| balance of the cost of such projects, under
certain conditions, restrictions and agree
ments in said act contained or promulgated
under the authority of and pursuant to the
provisions of said acts and
| af fIa n1
Hamilton Ohio, has determined that the cost
of acquiring additional real estate to be usec
| as a site for the new Municipal City Hal
will be approximately S120,000; that the cos'
of erecting said building, exclusive of an,
| grant from the federal government, Will pt
S277 900. and that the cost of furnishing ane
| equiping the same, exclusive OF any gran
| from the federal government, will be S2o,ooo
| and
WHEREAS, The Council has requested th
Director of Finance to issue his certlhcat
| as to the estimated life of the property, assets
or improvement proposed to be acquired o
constructed, and the proceeds of the bond
hereinafter referred to, and the Director o
Finance has certified to TINS Counel sue c
has further certified the maximum matur1t
of such bonds as determined by the weighte
average as 25 years.
NOW THEREFORE, BE 1T ORDAINED
two-thrds of all members elected thereto con
curing:
SECTION I: 1t is hereby deemed necessar
by the Council of the City of Hamilton, Chic
to issue and sell bonds of said City in tn
sum of 5000, for the purpose of raisin
money to provide the necessary funds to pa
the cost and expense of acquiring real estat
! for a new Municipal City Hall Building,
erect a new Municipal City Hall Building.
be used for all municipal purposes. and to fun
nish and equip the same, in excess of sue
grant as may be made to the City of Hami
ton, Ohio, under the provisions of the ''Ns
| tional Industrial Recovery Act and also fC
the purpose of providing fund to pay til
interest accruing on said bonds previous
the receipt of taxes from which interest
to be ultimately paid.
! SECTION II: 1t is hereby determined
proceed with the issue of said bonds in one Il
and without issuing notes in anticipation
the issue of said bonds.
SECTION III: That serial bonds of Il
City of Hamilton, Ohio, shall be issued in tt
sum of $425, 900, which amount includes tt
, sum for interest maturing on said bonds pr
vious to the receipt of taxes from whi.
such interest is to be ultimately paid for Il