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

purpose aforesaid. Each of said bonds shall be
dated January 1, 1884 and shall bear interest
at the rate of four per cent, payable semi
annually on the first day of April and October
of each year until the principal sum is paid.
That said bonds shall mature as follows II
bonds in denomination of $1,000 each on Octo-
ber 1st of each year from 1885 to 1859, both
inclusive, which matUrities hereby deter
mined to be in substantially equal annual
installments. The principal and interest of
said bonds shall be payable at the office of the
Treasurer of the City of Hamilton, Ohio, or
at such place as may be designated by the
United States of America, the proper in
strumentality thereof, the purchaser of said
bonds. Said serial bonds shall bear such con-
secutive numbers the Director of Finance
or the proper officer of the City, shall deter
mine, and shall be sold to the Federal Emer-
gency Administration of Public Works of the
United States of America without offering to
competitive bidding. in the event the Sinking
Fund Trustees refuse to take the same. but
in all other respects shall be issued, executed
, and disposed of in accordance with the gen.
| eral laws of the State of Ohio, particularly
| the Uniform Bond Act of the General Code
| of Ohio.
| SECTION ": Said bonds shall express
| upon their face the purpose for which they
are issued that they issued in pursuance
| of this ordinance and shall be signed by the
City Manager and the Director of Finance,
| and sealed with the corporate seal of said
City. The interest coupons attached to said
| bonds shall bear the facsimile signature of
| the Director of Finance
|
| of said bonds except the sum included in the
amount of the issue to the extent necessary
| to provide fund for the payment of the
| interest accruing on said bonds previous to
| the receipt of taxes from which such interest is
| to be ultimately paid and the premium and
| accrued interest thereon, shall be credited
| to the funds for the purpose of paying the
| cost and expense of the improvement as set
| forth in Section l of this ordinance, and for
| no other purpose, and shall be disbursed upon
| proper vouchers for the purpose of paying the
| cost and O
a new Municipal City Hall Building, erect
ing new Municipal City Hall Building and
| furnishing and equppng the same, for which
purpose said money is hereby appropriated.
| SECTION VI: For the purpose of providing
the necessary funds to pay the interest on the
FOREGOING issue of bonds promptly when and
fund sufficient to discharge the said serial
bonds at maturity, there shall be and is here
by levied upon all of the taxable property of
the City of Hamilton, Ohio, direct tax an
nually during the period of the time such
bonds are to run, in an amount sufficient to
provide funds to pay the interest upon said
bonds as and when the same falls due and
also to provide fund for the discharge of
the principal of said serial bonds at maturity,
which taxes shall not be less than the inter-
est and sinking fund tax required by Section
ii, Article XII of the Constitution of Ohio.
Said tax shall be and is hereby ordered COM
puted and certified, levied and extended upon
the tax duplicate, collected by the same Off
cials in the same manner and at the same
time as the taxes for general purposes for each
of said years are certified extended and col
lected Said tax shall be placed before and in
preference to all items and for the full amount
thereof. The funds derived from said tax levy
hereby required shall be placed in separate
and distinct fund which together with the
, interest collected on same shall be irrevocably
pledged for the payment of principal and in
terest said bonds when and as the same
: fall due.
SECTION VII: Ordinance No. 1864 passed
by Council of the City of Hamilton, Ohio
! on June %, 1885, be and the same is hereby
repealed.
SECTION VIII: The Clerk of Council Il
hereby directed to forward a certified copy
2 of this ordinance to the County Auditor.
/, SECTION TX: This ordinance is hereby de
clared to be an emergency measure and shall
go into effect Immediately upon its passage.
e Passed May 16, 1884
: R. H. BURKE. Mayor.
+ Attest: ADELE EDMONDS,
h Clerk of Council.
e May 25-1t