The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1935-01-25
Legal Advertisements

proving Fair Avenue, from welsh Avenue
TO Hancock Avenue, in the City of Ham-
ton, Ohio. by grading and gravelling the
roadway thereof and constructing curb and
gutter both sides Of said street. and con-
strueting sidewalk the west side of said
street, between Welsh Avenue and Hancock
Avenue, where necessary.
BE 1T ORDAINED by the Council Of the
City of Hamilton Ohio, two-thirds of all
members elected thereto coneurrng
SECTION il That it is deemed necessary
to borreN money in anticipation of the col
lection Of special assessments To pay the cost
and expense of improving Fair Avenue, from
Welsh Avenue to Hancock Avenue. in the City
OF Hamilton Ohio, by grading and grayelling
the roadway thereof and constructing curb and
gutter on both sides of said street and con-
structina sidewalk the west side Of said
street between Welsh Avenue and Hancock
Avenue where necessary, as provided in Sec
tion 2293-24 Of the General Code Of Ohio, in
the sum Of $5.3l5.00 the estimated cost of said
improvement.
SECTION III. That the city Manager and
the Director Of Finance Of the City of Hami-
ton, Ohio, shall issue notes IN the amount of
the monthly or sem-monthly estimates of the
Engineer said Improvements said notes
shall bear interest at rate not to exceed six
(63 per cent per annum, and shall be dated
on the date the estimate for the payment of
which the note il issued becomes due and pay
able, and said notes shall be due and payable
or before two Years from the date thereof Said
notes shall express upon their faces the pur-
poses for which they issued, that they
We're issued in pursuance of this ordinance
and in accordance with Section 2293-24 Of the
General Code of Ohio and shall be signed by
the City Manager and the Director of Finance
Of Hamilton, Ohio. and sealed with the cor
porate seal Of said City.
SECTION III, That the faith. revenue and
credit of the City of Hamilton Ohio, are
pledged to the prompt payment of said notes
herenabove described in accordance with the
laws and Constitution of the State of Ohio.
4lztsf -1&.I 4
upon ell Of the taxable property in the City
of Hamilton Ohio, in addition to all other
taxes, direct annual tax sufficient to pay
the interest and to create a sinking fund to
redeem at maturity the above provided for
notes, which tax shall not be less than the
interest and sinking fund tax required by Sec
ton Of Artile II of the Constitution. Pro-
vided, however, that in each year that the
assessments anticipated by said notes are pay
able and are applicable to the payment of such
interest and principal and are appropriated for
such purposes, the amount of such tax shall
be reduced by the amount Of the assessment
appropriated, The amount of said tax
TO be computed by the taxing authorities and
to be certified to the proper officers and the
same shall be levied and collected as other
taxes are levied and collected. Said tax shall
be placed before and in preference to all other
items for the full amount thereof, and all funds
derived from said levies hereby required, shall
be placed in a separate and distinct fund,
which, together with all interest collected on
the same shall be irrevocaby pledged for the
notes when and the same fall due.
SECTION W: 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 re-
naming in said fund after the cost and
pense Of the Improvement have been paid and
the proceeds Of all bonds sold in anticipation of
the collection of deferred nstallments of as
sessments and all cash payments of assessments
| shall be applied to the payment of said moves
and interest thereon until both are fully pro-
vided fer.
SECTION ": That the Director of Finance
be and he is hereby authorized to issue his
warrant to the Treasurer in payment of said
monthly estimates for the cost of said i'm
provement as they become due and payable.
SECTION W. This ordinance shall take
effect and be in force from and after the earIi-
est period allowed by the Charter of the City
Of Hamilton, Ohio.
Passed; January 16, 1895.
R. H. BURKE, Mayor
| Attest: ADELE EDMONDS,
Clerk of Council.
Tan 25-1t