The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1935-03-29
ORDINANCE No. 3476
Mar. 29-1t


To issue bonds for the purpose Of raising money
TO provide the necessary funds for the cost
and expense of purchasing and installing
complete a Radio Two-way Ultra High Free
qnency Police Communicating and Receiving
system, including antennae, towers, trans
mitters, headquarters transmtters, headquar-
ters talk-back receivers, patrol receivers
and transmitters, and all other apparatus
and equipment pertaining thereto necessary
for complete two-way ultra high frequency
police communicating and receiving system.
WHEREAS, This Council has requested the
Director of Finance to issue his certificate as to
the estimated life of the property assets or
improvement proposed to be acquired con-
structed from the proceeds of the bonds here
matter referred to, and the Director of Finance
has certified to Council such estimated life as
FIVE years, and has further certified the maxi
mum maturity Of such bonds as five years
and
WHEREAS. This Council estimates that a
tax for said bonds will first appear on the
duplicate for the year 1885, and that the final
settlement with the County Treasurer next fol-
lowing the inclusion Of a tax for this issue
in the annual budget OF the County Auditor
as provided by law will be obtained not
earlier than the first day of September, 1886
BE IT ORDAINED by the Council Of the
City Of Hamilton Ohio, all members elected
thereto concurring:
SECTION +: That it is deemed necessary to
issue and sell bonds of the City of Hamilton
Ohio in the principal sum of Twelve Thousand
Two Hundred Dollars in order TO provide fund
for the cost and expense oil purchasing ana
installing complete radio two-way ultra nigh
frequency police communicating and receiving
system including antennae, towers, transmit
ters. Headquarters transmitters, headquarters
talk-back receivers. patrol car receivers and
transmitters. and all other apparatus and equip
ment pertaining thereto necessary for COM
pete two-way ultra high fequency police COM
municatng and receiving system. Included in
said amount as interest said bond issue is the
sum of Two Hundred Forty-four Dollars for
interest maturing previous to the recent Of
taxes from which said interest is to be paid.
SECTION II: That bonds of the City OF
Hamilton Ohio, shall be issued in the prin-
cipal sum of Twelve Thousand Two Hundred
Dollars for the purpose aforesaid.
SECTION III: Said bonds shall be in such
denomination as may be determined by the
Director of Finance shall he dated May l,
1885, shall draw interest at the rate
of four (4l per cent per annum, payable
semi-annually on the lst day of November and
May in each year until the principal sum is
paid That said bonds shall be due and payable
as follows: S2.200.00 on November l, 1885.
and S2500.00 in each of the years from 1887
to 1910. both inclusive, which maturities are
hereby determined TO be in substantially equal
annual installments.
SECTION "; Said bonds shall be prepared
hv the Director Of Law signed by the City
Manager and the Director of Finance sealed
with the City seal and recorded in the office
of the Sinking Fund Commission; shall express
upon their face the purpose for which they are
issued and the fact that they issued pur-
suant to law and this ordinance; shall be pay
able. both principal and interest, at the office
of the Treasurer of the City of Hamilton, ONO
shall be issued and sold under the direction
Of the Director of Finance and shall bear
such consecutive numbers as said Director OF
Finance or the proper officers OF the City may
determine The interest coupons attached to
said bonds shall bear the facsimile signature
cf the Director of Finance.
SECTION v: That the proceeds Of the sale
of said bonds, except the sum included in the
amount of the issue to the extent necessary to
y1roS2p fDp1 for the DaVment of the interest
accruing on said bonds previous to the receipt
Of taxes from which such interest IS to be
ultimately paid, and the premiums and accrued
interest thereon, shall be placed in the City
Treasury to the credit of the Police Radio
Communicating and Receiving System FUND.-
and shall be disbursed upon proper vouchers
for the purpose of paying the cost and ex-
pense of purchasing and installing complete
radio two-way ultra high frequency police
communicating and receiving system, including
antennae, towers, transmitters, headquarters
transmitters, headquarters talk-back receivers
patrol car receivers and transmitters, and al!
other apparatus and equipment pertaining
thereto necessary for a complete two-way ultra
high frequency police communicating and re-
ceivng system and for no other purpose, for
which purpose said money is hereby appro-
priated, and the premiums and accrued interest
from said sale shall be transferred to the
Trustees of the Sinking Fund TO be applied by
them in the manner provided by law
SECTION VI: That the faith, revenue and
credit of the City of Hamilton, Ohio, are hereby
pleGReu Tor the prompt pdyitlSllL % poIh pin
cipal and interest of the bonds hereinbefore de-
scribed in accordance with the laws and Con-
stitution of the State of Ohio
SECTION VII That for the purpose Of
providing the necessary funds to pay the inter-
est on the foregoing issue of bonds promptly
when and as the same fall due, and also to
create and maintain fund sufficient to dis
charge the said bonds at maturity, there shall
be and is hereby levied on all taxable property
OF the City of Hamilton, Ohio, in addition to
all other taxes direct tax annually during the
period for which said bonds are to rum IN an
amount sufficient to provide funds TO pay inter-
est upon said bonds and when the same
fall due and also to provide a fund for the
discharge of the principal OF said serial bonds
at maturity, which tax shall be not less than
the interest and sinking fund tax required
by Section e. Article IL, of the Constitution.
That said tax shall be, and is hereby ordered
computed, certified, levied and extended upon
the tax duplicate and collected by the same
officers in the same manner and at the same
time that the taxes for general purposes for
each of said years are certified, extended and
collected
Said tax shall be placed before and in prefer
ence to all other items, and for the full amount
thereof.
All funds derived from said tax levy hereby
required, shall be placed in separate and
distinct fund, which together with all interest
collected on the shall be lrrevocably
pledged for the payment of the interest and
principal of the said bonds when and the
same fall due.
SECTION VIII: That such bonds shall be
issued in one lot and notes shall not be issued
in anticipation of these bonds.
SECTION TX: That said bonds shall be first
offered at par and accrued interest to the Trus-
tees of the Sinking Fund in their official ca