The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1936-05-29
Legal Advertisements

BE n ORDAINED by the Council Of the
City Of Hamilton, Ohio:
SECTION / That it is deemed necessary TO
issue and sell bonds OF the City Of Hamilton.
Ohio Ia the principal sum of Sixty-One Hun
dred Dollars (s6, 100000 in order to provide
fund for the cost and expense OF improving
and reconstructing the South d street bridge
over the tracks of The Baltimore Ohio Kali
road Company, III the First Ward Of the City
of Hamilton, Ohio Included IN said amount
as interest on said bond issue IS the sum OF
Sixty-one Dollars S6l.00) for interest matur-
ing previous to the receipt oil taxes from
which said interest is to be paid
SECTION IL: That bonds Of the City Of
Hamilton, Ohio, shall be issued IN the princi-
pal sum of Sixty-one Hundred Dollars
t$6 100. .004 for the purpose aforesaid.
SECTION III: Said bonds shall be in such
denomination as may be determined by the
Director Of Finance, shall be dated June +
1886 shall draw interest at the rate OF three
(3l per cent per annum. payable semi-annually
on the lst day of April and October in each
year upon the presentation ana surrender ol
interest coupons to be attached TO said
bonds bearing the fac-simile signature of the
Director of Finance, and until the prlncipal
sum is paid. That said bonds shall be due and
payable as follows $4,000 on October l, 1887
and 100000 on October 1st in each OF the
years from 1898 to 1916. both inclusive, which
matufities are hereby determined to be in
substantially equal annual installments
SECTION " Said bonds shall be prepared
Nv 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 eX-
press upon their face the purpose for which
| they are issued and the fact that they are
| issued pursuant to law and this ordinance
| shall be payable both principal and interest,
at the office of the Director of Finance Of
| the City Of Hamilton, Ohio shall be issued and
| sold under the direction of the Director of
Finance and shall bear such consecutive num-
bers as said Director Of Finance or the proper
officers of the City may determine.
4 SECTION ". That the proceeds of the sale
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 interest is to
| be ultimately paid. and the premiums and
accrued interest thereon, shall he placed IN
/ the City Treasury to the credit of the South d
Street Bridge Fund and shall be dsbursed
upon proper vouchers for the purpose Of pay.
! ing the cost and expense of improving and
| reconstructing the South ID street bridge over
the tracks of The Baltimore & Ohio Railroad
Company, in the First Ward of the City oi
| Hamilton Ohio, and for other purpose, fol
| 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 ant
| credit of the City of Hamilton, Ohio, are here
| by pledged for the prompt payment of botf
| principal and interest of the bonds hereinbe
| fore described in accordance with the laws ant
Constitution of the State of Ohio.