The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1936-02-07

which ,naturities are hereby determined to be
in substantially equal annual installments, al
as fixed by said The Tax Commission oil ono
SECTION III; For the payment OF SAID
bonds and the interest coupons thereto at
tached the full faith, credit and revenue OF the
Civ Of Hamilton Butler County, Ohio, is
hereby irrevocably pledged and for the pur-
pose of providing the necessary funds TO pay
the interest the foregoing issue q bonds
promptly when and the same falls due, ana
also to provide fund sufficient to dlScharge
the said serial bonds at maturity, there shall
be and is hereby levied all the taxable
property in the City of Hamilton Butler
County, Ohio, in addition TO all other taxes q a
direct tax annually during the period said
bonds are to in an amount sufficient TO
provide funds to pay 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 tax shall not be less than the interest
and sinking fund tax required by Section III
Of Article XII Of the Constitution.
That the interest and retirement evies
hereon shall have the same status with re-
| spect to the limitations imposed by Article
XII, Section 2. of the Constitution as the inter-
est sinking fund and retirement levies Of the
| Indebtedness which is refunded
/ Said tax shall be and is hereby ordered COM
/ puted, certified. levied and extended upon the
tax duplicate and collected by the same officers
/ in the same manner and at the same time
/ that taxes for general purposes for each OF
/ said years are certified, levied extended and
collected. Said tax shall be placed before and
Il
/ full amount thereof The funds derived from
said tax levies hereby required shall be placed
i in separate and distinct fund, which together
with all interest collected on the same, shall
be irrevocably pledged for the payment of
! the interest and principal of said bonds. when
and as the same fall due
SECTION ": Said bonds shall be signed
! by the City Manager and Director of Finance
| of said city, and the interest coupons shall have
the facsimile signature of said Director of
! Finance printed or Autographed thereon Said
bonds shall express upon their face the pur-
/ pose for which they issued. and they
are issued in pursuance of this ordinance.
SECTION v: II is hereby determined that
| all acts, conditions and things necessary to
/ be done precedent to and in the issuance Of
said bonds in order to make the same legal
valid and binding obligations of said city have
| been done, have happened and been performed
in regular and due form as required by law
| and that the tax for the payment of the
principal and interest the same fall due
| and are payable does not exceed any limitations
of taxation Of said city, and that the amount
Of this bond issue does not exceed any limita-
ton of Indebtedness as fixed by law.
/ SECTION VIZ The Director of Finance OF
this city is hereby authorized and directed tc
offer this issue of bonds first 10 the Commits
sioners of the Sinking Fund of said city, and
if refused, then to the Treasury Investment
Board and if refused, then the Director Of
Finance is directed to offer the same for sale
as provided by law and receive bids for tht
/ purchase thereof Said bonds shall not bt
sold for less than par and accrued interest
| to the date of delivery.
The bond sale advertisement shall state that
anyone desiring TO do so may present bid ol
bids for said bonds based upon their bearing
a different rate of interest than hereinbefor,
fixed. provided that where a fractional interes
rate is offered such fraction shall be one
| fourth Of one per centum multiple thereof
| These bonds shall be subject to call or redemp
ton prior to maturity at not more than par
SECTION VII: The Director of Finance o.
this city is hereby authorized to keep recor<
|
sold the amount received for it, to whom
sold and the time when payable.
SECTION VIII: The Clerk of Council il
hereby directed to forward copy of this ordi
nance to the County Auditor.
SECTION TX: This ordinance shall TAX
effect and be In full force and effect from an,
after the earliest period allowed by the Char
ter of the City of Hamilton. Ohio
Passed January 81, 1886.
r. H. BURKE, Mayor.
Attest: ADELE EDMONDS,
Clerk of Council.
feb Tilt