The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1937-07-30
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LEGAL Advertisements
South Street to the foot of yiaduct at G
Street, in the First Ward of the City of

South Street to the foot of viaduct at G
Street in the First Ward Of the City of
Hamilton, Ohio.
BE 1T ORDAINED by the Council of the
City of Hamilton. Ohio:
SECTION I: That it is deemed necessary
to borrow money in anticipation of the col
lection of special assessments to pay the cost
and expense of the construction of sanitary
sewers, manholes, and inlet basins where nee
essary, South Street, from Franklin
Street Alley to Puthoff Street and Puthoff
Street from South f Street TO the foot of via
duct at Street, in the First Ward of the
City of Hamilton. Ohio, as provided in Section
2293-24 of the General Code of Ohio, in the
sum of $672.75. the estimated amount of said
assessment
SECTION II That the City Manager and
the Director of Finance of the City of Hamil-
ton Ohio, shall issue note notes for the
above amount. Said note notes shall bear
interest at the rate not to exceed six per cent
per annum and shall be dated as of date of
the issuance, and said note or notes shall be
due and payable on or before two years from
the date thereof. Said note or notes shall ex-
press upon their face the purpose for which
they We're issued, that they were issued in
pursuance to 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 corporate seal of
said city
SECTION III: That the faith, revenue, and
credit OF the CITY OF Hamilton, OHIO,
pledged to the prompt payment of said notes
hereinabove described in accordance with she
laws and Constitution of the State of Ohio,
and that there shall be and is hereby levied
upon all 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 re-
deem at maturity the above provided for notes,
which tax shall not be less than the interest
and sinking fund tax required by Section 2
OF Article II of the Constitution. Provided
however, that in each year that the assess
ments anticipated by said notes are payable
and are applicable to the payment of such
interest. and principal and are appropriated
Tor such purposes, the amount of such tax
shall be reduced by the amount of the assess
ment so appropriated The amount of said
tax TO be computed by the taxing authorities
and 70 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 separate and distinct
fund. which together with all interest collected
on the same shall be irrevocaby pledged for
the payment of the interest and principal of
said notes when and as the same fall due
SECTION " 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
remaining in said fund after the cost and ex-
pense of the Improvement have been paid and
the proceeds Of all bonds sold in anticipation
Of the collection of deferred nstalments OF
assessments and all cash payments of assess
ments shall be applied to the payment Of said
note or notes and interest thereon until both
are fully provided for.
SECTION " That the Director Of Finance
be and he is hereby authorized 70 issue his
warrant to the Treasurer in payment for the
cost of said improvement.
SECTION VI: This ordinance shall take
effect and be in force from and after the
earliest period allowed by the charter Of the
City Of Hamilton Ohio.
Passed; July 81. 1887.
R. H BURKE, Mayor
Attest: ADELE EDMONDS,
Clerk of Council.
| Jy Colt