The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1937-12-10
EMERGENCY ORDINANCE No. se24


Providing for the issue of bonds of the City Of
Hamilton, Ohio, in the of $41,500.00 in
order to provide a fund for the purpose of
purchasing the necessary materials and sup
plies and to purchase rent equipment and
TO employ the labor required 10 be furnished
by the City of Hamilton Ohio being for the
Clty'S part of the cost and expense in
nection with the work relief program under
the Federal Works Progress Administration
wherein the Works Progress Administration
will furnish part of the cost for improving
sundry streets in the City of Hamilton. Ohio,
hereinafter listed, by reconstructing and re-
surfacing the roadway thereof with a perma-
nent material. to-wit, Asphalt, and also for
the purpose of providing fund to pay the
interest accruing on said bonds previous TO
the receipt of taxes from which such interest
is to be ultimately paid, and also determining
to proceed with the issue of said bonds
in one lot and without issuing notes in antici-
ration thereof.
WHEREAS, The subject matter contained
herein constitutes an emergency in that it pro-
vidos for the immediate preservation Of the
public peace. health and safety Of the citizens
nf Hamilton, Ohio, and that in order to permit
the subdivision to participate in the work re-
ief program under the Federal Works Progress
Administration thereby providing immediate
work for the unemployed it is necessary that
this legislation po into immediate effect and
WHEREAS, the Federal Works Progress Adj
minlstratlon have approved the project pro-
viding for the Improvement Of streets heren-
otter named in this ordinance by reconstruct
ing and resurfacing the roadway thereof with
a permanent material, to-wit. asphalt and
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 constructed from
proceeds Of the bonds hereinafter referred to,
md the Director Of Finance has certified to
this Council such estimated life as exceeding
five years and has further certified the maxi
mum maturity Of such bonds as ten years.
THEREFORE,. BE IT ORDAINED by the
Council Of the City of Hamilton, Ohio:
SECTION l. That it is deemed necessary
by the Council of the City of Hamilton, State
Of Ohio. to issue and sell bonds of said City
in the sum of S4d,50000 in order to provide
q fund for the purpose of purchasing the
necessary materials and supplies, and to pur-
hase or rent equipment and to employ the
abor required to be furnished by the City of
Hamilton Ohio. being the City's part Of the
cost and expense in connection with the work
relief procram under the Federal Works Prog
ress Administration, wherein the Works Prog
ress Administration will furnish part Of the
cost for improving the following streets in the
City of Hamilton, Ohio, to-wit:
East Avenue. from Sycamore Street to Grand
Boulevard.
Grand Boulevard, from East Avenue to the
p. G. G. & St. L. r. r.,
Dixie Highway, from Grand Boulevard to
Williams Avenue.
Sycamore Street. from Fifth Street to East
Avenue.
Fifth Street from High Street to Sycamore
High Street. from Fourth Street to Erie
Highway
Seventh Street, from High Street to Heaton
Street,
Heaton Street. from Seventh Street to Erie
Highway
Benninehofen Avenue, from Williams Avenue
to Laurel Avenue,
Millville Avenue from Main Street to B. &
o. r. r.,
by rcconstructing and resurfacing the roadway
thereof with permanent material, to-wit,
asphalt, and also for the purpose of providing
fund to pay the interest accruing said
bonds previous to the receipt of taxes from
which such interest is to be ultimately paid.
SECTION II: That it is hereby determined
to proceed with the issue of said bonds in one
ot and without issuing notes in anticipation
of the issuance of said bonds.
SECTION ILL., That bonds of said City of
Hamilton shall be issued in the sum of S44,500-
90, which amount includes the sum of 81 l00l. .25
for interest maturing on said bonds previous
to the receipt of taxes from which such interest
fs to be ultimately paid, for the purpose afore-
said. Each of said bonds shall be in the de-
nomination determined by the Director of
Finance. Said bonds shall be dated December
\, 1887 and shall be due and payable 100000
on the lst day of September in the years 1899
md $4.500.00 on the lst day Of September in
the years 1910 to 1948. both inclusive, which
naturities are hereby determined to be IN sub
'tantaly equal annual installments, and shall
iraw interest at the rate of three per cent per
mum, payable March 1st and September Ist
m each year upon presentation ana surrender
f interest coupons to be attached to said bonds
bearing the facsimile signature OF the Director
IF Finance.
Said bonds shall be issued, executed and
disposed of in accordance with the general laws
Of the State of Ohio, particularly the Uniform
Bond Act of the General Code of Ohio:
The principal and interest of said bonds
hall be payable at the office of the City Treas
urer Of the City of Hamilton, Ohio. Said bonds
shall bear such consecutive numbers the
Director Of Finance or the proper officer Of
the City shall determine, and said bonds shall
xpress upon their face the purpose for which
they are issued, that they are issued in pur-