The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1937-12-10
Legal Advertisements

1913. both inclusive which maturities are
hereby determined to be in substantially equal
annual installments, and shall draw interest
at the rate of three per cent per annum payable
March st and September 1st in each year upon
presentation and surrender of interest coupons
to be attached TO said bonds bearing the fac
smile SIGNATURE of the Director of Finance
Said bonds shall be issued executed and dis
posed 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
shall be payable at the office Of the City
Treasurer Of the City Of Hamilton, Ohio. Said
bonds shall bear such consecutive numbers as
the Director of Finance or the proper officer of
the City shall determine and said bonds shall
express upon their face the purpose for which
they issued that they issued in pur-
suance of this ordinance. and shall be signed
nv the City Manager and the Director of
Finance and sealed with the corporate seal Of
said City
SECTION ": The proceeds from 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 interest
aeerung said bonds previous to the receipt
of taxes. from which said interest is to be
ultimately paid and the premium and accrued
interest thereon shall be credited to fund
for the purpose of paying the City's part of
the cost and expense of the improvements as
set forth in Section of this ordinance. and
shall be disbursed upon proper vouchers for
the purposes specified herein, for which pur-
pose said money Is hereby appropriated. and
said City MANAGER is hereby authorized TO exc
cute amy and all contracts necessary or Incl
dental thereto
SECTION VI: That the faith. revenue and
credit Of the City Of Hamilton, Ohio, are
hereby pledged for the prompt payment of
inbefore described, in accordance with the laws
and Constitution Of the State Of Ohio.
SECTION VI For the purposes of pro-
Viding the necessary funds to pay the interest
arf he fOrpUOiup issue nj bonds ilrgnntlV " hen
and as the same shall fall due, and also TO
provide fund sufficient to discharge said
bonds at maturity there shall be and IS hereby
levied all the taxable property in the City
Of Hamilton, in addition to all other taxes, 4
direct tax annually during the period OF time
said bonds are to run in an amount sufficient
TO provide funds TO pay the interest upon said
/ bonds and when the same falls due, and
also to provide fund for the discharge OF
the principal Of said serial bonds at maturity,
which taxes shall not be less than the interest
and Sinking Fund tax REQUIRED in Section 4,
Article II of the Constitution Of the State
Of Ohio.
Said tax shall be and is hereby ordered com
puted. certified levied and extended upon the
tax duplicate and collected by the same Off
cials in the same manner and at the same time
said years are certified, extended and coll
lected. Said tax shall be placed before and in
preference to all other items and for full
amount thereof The funds derived from said
tax eyies hereby required shall be placed in
separate and distinct fund which. together
with the interest collected on the same shall
be rrevocaby pledged for the payment Of
principal and interest on said bonds when and
az the same fall due.
SECTION VII: These bonds shall be subject
TO call or REDEMPTION prior to maturity at
not more than par and accrued interest.
SECTION VIII; This ordinance is hereby de-
clared to be emergency measure and shall
SO into effect Immediately on its passage.
Passed: December /, 1887
RH. BURKE. Mayor.
Attest: ADELE EDMONDS,
Clerk Of Council.
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