The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1937-05-28

which inaturitics are hereby determined to be
in substantially equal annual instalments,
all as fixed by said the Bureau Of Inspection
and Supervision Of Public offices.
SECTION ILL., For the payment Of said
bonds and the interest coupons thereto attached
the full faith, credit and revenue Of the City
Of Hamilton, Butler County, Ohio, IS hereby
irrevocably pledged and for the purpose of
providing the necessary funds to pay the inter
est on the foregoing issue Of bonds promptly
when and the same falls due, and also 70
provide fund sufficient TO discharge the said
serial bonds at maturity, there shall be and
is hereby levied all the taxable property
in the City of Hamilton, Ohio, Butler County, in
addition to all other taxes direct tax annually
during the period said bonds are to run IN an
amount sufficient to provide funds TO pay
interest upon said bonds as and when the
same falls due and also to provide a fund Tor
the discharge of the principal Of said serial
bonds at maturity, which tax shall not be less
than the interest and sinking fund tax re-
quired by Section ii of Article XII Of the Con-
stitution.
That the interest and retirement levies here
on shall have the same status with respect to
the limitation imposed by Article MI, Sec
ton 2, of the Constitution as the interest
sinking fund and retirement leYies OF the IN
debtedness 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
in preference to all other items and for the
full amount thereof The funds derived from
said tax levies hereby required shall be placed
in separate and distinct fund. which together
with all interest collected the same shall
be irrevocably pledged for the payment of the
interest and principal Of said bonds when and
the same fall due.
Said bonds shall be signed by the City Man
ager and Director of Finance of said City and
the interest coupons shall have the facsimile Of
said Director OF Finance printed or lithu-
graphed thereon. Said bonds shall express upon
their face the purpose for which they are
issued and they are issued in pursuance Of this
resolution.
SECTION V 1t 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 required by law, and
that the tax for the payment of the principal
and interest as the same fall due and pay
able does not exceed any limitations Of taxa
ton of said City and that the amount of the
bond issue does not exceed any limitation of
indebtedness as fixed by law
SECTION VI: The Director Of Finance of
this City is hereby authorized and directed to
offer this issue of bonds first to the Compis-
sioners of the Sinking Fund of said City. and
If refused, then to the Treasury Investment
Board, and if refused, then the Director of