The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1938-10-14

pense of improving North Street, from
Two Mile Greek to the north corporation line:
Two Mile Creek, from North Street to
kenton Avenue; Lagonda Avenue. from
North Street to the north corporation line;
Hunt Avenue, from North Street to the
end of Hunt Avenue; Starr Avenue, from
Two Mile Creek to the north corporation line:
Summer Avenue, from Two Mile Creek to
the north end of Summer Avenue; Kenton
Avenue, from Two Mile Creek to Lagonda
Avenue; Martin Avenue, from Summer Ave-
to the north corporation line Willow
Avenue, from Summer Avenue to the north
corporation line: and the alley along the
north corporation line, from Willow Avenue
to Lagonda Avenue, in the First Ward of
the City of Hamilton. Ohio, by constructing
sanitary sewers, house connections, manhoies
ETC., where necessary.
BE IT ORDAINED by the Council of the
City of Hamilton. Ohio
SECTION I: That it is deemed necessary to
borrow money in anticipation of the issuance
of bonds to be issued in anticipation of the
collection OF special assessments to pay the
cost and expense of improving North Street,
from Two Mile Greek to the north corporation
line Two Mile Greek, from North Street
to Kenton Avenue Lagonda Avenue. from
North B Street to the north corporation line
Hunt Avenue from North Street to the end
| of Hunt Avenue; Starr Avenue. from Two
Mile Greek to the north corporation line; Sum-
| mer Avenue, from Two Mile Greek to the north
end of Summer Avenue; Kenton Avenue from
| Two Mile Greek to Lagonda Avenue; Martin
| Avenue, from Summer Avenue to the north
| corporation line; Willow Avenue from Sum-
mer Avenue to the north corporation line and
the alley along the north corporation line. from
| Willow Avenue to Lagonda Avenue, in the
1 First Ward of the City of Hamilton, Ohio by
| constructing sanitary sewers, house connec-
| tions, manholes, etc, where necessary as pro-
| vided in Section 2293-24 of the General Code
| of Ohio. in the of sl5.402.00 the esti-
mated amount of said assessment.
| SECTION II That the City Manager and
| the Director of Finance of the City of Ham
! ton, Ohio, shall issue note notes for the
| above amount. Said note or notes shall bear
I interest at the rate not to exceed six per cent
per annum and shall be dated of date of
| the issuance and said note 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 were 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
1 and sealed with the corporate seal of said city
/ SECTION III: That the faith, revenue and
credit of the City of Hamilton. Ohio are
| pledged to the prompt payment of said notes
hereinabove described in accordance with the
laws and constitution of the State of Ohio in
the event that assessments not levied or
bonds are not issued to provide fund for the
payment of such notes at maturity, there shall
be and is hereby levied upon all of the taxable
property in the City of Hamilton. Ohio, in ad-
dition to all other taxes. direct annual tax
sufficient to pay the interest and to create a
sinking fund to redeem at maturity the above
provided for notes which tax shall not be less
than the interest and sinking fund tax re-
quired by Section of Article IL of the Consti-
tuition Provided, however, that in each year
that the assessments anticipated by said notes
are payable and are applicable to the payment
of such interest and principal and are appro-
priated for such purpose. the amount of such
tax shall be reduced by the amount of the
assessment SO appropriated. The amount of
said tax to be computed by the taxing au-
thorities and to be certified to the proper Of
fcers, and the same shall be levied and col
ected other taxes levied and collected.
Said tax shall be placed before and in pref
erence to all other items and for the full
amount thereof, and all funds derived from
said levies hereby required shall be placed in a
separate and distinct fund, which, together
with all interest collected on the shall
be irrevocaby pledged for the payment of the
as the same fall due.
SECTION ": That the proceeds arising
from the sale of said notes shall be placed ia
the credit of the fund for the payment Of said
improvement and all unexpended balances re-
manning 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 instalments of as
sessments and all cash payments of assessments
shall be applied to the payment of said note OF
! notes and interest thereon until both fully
provided for.
SECTION ": That the Director Of Finance
be and he is hereby authorized to issue his
warrant to the Treasurer in payment for tn,
cost of said improvement.
SECTION vi: This ordinance shall take eff
feet and be in force from and after the earies
period allowed by the charter of the City o.
Hamilton. Ohio
Passed: October 5. 1888
n r. H. BURKE. Mayor.
e Attest: ADELE EDMONDS.
4 Clerk of Council.
= Oct. 14-lt