The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-11-24

cordance with the general laws of the
State of Ohio, particularly the Uniform
Bond Act of the General Code of Ohio,
and said bonds shall bear such conSecu-
tive numbers as the Director of Finance
and the proper officers of the city shall
determine
SECTION III: That upon the sale of
said bonds any premium and accrued
interest realized thereon shall be paid
to the Sinking Fund Commission The
par value realized from the sale of said
bonds shall be placed in the city treas
ury to the credit of the aforesaid fund,
South f Street, from Franklin Street
Alley to Puthoff Street, and Puthoff
Street, from South + Street to the foot
of viaduct at G Street $243.2S;
Goodman Avenue from Mckinley Ave
nue. to Kenworth Avenue, $S23.77;
Verlynn Avenue, from Millville Ave-
nue. to its northern terminus, S97635;
Washington Boulevard from MillVille
Avenue to Westview Avenue, $S90.S2;
and shall be disbursed from said fund
on proper vouchers in payment of the
expense of the improvements aforesaid,
and to the payment of the notes here
tofore issued for said purposes, and the
interest thereon, for which purposes
said money is hereby appropriated
SECTION ": That all installments
of assessments and all portions thereof,
together with interest thereon, shall be
applied to the payment of said bonds
and interest as the same shall become
due, and to no other purpose whatso-
SECTION v: That the faith, revenue
and credit of the City of Hamilton are
hereby pledged for the prompt payment
of both principal and interest of the
bonds hereinabove described, in accord
ance with the laws and constitution of
the State of Ohio.
SECTION VI: That for the purpose Of
providing the necessary funds to pay
the interest on the foregoing issue of
bonds promptly when and as the same
falls due and also to provide fund
sufficient to discharge the said serial
bonds at maturity, there shall be and
is hereby levied on all taxable property
in the City of Hamilton, Ohio in add-
tion to all other taxes a direct tax an
nually during the period said bonds are
to run, in amount sufficient to pro-
vide funds to pay the interest upon said
bonds as and when the same shall fall
due, and also to provide a fund for the
discharge of the principal of said serial
bonds at maturity, which tax shall not
be less than the interest and sinking
fund tax required by Section H. of Ar
ticle y of the Constitution. Provided,
however that in each year that the
assessments anticipated by said bonds
are payable and are applicable to the
payment of such interest and principal
and are appropriated for such purpose,
the amount OF the tax shall be reduced
by the amount of the assessment so
appropriated. Said tax shall be and is
hereby ordered computed certified,
levied ana extended upon the TAX dupll-
cate and collected by the same officers
and III the same manner and at the same
time that taxes for general purposes
for each of said years are certified, eX-
tended 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 interest collected
on the same shall be irrevocably pledged
for the payment of the principal and
interest of said bonds when and as the
same fall due.
SECTION VII: That the Clerk of
Council is hereby authorized and di-
rected to certify a copy of this ordinance
to the Auditor of Butler County. Ohio,
according to law
SECTION VIII: This ordinance shall
take effect and be in full force and ef-
feet from and after the earliest period
allowed by the charter of the City of
Hamilton, Ohio.
Passed November 10, 1889.
r, II. BURKE, Mayor.
Attest ADELE EDMONDS,
Clerk of Council.
Nov. 24-1t