The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-09-29
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Edison Avenue south to Bender Ave-
nue. Alley, in the Fifth Ward of the
City of Hamilton, Ohio, by grading
and paving the roadway thereof with
permanent material such as sheet
asphalt, asphaltic concrete, Warrenite
bitultthic concrete, brick, or any other
mined, and constructing storm sew
ers, manholes and inlet basins where
necessary.
BE 1T ORDAINED by the Council of
the City of Hamilton, Ohio:
SECTION / That it is deemed neces-
the issuance of bonds to be issued in
anticipation of the collection of special
assessments to pay the cost and expense
of improving Shuler Avenue Alley, from
Edison Avenue south to Bender Avenue
Alley, in the Fifth Ward of the City of
Hamilton, Ohio, by grading and paving
the roadway thereof with permanent
material such as sheet asphalt as
phaltic concrete, Warrenite bitulithc
concrete, brick, or any other type of
material as may be determined and
constructing storm sewers, manholeS
and inlet basins where necessary, as
provided in Section 2293-24 of the Cen
eral Code of Ohio, in the sum of $2,431.S2
the estimated amount of said assess
ment.
SECTION II: That the City Manager
and the Director of Finance of the City
of Hamilton, Ohio, shall issue note or
notes for the above amount. Said note
not to exceed six per cent per annum
and shall be dated as of date Of the is
suance, and said note or notes shall be
due and payable on or before two wears
from the date thereof. Said note or
notes shall express upon their face the
purpose for which they We're issued
that they were issued in pursuance of
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
n TON ntn md san n1nl -
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 ac-
cordance with the laws and constitution
of the State of Ohio in the event that
assessments are 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 of the City
of Hamilton, Ohio, in addition to all
other taxes direct annual tax suffi-
cient to pay the interest and to create
sinking fund to redeem at maturity
the above provided for notes. which tax
sinking fund tax required by Section H.
of Article II of the Constitution Pro-
vided, however, that in each year that
the assessments anticipated by said
notes are payable and are applicable to
the payment of such interest and prin-
cipal and are appropriated for such pur-
pose, the amount OF Sucn tax snail be
reduced by the amount of the assess
ment so appropriated. The amount of
said tax to be computed by the taxing
authorities and to be certified to the
proper officers, and the same shall be
levied and collected as other taxes are
levied and collected. Said tax shall be
placed before and in preference 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 same shall be irrevocably pledged
for the payment of the interest and
principal of said notes when the same
fall due.
SECTION w: That the proceeds aris-
ing from the sale Of said notes shall be
placed to the credit of the fund for the
payment of said Improvement and all
unexpended balances remaining in said
FUND after the cost and expense OF the
improvement have been paid and the
proceeds of all bonds sold in anticipa-
tlon OF the collection of deferred in
stallments of assessments and all cash
payments of assessments shall be an
piled TO the payment of said note or
notes and interest thereon until both
are fully provided for.
SECTION v: That the Director OF
t1nance be and he Is hereby authorized
TO issue his warrant to the Treasurer
in payment for the cost OF said I'M
provement.
SECTION VI: This ordinance shall
take effect and be in force from and
after the earliest period allowed by the
charter of the City of Hamilton, Ohio.
Passed: September 20. 1889
r. II. BURKE Mayor.
Attest: ADELE EDMONDS,
Clerk of Council