The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-11-24
ORDINANCE NO. 1877

a
patton of the collection of special as
sessments for the improvement OF
south Street, from Franklin Stfeeb
Alley to Puthoff Street, ana ruenon a4 of
yiaduct at G. Street; Goodman Ave
nue., from Mckinley Avenue to Ken
worth Avenue; Verlynn Avenue, from
Millville Avenue to its northern Ter"
minus: and Washington Boulevard,
from Millvilles Avenue to Westview
Avenue in the City of Hamilton, Ohio.
WHEREAS this Council has re-
auested the Director of Finance to issue
his certificate as to the estimated life
of the property assessed Tor the INA.
provement proposed to be acquired or
constructed from proceeds OF bonds
hereinafter referred to; ana r,.o
WHEREAS, the Director OF FINANCE
has certified to this Council the esti-
mated life of said improvement TO pc
at least five years, and has further GER
titled the maximum maturity OF the
bonds hereinafter provided for as ten
WHEREFoRE, this Council estimates
that tax for said bonds VIII hrst APP
near on the duplicate for the tax year
1910, and that the final tax settlement
with the County Treasurer next follow
ing the inclusion of tax for TINS issue
in the annual budget of the County Au-
ditor, as provided by law will be OBJ
tained not earlier than the 18th day of
September 1a41
now THEREFoRE BE IT OR
DAINEp by the COuilCli VI tilS (iNJ "
Hamilton State of Ohio:
SECTION /: That for the purpose of
raising money In anticipation OF the
collection of special assessments FOR the
Improvement of South Street from
Franklin Street Alley to Puthon Street
and Puthoff Street from South F Street
to the foot of viaduct at G Street; Good
man Avenue. from Mckinley Avenue TO
from Millville Avenue to its northern
terminus; and Washington Boulevard
from Millville Avenue to WestvieW Ave
nue. in the City of Hamilton, ONO, IN
accordance with Ordinances No. 1906,
3642 1856 and 1865, bonds of said city
shall be issued to the amount or SZ,934.z2 2
to pay notes previously issued and about
to mature. 1t is hereby reclted and de-
clared that there has been included IN
the amount of said bonds an amount suf-
ficient to pay the interest thereon until
said assessments are aVallable- Sal9 -
bonds shall be designated as South f
Street Goodman Avenue, Verlynn Ave
nue. and Washington Boulevard BONDS
property owners portion, snail De IN
such denomination as determined by the
Director of Finance, shall be dated De-
cember l. 1889, and shall draw interest
at the rate of three per cent per annum,
payable semi-annually on the lst DAY OF
Iune and December of each year until
the principal sum is paid, upon the pre-
sentation and surrender of interest cou-
pons to be attached to said bonds bear
ing the fac-simile signature OF the Dl-
rector of Finance. Said bonds shall ma
ture as follows: $23422 on the 1st day
of December 1941, and 100000 on De
cember 1st in the years 1912 to 1850
both inclusive, which maturities are
hereby determined to be in substantially
equal annual installments.
SECTION H. That said bonds shall
be prepared by the Director OF Law
signed by the City Manager and Director
of Finance, sealed with the corporate
seal of said city, and recorded in the
office of the Sinking Fund Commission
fhnir fn ha
nose for which they are issued and the
fact fact that they are issued pursuant tc
law and this ordinance, and shall be
payable, both principal and interest al
the office of the Treasurer of the City
of Hamilton Ohio. Said bonds shall be
issued. executed and disposed of in ac-