The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-07-14

Street, between Ha1dimand Avenue and
Haldimand Avenue Alley, said Haldi-
mand Avenue Alley being the first alley
south of and parallel to Haldimand Ave-
nue., in the First Ward of the City of
Hamilton, Ohio, by grading and paving
said alley between said points with
permanent material such as concrete,
asphalt brick, asphaltic concrete, War
renlte bitulithic, or any other type of
material as may be determined as pro-
vided in Section 2293-24 of the General
Code of Ohio in the sum of $779.5S, the
estimated amount of said assessment
SECTION II: That the City Manager
and the Director Of Finance of the City
of Hamilton, Ohio, shall issue note or
or notes shall bear interest at the rate
not to exceed six per cent per annum
and shall be dated as of date of the
issuance, and said note or notes shall
years 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 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, and sealed with the cor
porate 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 a 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 a 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
shall not be less than the interest and
sinking fund tax required by Section IL
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 such tax shall 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. 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 to-
gether with all interest collected on the
same shall be irrevocably pledged for
the payment of the interest and prin-
cipal of said notes when and as the
same fall due.
SECTION ": 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-
tion of the collection of deferred INSTALL
ments of assessments and all cash pay
mentS of assessments shall be applied
to the payment of said note or notes
and interest thereon until both are fully
provided for.
Finance be and he is hereby authorized
to issue his warrant to the Treasurer in
payment for the cost of said improve
ment.
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: July 5, 1899,
r. Fl. BURKE Mayor
Attest; ADELE EDMONDS,
Clerk of Council.
July 14-1t