The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-11-10
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Legal Advertisements

from Cereal Avenue to Haldimand
Avenue, said Ridgelawn Avenue Alley
being the first alley west of and par
a1le1 to Ridgelawn Avenue, in the
First Ward of the City of Hamilton,
Butler County, Ohio, by grading and
paving the roadway thereof with a
permanent material such as concrete,
brick, asphalt, asphaltic concrete,
Warrenite bitulithic any other type
of material as may be determined.
BE 1T ORDAINED by the Council of
the City Of Hamilton, Ohio:
SECTION I: That it is deemed neces-
sary to borrow money in anticipation
of the issuance of bond to be issued
in anticipation of the collection of Spe-
cial assessments to pay the cost and
expense Of improving Ridgelawn Ave-
nue. Alley, from Cereal Avenue to Hal
dimand Avenue, said Ridgelawn Avenue
Alley being the first alley west of and
parallel to Bidgelawn Avenue, in the
First Ward Of the City Of Hamilton,
Butler County, Ohio by grading and
paving the roadway thereof with a per
manent material such as concrete,
brick, asphalt, aSphaltic concrete, War
renite bitulithic, or any other type Of
material az may be determined, as pro-
Vided in Section 229324 of the General
Code of Ohio, in the sum of S1,462.50,
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
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 is
Suance, and said note or notes shall be
due and payable on or before two years
from the date thereof Said note or
notes shall express upon their face the
purpose for which they We're issued, that
they We're issued in pursuance of this
ordinance and in accordance with Sec
tiOn 2293-24 of the General Code of Ohio,
and shall be signed by the City Manager
and the Director of Finance of Hamil-
ton, Ohio, and sealed with the corporate
seal of said city
SECTION III: That the faith, reve-
nue. and credit of the City of Hamilton
Ohio are pledged to the prompt pay
Scribed in accordance with the laws
and constitution of the State Of Ohio;
! in the event that assessments are not
levied or bonds are not issued to pro
vide 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 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 IL, of Article - OF
the Constitution 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 ap-
| propriated for such purpose, the amount
of such tax shall be reduced by the
amount of the assessment 80 appropri
ated The amount of said tax to be
computed by the taxing authorities and
to be certified to the proper officers, ant
the same shall be levied and collected
as other taxes are levied and collected
Said tax shall be placed before and il
preference to all other items and for the
full amount thereof, and all funds de
rived from said levies hereby required
shall be placed in a separate and dis
tinct fund, which together with all in
terest collected on the same shall b.
irrevocably pledged for the payment o
the interest and principal of said note:
when 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 70
all unexpended balances remaining il
said fund after the cost and expense o
the Improvement have been paid and tn
proceeds of all bonds sold in antcipa
tion of the collection of deferred in
stallments of assessments and all cas-
payments of assessments shall be ap
piled to the payment of said note o
notes and interest thereon until bot
are fully provided for.
SECTION ": That the Director o
Finance be and he is hereby authorize
to issue his warrant to the Treasure
in payment for the cost of said inn
provement
take effect and be in force from an
after the earliest period allowed by tn
charter of the City of Hamilton, Ohio.
Passed: November l, 1889.
r. II. BURKE, Mayor.
Attest: ADELE EDMONDS,
Clerk of Council
Nov 10-1t