The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-06-16

from Rhea Avenue to Gray Avenue
said Prytania Avenue Alley being the
first alley west of and parallel TO Pry-
tania Avenue, 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, Warrenite bitulithic, or any
| other type of material as may be de-
! termined.
| BE 1T ORDAINED by the Council of
the City Of Hamilton, Ohio:
SECTION /: That it is deemed neces-
Sary to borrow money in anticipation
of the issuance of bonds to be issued in
anticipation of the collection of special
assessments to pay the cost and expense
of improving Prytania Avenue Alley,
from Rhea Avenue to Gray Avenue, said
Prytania Avenue Alley being the first
alley west of and parallel to Prytania
Avenue in the First Ward of the City
of Hamilton, Ohio, by grading and paw
ing said alley between said points with
permanent material such concrete,
asphalt, brick, asphaltic concrete, War
material may be determined, as pro-
vided in Section 2293-24 of the General
Code of Ohio, in the sum of $1,103.13,
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 of date of the
issuance, 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 were issued in pursuance to
this ordinance and in accordance with
Section 229324 of the General Code of
Ohio, and shall be signed by the City
Manager and the Director of Finance of
a aal lad wifi he
porate 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
ment Of said notes hereinabove described
in accordance with the laws and consti-
tuition 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 direct annual tax sufficient
to pay the interest and to create sink
ing 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 IL 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 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 and as the
same fall due.
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 an
ticipation of the collection of deferred
cash payments of assessments shall be
applied to the payment of said note or
notes and interest thereon until both
are fully provided for
SECTION V: That the Director of FL
nance 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: June I, 1889.
r. II. BURKE Mayor
Attest: ADELE EDMONDS,
Clerk of Council.
Il