The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-11-24
Legal Advertisements

mature as follows: $660.00 on the 1st
day of December in the years 1941 to
1850, both inclusive, which maturities
are hereby determined to be in substan-
TALLY equal annual installments.
Said bonds shall be issued, executed
and disposed of in accordance with the
general laws of the State of Ohio, par
ticularly the Uniform Bond Act of the
General Code of Ohio.
The principal and interest of said
bonds shall be payable at the office of
the City Treasurer of the City OF Ham
ilton, Ohio; said bonds shall bear such
consecutive numbers as the Director of
Finance the proper officers of the
City shall determine, and shall express
upon their face the purpose for which
they are issued and that they are issued
in pursuance of this ordinance, and
shall be signed by the City Manager
and the Director of Finance and sealed
SECTION w: The proceeds from the
sale of said bonds except the sum in
cluded in the amount of the issue to
the extent necessary to provide a fund
for the payment of interest accruing on
said bonds previous to the receipt of
taxes from which such interest is to
be ultimately paid, and the premium
and accrued interest thereon, shall be
credited to a fund for the purpose of
paying the Citys share of the cost and
expense of constructing storm sewers,
manholes and inlet basins on Campbell
Avenue Alley, from Mill Road to Lock
wood Avenue Franklin Street Alley,
from Urban Street to Exchange Street
Cleveland Avenue Alley from Elvin
Avenue Alley, and Elvin Avenue Alley,
from Cleveland Avenue to Cleveland
Avenue Alley Lagonda Avenue, from
North b Street to the north corporation
line; Starr Avenue, from Two Mile
Creek to the north corporation line;
Summer Street from Two Mile Creek to
Hunt Avenue; Willow Avenue, from La
gonda Avenue to the north corporation
line; Martin Avenue, from Summer
tn tbn NCt,oti
Kenton Avenue, from Lagonda Avenue
to Two Mile Creek; and Hunt Avenue
from North b Street to the north cor
poration line, in the City of Hamilton
shall be diSburSed upon proper vouchers
for the purpose specified herein, for
which purpose said money is hereby ap-
SECTION V: That the faith. revenue
and credit of the City of Hamilton, Ohio,
are hereby pledged for the prompt pay
ment of both principal and interest of
said bonds hereinbefore described, in
accordance with the laws and constitu
tion of the State of Ohio.
SECTION VI: For the purpose of pro-
Viding the necessary fund to pay the
interest on the foregoing issue of bonds
promptly when and as the same falls
due, and also to provide fund sufficient
to discharge the said serial bonds at
maturity, there shall be and is hereby
levied on all of the taxable property of
the City of Hamilton, Ohio in addition
to all other taxes a direct tax annually
during the period of the time such bonds
are to run in an amount sufficient to
provide funds to pay the interest upon
said bonds as and when the same falls
due, and also to provide fund for the
discharge of the principal of said serial
bonds at maturity which taxes shall not
be less than the interest and sinking
fund tax required by Section II, Article
u Of the Constitution of the State of
Ohio.
Said tax shall be and Is hereby ordered
computed and certified, levied and ex-
tended upon the tax duplicate, collected
by the same officials, in the same manner
general purposes for each of said years
are certified, extended and collected
Said tax shall be placed before and in
preference to all other items and for
the full amount thereof. The funds de-
rived from said tax levy hereby required
tinct fund which together with the in
terest collected on the same shall be
irreVocably pledged for the payment of
principal and interest on said bonds
when and as the same fall due.
SECTION VII: These bonds shall be
maturity at not more than par and ac
crued interest
SECTION VIII: The Clerk of Council
is hereby directed to forward a certi-
fed copy of this ordinance to the County
SECTION TX: This ordinance shall
take effect and be in full force and eff
feet from and after the earliest period
allowed by the charter of the City of
Hamilton, Ohio
Passed: November Is, 1889.
r. II. BURKE, Mayor.
Attest: ADELE EDMONDS,
Clerk Of Council