The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-10-13

| said Griesmer Avenue Alley being the
first alley west of and parallel to Cries
mer Avenue in the Sixth Ward of the
| City of Hamilton, Ohio, by grading and
paving the roadway thereof with a per-
| manent material such as concrete, brick,
asphalt, asphaltfc concrete, Warrenite
| bitulithic, or any other type of material
as may be determined, as provided in
Section 2293-24 of the General Code of
Ohio, in the sum of $72912, the esti-
mated amount of said assessment.
SECTION H. 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
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 were issued
that they were issued in pursuance of
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 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 II,
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
leyies 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 the same
fall due.
SECTION w: 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.
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 i'm
proVement.
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: October 4, 1899.
r. H. BURKE, Mayor
Attest: ADELE EDMONDS,
Oct. 18-1t