The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-07-28
Legal Advertisements

| alley lying south of and parallel to
| Franklin Street, in the First Ward of
the City of Hamilton, Ohio, by grad
| ing and paving the roadway thereof
with permanent material such as
| sheet asphalt, aspha1tic concrete, War
renite bitulithic, concrete, brick, or
| determined, and constructing storm
| sewers, manholes and inlet basins
where necessary.
| BE 1T ORDAINED by the Council of
| the City of Hamilton, Ohio:
| SECTION I: That it is deemed neces-
| safy 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 Franklin Street Alley
from Urban Street to Exchange Street
said Franklin Street Alley being the
| iirst alley lying south Of and parallel
to Franklin Street, in the First Ward
| of the City of Hamilton, Ohio, by grad
| ing and paving the roadway thereof
| with permanent material such as sheet
asphalt asphaltic concrete Warrenite
| bltullthlc, concrete, brick, or any other
| type of material as may be determined
| and constructing storm sewers. man
holes and inlet basins where necessary,
as provided in Section 2293-24 of the
| General Code of Ohio in the sum of
S917.2S, 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
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 We're issued in pursuance to
TINS ordinance and in accordance with
Section 2293-24 of the General Code of
NV he
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 suff-
cient 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 required by Section
II of Article IL of the Constitution
Provided, however, that in each year
that the assessments anticipated by
said notes are payable and are applic-
tfple W the payment OIL Sucn interest
ana principal and are appropriated for
such purpose, the amount Of such tax
shall be reduced by the amount Of the
assessment so appropriated. The amount
or said tax to be computed by the tax
ing 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 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
SECTION w: That the proceeds aris-
ing from the sale of said notes shall
De placed to the credit of the fund for
the payment of said improvement and
all unexpended balances remaining in
sad fund after the cost and expense of
the Improvement have been paid and
the proceeds of all bonds sold in an
tlclpation of the collection of deferred
installmentS of assessments and All
cash payments of assessments shall he
applied TO the payment OF said note or
notes and interest thereon until both
are fully provided for.
SECTION v: That the Director of
Finance 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 erect and be in force from and
aIter the earliest period allowed by the
charter of the City Of Hamilton, Ohio.
Passed: July 10, 1889.
r. H. BURKE, Mayor.
Attest ADELE EDMONDS.
Clerk of Council
July 28-1t