The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1939-12-15

Ward of the City of Hamilton, Butler
County, Ohio said Hooven Avenue Al
ley being the first alley south of and
parallel to Hooven Avenue, by grading
and paving the roadway thereof with
a permanent material such as concrete,
brick, asphalt asphaltic concrete, War
renite bitulithic, or any other type Of
material as may be determined, and
constructing storm sewers, manholes
and inlet basins where necessary, as
provided in Section 229324 of the Cen
eral Code Of Ohio. in the sum of $4,000
the estimated amount of said assess
ment.
SECTION II: That the City Manager
and the Director of Finance of the City
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 were issued, that
they were 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 Man
ager 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
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, i'm addition to all other
taxes q direct annual tax sufficient TO
/ pay the interest and to create sinking
| fund to redeem a maturity the above
provided for notes, which tax shall not
be less than the interest and sinking
fund tax required by Section H. of Ar
ticle IL 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 appropriated for such purpose.
the amount of such tax shall be reduced
by the amount of the assessment 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 col
| lected as other taxes are levied and coll
| lected 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 the same fail due.
/
1 ing from the sale OF said notes shall
be placed to the credit Of the fund for
4 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 antici-
patton of the collection OF deferred i'm
stallments of assessments and all cash
| payments of assess smentS shall be ap-
piled to the payment of said note ol
notes and interest thereon until botl
are fully provided for.
SECTION V: That the Director of Fl
nance be and he is hereby authorized tC
issue his warrant to the Treasurer il
payment for the cost of said improve
ment
SECTION VI: This ordinance shal
take effect and be in force from anC
after the earliest period allowed by TIL,
charter of the City Of Hamilton, Ohio.
Passed December 6, 1899
r. II. BURKE, Mayor
Attest: ADELE EDMONDS,
Clerk of Council
Dec 1a-1t