The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-08-30

COUNTY, PRESS
attached to said bonds bearing the fac
simile signature of the Director of FL
nance. Said bonds shall mature as fol
lows $1,320.39 on the 1st day of Sep
tember, 1912, and $1,200.00 on Septembel
IN the years as4S to lsSa b botn incla
| termined to be in substantially equa
| annual inStallments.
SECTION II: That said bonds shall bt
| prepared by the Director of Law, signed
by the City Manager and Director OF
Finance, sealed with the corporate sea
of said city, and recorded in the office OF
the Sinking Fund Commission; shall ex.
press upon their face the purpose fol
they are issued pursuant to law and this
ordinance, and shall be payable, both
principal and interest, at the office of the
Treasurer of the City of Hamilton Ohio
Said bonds shall be issued, executed and
disposed of in accordance with the gen
eral laws of the State of Ohio partic-
ularly the Uniform Bond Act of the Cen
eral Code of Ohio, and said bonds shall
bear such consecutive numbers as the
Director of Finance and the proper Off
GERS of the city shall determine.
SECTION III: That upon the sale of
said bonds any premium and accrued in
terest realized thereon shall be paid to
the Sinking Fund Commission. The par
value realized from the sale of said bonds
shall be placed in the city treasury to
the credit of the aforesaid fund as fol-
lows:
Prytania Avenue Alley, from Elvin
Avenue to Rhea Avenue $625.69:
Main Street Alley, from Street to F
Street, $1,23S.53;
F Street Alley, from Liberty Avenue
to Gray Avenue, $1,219.97
Erwin Street, from Third Street to
Fourth Street, and Fourth Street Alley,
from Dayton Street to Erwin Street,
$573.37;
Ross Avenue Alley, from Edgewood
Avenue to Lawn Avenue, $1,424.16;
Eighth Street Alley, from Walnut
Street to Chestnut Street, s299.94;
G Street Alley, from Elvin Avenue to
Jackson Street, and Elvin Avenue Alley,
from Street Alley to d Street. ST.
1921;
Elmo Avenue Alley, from woodlawn
Avenue south to Woodlawn Avenue AL
ley, $240.45;
vanDerveer Avenue Alley, from Lock-
ley, $93552;
High Street Alley, from Ida Avenue to
Fair Avenue, $552.39;
Campbell Avenue Alley, from Mill
Road to Lockwood Avenue, $933.S9;
Dayton Street Alley, from Ninth Street
to Tenth Street, $44349;
Buckeye Street Alley, from Seventh
Street to Tenth Street $1,56S.61;
Cleveland Avenue Alley, from Cereal
Avenue to Webster Avenue, $307.73;
Griesmer Avenue Alley from Chase
Avenue to Corwin Avenue, $623.Ss;
and shall be disbursed from said fund
on proper vouchers in payment of the
expense of the improvements aforesaid,
and to the payment of the notes hereto
fore issued for said purposes, and the
interest thereon, for which purposes said
money is hereby appropriated
SECTION ~: That all installments of
assessments and all portions thereof. to-
gether with interest thereon, shall be
applied to the payment of said bonds and
inf a n
and to no other purpose whatsoever.
SECTION v: That the faith, revenue
and credit of the City of Hamilton are
hereby pledged for the prompt payment
bonds hereinabove described in accord
ance with the laws and constitution of
the State of Ohio.
SECTION VI: That for the purpose of
providing the necessary funds 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 taxable property in the City
of Hamilton, Ohio, in addition to all
other taxes a direct tax annually during
the period said bonds are to run, in an
amount sufficient to provide funds to pay
the interest upon said bonds as and when
the same shall fall due and also to pro-
vide fund for the discharge of the prin-
cipal of said serial bonds at maturity,
which tax shall not be less than the in
terest and sinking fund tax required by
Section ii, of Article IL of the Constitu-
tion. Provided however, that in each
year that the assessments anticipated
by said bonds are payable and are ap-
plicable to the payment of such interest
and principal and are appropriated for
such purpose, the amount of the tax
shall be reduced by the amount of the
assessment so appropriated. Said tax
shall be and is hereby ordered computed,
certified. levied and extended upon the
officers and in the same manner and at
the same time that taxes for general
purposes for each of said years are GER
tilted, extended and collected Said tax
shall be placed before and in preference
to all other items and for the full
amount thereof. The funds derived from
said tax levies hereby required shall be
placed in separate and distinct fund
which together with interest collected
on the same shall be irrevocably pledged
for the payment of the principal and
interest of said bonds when and as the
same fall due.
SECTION VII: That the City Clerk is
hereby authorized and directed to GER
tify copy of this ordinance to the Au-
ditor of Butler County, Ohio, according
to law.
SECTION VIII: 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: August 81, 1910.
LEO ]. WELSH, Mayor
Attest: ADELE EDMONDS,
City Clerk.