The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-10-11

able April 1st and October LIST IN each
year upon presentation and surrender Of
interest coupons to be attached to said
bonds bearing the fac-simile signature of
the Director of Finance
Said bonds shall be issued. executed
ana dlsposed of in accordance with the
general laws of the State of Ohio, the
Uniform Bond Act of the General Code
thereof
The principal and interest of said
ponds shall be payable at the office of
the tii CITY treasurer of the City of Ham
consecutive numbers as the Director Of
flnance or the proper officer of the City
snail determine, and said bonds shall ex-
press upon their face the purpose for
which they are issued, that thev are is-
sued in pursuance of this ordinance. and
snail be entitled Delinquent Tax Poor
ne bseitet lei B6o3nds-l94O," 63 and shall be signed
py the City Manager and the Director Of
flnance and sealed with the corporate
seal of said City
SECTION ": The proceeds from the
SAFE OF said bonds, except the premium
and accrued interest thereon shall ha
placed in the City treasury to the crad;t
OF the Poor Relief Bond Fund. and shall
pe dlSburSed upon proper vouchers for
.ne purpose specified herein, for which
priated.
SECTION V: That the percentum of
dennquent taxes and assessments col
lected Tor and to the credit of the city
after the sale of these bonds as certified
by the Tax Commission shall he maid 70
the Sinking Fund Commission of the
city OF Hamilton, which money shall he
placed placed IN a separate fund for the pur-
pose OF retiring these bonds The But
Ter County, Ohio, Budget Commission
shall annually allocate such portion Of
fIa me then dellnquent levy due the City Of
purposes, to the payment of interest and
the retirement of these bonds.
SECTION VI: That the faith revenue
and credit of the City of Hamilton. Ohio
are are nerepy pledged for the prompt pay
.heht OF both principal and interest of
the bonds hereinbefore described in ac-
cordance with the laws and Constitution
OF the State of Ohio
SECTION VII: For the purpose of
providing the necessary funds to nav tho
interest on the foregoing issue of bonds
promptly when and as the same shall
fail due and also to provide a fund suf-
.ionent t'Inftl TO dlseharge said bonds at ma
turlty, there shall be and is hereby levied
on on az the taxable property in the City
OF Hamilton, in addition to all other
taxes, direct tax annually during the
period OF time said bonds are to run in
an amount sufficient to provide funds
10 pay the interest upon said bonds as
ana when the same falls due, and also
70 provide fund for the discharge of
the principal of said serial bonds at ma
tur1ty, which taxes shall not be less than
the interest and Sinking Fund tax re-
Iuii GU III section IL, Article II, of the
constitution of the State of Ohio.
Said tax shall be and is hereby ordered
computed certified levied and extended
upon the tax duplicate and collected by
Ine same officials in the same manner
and at the same time that taxes for
general purposes of each of said years
are certified, extended and collected Said
| tax shall be placed before and in pref
erence TO all other items and for the
tull amount thereof The funds derived
from said tax levied hereby required
shall be placed in a separate and distinct
fund which, together with the interest
| collected on the same, shall be irrey-
| ocably pledged for the payment of prin-
clpal and interest on said bonds when
and as the same fall due
| SECTION VIII: These bonds shall be
| subject to call or redemption prior to
| maturity at not more than par and ac-
| crued interest.
| SECTION TX: The City Clerk is hereby
| directed to forward a copy of this ordi-
nance to the County Auditor
| SECTION X: This ordinance is hereby
/ declared to be an emergency measure
and shall be in force and effect from and
| after it's passage
! Passed: October g 1910.
j LEO J. WELSH, Mayor
Attest: ADELE EDMONDS,
City Clerk
! Oct. lit