The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-09-13
Legal Advertisements

| the Fourth Ward of the City of Ham.
ilton, Ohio, by grading and paving the
| roadway thereof for width of 1914
feet with a permanent material such
as concrete, brick, asphalt, aspha1tic
concrete, Warrenite bitulithic, or any
other type of material as may be de-
termined, and constructing storm sew
ers, 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-
sary to borrow money in anticipation of
the issuance of bonds to be issued in an
ticipation of the collection of special as
improving Eighth Street Alley, from
Walnut Street to Hanover Street, in the
Fourth Ward of the City of Hamilton
Ohio, by grading and paving the road
way thereof for a width of 1879 feet
with permanent material such as CON
crete, brick, asphalt asphaltic concrete
Warrenite bitulithic or any other type
of material as may be determined and
constructing storm sewers manhoeS and
inlet basins where necessary, as pro-
vided in Section 229324 of the General
Code of Ohio, in the sum of 81 ,30350
the estimated amount of said assess
ment.
SECTION IL 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
of not to exceed six per cent per annum
and shall be dated as Of date of the ssu-
and payable on or before two years from
the date thereof. Said note or notes
shall express upon their face the pur-
pose for which they We're issued, that
they We're 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 Manager
and the Director of Finance of Hamilton,
,lI1
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 herenaboVe 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 Ham
ilton, Ohio, in addition to all other taxes
q direct annual tax sufficient to pay the
interest and to create 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 applicable to the payment of
such interest and principal and are APP
propriated for such purpose, the amount
of such tax shall be reduced by the
amount of the assessment 50 appropri-
ated. The amount of said tax to be com
puted 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 pref
erence 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 prin-
cipal of said notes when and as the
same fall due
SECTION ": 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 improve
ment.
SECTION vi: This ordinance shall
take effect and be in force from and after
the earliest period allowed by the char
ter of the City of Hamilton Ohio.
Passed: September 6, 1910
LEO j. WELSH, Mayor
Attest: ADELE EDMONDS,
City Clerk
Sept 13-1t