The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-03-29

maIely PAID and also determining to
proceed with the issuing of said bonds
in one lot and without issuing notes
in anticipation thereof.
WHEREAS, the Federal Works prof
ects Administration have approved the
project providing for the Improvement
of streets and alleys hereinafter named
IN this ordinance by constructing storm
drainage, installing catch basins, man
holes and appurtenances thereto and
WHEREAS this Council has requested
the Director of Finance to issue his GER
tificate as TO the estimated life of the
property, assets or Improvement pro-
posed to be constructed from proceeds
of the bonds hereinafter referred to- and
the Director of Finance has certified to
this Council such estimated life as ex-
ceeding five years and has further GER
titled the maximum maturity of such
bonds as determined by the weighted
average as % years
THEREFORE, BE IT ORDAINED by
the Council Of the City Of Hamilton,
Ohio.
SECTION l. That it is deemed neces-
Sary by the Council of the City Of Ham
ilton, State of Ohio to issue and sell
bonds Of said City in the sum Of $13-
10000 in order to provide a fund for the
purpose of purchasing the necessary ma
terialS and supplies, and to purchase OF.
rent equipment and to employ the labor
required to be furnished by the City Of
Hamilton, Ohio, and of acquiring real
estate necessary for construction of said
storm drainage, being the Citys part Of
the cost and expense in connection with
the work relief program under the Fed
eral Works Projects Administration,
wherein the Works Projects Admins
tfatlon VIII furnish part of the cost for
constructing storm drainage on the fol-
lowing streets and alleys in the City of
Hamilton. Ohio, to-wit:
Lincoln Avenue, from Kahn Ave
nue. to Parkamo Avenue,
Cornell Avenue from Kahn Ave-
nue. to Parkamo Avenue,
INLAY Avenue from Parrish Ave-
nue. to Parkamo Avenue,
Parrish Avenue, from Lincoln
Avenue to Cornell Avenue,
over Lot No. 12407 from Parrish
Avenue to Parrish Avenue Alley,
Parrish Avenue, from Lincoln
Avenue to Grand Boulevard,
See Avenue from Inlay Avenue
to Grand Boulevard.
Parkamo Avenue, from Inlay
Avenue to Grand Boulevard
See Avenue Alley, from Cornell
Avenue to Inlay Avenue
And various other streets.
and installing catch basins, manholeS
and appurtenances thereto, including the
necessary work incidental thereto and
also for the purpose of providing a fund
to pay the interest accruing on said
bonds previous to the receipt of taxes
from which such interest is to be ulti-
mately paid.
SECTION Il: That 1T is hereby deter
mined to proceed with the issue of said
bonds in one lot and without issuing
notes in anticipation of the issuance of
said bonds.
SECTION III: That bonds of said City
of Hamilton shall be issued in the sum
of $13 100000. which amount includes the
sum of $195.00 for interest maturing on
said bonds previous TO the receipt of
taxes from which such interest is to be
ultimately paid, for the purpose afore-
said. Each of said bonds shall be in
the denomination determined by the Di-
rector of Finance Said bonds shall be
dated April L. 1940 and shall be due
and payable $1,30000 on the 1st day OF
October in each of the years l941 to 1850
both inclusive, which maturities are
hereby determined to be in substantially
equal annual installments, and shall
draw interest at the rate of three per
tion and surrender of interest coupons
to be attached to said bonds bearing the