The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1941-07-11
ORDINANCE NO. 4l5s
July Ill


An ordinance to provide for the issuance
of bonds of the City of Hamilton, Ohio,
for the purpose of paying the city's
portion of the cost and expense of
constructing storm sewers, manholes
and inlet basins on Eighth Street Alley,
from walnut Street to Hanover Street;
Seventh Street Alleys A and 3, from
Butler Street to Butler Street Alley q,
Butler Street Alley A, from Seventh
Street Alley A to Seventh Street Alley
b, Butler Street Alley 3, from Sew
enth Street to Seventh Street Alley A,
and Butler Street Alley B, from Sew
enth Street Alley b to Sixth Street;
Fair Avenue Alley, from Mill Road to
Gilmore Avenue; Third Street Alley,
from Black Street north to Second
Street Alley, and Second Street Alley,
from Third Street to Second Street;
Clinton Avenue Alley, from River
Road to Freeman Avenue; Eleventh
Street Alley, from walnut Street to
Hanover Street; Urban Street, from
Millikin Street to the north line of
Lots 1880 and l7547; in the City of
Hamilton, Ohio.
WHEREAS, the Council has requested
the Director Of Finance to issue his Ger
tficate as to the estimated life of the
Improvement proposed to be acquired or
constructed from the proceeds of the
bonds hereinafter referred to; and
WHEREAS, the Director of Finance
has certified to this Council the esti-
mated life of said Improvement to be
at least five years and has further GER
titled the maximum maturity of the
bonds hereinafter provided for as twen-
ty-fVe years: and
WHEREAS, the Council estimates that
a tax for said bonds will first appear on
the duplicate for the tax year 1871 and
that the final tax settlement of the
County Treasurer next following the in
cluSion of q tax for this issue in the
annual budget of the County Auditor, as
provided by law, will be obtained not
q q tef al
1912.
Now THEREFORE, BE IT OR
DAINED 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, Ohio, to issue and sell bonds of
said city in the sum of $2,500.00 in order
to provide d fund for the purpose Of
paying the cost and expense of construct
ing storm sewers, manholes and inlet
basins on Eighth Street Alley, from
Walnut Street to Hanover Street; Sew
enth Street Alleys A and b. from Butler
Street to Butler Street Alley B, Butler
Street Alley A, from Seventh Street AL
ley A to Seventh Street Alley 3, Butler
Street Alley b, from Seventh Street to
Seventh Street Alley A, and Butler Street
Alley b, from Seventh Street Alley b to
Sixth Street; Fair Avenue Alley, from
Mill Road to Gilmore Avenue; Third
Street Alley from Black Street north to
Second Street Alley and Second Street
Alley, from Third Street to Second
Street; Clinton Avenue Alley from River
Road to Freeman Avenue; Eleventh
Street Alley, from Walnut Street to Han
over Street. Urban Street, from Millikin
Street to the north line of Lots 1880
and 17547, in the City of Hamilton, Ohio.
! SECTION IL That it is hereby deter
! mined to proceed with the issue of said
bonds III one lot and without issuing
notes in anticipation of the issuance of
said bonds.
SECTION III: That serial bonds of
! =. ~ CIloh la iC.-
sued in the sum of $2,500.00 Each of
| said bonds shall be dated July /, 1941,
and shall bear interest at the rate of
two per cent per annum, payable semi
! annually on the 1St day of April and
/ October in each year until the principal
sum is paid, upon presentation and sur
/ render Of interest coupons to be attached
j to said bonds bearing the fac-simile sig
/ nature of the Director of Finance; that
/ said bonds shall mature as follows:
! $4,000 on the 1st day of October in the
/ years 1912 to 1851, both inclusive, which
maturities are hereby determined to be
! in substantially equal annual install
said bonds shall be issued, executed
and disposed of in accordance with the
general laws Of the State of Ohio, par
ticularly the Uniform Bond Act of the
| General Code Of Ohio.
The principal and interest of said
! bonds shall be payable at the office OF
! the CITY Treasurer of the City of Ham
consecutive numbers as the Director of
/ Finance or the proper officers of the City
shall determine, and shall express upon
their face the purpose for which they
| are issued and that they are issued in
! pursuance of this ordinance, and shall
be signed by the City Manager and the
Director of Finance and sealed with the
corporate seal of said city
/ SECTION ". The proceeds from the
sale of said bonds, except the sum in
cluded in the amount OF the issue to the
! extent necessary to provide fund Tor
the payment of interest accruing on said
bonds previous to the receipt of taxes
from which such interest is to be ulti-
mately paid, and the premium and ac-
crued interest thereon, shall be credited
to a fund for the purpose Of paying the
cost and expense of constructing storm
4 sewers, manholes and inlet basins on
Eighth Street Alley, from Walnut Street
to Hanover Street; Seventh Street Alleys
A and b, from Butler Street to Butler
| Street Alley b, Butler Street Alley A,
from Seventh Street Alley A to Seventh
Street Alley 3. Butler Street Alley b,
from Seventh Street to Seventh Street
Alley A. and Butler Street Alley b, from
Seventh Street Alley b to Sixth Street;
Fair Avenue Alley, from Mill Road tc
Gilmore Avenue; Third Street Alley
from Black Street north to Second Street
Alley, and Second Street Alley, from
Third Street to Second Street; Clinton
Avenue Alley, from River Road to Free
man Avenue; Eleventh Street Alley
from Walnut Street to Hanover Street
Urban Street, from Millikin Street tc
the north line of Lots 1880 and 17547
in the City of Hamilton, Ohio, and fol
no other purpose and shall be disburseC
upon proper vouchers for the purpose
specified herein, for which purpose sale
, | money is hereby aDDrODriated,