The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1941-01-24

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| which maturities are hereby determined
| to be in substantially equal semi-annual
| inStallmentS.
The principal and interest on all of
the said bonds shall be payable at the
office of The First National Bank & Trust
Company Of the City of Hamilton and
SECTION III: That said bonds shall
| express upon their face the purpose for
which they are issued; that they are is
sued in pursuance of this resolution and
shall be signed by the Mayor and the
Clerk, and sealed with the corporate seal
of said Village. The interest coupons
attached to said bonds shall bear the
fac-simile signature of the Clerk of the
village printed or autographed thereon
SECTION ": 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 suf-
f1cient to discharge said serial bonds at
maturity, there shall be and is hereby
levied on all the taxable property in the
Village of New Miami, Butler County
Ohio, in addition to all other taxes, di-
rect tax annually outside the ten (10)
mill limitation during the period of said
bonds, in an amount sufficient to provide
FUNDS to pay the interest upon said
bonds as and when the same falls due,
and also to provide fund for the dis
charge of the principal of said serial
bonds at maturity which tax shall not
be less than the interest and sinking
fund tax required by Section IL, Article
IS hereby ordered computed, certified,
levied and extended upon the tax dupli-
cate and collected by the same officers
IN the same manner and at the same
time that taxes for general purposes for
each of said years are certified, extended
and collected. Said taxes shall be placed
before and in preference to all other
items and for the full amount thereof.
The funds derived from said tax Ievies
hereby required shall be placed in a
separate and distinct fund, which, to-
gether with all interest collected on the
same, shall be irrevocably pledged for
the payment of interest and principal of
said bonds when and as the same fall due.
SECTION v: That said bonds shall
be first offered at par and accrued inter
est 70 the Trustees of the Sinking Fund
in their official capacity, and if said
Trustees or Officers refuse to take any
or all of said bonds then said bonds not
so taken shall be advertised for public
sale and sold in the manner provided by
law under the direction of the Finance
Committee and the Clerk of the Village,
but not for less than their par value and
accrued INTEREST," the bond sale adver-
tisement shall state that any one desir-
ing to do so may present bid for said
bonds based upon their bearing diff
ferent rate of interest than hereinbefore
fixed provided, however. that where q
fractional interest is bid, such fraction
shall be one-quarter (l4) of one Cd per
cent or multiple thereof; the amount of
the bonds or certified check to ac-
company bids shall be Two Hundred
(S200.00) Dollars. The proceeds from
the sale of said bonds, except the pre-
MUM and accrued interest thereon, and
the amount of said bonds issued for in
terest, shall be used for the purpose
aforesaid and for no other purpose; the
premium and accrued interest received
from such sale and the amount of said
bonds issued for interest shall be trans
ferred to the Bond Retirement Fund to
be applied in the payment of principal
and interest of said bonds in a manner
provided by law
SECTION VI: The Clerk of the Village
is hereby directed to forward a certified
copy of this ordinance to the Auditor of
Butler County, Ohio.
SECTION VII: The Clerk of the Viii
lage is hereby authorized and ordered
to keep a record of the number the
amount and rate of each bond sold the
amount received for it, to whom sold,
and the time payable.
SECTION VIII: This resolution shall
take effect and be in force from and
after the earliest period allowed by law.
Passed: January 10th, 1871.
HERBERT DAVISH,
Mayor.
WILLIAM PEACOCK,
President of Council.
Attest: w H. DALTON, Clerk.
IAN 24-2t