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

To borrow money by issuing note or
notes in anticipation of the issuance
of bonds to be issued in anticipation
of the collection of special assessments
to pay the cost and expense of i'm
proving Clinton Avenue Alley, from
River Road to Freeman Avenue, in the
Sixth Ward of the City of Hamilton,
Ohio, by grading and paving the road
way thereof with a permanent ma
terial such as concrete, brick, asphalt,
aspha1tic concrete, Warrenite btu
Lthic, or any other type of material
as may be determined, and construct
ing storm sewers, manholes and inlet
basins where necessary from River
Road to a point 242 feet east of River
Road, and on Freeman Avenue to a
point feet west of Freeman Avenue.
BE 1T ORDAINED by the Council of
the City of Hamilton, Ohio:
SECTION /: 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
sessments to pay the cost and expense
of improving Clinton Avenue Alley, from
River Road to Freeman Avenue, in the
Sixth Ward of the City of Hamilton.
Ohio, by grading and paving the road
way thereof with permanent material
such as concrete, brick, asphalt as
phaltic concrete, Warrenite bitulithic, or
any other type of material as may be
determined and constructing storm sew
ers, manholes and inlet basins where
necessary from River Road to a point
242 feet east of River Road, and on
Freeman Avenue to point 6 feet west
of Freeman Avenue as provided by Sec
tion 2293-24 of the General Code of Ohio
in the sum of $1,21S68, the estimated
amount of said assessment
SECTION II: 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
M n m
and shall be dated as of date of the is
suance, and said note notes shall be
due 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 were 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 Hamil
ton, Ohio, and sealed with the corporal tt
seal 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 hereinaboVe described in ac
cordance with the laws and constitution
Of the State of Ohio In the event thai
assessments are not levied or bonds are
not issued to provide fund for the pay.
ment of such notes at maturity, there
| shall be and is hereby levied upon al
| of the taxable property of the City OF
| Hamilton, Ohio, in addition to all other
taxes direct annual tax sufficient te
| pay the interest and to create sinking
! fund to redeem at maturity the above
| provided for notes, which tax shall no
| be less than the interest and sinking
! fund tax required by Section IL of Ar
| ticle IL of the Constitution. Provided
| however, that in each year that the as
/ payable and are applicable to the pay
ment of such interest and principal ant