The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1941-01-31
New Miami Resolution
RESOLUTION NO. ao4

A resolution providing for the issuance
of bonds of the Village of New Miami
Ohio, in the sum Of Sixteen Thousand
($l6,ooo.oo) Dollars for the purpose Of
improving, repairing, remodelling, and
enlarging a certain building in the
Village to be used as a Public Village
Hall, Council Chamber, Mayors Office,
Municipal Court, Police Station and
Jail, and to furnish and landscape said
improvement.
WHEREAS, pursuant to a resolution
adopted by the Council of the Village of
New Miami, Butler County, Ohio, an
election was held on the proposition of
issuing bonds Of the Village for the pur-
pose hereinafter stated in the sum of
Sixteen Thousand (S16000.00) Dollars,
and levy of taxes outside the ten lO)
mill limit to pay the interest and prin-
cipal of such bonds
AND WHEREAS, due notice was given
of said election as required by law, and
at which election 80 of the electors
voting on said proposition voted in favor
thereof,
to issue and sell Sixteen Thousand
($16,00000) Dollars worth of said bonds
under authority of Sections 2293-2 and
2293-19 to %, inclusive, of the General
Code of the State of Ohio
AND WHEREAS, this Council has re-
quested the Village Clerk to issue his
certificate as to the estimated life of the
property, asset or Improvement proposed
proceeds of the bonds hereinafter re-
ferred to, and the Village Clerk has GER
titled to this Council such estimated life
as at least, and in the excess of, fifteen
Q5) years, and has further certified the
maximum maturity of such bonds, cal
culated in accordance with the provi-
sions of Section 2293-9 of the General
Code of Ohio as being fifteen (15) years,
BE IT RESOLVED BY THE COUN-
GIL OF THE VILLAGE OF NEW
MIAMI, BUTLER COUNTY. OHIO:
SECTION i: That it is deemed neces-
sary to issue bonds Of the Village of
New Miami, Ohio in the principal sum
of Sixteen Thousand ($16, 6,00000) Dol
lars in order to provide fund for the
purpose of improving, repairing, re-
ing in the Village to be used as Public
Hall. Council Chamber, Mayors Office,
Municipal Court, Police Station and Jail,
and to furnish and landscape said i'm
provement, and to provide a fund for the
payment of not to exceed one ID years
interest on said bonds. That such bonds
shall be issued in one lot and sold under
the authority Of, Sections 2293-2 and
2293-l9 to 23, inclusive, of the General
Code of Ohio, and that no anticipatory
notes shall be or have been issued in an
ticipation of the issuance of such bonds.
SECTION II: That the bonds of the
Village of New Miami, Ohio shall be is
sued in the sum of Sixteen Thousand
(S16O0000) Dollars for the purpose
aforesaid. Each of said bonds shall be
in the denomination of Sixteen Hundred
(S16O0.00) Dollars and shall bear inter-
est at the rate of four (49o) per cent
per annum payable semi-annually on
the 18th day of June and December of
each and every year until the principal
sum is paid. Provided, however, said
bonds are sold bearing a different rate
of interest than hereinbefore specified,
such bonds shall bear such rate of in
terest as may be provided in the reso-
luton of Council approving the award
thereof. That said bonds shall be dated
the 18th day of February, 1941, and
shall be numbered from one ID to ten
(10), inclusive, and shall mature as fol-
lows: