The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1941-01-24
Legal Advertisements
BE IT ORDAINED by the Council of

| BE 1T ORDAINED by the Council OF
the City of Hamilton Ohio:
| SECTION I: That it is deemed neces-
sary to borrow money 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 improving Millville Avenue Alley,
from Franklin Street to Ross Avenue
Alley; Ross Avenue Alley, from Millville
Avenue Alley to G Street; and G Street
Alley, from Franklin Street to Ross Ave-
nue. Alley, in the First Ward of the City
of Hamilton, Ohio, by grading and paw
ing Millville Avenue Alley and Ross
Avenue Alley to width of IA feet and
G Street Alley to width of 16 feet with
a permanent material such as sheet as
phalt, asphaltic concrete, Warrenite btu
lithic, concrete, brick or any other type
of material as may be determined, and
constructing storm sewers, manholeS and
vided In Section 2293-24 of the General
Code of Ohio, in the sum of $2,54443
the estimated amount of said assessment.
SECTION H. 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
not to exceed six per cent per annum,
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-
they were issued in pursuance of this
ordinance and in accordance with Section
2293-24 of the General Code of Ohio, and
shall be signed by the City Manager and
the Director of Finance of Hamilton,
Ohio, and sealed with the corporate 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 herenabove described in ac-
cordance with the laws and constitution
of the State of Ohio. In the event that
assessments are not levied or bonds are
not issued to provide a fund for the
payment of such notes at maturity, there
shall be and is hereby levied upon all of
the taxable property of the City OF Ham
iton Ohio, In addition TO all other taxes
direct annual tax sufficient to pay the
interest and to create a sinking fund to
redeem at maturity the above provided
for notes, which tax shall not be less
than the interest and sinking fund tax
required by Section IL of Article ~ of
the Constitution. Provided, however,
that in each year that the assessments
anticipated by said notes are payable and
are applicable to the payment of such
interest and principal and are appropri-
ated for such purpose, the amount of
such tax shall be reduced by the amount
of the assessment so appropriated The
amount of said tax to be computed by
the taxing authorities and to be certified
to the proper officers, and the same shall
be levied and collected as other taxes
are levied and collected. Said tax shall
be placed before and in preference to all
other items and for the full amount
thereof, and all funds derived from said
levies hereby required shall be placed
in separate and distinct fund, which
together with all interest collected on
the same shall be irreyocably pledged
for the payment of the interest and prin-
cipal of said notes when and as the
same fall due.
SECTION w That the proceeds aris-
ing from the sale of said notes shall be
placed to the credit of the fund for the
payment of said Improvement and all un-
expended balances remaining in said
fund after the cost and expense of the
Improvement have been paid and the
proceeds of all bonds sold in anticipation
of the collection of deferred inStallmentS
of assessments and all cash payments
of assessments shall be applied to the
payment of said note or notes and inter-
est thereon until both are fully provided
for.
SECTION " That the Director of FL
nance be and he is hereby authorized to
issue his warrant to the Treasurer in
payment for the cost of said improve
ment.
SECTION VI: This ordinance shall
take effect and be in force from and after
of the City of Hamilton, Ohio.
Passed: January Is, 1871,
LEO J. WELSH, Mayor.
Attest! ADELE EDMONDS,
City Clerk
Jan. 24--1t