The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1941-06-13
ORDINANCE NO. 4l37

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 ana expense OF i'm
proving Third street Alley, from Black
Street north to Second street Alley,
and second street Alley, being the
Black street, from Third street to
Second street, in the Third ward OF
the City OF Hamilton, Ohio, by grading
and paving said Third street Alley for
width OF IL feet ana said SECOND
Street Alley for . width Of IA feet,
with a permanent material such -
concrete, brick, asphalt. asphaltic CON
other type Of material ~ may be de-
termined, and constructing storm sew
ers, manholes and inlet basins in said
Second street Alley, from Third street
to Third street Alley.
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 issunace of bonds to be issued in an
ticipaton of the collection OF special
assessments to pay the cost and expense
of improving Third Street Alley, from
Black Street north to Second Street Al
ley and Second Street Alley, being the
first alley north of and parallel to Black
Street, from Third Street to Second
Street, in the Third Ward of the City
of Hamilton, Ohio, by grading and paw
ing said Third Street Alley for width
of IL feet and said Second Street Alley
for width of Ia feet with permanent
material such as concrete, brick. asphalt,
asphaltic concrete, Warrenite bltul1thlc,
or any other type of material as may be
| determined and constructing storm sew
| ers, manholes and inlet basins in said
| Second Street Alley, from Third street
to Third Street Alley, as provided by
| Section 2293-24 of the General Code of
| Ohio, in the sum of s1,101.50. the esti-
| mated 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
and shall be dated as of date of the is
suance, and said note or notes shall be
due and payable on or before two years
from the date thereof. Said note or
/ notes shall express upon their race the
purpose for which they were 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 Hamilton:
Ohio, and sealed with the corporate seal
of said city.
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 that
assessments are not levied or bonds are
not issued to provide fund for the pay
nent of such notes at maturity, there
| shall be and is hereby levied upon all of
the taxable property of the City of Ham
ilton, Ohio in addition to all other taxes
a direct annual tax sufficient to pay the
/ interest and to create sinking fund 10
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 IL OF
| the Constitution Provided, however, that
| in each year that the assessments antici-
pated by said notes are payable and are
applicable to the payment of such in
| terest 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