The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-02-27

ing the inclusion of a tax for this issue
in the annual budget of the County Au-
ditor provided by law, will be obtained
not earlier than the 18th of September,
1943.
NOW THEREFORE, BE 1T Or
DAINED by the Council of the City of
Hamilton, State of Ohio:
SECTION I: That for the purpose of
raising money in anticipation of the col
lection of special assessments for the
improvement of Franklin Avenue Alley,
from Mckinley Avenue to Kenworth Ave
nue.; Haldimand Avenue, from Eaton
Avenue to Prytania Avenue; d Street
Alley, from Webster Avenue to a point
so feet south of the south property line
Of Haldimand Avenue; Bessie Street, now
RidgeWood Avenue, from South Street
west to the first alley east of South G
Street and known as Marsh Street Alley;
Millville Avenue Alley, from Exchange
Street to the Baltimore e Ohio Railroad;
and Millville Avenue Alley, from Frank
lin Street to Ross Avenue Alley, Ross
Avenue Alley, from Millville Avenue to
G Street, and 9 Street Alley, from Frank
city Of Hamilton, Ohio, in accordance
with Ordinances Nos. 4193, 4197, 4196,
1902, 4195 and 4194, bonds of said city
shall be issued to the amount of $9,07764
to pay notes previously issued and about
to mature. 1t is hereby recited and de-
clared that there has been included in
the amount of said bonds an amount Suf-
ficent TO pay the interest thereon until
said assessments are available. Said
bonds shall be designated as Franklin
Avenue Alley, Haldimand Avenue. D
Street Alley, Ridgewood Avenue (for-
merly Bessie Street,, Millville Avenue
Alley, and Millville Avenue, Ross Avenue
and 6 Street Alleys, property owners
portion; shall be in such denomination
as determined by the Director of Finance;
shall be dated April /, 1912, and shall
draw interest at the rate of three per
cent per annum, payable Semi-annually
on the 1St day Of April and October of
Va he Nrif oiT1a1 ca, sc n
upon the presentation and surrender of
interest coupons to be attached to said
bonds bearing the facsimile signature of
the Director of Finance. Said bonds shall
mature as follows: $97764 on the 1st
day of April. 1913, and $4,000 on April
lSt IN the years 1914 to 1852 both inclu-
sive, which maturities are hereby deter
mined to be in substantially equal an
nual mstallments
SECTION II: That said bonds shall be
prepared by the Director of Law, signed
by the City Manager and Director of FL
nance, sealed with the corporate seal of
said city, and recorded in the office of the
Sinking Fund Commission; shall express
upon their face the purpose for which
they are issued and the fact that they
are issued pursuant to law and this or
dlnance and shall be payable both prin-
cipal and interest, at the office of the
treasurer Of the City of Hamilton Ohio
| SAID bonds shall be issued, executed and
! disposed Of in accordance with the gen.
eral laws Of the State of Ohio particu-
iarly the Uniform Bond Act Of the Cen
eral Code of Ohio and said bonds shall
bear such consecutive numbers as the
Director OF Finance and the proper Of
eers Of the City shall determine
SECTION III: That upon the sale of
sald bonds any premium and accrued in
lefeSt realized thereon shall be paid to
the Sinking Fund Commission. The mar
value realized from the sale of said bonds
shall be placed in the city treasury to
the credit of the aforesaid fund as fol-
lows:
Franklin Avenue Alley, from
Mckinley Avenue to Kenworth
Avenue ..........$ 747.6
tIaldimand Avenue from Eaton 80
Avenue to Prytania Avenue -. 3,4728s
d Street Alley from Webster
Avenue to a point so feet south
OF the south property line of
I5aldifhand eI. Avenue ..::....... 112639
Ayenue), from South Street
west to the first alley east of
South q Street and known as
NI4,rs.a,, Narsh street Alley ,;...... 1,4461O
Exchange Street to the Balti-
more MOI 4 Ohio Railroad ....... SOO75
Millville Avenue Alley from
Franklin Street to Ross Ave
nue. Alley; Ross Avenue Alley,
| from MillVille Avenue Alley to
G Street; and G Street Alley,
\ from Franklin Street to Ross
! Avenue Alley y.........1 14S4 40
and shall be disbursed from said fund
/ on proper vouchers in payment of the
j expense of the improvements aforesaid
/ and TO the payment of the notes hereto
/ tore issued for said purposes and the
4 interest thereon, for which purposes said
money IS hereby appropriated
SECTION ": That all installments of
4 assessments and all portions thereof to-
1 gether with interest thereon shall be
I applied to the payment of said bonds and
| interest as the same shall become due
and to no other purpose whatsoever
SECTION V That the faith revenue
and credit of the City of Hamilton are
hereby pledged for the prompt payment
! of both principal and interest of the
ance with the laws and constitution of
the State of Ohio
SECTION VI: 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 sufficient to
discharge the said serial bonds at ma
turity. there shall be and is hereby levied
on all taxable property in the City of
Hamilton, Ohio, in addition to all other
taxes q direct tax annually during the
period said bonds are to run, in an
amount sufficient to provide funds to pay
the interest upon said bonds as and when
the same shall fall due and also to pro-
vide a fund for the discharge of the prin-
cipal of said serial bonds at maturity,
which tax shall not be less than the in
Section H. of Article 2 of the Constitu-
tion. Provided however, that in each year
that the assessments anticipated by said
bonds are payable and are applicable to
the payment of such interest and prin-
cipal and are appropriated for such pur-
pose, the amount of the tax shall be re-
duced by the amount of the assessment
SO appropriated Said tax shall be and
is hereby ordered computed, certified
levied and extended upon the tax dupli-
cate and collected by the same officers
and 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 tax shall be placed
before and in preference to all other
items and for the full amount thereof
The funds derived from said tax levies
hereby required shall be placed in sep
arate and distinct fund which together
with interest collected on the same shall
be irrevocably pledged for the payment
of the principal and interest of said
bonds when and as the same fall due.
SECTION VII: That the City Clerk is
hereby authorized and directed to certify
a copy of this ordinance to the Auditor
Of Butler County, Ohio, according to law.