The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-03-27
ORDINANCE NO. 1850

An ordinance Co issue DOndS IN auJlClpd-
tion of the collection OF special assess
ments for the improvement of East
Avenue Alley, from Walnut Street to
Chestnut Street; Shu1er Avenue Alley,
from Irma Avenue to crawford's Run
Pershing Avenue Alley, from Fourth
Street to Fifth Street; Seventh Street
Alleys A and d, from Butler Street to
Butler Street Alley b; Butler Street
Alley A, from Seventh Street Alley A
to Seventh Street Alley B, Butler
Street Alley b, from Seventh Street to
Seventh Street Alley A, and Butler
Street Alley B, from Seventh Street
Alley to Sixth Street; East Avenue
Alley, from Hanover Street TO Long
Street; Parrish Avenue Alley, from
Edison Avenue to Hensley Avenue;
Butler Street Alley, from Fifth Street
to Sixth Street; and East Avenue AL
ley, from Chestnut Street to Sycamore
Street in the City of Hamilton, Ohio.
WHEREAS, this Council has requested
the Director of Finance to issue his GER
tificate as to the estimated life of the
property assessed; and
WHEREAS the Director of Finance
has certified to this Council the esti-
mated life of said Improvements to be
at least five years, and has further GER
titled the maximum maturity of the
bonds hereinafter provided for as ten
WHEREAS this Council estimates
that a tax for said bonds will first APP
pear on the duplicate for the tax year
-
with the County Treasurer next follow
ing the inclusion of a tax for this issue
in the annual budget of the County Au-
ditor, as provided by law, will be OBJ
tanned not earlier than the l3th OF Sep
tember, 1943.
Now THEREFORE, BE 1T OR
DAINED by the Council of the City of
Hamilton State of Ohio:
SECTION l: That for the purpose of
raising money in anticipation of the col
lection of special assessments for the
improvement of East Avenue Alley, from
Walnut Street to Chestnut Street; Shuler
Avenue Alley, from Irma Avenue to
CrawfordS Run; PerShing Avenue Alley,
from Fourth Street to Fifth Street; Sew
enth Street Alleys A and B, from Butler
Street to Butler Street Alley b; Butler
Street Alley A, from Seventh Street AL
ley A to Seventh Street Alley b Butler
Street Alley B, from Seventh Street to
Seventh Street Alley A, and Butler
Street Alley B, from Seventh Street AL
ley B to Sixth Street; East Avenue Alley.
from Hanover Street to Long Street
Parrish Avenue Alley, from Edison Ave
nue. to Hensley Avenue; Butler Street
Alley, from Fifth Street to Sixth Street
and East Avenue Alley, from Chestnut
Street to Sycamore Street, In the City of
Hamilton Ohio in accordance with Ordi-
nances Nos 4205 1927 1925, 1929, 1926,
4224, 4244, 4245, bonds of said city shall
be issued to the amount of $61S3.70 to
pay notes previously issued and about to
mature. 1t is hereby recited and declared
that there has been included in the
amount of said bonds an amount Suffi-
cient to pay the interest thereon until
said assessments are available Said
bonds shall be designated as East Ave
nue. Alley, Shuler Avenue Alley, Perish.
ing Avenue Alley, Seventh Street and
Butler Street Alleys, East Avenue Alley,
Parrish Avenue Alley, Butler Street AL
ley, and East Avenue Alley, property
owners portion; shall be in such denom-
ination as determined by the Director of
Finance; shall be dated April l, 1912,
and shall draw interest at the rate of
three per cent per annum, payable semi
annually on the lst day. Of April and
October of each year until the principal
sum Is paid, upon the presentation and
surrender of interest coupons to be at
tached to said bonds bearing the fac
simile signature of the Director of FL
nance, Said bonds shall mature as fol-
lows: $693.70 on the 1st day of October
1943, and $4,000 on October 1st in the
years 1914 to 1852, both inclusive, which
maturities are hereby determined to be
in substantially equal annual install
mentS.
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 ex-
press upon their face the purpose for
which they are issued and the fact that
they are issued pursuant to law and
this ordinance, and shall be payable, both
principal and interest, at the office of
the Treasurer of the City of Hamilton
Ohio. Said bonds shall be issued, ex-
ecuted and disposed of in accordance
with the general laws of the State of
Ohio, particularly the Uniform Bond Act
of the General Code of Ohio, and said
bonds shall bear such consecutive num-
berS as the Director of Finance and the
proper officers of the City shall deter
mine.
SECTION III: That upon the sale of
ca mr. inn a nd ,Q1
interest realized thereon shall be paid to
the Sinking Fund Commission. The par
value realized from the sale of said
bonds shall be placed in the city treas
ury to the credit of the aforesaid fund
as follows:
East Avenue Alley, from Wal
nut Street to Chestnut Streets 53535
Shuler Avenue Alley, from Irma
Avenue to Crawford's Run. 1915
Pershing Avenue Alley from
Fourth Street to Fifth Street 75449
Seventh Street Alleys A and B,
and Butler Street Alleys A
and B....... .......... 1,3O917
East Avenue Alley, from Han
over Street to Long Street.. 64353
Parrish Avenue Alley from Edi-
son Avenue to Hensley Avenue S3328
Butler Street Alley, from Fifth
Street to Sixth Street ..... 659l9
East Avenue Alley, from Chest
nut Street to Sycamore Street. 69104
and shall be disbursed from said fund
expense of the improvements aforesaid
and to the payment of the notes hereto
fore issued for said purposes, and the
| interest thereon, for which purposes said
money is hereby appropriated.
| SECTION w: That all nstallments of
assessments and all portions thereof, to-
| gether with interest thereon, shall be ap-
| piled to the payment of said bonds and
| interest as the same shall become due,
and to no other purpose whatsoever
| SECTION " 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
bonds hereinabove described, in accord
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 a 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