The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1942-08-28

Street, from Sycamore Street to Central
Avenue; and d Street from Wayne Ave
nue. to Wayne Avenue Alley; and con-
structing sanitary sewer on Fox Avenue
from Dixie Highway west to Skillman
Avenue in the City of Hamilton, Ohio
SECTION IL That it is hereby deter
mined to proceed with the issue of said
bonds in one lot and without issuing
notes in anticipation of the issuance of
said bonds.
SECTION III: That serial bonds of
the City of Hamilton, Ohio, shall be is
sued in the sum of SCOOPS. Each of said
bonds shall be dated September 7, 1912,
and shall bear interest at the rate of
two per cent per annum, payable semi
annually on the 1st day of March and
September in each year until the prin-
surrender of interest coupons to be at
tached to said bonds bearing the fac
Simile signature of the Director of FL
nance; that said bonds shall mature as
follows $140.25 on the 1st day of Sep
tember, 1914, and $4,000 on the 1st day
of September in the years 945 to 1913,
both inclusive, which maturities are
hereby determined to be in substantially
equal annual installments.
Said bonds shall be issued, executed
and disposed Of in accordance with, the
general laws Of the StafB.of.. Ohio. .pstr=
ticularly the Uniform Bond Act of the
General Code of Ohio.
The principal and interest of said
bonds shall be payable at the office of
lllt NsllN treasurer OF IflG 0iLN OIL HAM
ilton Ohio; said bonds shall bear such
consecutive numbers as the Director of
Finance or the proper officers of the City
shall determine, and shall express upon
their face the purpose for which they
are issued and that they are issued in
pursuance of this ordinance and shall be
signed by the City Manager and the Di-
rector Of Finance and sealed with the
corporate seal of said city.
SECTION ~: The proceeds from the
sale of said bonds, except the sum in
cluded in the amount of the issue to the
extent necessary to provide a fund for
the payment of interest accruing on said
bonds previous to the receipt Of taxes
from which such interest is to be ulti-
mately paid, and the premium and ac-
crued interest thereon, shall be credited
to fund for the purpose of paying the
cost and expense of constructing and
repairing concrete sidewalks. curb and
gutter, curb only, on Bessie Avenue
from Urban street to Edwards Avenue +;
Grand Boulevard and Twelfth Street.
North G Street, from Jackson Street to
ElVin Avenue; sherman Avenue north of
Cereal Avenue Thirteenth Street, from
Bonacker Avenue to Mclean Street: Nc
Lean Street. from Twelfth Street to
Thirteenth Street; Twelfth Street, from
BOnacker Avenue to Mclean Street;
South Fifth Street, from Sycamore
Street to Central AVenue and d Street
from Wayne Avenue to Wayne Avenue
Alley and constructing sanitary sewer
on Fox Avenue. from Dixie Highway
west 10 ohlilttdI Avenue. III tile ClIN OF
Hamilton, Ohio, and for no other pur-
pose, and shall be diSbursed upon proper
vouchers for the purpose specified herein
for which purpose said money is hereby
appropriated.
SECTION V: That the faith, revenue
and credit of the City of Hamilton, Ohio
are hereby pledged for the prompt pay
ment OF both principal and interest Of
said bonds hereinbefore described, in ac-
cordance with the laws and constitution
Of the State of Ohio.
SECTION Vi: For the purpose of pro-
viding the necessary fund to pay the in
terest 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 of the taxable property of the City
of Hamilton, Ohio, in addition to all
other taxes direct tax annually during
the period Of the time such bonds are
to run, in an amount sufficient to pro-
bonds as and when the same falls due,
and also to provide fund for the dis
charge of the principal Of said serial
bonds at maturity, which taxes shall not
be less than the interest and sinking
fund tax required by Section II. Article
II of the Constitution of the State Of
Ohio.
Said tax shall be and is hereby ordered
computed and certified, levied and ex-
tended upon the tax duplicate, collected
by the same officials, in. the. same manner
general purposes for each of said years
are certified, extended and collected Said
tax shall be placed before and in pref
erence to all other items and for the full
amount thereof. The funds derived from
said tax levy hereby required shall be
placed in separate and distinct fund
which together with the interest col-
lected ON the same shall be irrevocably
pledged for the payment of principal and
interest on said bonds when and as the
same fall due.
SECTION VII: These bonds shall be
subject to call or. redemption prior to
maturity at not more than par and ac-
sEcTIoN VIII: The city CLERK is
hereby directed to forward certified
copy of this ordinance to the County
Auditor
SECTION IN: This ordinance shall
take effect and be in full force and ef-
feet from and after the earliest perioC
allowed by the charter OF the City OF
Hamilton, Ohio.
! Passed August 49, 1912
LEO j. WELSH, Mayor
Attest: ADELE EDMONDS.
City Clerk
Aug. 2S-lt