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

avenue; Thirteenth Street, from Bon
acker Avenue to Mclean Street; NC
Thirteenth Street; north and south
side of Chase Avenue, from west prop
erty line Of Lots 17l06 and 17115 east
to Putnam Avenue; South Fifth Street,
Avenue; Twelfth Street, from Bon
acker Avenue to Mclean Street; east
side of d Street, between Wayne Ave-
nue and Wayne Avenue Alley; ana
both sides of Noble Avenue, from Fair
view Avenue to Williams Avenue, in
accordance with Resolutions Nos. 7706,
77O7, 770S 7737, 773S, 7739, 774o, 7741,
775e and 776l, by constructing and
repairing concrete sidewalk, curb and
gutter, curb only.
WHEREAS, this Council has requested
the Director of Finance to issue his GER
tifcate as to the estimated life of the
improvement constructed from the pro-
ceeds of the bonds hereinafter referred
to, and the Director of Finance has GER
titled to this Council such estimated Ire
as ten years and has further certified
the maximum maturity of such bonds
as five years; and
WHEREAS, this Council estimates
that tax for said bonds will first APP
pear upon the duplicate for the tax year
1943, and that final tax settlement with
the County Auditor next following the
inclusion of a tax for this issue in the
annual budget by the County Auditor as
provided by law will be obtained not
earlier than the 1st day of September
1914
BE IT ORDAINED by the Council of
the City Of Hamilton, Ohio:
SECTION /: That for the purpose OF
raising money in anticipation OF the col
lection of special assessments Tor the
Improvement of South Eighth Street, be-
tween Maple Avenue and Ludlow Street;
Forest Avenue, between Madison Avenue
and Van Hook Avenue; Thirteenth
Street, from Bonacker Avenue TO Nc
Lean street; Mclean Street, from
Twelfth Street to Thirteenth Street;
north and south side of Chase Avenue
from west property line of Lots l7lOb
and 17ll5 east to Putnam Avenue; South
Fifth Street between Sycamore Street
and Central Avenue; Twelfth Street from
Bonacker Avenue to Mclean Street; east
side Of - Street, between Wayne Ave
nue. and Wayne Avenue Alley; both sides
of Noble Avenue, from Fairvew Avenue
to Williams Avenue; in the city OF Ham
ilton, Ohio, by constructing and repair
ing concrete sidewalks, curbs and gutter
lutions Nos. 7706 1901 770S, 1887, 1888,
1899, 7740. 7741, 1859 and 1851, to be paid
for in whole by special assessments,
bonds of said city shall be issued in the
be in such denomination as determined
by the Director of Finance, shall be
dated September /, 1912, and shall be
due and payable $478,27 on September
/, 1914, and 100000 on September 1st in
the years 945 to 194S, both inclusive
which maturities are hereby determined
to be in substantially equal annual in
stallments and shall draw interest at
the rate of three per cent per annum
payable March list and September 1St of
each year, upon presentation and sur
render of interest coupons to be attached
to said bonds bearing the facsimile sig
nature of the Director of Finance.
SECTION II: Said bonds shall be pre-
pared by the Director of Law, signed by
the City Manager and the Director Of
Finance sealed with the city seal, and
recorded in the office of the Sinking Fund
Trustees; shall express upon their face
the purpose for which they are issued
and the fact that they are issued pur-
suant to law and this ordinance; shall
be payable, both principal and interest,
at the office of the Director of Finance
of the City of Hamilton, Ohio; shall be
issued and sold under the direction of
the Director of Finance, and shall bear
such consecutive numbers as said Di-
rector of Finance, or the proper officers
of the city may determine
SECTION III: That upon the sale of
said bonds any premium and the accrued
interest realized therefrom shall be paid
to the Sinking Fund Trustees The par
value realized from the sale of said
bonds shall be placed in the city treas
ury to the credit of the Sidewalk I'M
provement Fund and shall be disbursed
from said fund on proper vouchers in
payment of the expense of the improve
ment aforesaid and to the payment of
the notes heretofore issued for said pur-
pose and the interest thereon, for which
purpose said money is hereby appropri-
ated.
SECTION ": That all installments of
said assessments and all portions
thereof together with interest thereon,
shall be applied to the payment of said
bonds and interest as the same shall be-
come due and to no other purpose what
SoeVer.
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
the bonds hereinbefore described in ac-
cordance with the laws and Constitution
! of the State of Ohio.
SECTION VI: That for the purpose of
! providing the necessary fund to pay the
| interest on the foregoing issue of bonds
! promptly when and as the same falls
due, and also to create and maintain a
! sinking fund sufficient to discharge the
! said bonds at maturity, there shall be
and is hereby levied on all the taxable
! property Of the City of Hamilton, Ohio
/ in addition to all other taxes, direct
tax annually during the period for which
said bonds are to run, in an amount Suf-
hclent to provide fund for the dis.
charge of the principal of said seria
! bonds at maturity, which tax shall not
be less than the interest and Sinking
Fund tax required by Section IL of AR
| ticle XII of the Constitution. Provided
however that in each year that the as
sessments anticipated by said bonds are
! payable and are applicable to the pay
ment of such interest and principal anC
amount of such tax shall be reduced by
the amount of the assessment so appro
priated
That said tax shall be and is hereby
ordered computed. certified, levied ant
extended upon the tax duplicate and col
lected by the same officers, in the sam,
manner and at the same time that th
taxes for general purposes for each o
said years are certified, extended ant
collected Said tax shall be placed be
fore and in preference to all other items
and for the full amount thereof. Al
funds derived from said levies hereb!
required shall be placed in a separate
and distinct fund which, together Will
all interest collected on the same, shal
be irrevocably pledged for the paymen
Of the interest and principal of sait
bonds when and as the same fall due
SECTION VII: This ordinance shal
take effect and be in force from an,
after the earliest period allowed by tn
charter of the City of Hamilton, Ohio
Passed: August 10, 1912.
LEO j. WELSH, Mayor
Attest: ADELE EDMONDS,
City Clerk.
Aug 2S-1t