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

Hamilton, State of Ohio:
SECTION +: That for the purpose of
raising money in anticipation Of the col
lection of special assessments for the
Improvement of Linden Street, from the
east line of Front Street east distance
of approximately 200 feet, by construct
ing sanitary sewers, house connections,
manholes, lamp holes, flush tanks, etc,
where necessary, in accordance with Or
dinance No. 1880 bonds of said city
shall be issued in the amount of $3SS.40
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-
ficient to pay the interest thereon until
said assessments are available. Said
bonds shall be designated as Linden
Street Sanitary Sewer property owners
portion; shall be in such denomination
as determined by the Director of FL
nance; shall be dated September /, 1912
shall draw interest at the rate of three
per cent per annum, payable semi-an-
nually on the lst day of March and Sep
tefpber 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
smile signature of the Director of Eli
nance. Said bonds shall mature as fol-
lows. $28.40 on September l, 1914, and
$4,000 on September LIST in the years
1945 to 1853, both inclusive, which ma
turtles are hereby determined to be in
substantially equal annual installments
SECTION II: That said bonds shall
be prepared by the Director of Law,
signed by the City Manager and Director
OF Finance, sealed with the corporate
seal of said city, and recorded in the Of
flee Of the Sinking Fund Commissions
shall express upon their face the purpose
Tor winch 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 Hamil
IN Cs1.t.I
executed 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
numbers rs the Director of Finance and
the proper officers of the city shall de-
termine.
SECTION III That upon the sale of
said bonds any premium and accrued
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
as follows: Linden Street from the east
line of Front Street east distance of
approximately 200 feet, $3SS.40, and
shall be diSburSed from said fund on
proper vouchers in payment of the ex-
pense of the improvements aforesaid
and to the payment of the notes here
tofore issued for said purposes, and the
interest thereon, for which purposes said
money is hereby appropriated.
SECTION ": That all installments 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 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
bonds hereinabove described, in accord
ance with the laws and constitution Of
% flf 70 nf
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 suf-
ficient to discharge the said serial bonds
at maturity, there shall be and is hereby
levied on all taxable property in the City
or Hamilton, Ohio, in addition to all
other taxes a 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 fall due and also to pro
vide fund for the discharge of the
principal of said serial bonds at ma
| turity, which tax shall not be less than
, the interest and sinking fund tax re-
quired by Section IL, of Article IL of
the Constitution. Provided, however that
in each year that the assessments an
ticipated by said bonds are payable and
are applicable to the payment of such
interest and principal and are appropri-
ated for such purpose, the amount of
the tax shall be reduced by the amount
of the assessment so appropriated. Said
tax shall be and is hereby ordered com
puted, certified, levied and extended upon
the tax duplicate and collected by the
same officers and in the same manner
and at the same time that taxes for gem
| eral 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 levies hereby required shall be
| placed in a separate and distinct fund
| which together with interest collected
| on the same shall be irrevocably pledged
| for the payment of the principal and in
| terest of said bonds when and as the
| same fall due.
| SECTION VII: That the City Clerk is
| hereby authorized and directed to Ger
! tify a copy of this ordinance to the Au.
ditor of Butler County, Ohio, according
| to law.
| SECTION VIII: This ordinance shal
| take effect and be in full force and ef.
| feet from and after the earliest perioc
allowed by the charter of the City o1
| Hamilton Ohio
Passed: August 19, 1912.
LEO j. WELSH, Mayor.
Attest: ADELE EDMONDS,
City Clerk.
Aug 2S-1t