The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1943-08-13
Legal Advertisements

7ssSrdanes 7ess 74 With z 44 7 Nss 77ss
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1914, 1915, 1916, 1917 and 1924, to be
ments, bonds of said city shall be issued
in the amount of $2,92S.52. Said bonds
shall be in such denomination as deter
mined by the Director of Finance, shall
be dated September |, 194a, and shall be
due and payable $52S.52 on September l.,
1945, and 100000 on September 1st in
the years 1916 to 1949, both inclusive,
to be in substantially equal annual in
stallments, and shall draw interest at
the rate of three per cent per annum,
payable March 1st and September 1st of
each year, upon presentation and sur
render of interest coupons to be attached
to said bonds bearing the fac-simile 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 is
sued and the fact that they are issued
pursuant to law and this ordinance;
shall be payable, both principal and in
terest, at the office of the Director of
Finance of the City of Hamilton, Ohio:
shall be issued and sold under the direc-
tion of the Director of Finance, and shall
Director of Finance, or the proper Off
GERS 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 there
of, together with interest thereon shall
be applied to the payment of said bonds
and interest as the same shall become
due and to no other purpose.
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
anu Is HeTeDy leNleu Oh dll lIie ldAdDle
property of the City of Hamilton, Ohio,
in addition to all other taxes, a direct
tax annually during the period for
which said bonds are to run, in an
amount sufficient to provide a fund for
the discharge of the principal of said
serial 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 and
are appropriated for such purpose the
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 and
extended upon the tax duplicate and col
manner and at the same time that the
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. All funds
derived from said levieS hereby required
shall be placed in a separate and distinct
collected on the same, shall be irrevo-
cably pledged for the payment of the
interest and principal of said bonds
when and as the same fall due.
SECTION VII: This ordinance shall
take effect and be in force from and
after the earliest period allowed by the
charter of the City of Hamilton Ohio.
Passed; August 4, 1943.
LEO j. WELSH Mayor.
Attest: ADEL EEDMONDS
City Clerk
August 13-1t.