The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1943-05-28
Ie&al Advertisements

of the collection of special assess
nents to pay the cost and expense of
improving Twelfth Street, from Bon
ON Mclean street to twelfth Street.
and south on Twelfth Street to Lin
coin Avenue, in the Fifth Ward Of
the City of Hamilton, Ohio, by con-
structing sanitary sewers, manholes
and house connections from the main
line to the curb line where necessary.
BE 1T ORDAINED by the Council of
the City Of Hamilton, Ohio:
SECTION i: That it is deemed neces-
the issuance of bonds to be issued in
anticipation of the collection of special
of improving Twelfth Street, from Bon
acker Avenue to Mclean Street, east on
Mclean Street to Twelfth Street. and
south on Twelfth Street to Lincoln
Avenue, in the Fifth Ward of the CITY
of Hamilton, Ohio, by constructing sani-
tary sewers, manholeS and house con-
nections from the main line to the curb
Iine where necessary as provided by
Section 2293-24 of the General Code OF
Ohio, in the sum of $1,S19.6S, the esti-
mated amount of said assessment
SECTION IL: That the City Manager
and the Director of Finance of the City
of Hamilton, Ohio, shall issue note or
notes for the, above amount Said note
or notes shall bear interest at the rate
not to exceed six per cent per annum,
and shall be dated as of date of the
issuance, and said note or notes shall
years from the date thereof Said note
or notes shall express upon their face
the purpose for which they were issued
that they We're issued in pursuance of
this ordinance and in accordance with
Section 2293-24 of the General Code of
0hio, S9 and shall be signed by the City
Manager and the Director of Finance Of
Hamilton, Ohio, and sealed with the
corporate seal of said city
SECTION III: That the faith, revenue
and credit of the City of Hamilton, Ohio.
pledged na 1ant Of
said notes hereinabove described i'm ac-
cofdance with the laws and constitution
assessments are not levied or bonds are
not issued to provide fund for the paw
ment of such notes at maturity there
shall be and is hereby levied upon ali Of
the taxable property of the civ " Of Of
Hamilton, Ohio, in addition to all other
taxes q direct annual tax sufficient to
pay the interest and to create a sinking
! una TO redeem at maturity the above
PROVIDED Tor notes, which tax shall not
be less than the interest and sinking
fund tax required by Section IL Of Arti-
Gle IL OF the Constitution Provided
however, that in each year that the as.
sessments anticipated by said notes 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 nv
the amount of the assessment so appro-
prlated Inc amount of said tax to be
computed by the taxing authorities and
70 be certified to the proper officers and
lle same snail be levied and collected as
other taxes are levied and collected
sad tax shall be placed before and in
preference to all other items and for tha
/ ull amount thereof and all funds de-
rived from said levies hereby required
shall be placed in a separate and dis
tlnct tund, which together with all in
lefest collected on the same shall he ir
revocably pledged for the payment Of
the e interest and principal of said notes
ana as the same fall due
SECTION ": That the proceeds
arising from the sale of said notes shall
oe placed 70 the credit of the fund for
pay pay @yInent OF said Improvement and ali
apneSpended me balances remaining in said
lund after the. cost and expense Of the
have been paid and the
proceeds of all bonds sold in anticina
-ion, of the collection of deferred in
stallments OF assessments and ali cash
payments of assessments shall ha az
'lied 70 the payment Of said note or
notes and interest thereon until hoth
ire fully provided for i
SECTION v: That the Director -
'lnance be and he is hereby authorizad
q issue his warrant to the Treasnrar i
nent. u improve
SECTION VI This ordinance sb.u
axe erect and be in force from and
Z ter the earliest period allowed hv tha
'harter OF the City of Hamilton, Ohio
Passed: May 19, 1943.
14.a LEO J. WELSH, Mayor
Attest: ADELE EDMONDS
Sav % !. City Clerk