The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1944-12-15
ORDINANCE NO. 444s

To issue Bonds in Anticipation Of the
Collection of Special Assessments Tor
ley, from Ford Boulevard to Ford Boule-
ward Alley, in the Third Ward OF the
city Of Hamilton, Ohio, by Grading and
Paving the Same with a permanent ma
Concrete, Warrenite Bitulithic, Concrete,
Brick, or ANY Other Type Of Material as
May be Determined.
WHEREAS, this Council has request
ed the Director of Finance to issue his
certificate as to. the estimated life of
the Improvement constructed from the
red to- and the Director of Finance has
certified to this Council such estimated
life as ten years and has further cert1f1ed
the maximum maturity of such bonds as
WHEREAS. this Council estimates
that tax for said bonds will first ap-
pear upon the duplicate for the tax year
1945 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,
1916.
BE TT ORDAINED by the Council of
the City of Hamilton, Ohio:
SECTION I: That for the purpose of
raising money in anticipation of the
Improvement of Poplar Street Alley,
from Ford Boulevard to Ford Boulevard
Alley, in the Third Ward of the City
of Hamilton Ohio, by grading and paw
ing the same with permanent material
such as sheet asphalt, asphaltic con-
crete Warrenite bitulithic, concrete,
may be determined in accordance with
Resolution Number 1852, to be paid for
in whole by special assessments, bonds
of said city shall be issued in the amount
of $1138.03 Said bonds shall be in such
denomination as determined by the Dl-
rector of Finance, shall be dated January
1, 1945, and shall be due and. payable h
sI4s0s on January as41, s.r ana ,sls S4ao.to ~
1856, both inclusive, which maturities
are hereby determined to be in substan--
TALLY equal annual installments, and
shall draw interest at the rate OF three
per cent per annum, payable January 1st
and July 1st of each year, upon pre-
sentation and surrender of interest cou-
pons to be attached to said bonds bear
ing the facsimile signature of the Direc-
tor of Finance.
SECTION II: Said bonds shall be pre-
pared by the Director of Law signed by
Finance, sealed with the city SEAL and
recorded in the office of the Sinking
Fund Trustee; 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
tsrest at the ofee ts OF the ntrectoT nh,o OF
shall be issued and sold under the di-
rection of the Director of Finance, and
shall bear such consecutive numbers as
said Director Of Finance, or the proper
officers Of the city, may determine.
SECTION III: That upon the sale
Of said bonds any premium and the ac-
crued 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
treasury to the credit Of the Poplar
Street Alley Improvement Fund and
shall be disbursed from said fund on
proper vouchers in payment of the ex-
pense of the improvement aforesaid and
to the payment Of the notes heretofore
issued for said purpose and the interest
thereon, for which purpose said money
is hereby appropriated.
SECTION w: 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.
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 main /
tain sinking fund sufficient to dis