The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1944-01-28
ORDINANCE NO. 1896.

To borrow money by issuing note or
notes in anticipation of the issuance
of bonds to be issued in anticipation
Of the collection of special assess
ments to pay the cost and expense OF
e ara Hign1ana Avenue re to tine
north line of Sanders Highland Park
Subdivision (The Circles), in the First
Ward Of the City OF Hamilton, Ohio,
by paving the same with a permanent
material such sheet asphalt, as
phaltic concrete, Warrenite bithulthic,
concrete, brick, or any other type OF
constructing sidewalk, curb and gut
ter, sanitary sewer connections and
water service connections
BE 1T ORDAINED by the Council of
the City of Hamilton, Ohio:
SECTION /: That it is deemed neces--
sary to borrow money in anticipation OF
the issuance of bonds to be issued in
anticipation of the collection OF special
assessments to pay the cost and expense
of improving Park, Avenue from the
south side of Highland Avenue to the
north line of Sanders Highland Park
Subdivision (The Circles), in the First
Ward of the City of Hamilton, Ohio. by
paving the same with permanent ma
terial such as sheet asphalt asphalt1c
concrete, Warrenite bithulithic, con-
crete, brick, or any other type of ma
structing sidewalk. curb and gutter,
sanitary sewer connections and water
service oeon conneetions; as PROVIDED pro, dea IN N
Ohio in the sum of $5,94779, the esti-
mated amount of said assessment
SECTION II: 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
of not to exceed six per cent per annum,
and shall be dated as of date of the issu-
ance and said note or notes shall be due
and payable on or before two years from
the date thereof Said note or notes shall
express upon their face the purpose for
which they were issued, that they were
issued in pursuance of this ordinance
and in accordance with Section 2293-24
of the General Code of Ohio and shall
be signed by the City Manager and 1.-The the
Director of Finance of Hamilton, Ohio
and sealed with the corporate seal OF
said city.
and credit of the City Of Hamilton Ohio
said notes hereinabove described in ac-
cordance with the laws and constitution
of the State of Ohio; in the event that
assessments are not levied or bonds are
not issued to provide fund for the pay
ment of such notes at maturity, there
shall be and is hereby levied upon all
of the taxable property Of the City of
Hamilton, Ohio, in addition to all other
taxes a direct annual tax sufficient TO
pay the interest and to create sinking
fund to redeem at maturity the above
provided for notes. which tax shall not
be less than the interest and sinking
fund tax required by Section ! of Arti-
Gle 12 of the Constitution. Provided,
however that in each year that the
assessment anticipated by by SAID sal notes tsss
payment of such interest and principal
and are appropriated for such purpose.
the amount of such tax shall be re-
so appropriated The amount of said tax
to be computed by the taxing authori-
ties and to be certified to- the proper
officers, and the same shall be levied