The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1945-07-27


Alley to Summer Street;
Summer Street from Lagonda Ave-
nue. to Miami ConServancy Levee;
Second Street from Chestnut Street
to Walnut Street;
Walnut Street from Front Street to
Second Street;
Reservoir Street from Linn Street
to Poplar Street;
Ross Avenue from EdgeWood Avenue
to Lawn Avenue,
Wilson Street from Front Street to
Second Street;
Dick Avenue from Cereal Avenue to
Highland Avenue;
Dixie Highway from Laurel Avenue
to Weller Avenue;
HenSley Avenue from Shuler Ave-
nue. east;
Benninghofen Avenue from Laurel
Avenue north;
Laurel Avenue from Benninghofen
Avenue east;
Sixth Street both north and south of
Dayton Street;
Dayton Street both east and west of
Sixth Street;
Seventh Street north of Dayton
Street;
in the City of Hamilton, Ohio, by con-
structing and repairing concrete side
walks, curb and gutter and curb only,
in accordance with Resolutions Num-
bers 7S47, 7S4S, 7S49, 1853, 1854, 1855,
1874 1878, 1879, 1880, 1881, 1882, 1883,
paid for in whole by special assessments,
bonds of said city shall be issued in the
amount of S2,692.50. Said bonds shall be
in such denomination as determined by
the Director of Finance, shall be dated
August /, 1945, and shall be due and
payable $532.50 on September l, 1947,
and $4,000 on September 1st in the
years 194S to 1851, both inclusive which
maturities are hereby determined to be
in substantially equal annual install
ments, and shall draw interest at the
rate of three per cent per annum, pay
nh 70 IalN WV Let ond 1Cf faf
each year, upon presentation and sur
render of interest coupons to be attach
ed to said bonds bearing the fac-simile
signature of the Director of Finance.
SECTION IL 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 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 accrued
interest realized therefrom shall be paid
value realized from the sale of said
bonds shall be placed in the city treasury
to the credit of the Sidewalk Improve
ment Fund and shall be diSburSed from
| said fund proper vouchers in pay
ment of the expense of the Improvement
aforesaid and to the payment of the
| notes heretofore issued for said purpose
and the interest thereon, for which pur-
pose said money is hereby appropria ted.
| SECTION ": That all installmentS of
said assessments and all portions there
| of hal wit int a
| 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
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
| property of the City of Hamilton Ohio,
| in addition to all other taxes, direct
tax annually during the period for which
said bonds are to run, In an amount sur
ficient to provide a fund for the dis
charge 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 II of
Article XII of the Constitution. Provid-
ed, however, that in each year that the
assessments anticipated by said bonds
are payable and are applicable to the
payment 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 ap-
| propriated.
That said tax shall be and is hereby
ordered computed, certified levied and
extended upon the tax duplicate and col
1 lected by the same officers, in the same
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 be-
| fore 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 fund which, together with
all interest collected on the same, shall
be irrevocably 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 full force and
/ effect from and after the earliest period
allowed by the charter of the City OF
Hamilton, Ohio
Passed: July 1S, 1945.
LEO J. WELSH, Mayor
Attest: ADELE EDMONDS,
4 City CLERK