The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1945-05-25
Legal Advertisements

Hamilton, Ohio, by constructing sanitary
sewers, manholes and house connections
from the main line to the curb line where
necessary as provided in Section 2293-24
of the General Code of Ohio, in the sum
OF $l,576.S0, the estimated 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
OF not to exceed six per cent per annum
and shall be dated as of date of the is
suance, and said note notes shall be
due and payable on or before two wears
from the date thereof. Said note or
notes shall express upon their face the
purpose for which they We're issued that
they were issued in pursuance of this
ordinance and in accordance with Sec
tion 2293-24 of the General Code of Ohio
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
are pledged to the prompt payment of
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 Ham
ilton, Ohio, in addition to all other taxes
a direct annual tax sufficient to pay the
interest and to create a 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 II of Article II of
the Constitution. Provided however.
that in each year that the assessments
anticipated by said notes are PAYABLE
and are applicable to the payment of
such interest and principal and are APP
propriated for such purpose, the amount
of such tax shall be reduced by the
amount of the assessment so appropri-
ated. The amount of said tax to be com
| puted by the taxing authorities and to be
4 certified TO the proper officers, and the
/ same shall be levied and collected as
/ other taxes are levied and collected
said tax shall be placed before and in
preference to all other items and for
4 the full amount thereof, and all funds
! derived from said levies hereby requir-
ed shall be placed in a separate and dis
! tinct fund which together with all in
4 terest collected on the same shall be ir-
/ reVocably pledged for the payment oil
| the interest and principal of said notes
when and as the same fall due.
SECTION ": That the proceeds ariS.
ing from the sale of said notes shall be
placed to the credit of the fund for the
| payment of said Improvement and all un-
! expended balances remaining in sale
i lund after the cost and expense of the
| Improvement have been paid and The
proceeds of all bonds sold in anticipation
| of the collection of deferred inStallments
ol assessments ana dli cash tyiiieHtS o.
assessments shall be applied to the pay
ment of said note or notes and interest,"
thereupon until both are fully provided
| for
SECTION V: That the Director o1
Finance be and he is hereby authorized
to issue his warrant to the Treasurer il
payment for the cost of said improve
ment.
SECTION VI: This ordinance shall
| take effect and be in force from anC
after the earliest period allowed by the
charter of the City of Hamilton, Ohio
Passed: May 16, 1915.
LEO j. WELSH Mayor.
Attest: ADELE EDMONDS,
Civ Clntlr