The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1946-05-10

OHIO.
SECTION I: That the bid of Halsey
Stewart and Company, Chicago, Illinois,
on $52, Playground and Recreation
Center Improvement Bonds and $780,
10000 Sanitary, Sewer and Disposal
Plant Bonds, " 20 interest, premium
$2,797.00 be accepted and the same is
hereby awarded to them.
SECTION II: This resolution shall
feet from and after the earliest period
allowed by the Charter of the City of
Hamilton, Ohio.
Passed: May 1, 1916.
WILLIAM BECKETT Mayor
Attest: ADELE EDMONDS, City Clerk
ORDINANCE Mo. 4571
To issue Bonds in anticipation Of the
collection Of Special Assessments for
the Improvement Of Park Avenue from
the South side Of Highland Avenue to
the North line Of Sanders Highland
Park Subdivision (the Circles) in the
Ohio, by paving the same with per-
manent material such as Sheet
Asphalt, Asphalt Concrete, warrenite
other type Of %asssia, '9n as may 81 be sns as.
termined, and constructing sidewalks,
Curbs and Cutters, Sanitary Sewer
Connections ana Water Service Con-
nections.
the Director of Finance to issue his GER
tificate as to the estimated life of the
Improvement constructed from the pro-
ceeds of the bonds hereinafter referred
to, and the Director of Finance has GER
titled to this Council such estimated life
as ten years and has further certified
the maximum maturity of such bonds as
ten years; and
WHEREAS, this Council estimates
that a tax for said bonds will first ap-
pear upon the duplicate for the tax year
1916, 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,
1947.
BE IT ORDAINED by the Council of
the City of Hamilton, Ohio:
SECTION 1: That for the purpose of
raising money in anticipation of the col
lection of special assessments for the
improvement of Park Avenue from the
south side Of Highland Avenue to the
Subdivision (the Circles) in the First
Ward of the City of Hamilton. Ohio, by
paving the same with permanent
concrete, Warrenite bitulithic, concrete,
brick or any other type of material as
may be determined, and constructing
sidewalks, curb and cutters, sanitary
connections, in accordance with Reso-
luton No. 1868, to be paid for in whole
by special assessments, serial bonds of
said City shall be issued in the amount
of $5,140.02. Each of said bonds shall
be dated June 1, 1916, and shall bear in
terest at the rate of go per annum, pay
able semi-annually on June 1st and
December 1st of each year, upon presen-
tation and surrender of interest coupons
to be attached to said bonds bearing the
fac-simile signature of the Director of
as follows: $550.O2 on the 1st day of
June, 1948, and $4,000 on the 1st day
of June in the years 1949 to 1857, both
inclusive which maturities are hereby
IL 10 Ia in, S-rrhc cfov ia11
annual installments
SECTION II: Said bonds shall be pre-
pared by the Director Of Law, signed
by the City wfh and the ct1
and recorded in the office of the Sink
ing Fund Trustees, shall express upon
their face the purpose for which they
are issued and the fact that they are
issued pursuant to law and this ordin-
ance; shall be payable, both principal
and interest at the office of the Direc-
Ohio; shall be issued and sold under
the direction of the Director of Finance,
and shall bear such consecutive num-
bers as said Director Of Finance, or the
proper officers of the city, may deter
mine.
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 PARK Ave
nue. Improvement Fund and shall be dis
burSed from said fund on proper vouch-
ers in payment of the expense of the
Improvement aforesaid and to the pay
for said purpose and the interest there
on, for which purpose said money is
hereby appropriated.
SECTION w: That all installments of
said assessments and all portions there
Of. together with interest thereon, shall
be applied to the payment of said bonds
and interest as the same shall become
due end tS %hat the fath
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 Constitu-
ton of the State of Ohio.
SECTION vi: That for the purpose
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
shall be and is hereby levied on all the
taxable property of the City of Hamil-
ton, Ohio, in addition to all other taxes,
"a rireei S;cb TAX said hnnds are te rmn @ in an
amount sufficient to provide fund for
the discharge of the principal OF said
serial bonds at maturity, which tax shall
not be less than the interest and Sink
ing Fund tax required by Section II of
Article XII Of the Constitution. Provided
however, that in eachayear that the as
sessments anticipated by said bonds 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 by
the amount of the assessment so appro-
priated.
That said tax shall be and is hereby
ordered computed, certified. levied and
extended upon the tax duplicate and col
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 before
and in preference to all other items and
for the full amount thereof. All funds
derived from said levies hereby reQufr-