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

pense Of the Improvement Of Pleasant
Avenue Alley from Forest Avenue to
Forest Avenue Alley; and Forest Ave.
nue. Alley from Pleasant Avenue Alley
to Noble Avenue in the Sixth Ward OF
the City OF Hamilton, Ohio, by grading
material such as Sheet Asphalt, As
phaltic Concrete, Warrenite Bitulithic
Concrete, Brick or any other type Of
material as may be determined.
BE IT ORDAINED by the Council OF
the City of Hamilton Ohio, two-thirds
OF all members elected thereto concur
ring:
SECTION L. That it is deemed neces-
sary to borrow money in anticipation of
the collection of special assessments to
pay the cost and expense of the grading
and paving of Pleasant Avenue alley
from Forest Avenue to Forest Avenue
alley; and Forest Avenue alley from
Pleasant Avenue alley to Noble Avenue,
in the Sixth Ward of the City of Hamil-
ton, Ohio, pursuant to Resolution No.
1858 passed by the Council of the City
and in accordance with the plans and
specifications heretofore approved and
now on file in the office of the Direc-
tor OF Finance and the Director of Pub
structed. by grading and paving the
same with permanent material such
as sheet asphalt, aSphaltic concrete,
Warrenite bitulithic, concrete, brick or
~
Gated on the plans and specifications and
estimates of cost, as provided in Section
2293-24 of the General Code of Ohio, in
the sum of S2,521.S9, the estimated cost
of said Improvement.
SECTION II: That the City Manager
and Director of Finance of the City of
Hamilton, Ohio shall issue notes in the
amount of the monthly or semi-monthly
estimates of the Engineer on said i'm
provement; said notes shall bear interest
at rate not to exceed six per cent per
annum, and shall be dated on the date
the estimate for the payment of which
the note is issued becomes due and pay
able, and said notes shall be due and
payable on or before two years from the
date thereof Said 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 229324 of the
General Code of Ohio, and shall be sign
ed by the City Manager and the Director
of Finance of Hamilton, Ohio, and seal
ed 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 hereinaboye described, in ac-
cordance with the laws and Constitution
of the State of Ohio, and that there shall
be and is hereby levied upon all of the
taxable property of the City of Hamil-
ton, Ohio, in addition to all other taxes,
direct annual tax sufficient to pay the
interest and to create a sinking fund to
for notes, which tax shall not be less
than the interest and sinking fund tax
required by Section IL of Article IL of
the Constitution Provided, however, that
in each year that the assessments antic-
ipated by said notes are payable and are
applicable to the payment of such in
tereSt and principal and are appropriated
for such purposes the amount of such
tax shall be reduced by the amount of
the assessment so appropriated The
amount of said tax to be computed by
the taxing authorities and to be certi-
fled 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 the full
amount thereof, and all funds derived
from said levieS hereby required shall
be placed in separate and distinct
fund, which together with all interest
collected on the same, shall be irrevoc-
ably pledged for the payment of the in
terest and principal of said notes when
and as the same fall due.
SECTION w. 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
uneXpended balances remaining in said
fund after the cost and expense of the
improvement have been paid and the
proceeds of all bonds sold in anticipa
tion of the collection of deferred install
ments of assessments and all cash pay
ments of assessments shall be applied
" the pay lIleHl VI Sdiu ilOlcS anu lIiIeISSt
thereon until both are fully provided
for.
SECTION V: That the Director of
Finance be and he is hereby authorized
to issue his warrant to the Treasurer in
payment of said monthly estimates for
the cost of said Improvement as they
become due and payable.
SECTION VI: This Ordinance shall
take effect and be in force from and
after the earliest period allowed by the
charter of the City of Hamilton, Ohio.
Passed: May j, 1916.
WILLIAM BECKETT, Mayor.
Attest: ADELE EDMONDS, City Clerk.