The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1946-07-12

Street; Seventh Street east side, from
Chestnut Street to Walnut Street; Lud-
low Street from Sixth Street to Seventh
Street; Fifth Street, east side from High
Street to Butler Street; Seventh Street,
east side from Dayton Street to Buckeye
Street; Shuler Avenue from Grand Bou-
levard to Bender Avenue; Highland Ave
nue. from Armo Avenue to Park Avenue;
Progress Avenue from Liberty Avenue
to Elvin Avenue; Fairview Avenue from
Pleasant Avenue to Madison Avenue;
Madison Avenue from Symmes Avenue
to Falrview Avenue Benninghofen Ave-
nue. from Symmes Avenue to Forest
Avenue; Symmes Avenue, south side
from Pleasant Avenue to Benninghofen
from Benninghofen Avenue to Madison
Avenue Madison Avenue from Schenck
Avenue to Woodlawn Avenue; Central
Avenue, west side from Owen Street to
Long Street; McGlynn Street south of
Long Street, by constructing and repair
ing concrete sidewalks, curb and cutters,
curb only, in accordance with Resolu-
1912 1913 1914, 1918, 1928 and 1924, to
be paid for in whole by special assess
ments, serial bonds of said City shall
be issued in the, amount of $2765.46.
Each of said bonds shall be dated Sep
tember l. 1916, and shall bear interest
at the rate of 80 per annum, payable
semi-annually on March 1st and Sep
tember 1st of each year, upon presenta-
tion and surrender of interest coupons
to be attached to said bonds bearing
the facsimile signature of the Director
of Finance. That said bonds shall mature
as follows: $565.46 on the 1St day of
September, 194S, and $55000 on the 1st
day of September in the years 1949 to
1852 both inclusive which maturities
are hereby determined to be in substan-
TALLY equal annual installments.
SECTION II: 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 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 ordn-
ance; shall be payable, both principal
and interest at the office of the Direc-
tor of Finance of the City of Hamilton,
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 accru-
ed 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 treas
ury to the credit of the Special Assess
ment Improvement Fund and shall be
disbursed from said fund on proper
vouchers in payment of the expense of
the Improvement aforesaid and to the
payment OF the notes heretofore issued
on, for which purpose said money is
hereby appropriated
SECTION ": 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 and to no other purpose.
SECTION V: That the faith revenue
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 Constitution
of the State of Ohio.
SECTION VI: That for the purpose
of providing the necessary fund to pay
| the interest 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
| charge the said bonds at maturity there
shall be and is hereby levied on all the
taxable property of the City of Ham
! ilton, Ohio, in addition to all other taxes,
direct tax annually during the period
! for which said bonds are to run, in an
| amount sufficient to provide a fund for
| the discharge 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.
| Provided however, that in each year
| that the assessments anticipated by said
| bonds are payable and are applicable to
| the payment of such interest and princi-
pal and are appropriated for such pur-
| pose, the amount of such tax shall be
| reduced by the amount of the assess
| ment so appropriated.
| 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 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 ef-
| feet from and after the earliest period
allowed by the Charter of the City of
| Hamilton, Ohio.
| Passed July 3. 1916
WILLIAM BECKETT Mayor
Attest ADELE EDMONDS, City Clerk
ORDINANCE No. 4eo4