The journal. (Caldwell, Ohio) 1934-1961, 1947-06-12

which maturities are hereby determined
to be in substantially equal annual in
stallments.
For the payment of said bonds and
full faith, credit and revenue of the
Village of Caldwell Noble County, Ohio
is hereby irrevocably pledged, and for
the purpose of providing the necessary
funds to pay the interest on the fore
going issue of bonds, promptly when and
as the same falls due, and also to pro-
said serial bonds at maturity, there shall
be and is hereby levied on all the tax
able property in the Village of Caldwell
Noble County Ohio, in addition to all
other taxes a direct tax annually outside
the 10 mill limitation during the period
said bonds are to run in an amount suf-
ficient to provide funds to pay interest
upon said bonds as and when the same
falls due and also 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.
Said tax shall be, and is hereby ordered
computed, certified, levied and extended
upon the tax duplicate and collected by
the, same officers, in the same manner
eral purposes for each of said years are
certified levied, extended and collected
Said tax shall be placed before and in
preference to all other items and for the
full amount thereof The funds derived
from said tax levied hereby required
shall be placed in a 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 bonds, when
and as the same fall due.
Said bonds shall express upon their
face the purpose for which they are is
sued; that they are issued in pursuance
of this resolution and shall be signed by
the Mayor and Village Clerk and the
interest coupons shall have the facsimile
signature of said Village Clerk printed
or autographed thereon.
1t Is hereby determined that all acts,
conditions and things necessary to be
done precedent to and in the issuance of
said bonds in order to make the same
legal, valid and binding obligations of
said Village have been done, have hap
pened and been performed in regular
and due form as required by law and
that the tax for the payment of the prin-
cipal and interest as the same fall due
and are payable does not exceed any
limitations of taxation of said Village
and that the amount of this bond issue
does not exceed any limitation of in
debtedness as fixed by law
Said bonds having heretofore been Of
fered to and rejected by the officer in
charge of the Bond Retirement Fund and
having heretofore been offered at public
sale and awarded to Ryan, Sutherland
and Company, Toledo, Ohio. the Village
Clerk is hereby authorized and directed
to deliver said bonds as soon as executed,
to said purchaser upon compliance by
them with the terms of their offer
The Village Clerk is hereby authorized
to keep a record of the number amount
sand rate of each bond sold. the amount
received for it, to whom sold and the
time payable.
SECTION Q. The Village Clerk is here
by directed to file a certified copy of this
amending resolution with the County
Auditor of Noble County, Ohio
SECTION 3. That original resolution,
entitled Resolution to Issue Bonds After
Submission to the Electors. passed on
June "a 1916 be and hereby is repealed.
SECTION a. That the resolution be
and hereby is declared an emergency
measure necessary for the public peace.
health and safety of the citizens of the
Village, for the reason that the proceeds
from the sale of said bonds are needed
at once for the purchase of necessary fire
equipment, and shall take effect and be
in force from and Immediately after its
passage.
Passed: June 3, 1947
WARN c. ROGERS,
President of Council
! hereby certify above to be a true
copy of an Amending Resolution
passed by the Council of the Village
of Caldwell, Ohio. on June g. 1947.
VIOLET L. MORGAREIDGE,
Village Clerk
Caldwell. Ohio.
48 40 so