The Union County journal. [volume] (Marysville, Ohio) 1875-1951, 1947-03-13

TARY AND STORM SEWERS AND
ALTERING THE PRESENT SAM
TARY AND STORM SEWAGE SNS-
TENS.
WHEREAS, at an election held on
the 5th day of November. 1916, on
the proposition of issuing bonds of
the Village of MarysVille, Ohio. for
the purpose hereinafter stated. in
the sum of One Hundred Sixty-five
Thousand Dollars ($l65, 5,000.00), and
of levying taxes outside of the ten
mill limitation to pay the interest
and principal of such bonds, at least
sixty six percentum of those voting
upon the proposition voted In fa-
vor thereof. and,
WHEREAS, this council has re-
quested the Village Clerk TO issue
his certificate as to the estimated
life of the property, asset or inn
provement proposed to be acquired
or constructed from the proceeds of
the bonds hereinafter referred to,
and the Village Clerk has certified
to this council such estimated life
as exceeding five years. and has
further certified the maximum ma
turity of such bonds as twenty
Years,
NOW, THEREFORE,, he it ordain-
ed by the Council of the Village of
Marysville, State of Ohio,
Section |. That it is deemed nee
eSsary to issue the bonds of the
Village of Marysville in the prin-
cipal sum of S165, 100000 in order to
provide "a fund for the purpose Of
constructing additional sanitary and
storm sewers and altering the pres
ent sanitary and storm sewage sys-
TENS. That such bonds shall be
issued in one lot and that antici-
patory notes shall not be issued in
anticipation of the issuance OF such
bonds.
Section .. That bonds of the Village
of Marysville shall be issued in the
principal sum of $165, 10000 for the
bonds shall he I'm the denomination
of 100000. and said bonds shall be
dated January 1St. 1947, and shall
bear interest at the rate of " %
per annum, payable semi-annually,
on the first day of May and
November of each year begin
ming May lst. 194S that said bonds
have been awarded to the Ohio
Company of Columbus, Ohio, at
said rate of | Y u. Said bonds shall
mature as follows:
$4,000 November /. 194S to 1867
inclusive, except $4,000 in 1851, 1855,
1859, 1868 and 1867.
The principal and Interest of all
of said bonds shall be payable at the
office of The First Natis 2al Bank
in the Village of Marggpille, State
of Ohio.
Section 8. That said Sonds shall
express upon their faC the purpose
for which they are issued; that they
are ikv i9d N pursuance of this or
dinancc, and shall be signed by the
Mayor and Clerk. and sealed with
the corporate seal of said Village.
The interest coupons attached to
said bonds shall bear the fac-simile
signature of the Village Clerk. Said
bonds shall bear such consecutive
numbers as the Village Clerk shall
determine.
Section A. That for the purpose of
providing the necessary funds tO
pay the interest on the foregoing
issue of bonds. promptly when, and
as the same falls due and also 10
provide "A fund sufficient to dis
charge the said serial bonds at ma
turity, there shall be and is hereby
levied on all the taXible property
in said Village of MarysVille. i'm ad-
dition to all other taxes a direct
tax annually durIag the period said
bonds are to run in an amount Suf-
ficient to provide funds to pay in
terest upon said bonds as and when
the same falls due and also to pro-