The journal. (Caldwell, Ohio) 1934-1961, 1947-06-19

PASSED JUNE "a 1896, AND DE-
CLARTNG AN EMERGENCY
WHEREAS this Council on the 24tr
day of June, 1916, duly passed a resolu-
ton entitled Resolution to Issue Bonds
viding for the issuance and sale OF
$10.000o0 worth of Fire Apparatus and
Equipment Bonds; and
WHEREAS said resolution provided
that the interest on these bonds should
day Of January and June of each year
and the first interest payment to be on
the first day of June, 1e47; and
WHEREAS Ryan, Sutherland and Com
@ these bonds ] have % Requested @ shat tls i1l 9l
terest payment dates and the date of pay
ment of the first interest be changed to
correspond with the bond maturities; and
pedient to change the interest payment
dates in accordance with the request OF
the purchasers;
NOW THEREFORE. BE IT RESOLVED
by Council of the Village of Caldwell,
Ohio:
SECTION /. That the resolution of
June "a, 1946, entitled ITO Issue Bonds
After Submission to the Electors, auth
orizing the issuance of bonds in the sum
of $l000o.00 for the purchase of Fire APP
paratus and Equipment, be amended to
read as follows:
Whereas, Pursuant to a resolution
adopted by the Council of the Village of
Caldwell. Noble County. Ohio, on the End
day of April, ls46, an election was held
on the date named In said Resolution, to-
wit: the 7th Gay. of May, lS46, upon the
question of issuing bonds for the pur-
pose of purchasing fire apparatus. includ-
ing fire trucks. fire engines and equip
ment therefor in the sum of ten thousand
dollars (S10.00000) of which election due
notice ice w was given according to law and
tors voting on said proposition voted in
favor thereof; and
Whereas It is now deemed necessary
under authority of Sections 2293-2 and
2293-19 to %. inclusive. of the General
Code of the State of Ohio; and
Whereas. This Council contemp1ates the
use of Sl0,00000 of said sum for the pur-
chasing of said fire apparatus as above
set forth.
Whereas, This Council desires a single
bond issue for the foregoing purpose and
the Village Clerk has certified the maxi
mum maturity of said bonds, which
maximum maturity does not exceed his
estimate of the average number of years
of usefulness as measured by the weighted
average of the amounts proposed to be
expended for said Improvements in ac-
cordance with the table of maturities
fixed by Section 2293-9 of the General
Code, and,
Whereas, This Council estimates that a
tax for said bonds will first appear upon
the duplicate for the tax year 1916, and
tie ldh SGtlleIIlGnI WIN Ine
County Treasurer next following the in
clusion of tax for this issue in the an
nual budget by the County Auditor, as
provided by law. will be obtained not
earlier than the first day of September,
1947, now, therefore, be 1t Resolved, by
the Council of the Village of Caldwell
that. for the purpose of purchasing fire
apparatus. including fire engines, and
equipment therefor, there shall be issued
and sold bonds of this Village under
authority of Sections 2293-2 and 2293-19
to q, inclusive of the General Code of
Ohio, in one lot and that the amount of
said bonds to be presently issued shall be
in the principal sum of $l0000.00 Notes
shall not be issued in anticipation of the
issuance of such bonds.
Said bonds shall be dated the 1st day
of June, 1916, and shall be in the de-
of one thousand dollars ($1,-
00o00) each. They shall be serial and
Q0) both numbers inclusive. They shall
bear interest at the rate of one and one
half per centum per annum, (being the
rate at which said bonds have hereto
fore been awarded at public sale) pay
able semi-annually on the 1st day of
March and September of each year, un-
til the principal sum is paid, as evidenced
by the interest coupons attached thereto,
the first interest, however, being payable
on the 1st day of September, 1916. Both
and interest of said bonds shall
be payable at the office of the Village
Clerk in the Village of Caldwell, Ohio
upon presentation and surrender of bonds
and interest coupons as they respectively
mature.
Said bonds shall be due and payable
as follows.