The journal. (Caldwell, Ohio) 1934-1961, 1947-06-26

WHEREAS this Council on the oath
day of June, 1916, duly passed a resolu-
ton entitled Resolution to Issue Bonds
after Submission to the Electors, pro.
100000 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. i947; and
WHEREAS Ryan. Sutherland and Com
pany. Toledo, Ohio, the purchasers OF
terest payment dates and the date of pay
ment of the first interest be changed to
correspond with the bond maturities; and
this Council deems it advisable and ex-
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:
June "a, 1916, entitled ITO Issue Bonds
After Submission to the Electors, auth
orizing the issuance of bonds In the sum
of $4,000 90 for the purchase of Fire APP
paratuS and Equipment be amended 10
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, 1916, an election was held
on the date named in said Resolution, to-
wit: the 7th day of May, 1946, 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 ($10,00000) of which election due
at which election 65 percent of the cleo
tors voting on said proposition voted in
favor thereof and
Whereas It is now deemed necessary
under authority of Sections 1882 and
2293-19 to %, inclusive, of the General
Code of the State of Ohio; and
Whereas. This Council contemplates the
use of $10,000.00 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
that the final tax settlement with the
County Treasurer next following the in
clusion of a 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 it Resolved, by
the Council of the Village of Caldwell
apparatus, including fire engines, and
equipment therefor, there shall be issued
and sold bonds of this Village under
authority of Sections 2293-2 and 2293-1s
to %. inclusive, of the General Code ot
Ohio in one lot and that the amount OF
said bonds to be presently issued shall be
in the principal sum of $l0.000.00. 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-