The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1952-12-04


ORDINANCE NO. 6-S-1s52
PROVIDING FOR THE ISSUANCE OF
NOTES OF THE VILLAGE OF BLUFFTON
IN ANTICIPATION OF THE ISSUANCE
PART OF THE COST AND IN ANTICIPA-
TION OF THE LEVY AND COLLECTION
OF SPECIAL ASSESSMENTS AND ISSU-
ANcE A1AINc OF BONDS TO PAY THE PROPER
CONSTRUCTING A MAIN INTERCEPTOR
SEWER AND BIG RILEY INTERCEPTOR,
LITTLE RILEY INTERCEPTOR, AND ELM
STREET INTERCEPTOR SEWERS IN GEN
CLARING AN EMERGENCY.
WHEREAS, the Villages part of the cost
and expense OF constructing the hereinafter
mentioned sewers is 10000. and the property
BE TT ORDAINED by the Council of the
Village of Bluffton, State of Ohio.
Section l. That 1t Is hereby declared nee
essary to issue the bonds of the Village of
Bluffton in the principal sum of $3.50, 900, to
pay the Villages part of the cost and in an
| ticipation of the collection of special assess
ments to pay the property owners portion of
/ the cost OF constructing a main interceptor
/ sewer and Big Riley Interceptor. Little Riley
Interceptor, and Elm Street Interceptor Sew
ers in General Sewer District No. 1.
Section 2. Said bonds shall be dated ap-
proximately December ], 1853, shall bear in
/ terest at three (39o) per centnr, per ennuru
payable semi-annually until the principal sum
| is paid, and shall mature In 20 substantially
4
ance.
8. For the purpose of raising money in
| anticipation of the issuance of bonds to pay
| the villages portion of the cost of said Inn
provement and In anticipation of the levy OF
| special assessments and issuance of bonds tc
pay the property owners portion of the cost
Of said improvement, in accordance with the
| legislation heretofore passed by the Village
/ Council with respect thereto. IL is hereby de-
| clared necessary to issue and there shall be
issued. notes of said Village in the amount
of $3.50, 900.
| Section 4. Said issue shall consist of notes
of such denomination as the purchaser shall
desire. numbered consecutively beginning with
one. dated Dec. 1, 1852. due and payable
of two and one quarter per centum (2A) per
annum, payable at the maturity of said
notes. Both principal and interest shall be
payable at The Citizens National Bank of
Section S. Said notes shall express on their
| face the purpose for which they are issued
that they are issued pursuant to this ordi.
nance and shall be signed by thee Mayor and
/ Clerk and sealed with the corporate seal of
| the Village.
| Section 6. Said notes shall be the full gen.
eral obligations of the Village, for the pay
ment of principal and interest of which the
| full faith and revenues of the Village are
hereby pledged. Said Village also hereby
pledges itself to levy assessments to pay the
property owners part of the cost of the i'm
provement in anticipation of which these
notes are issued and to issue bonds in anti
cipation of the collection of such assessments
The proceeds of the sale of said bonds and
any excess funds above the actual cost result
ing from the issuance of such notes are here
by pledged for the retirement of the notes al
maturity. The assessments collected for the
Improvement shall be applied to the paymen,
of the notes and interest thereon until both
are fully paid and thereafter such assessments
shall be applied to the payment of the bonds
to be issued and the interest thereon. In the
event that assessments are not levied or bonds
IN do ft1pd fnr fha -,
the notes at maturity, general tax shall bt
levied on all the taxable property of the vii
lage sufficient to pay said notes and the in
Section z. During the year or years Will,
such notes run there shall be levied on al
the taxable property in the Village of Bluff
ton, in addition to all other tases and outsd,
OF tax limitations, direct tax annually no
less than that which would have been leviet
II bonds had been issued without the prio
issue of such notes.
notes by the Board of Trustees of the Sink
Ing Fund. said notes are hereby awarded an,
sold to Ryan, Sutherland and Company, O
Toledo, Ohio, at not less than par plus ac
crued interest in accordance with their writ
, ten offer of purchase dated Sept s. 1852
Out of the proceeds of sale, the accrued in
terest II any, together with such amount a
may be necessary to pay the interest accruin
set aside and transferred to the Sinking
, Fund; and the balance of the proceeds 0
such sale shall be paid into the proper fun
and used for the purpose for which said note
are being issued under the provisions of thi
ordinance
Section 9. The Clerk is hereby directed I
i send a certified copy of this ordinance to til
! \ County Auditor of Allen County.
Section 10. This ordinance Is hereby do
ciared to be an emergency measure necessar
for the immediate preservation of the publ
! peace, health, and safety, and for the furthe
, reason that it Is Immediately necessary I
construct the sewers herein provided for |
order to provide adequate sanitary sewerag
! facilities for the village and its inhabitants
wherefore this ordinance shall take effect in
rnediately upon It's passage and approval.
= w. A. HOWE Mayor
: Attest: A. J. B. LONGSDORF, Clerk
: /, A. ]. B. Longsdorf, Clerk of the Villas
! of Bluffton. Ohio. here certify that the for,
going is a true copy of Ordinance No. e-S-
. 1852 providing for the issuance of $3.50, OF
y lnterceptor Sewer Improvement Notes and
: the minutes of Council meeting showing Il
: vote thereon.
Q N-s4 A. ]. B. LoNGsDoRF. Clerk
= = NOTICE OF DRAWING OF JURIEs
In compliance with Section 114l9-23 of Il
!, General Code of Ohio. notice is hereby give
that on the llth day of December. 1852.
1900 A. M. petit and grand juries will
drawn for the January, 1858 Term of Cou
lof Common Pleas of Allen County, Ohio.
Il Said drawing shall be held in Court Roo
: No. l, Court House. Lima. Ohio.
HAROLD SCHAUBLIN,
n CLARENCE l.. McCray
! Allen County Jury Commissioners
By: DORIS L. DURAN.
ss Clerk 80 Jury Commission
tDec. ~