The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1952-09-11

most efficient way to preserve 1t.
The Council of the Avillage of Button.
| Ohio, met in special ses& ion on Sept. 8, 1852,
| with the following members present.: Ger
| hard BUTLER, Delbert McGinnis, Richard
]. Davies, Donald Rean% Clay Henderson.
Absent: Everett A. SHerneister.
An ordinance providing for the issuance of
$3.50, 900 Sewer Improved ent Notes and de-
claring an emergency Represented and read.
Moved by Gerhard BuhleW seconded by Clay
Henderson, that the rule requiring the read
ing of an ordinance on thM e different days be
suspended.
Ayes: Gerhard Butler. Relbert A. McGin-
mis-. Clay Henderson, Dong Ream, Richard
j. Davies.
Nays: None.
Motion carried.
Moved by Donald Ream, &econded by Rich
| ard ]. Davies. that the o#Hinance be placed
! upon its final reading and passed.
Ayes: Donald Ream, Cls4 Henderson. Rich
ard ]. Davies, Delbert A. NcGinnis, Gerhard
| Butler.
Nays: None.
Motion carried.
AUTHORIZING THE issuance OF,
SEWER IMpRovEMENT 4oNDs AUTHOR
lied BY THE ELECTORS AT THE NOV
EMBER 1850 ELECTION& AND
ING AN EMERGENCY.
WHEREAS, pursuant resolutions here
tofore adopted by this abuncil an election
was held on the 7th day November, 1850.
upon the question of ISIS ing bonds for the
purpose of constructing Wtereepting sanitary
sewers and sewage disnNsal works. in the
sum of $3.50. 900, and of levy of taxes out
side of the ten-mill LIND ation to pay prin-
cipal and interest on sWh bonds and
WHEREAS, at said lection the requisite
majority of those votin& on the proposition
voted in favor thereof, nd this Council now
proposes to proceed VIII the issuance of
notes in anticipation of@he issuance oil such
bonds and
WHEREAS, the Wild e Clerk has certified
that the life or usefu#t ess of the property
and Improvement con r. mplated exceeds five
years, as well as the haximum maturity of
said bonds in accordalXe with No. 2293-9 of
the General Code, With maximum maturity
does not exceed the maximum number of
years required to retinX the bonds as certified
by this Council to t. County Auditor and
Deputy State Supervi RS and Inspectors of
BE 1T oRDAINED& by the Council of the
Village of Bluffton. s bite of Ohio.
Section /. That + the purpose. of con-
structing interceptin# sanitary sci FRS and
sewage disposal worA it is necess y to is
sue and there shall DC issued bor of the
Village of Button the princiu sum of
$3.50. 900 under aut rity of the Uniform
Bond Act of the Gheral Code, nd notes
shall be issssA~Sp n Hicipation TIL of. That
e. e.. H.; &C.; ;iIis?'E II (. IN 49, !, F g. I: iii Il!
instas penis 1871 t&gusnS,
sue r8ss l*antici1 &tion OF the issuance of
said boHU@Tn the sir of $3.50, 900. Said issue
shall consist of not of such denominations
as the purchaser shMI request. dated Oct. 1.
1852, due and payahM one year from date and
bearing interest at 8e rate of two (2To) per
centum per annum URyable at maturity. Both
principal and intere# shall be payable at The
Citizens National Hhk of Blufton, Ohio.
Section 8. Said - es shall express on their
face the purpose e which they are issued
that they are issuedHin pursuance of this or
dinance and shall Ia signed by the Mayor and
Clerk.
Section 4. Subje& to rejection of said
notes by the Board%pf Trustees of the Sink
ing Fund. said not are hereby awarded and
sold to Ryan, SUN rland and Company of
Toledo. Ohio, at plus accrued interest
in accordance with keir written offer of pur-
chase dated Sept. 1852. Out of the pro-
ceeds of sale. the $ccrued interest, IL any,
together with such mount as may be neces-
sary to pay the int&fe accruing on such
notes to the matuf8y thereof shall be set
aside and transferreNRto the Bond Retirement
Fund and the balu8ce of the proceeds of
such sale shall be Fl into the proper fund
and used for the p&pose for which said
notes are being issue under the provisions
of this ordinance.
Section s. Said dkes shall be the full
general obligations a. the Village of Bluff
ton and the full faitk# credit, and revenue of
the village are hereby pledged for the prompt
payment of the SAM The par value to be
received from the sa# of the bonds antici-
pated by said notes Id any excess fund re-
sulting from the issuaSce thereof shall. TO the
extent necessary. be &sed for retirement of
said notes at maturit1# together with interest
thereon, and is herehX pledged for such pur-
pose.
Section 6. During "a year or years while
such notes run there Shall be levied on all
the taxable property III the Village of Bluff
ton in addition to all her taxes and outside
of tax limitations. a rect tax annually not
less than that which build have been levied
If bonds had been isS4ed without the prior
issue of such notes.
Section z. The CleE# is hereby directed to
forward a certified Co of this ordinance to
the County Auditor.
Section s. This OF nance is hereby de-
clared to be an ernera hey measure and shall
take effect and be in q rec from and after it's
adoption. The reason or the emergency lies
in the fact that this ordinance Is necessary
for the immediate pre- rvation of the public
health.
A. HOWE, Mayor
Attest: A.. J. B. Lon# bdorf. Clerk
I hereby certify IL the foregoing Is q
true copy of an Ordinnnce providing for the
issuance of $3.50. 900 Sewer Improvement
Notes. together with minutes of the meeting
% A. J. B. LoNcsDoRF. Clerk