Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1954-07-15

interest payable semi annual
ly on June first and December
first of each year, beginning
June l, 1855 until the princi-
pal sum becomes due and
payable at the rate set forth
below and with interest on any
overdue principal, and Ito the
extent that payment of such in
terest is enforceable und er
applicable law on any overdue
installment of interest, at
rate per annum one percent
age point in excess of t h a t
specified below for the parti-
cular bond. Said Improvement
Bonds shall mature and bear
interest as follows:
Bond Numbers 1-3, Coupon
Rate 3-A, Amount and Matur-
ity Date 5000 Dec. i, 1865.
Bond Numbers 4-6, Coupon
Rate 3-A, Amount and Matur-
ity Date 5000 Dec. l, 1856.
Bond Numbers 7-9, Coupon
Rate 3-A, Amount and Matur-
ity Date 5000 Dec. l, 1857.
Bond Numbers 1912, Coupon
Rate 3-A, Amount and Matur-
ity Date 5000 Dec. /, 1858.
Bond Numbers 1915, Coupon
Rate 3-A, Amount and Matur-
tiy Date 5000 Dec. l, 1859.
Bond Numbers 1919, Coupon
Rate 3-14 Amount and Matur-
thy Date 1000 Dec. /, 1860.
Bond Numbers, 20-23, Coupon
Rate 3-H, Amount and Matur-
tiy Date 1000 Dec. /, 1861.
Bond Numbers 24-27, Coupon
Rate 3-A, Amount and Matur-
ity Date 1000 Dec. /, 1862.
Bond Numbers 1881, Coupon
Rate 3-l4, Amount and Matur-
ity Date 1000 Dec. /. 1868.
Bond Numbers, 32-35, Coupon
Rate 3-4, Amount and Matur-
ity Date 1000 Dec. l, 1864.
Bond Numbers 36-4O, Coupon
Rate 3-14, Amount and Matur-
ity Date 5000 Dec. /, 1865.
Bond Numbers 41-45, Coupon
Rate 3-l4, Amount and Matur-
ity Date 5000 Dec. /, 1866.
Bond Numbers 1850, Coupon
Rate 3-14, Amount and Matur-
ity Date 5000 Dec. l, 1867.
Bond Numbers 51-55, Coupon
Rate 314, Amount and Matur-
thy Date 5000 Dec. /, 1868.
Bond Numbers $3.50, Coupon
Rate, 3-A, Amount and Matur-
ity Date 5000 Dec. /, 1869.
Bond Numbers GIGS, Coupon
Rate 3-14, Amount and Matur-
ity Date 5000 Dec. /, 1870.
Bond Numbers 66-7O, Coupon
Rate 314, Amount and Matur-
ity Date 5000 Dec. /, 1871.
Bond Numbers TITS, Coupon
Rate 3-14, Amount and Matur-
ity Date 5000 Dec. /, 1872.
Bond Numbers 1880, Coupon
Rate 3-14, Amount and Matur-
ity Date 5000 Dec. l, 1878.
Bond Numbers 81-85, Coupon
Rate 3A, Amount and Matur-
ity Date 5000 Dec. l, 1874.
Improvement Bonds maturing
on and after December l, 1865,
shall be subject to redemption
in whole or in part in inverse
numerical order, but by lot in
the case of bonds of the same
maturity, on any interest pay
ment date on and after Decem-
ber l, 1864 at 1922 percent of
par if redeemed on or before
December l, 1867, 102 percent
of par if redeemed thereafter
and on or before December /,
1870, and 101 percent of par
if redeemed thereafter, plus in
each case accrued interest to
the date fixed for redemption,
by notice, specifying the
numbers of the Improvement
Bonds to be called, published
by the Trustee on behalf of the
Municipality once a week for
two consecutive weeks in a
newspaper of general circula-
ton in Cleveland, Ohio, h e
first publication to be not more
than forty (40) nor less than
thirty 900 days prior to the
date of redemption, upon which
date all interest upon the I'M
provement Bonds so called shall
cease except for Improvement
Bonds as to which default shall
be made, upon presentation, in
the payment of the redemption
price.
Principal and interest thereon
shall be payable at the princi-
pal office of the Trustee here
matter provided for.
The Improvement Bonds
shall be signed by the Execu-
tive and the Fiscal Officer of
the Municipality and shall bear
the corporate seal, and the in
tereSt coupons thereon S h a | |
bear the facsimile signature of
the Fiscal Officer. When used
in this Ordinance, Executive"
shall mean the Mayor, Fiscal
Officer" " shall mean the Clerk
and Legal Officer" shall mean
the Solicitor. Any officer or
board which hereafter succeeds,
by operation of law, to the
powers and duties of any such
officers shall be deemed in
cluded in the applicable Off
cial designation while having
such powers and duties.
The Required Coverage as
applicable to the issuance of