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<br />lI.:NORDUANCE N~'t
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<br />AN ORDINANCE "tòa.mêû!i'Sectiona 4 and, of O.rdinance No.
<br />1476, entitled, -AN Ol{PINANCE determining to proceed wit4, and
<br />levying anda$ses5~nga $pecialtax to pay the cost and expense of
<br />improving Olarenoe Avenue from Madison Avenue to Fischer Road by con·
<br />etructing sewer .main #)f vitrU'iedøßwet pipe. therein, witñ necessary
<br />manhQles, oat¢4-baains,¢urb <lonnections a!3 per èstimate, e.nd other
<br />¡¡.ppurtenanoes; and !i-uthörizing f;h.e ~yo:r u,nd :Direotor of Fina.nceto isaue
<br />'bøndsin th.eliJum. of benty..two1'hQUI;la.ndOne Hundred '.t'h.irty ($22,130.00)
<br />J)oUaJ."S, in e.ntic:Lpation of the' aa.U spedal tax to lirovide a. f\1nd for
<br />the päymént af the portion ...,ti;h.e<lut li.nd expense d said il!lp:rovement
<br />fOr which aaid épecia.l tax is levied.- a.nd repealingsa.id origina.l
<br />Sections 4 and 5 øf said OJ."dinance No. 1476, and deola.ring an emergency,
<br />
<br />Hildie
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<br />1,72
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<br />state of
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<br />oity of Lakewood.
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<br />:BE ;tTORDAlm~D by the CO\.lI).Qil of the
<br />two-thirds of all members conourring:
<br />
<br />:1.476. adopted
<br />entitled:--
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<br />That Sections 4 and 5 of Oråi~anoe ~o.
<br />the Cny of La1s:ewood~ A~gUGt 25'th_;l.919,
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<br />Section 1:
<br />by the CO\1ucil 9f
<br />
<br />Ohio
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<br />"ð_'
<br />ltAN GRDINÞ.NCE g,ete;rmining .to proeeed. wi th, and lev,1ng a,nd
<br />fl,sEles!3ing a s:pec:Ld. tax to pay t4e. fest fl,nd fJXpEmseof improving Claren<:e
<br />Avenue, from Madieon Avenue to F1s04e1' Road, by construoting sewer main
<br />4f vitr~fied sewer pipe. therein, with necessary manholes, cätch-ba~ins.
<br />éUrb oønneçtions as pereetimate. e.nd other e.ppurtenanoee; and authþriz-
<br />:Lng the)!:ayòr and Director of Fins,nee to' .issue bOndfil in the .um. of' twenty-
<br />two~ Thousand One Hundred Thirty (~22,130.00) Dollars. in antioipat;onof
<br />the said epeoial tax to provide a f'und for the payment of the portión of
<br />the'oost and expense of said. impronment for which Bàid speoial tax is
<br />levied. ø
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<br />Section 4: ï4at\he owners of t4e êev8ral lots or parcels of
<br />lad included in said aS8e.ssment ehall pay the amounts froliJ them severallY
<br />due as øhown by Column No. 30f said Estimated Assessment No. 433 to the
<br />City Treasurer on or betors th~rty days from the date of t4e passage of'
<br />this ordine.nee, at their optio¿, and in def;3.ult thereof s¡¡.idepecie.l
<br />a.Elsessment with interest at t4erate of 6pér óent\1tll per annum, û::pon .de-
<br />ferred' payments, shall be payable to the County 'rreasurer in ),0. annual
<br />installments with the ~egular taxes of' 1920 andl929! both inclusive.
<br />
<br />f'ollows
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<br />amended to read as
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<br />hereþy
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<br />and the same is
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<br />be
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<br />Section 5': That to provide a f\1l'ldfor the payro6ptof the portion
<br />of th.e cost and expense for whioh the special assess_rit herein..is lev~ed
<br />for said improvement. the 14ayoJ." and Directo:r of Finance be,ø.nd they are
<br />hereby a\1thoriZed. to issue 10 bonds of the Oityof Lakewood, Ohio, in the
<br />aggregate s\1tll of Twenty.two 'rhouB/lnd One Hundred Thirty ($22,130.00)
<br />Dollars, ~f'whichbonds, one bond in the sum of Two.Thouaund Two Hundreð.
<br />Thirteen ($2.213.00) Dollars shall be due and payable On Octobe:r 1st.
<br />1921, ~nd one bond in the sum. of Two Thousa.nd Two Hundreð. Thirteen
<br />($2,213.00) Dollars, shan be payable eø,ah year thereafter with interest
<br />thereon at the rate of 6% per annum, payable semi"annually on April 1st
<br />and Ootoberlst eaCh year. \1l1.tll all of the said bonds have been duly
<br />paid and retired. Said bonds so authorized to be issued shall be dated
<br />day 9f sale, shall be signed and sold by 8ai4 Officers as provided by
<br />law and the proceeds thereof ¡ hall be applied to the payment of the cost
<br />and expense of suidimprovement as af'oresaid, and to noot.her purpose,
<br />whatsoever. ,The full faith al1.d revenue and all the real and personal
<br />property of the City of LaÞ;ewood, Ohio, are hereby pledged to' the pay-
<br />ment of said bonds and the iriterest thereon. If within t.hè time above
<br />specified and before,thê sale Qf said bondsli\.ny' of the owners of said
<br />property shall pay their total assessment in cash, the aggregate sum. in
<br />bonds to be issued shá.ll be red\1ced by (leduct1ng the [ .l1l0\1l'lt '$ø paid in
<br />ca¡:¡h from the total amount of the "fund tò be proV'ided,a.ndthe bonds
<br />issued shall be severally reduced inam~un~proport1onatelY.
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