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<br />) <br /> <br />it <br /> <br />~ <br /> <br />, <br /> <br />~ <br />dp <br /> <br />, <br /> <br />Section 4: That to provide a fund for th.è Jiu.ymont ßf the :portion <br />:of the '100,>1;. a.rld expenee of eaid oonneoti om~. . for WhiQh the specia.l (¡!èøefi¡¡3~ <br />ment 4erein is levied, the lla:for and DirèQto;l:' 01:' F1nl'ì.noè be a.nd lIl.ey. V.re <br />here'by authorized to borrø'W monéY ~,nd therefor ~aaue notes of the Cl ty of <br />¡'¡¡'kewood, in ant1oipatlorl of t4ø oolleot1otJ of sll1d. spøcllÙ 1;IH¡OEJSments in <br />theaggreg~te aWJ Qf~6200.00. SuOh noteo shall bò èißned and sealed aO <br />MU.n1QiPa.l bonds a~e signed and øealedt. They sl~ll bear interest at the <br />rate 01' not toexoeed .b pOTcent (6~1 per annum. f'ro¡;¡ da.te of ieliJ\H3. j)a.y- <br />able eem:\.-annually on April 1at änd Ootober let, and s11.al1 'tn.! pr,yo.1I10 one n <br />the firfJt d;.\' of Ap:ril. ;1.921. å.nd Qne every six montlw therèt1fto1' until rÜJ <br />are paid and r¢tired.Sa.~d nQtes dl').¡~ll recite upon their fc,oe th,?t they <br />are iSl:!ued for the 'Purþ01Je of inottÜ1ing sewer and w,),te:r connèctton!3 ill <br />La.ke1<'1.nd ;AVNJtHh All RatlelHIr!\ente collê¢ted f'ór$f1id improvement, and all <br />unexpended'b¡¡.lanoes rornaininü in the fund after thè ooøt e.nd eJt-penoe( Qf <br />the improvement } ¡,ve been paið., .IIOOJ.l be e.ppl1ed to the þHyment of th¡;¡ not <br />and the inter':>fJt thereon until both !\\re fullY 'Pllld. <br /> <br />{ <br />'" <br /> <br />(}2. <br /> <br />~ <br /> <br />J,;>.,'t¡, <br /> <br />aeot1on,~ 'the fu1.l faith and revenue 0:1" the ci tYlilf Ls.kewood, Ohio, <br />are 4ereÞy pledged to the po.yroentof Illrid notes and the interufJt thereon. <br />U within the time above specif1.d p.nd bef'o:l'Ø th. !.tale of øaid notes any <br />Or the ()WnèX'$ of Bä:!.d property ahallpny tho:l.r tòtn.l n.ssOaS1!!6nt in oa¡¡¡h. <br />t4e aggrega.te sun of notlil:I 1;1> bO 1ßsuedshl'tll be ;rodueed by deduc¡ting the <br />artlQunt so paid 1n OajÙI. fro"" the tota.l &.n1ountof the f\lnclto be pl'ovided. <br />and the notea iSßuedøhall bo sever¡,lly 1'0(11.108<1 1n amount proportiütlt1.toly <br /> <br />Soetion 6: 'th<yt upon thtil sa..1.e 0:1" paid noho the þroeeed,s thèl'ØÒ1" <br />together wit11. 1".ï0l1ØY¡'¡ rooø:!.vedfro¡í1 oar¡h þs.;''IJ1ents of said aI3S"HIß¡~el1ts. <br />s6a.11 þe -placød i:n t M C:I. ty 'hetuilU;J:'y ~md d1 Gbursed Upon pro}'eX' vo uehars <br />in payroGnt of' the Gost and ex:pens$ of the i.mprovement af'oreaa!<l. <br /> <br />o.sae¡¡¡Jmont" Qn<l all <br />of said notes and the <br />to no other þ\~rpÒ5e <br /> <br />Section 7t TJñ Ga!d ~nnu~l þ~ymonts of a~id <br />'Portions thereof'. shall be a])pl:l.ed to the pnymollt <br />interest theTeou. as the same shall becoroe due ~nd <br />wb.atsOGver. <br /> <br />Section 8~ Th¡;¡t for the purpooe of proviô.ing fund:; in an umount <br />Guf'fiçient to )1ay the prlnei,nd and inte¡.'<mt oÜ l3:.1.id notcH;, and to pro- <br />vide the sinking fund for the fin&l reùmnþtion of s\10h portion of $0.1<1 <br />notes and inter~!Gt as øball not '00 1\8,id by the asaea(¡nJent o.rOrf.Hlt'1.id, <br />there shall be EH!d is hereb" levied U'pon all the :r~ml ånd þeI'ßom1.l r.ro}Jer- <br />ty in the Cityof I./.!.k&wood. O%d,Q, a direct Ð.l'mual ta;c il1 addition to £111 <br />othel' taxes. tmffioHmt for said '1"1.1r))ol3oa: the anount tlwreof sht;;ll be <br />¡¡.soertained. levied and oertified by the proper tl'"X authori tiea of' said. <br />City. annually. and ahall be çol\ooted 11$ other ta.:¡¡;ea o.ro oollected. <br /> <br />ßection 9: '1'hr..t an emar(jOlH)Y eäiata for the ir:nnúd1atc prQ!>eri'at,!on <br />of the l>u'blie he(),l th. ,)!'oþerty E;nd (;s,f¡ety. nJ:'j.uin¡¡; <H~t of the nee!>:.;!)! ty <br />of the 1!¡¡¡:¡elliate constJtuot1onO!' lJu:l.d conneotions and. thorefo:t'e this <br />ordina.noe ühall ta,I~c effect forthwith 11.11(1 nt the aarlieQt poriod t1tllowed <br />by 10.w. <br /> <br />L. A 1!iJ,d~e <br />~ Z'(widant, Protem <br /> . <br />A. 0 CIµJld. --Cierk .. <br /> þW"''''-..c <br /> <br />Adopted: <br />/1:1'1-11 19t1.l 1920 <br />Approved.: <br />~-~. ill <br /> fut,nyõT <br />