Laserfiche WebLink
<br />'> <br /> <br />( <br /> <br />, <br /> <br />/ <br /> <br />--~"""""""1« <br />.,,~:. <br />f <br /> <br />12. <br /> <br /> <br />~ <br /> <br />Section 4t that to provide a fU~d for the payment of the portion <br />~f t4e OO$t and èxpense of said øonneêtion~. for whioh the speoial ause~ <br />ment 1'1erein is hvied. t40 !~..yor aM D11'èétor ofF1nanae be, a.nd they B<re <br />herøby !t\lthorbed to borrow money and tberofore heue note¡,; of the Q1tý <br />ør Lnkewood. in nntioipat1on óf the èollection of said øpeoial ~ssess~ents <br />În the e.ggreg¡lt\'!EltIm of $7.000.00. 8uoh noto:'! e}w,ll be signed ¡iU1d sealed <br />Iil<G munioipal 'bond4Jå¡'f'J a1gned a.nd sealed. Tbey<ønall béõ¡r intercat at the <br />rute of not to exceed Gix per Gent (6%) per annum, from the dnte of issue. <br />payable 8emi-annu~llyon April 1st and Ootober 1st and s~<ll be payable <br />Qne on the t:iratdn.y of April. 1921 and one every eix 1I10nthn therøafter <br />until all äre paid {\.Ild retired. Gatd notes eMU reoite UPO!l their faoe <br />that they ~re illlsuod for the þurl:)O,1U (If irH'Itr.lllng uower ¡¡,nd "mdler ennneo- <br />tiona 1n :Bunte !toäd.. All e.eecl3$menta Qo1190te<1 for Ga.id improvement and <br />a.ll \.Ù1o:¡çpendedbala.nc;ìe.¡¡ renninin¡¡; in the fund I!.ftar the coat n.nd expenseu <br />Or theimprovev¡ant have been <'·aid. shall be a.pplied to tIlt! pnymrmt of the <br />tL'otès :lnd thé .nterü:at thereon Ufltil both a.r4!í :fullú pß1d. <br /> <br />, <br /> <br />r <br /> <br />Section,t The full fllt th and ~eVènue of the City of Lo.kewood.Ohio <br />are 4ewøby pledgad to the pe.yment of G,Üd notes and theintere::¡t thêreon, <br />It within the time above specif'ied and before the Ga.le of a~id notes any <br />Of the own~rij of 3aid property Blu~ll p~y th~ir tQtal a.saessment ~n cüsh. <br />the ~ggr4gate e~ Of notea to ,be iBGUed shall b~ reduced by deductinG the <br />amount, so !'t1id 1n cash from the total tulrotlnt of ,the fund to be provided, <br />and thl11 notes lsuued eMll be severa.lly reduced 1,1'1 amoUnt Jlroportiouu,tely. <br /> <br />Section 6: ~ha.t upon the salè of snid notes tho proceeds thereof <br />togethor wi<th moneys rècoived frQm oaah p:.yment6 of said as!;;OCiU)11cnta, shal <br />be plåced in the GUy Treasury a.nd diDbur'¡ed Up<)l1 pl"opor vouchers it! pay" <br />ment 0:1;' the cost and tLq"ensa 01' the improvoment á.forcslitid. <br /> <br />$ðotion 7: 'rhr"t sø.id annual payments of ¡¡mid IlOfHlsmnEmts !lnd all <br />þOrtiono thereof, oìw,ll be app~lled to the payment of said notes and the <br />intere"t tha1:O"on, I:¡a thQ ¡¡¡!!.me liJ!:mll beoome due la.nd to no other purpose <br />wlwtsQcver. <br /> <br />$eotion 8: That fOr the þUrpoße of providing funds in a.n llI!!ount ' <br />eufficier¡t to pay the prinoipal andinte1'üat on 91'>i<1 notes, and to pro.. <br />vide the $inkin,/, J?un'i for the final rede:t!ption of such nort1on of eaid <br />notes and intareHt ao ehsU. not be paid by the I'HJf¡e;,ement aforasRid there <br />shall be and is hereby levied upon all the :real rtnd IJÐrOonal property in <br />~le City of Lakewoöd, Ohio. & direct annual tax. in addition to nIl other <br />taxes, auffioient for liwið. purposee¡ the ä!\10unt thereof øhällbe !>scer- <br />tained, levie~ and oertified, by the prOpel" tax authpritieß of ¡¡¡aid City, <br />annu£,lly. Ð.nd shall be oolleoted as otJ1.er t£\XCH1 lirlil oolleoted. <br /> <br />Section 9: That an ðmergenoy exists for the iro:aediate pr<>~ervtd¡ion <br />of the l1ub110 hertlth. properj;y nnt! f$afety, }1.rl;¡ .ng out of tJIO neoessity <br />of tl1C 1mnlødi!1 te Qonstruction of aa.id QOnl1ectlonaand thetefo:re thb <br />o:rdin"nce shull take éffectrort~w~ tll nnd at thE! eQrllßHtl,eriod allowed <br />by la\1. <br /> <br />L. Á. li1ldle <br />iir(widerlt. <br /> <br />1')20 <br /> <br />th <br /> <br />...l!J2! 1l .1 <br /> <br />Adopted: <br /> <br />r'1~otem. <br /> <br />ci(¡-i"l'-'- <br /> <br />Guild <br /> <br />A. O. <br />~,,,.~ <br /> <br />. <br />. <br /> <br />L. ¡!J. .Hil,! <br />r,'a.yor <br /> <br />Al'proved <br />