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<br />-) <br /> <br />( <br /> <br />J' <br />. <br /> <br />~ <br />.~ <br />),--- ff¿.. <br />( <br /> <br />~ <br /> <br />Geotion 4: Tl1at to provide & fund tor the þayment .t t4e portio~ of <br />the ooetande:XpiIJnlle ot' said ¢onne4t1on!'J, .fo:rw1tiohtheapooialaasesø¡nent <br />herein 10 levied, t}1ß Mayor and Director of Finanoø belU'Id tney are ho:reby <br />ø.uthorhed to bor.%'ow I!.!onéy and thGre1'ore hl!iueMtea of the Oi ty of Lake· <br />wood, in fintioiphtiòn ~f the colléQtion of .aid .penial $B~Oasmente in <br />t40 aggreggte IImu of $'saOO.OO. Such 110tu shall be s1gned ànd seG.led as <br />munlc!pßl bonds are oigned ànd Béaled. They aball boar interest nt the <br />rate ( f not tø Ct:!Ceeed six per <lånt (6%) per IU1nllm, 1'11.'0111 the dnte of iGauo <br />þaYl.\.bh Oè¡ai·annually on Ap1'1l lot and Ootober lat. and 8heJ.l be paya.ble <br />one on the first day of April. 1921 and Ono .ve~4 $1x months thereafter <br />until all are paid and retir$d. Said notes ~all redite upon their f~c. <br />that the;v are hi3ued for the ¡¡urpo3e of insta.lling liIew(u' tu1d water <lannGo" <br />tions in Riohland Avenue. All a$~eßQn entß colleoted for Bßld improvement <br />a.nrJ all unexpended bal;¡.ncéo l'emaining in the fund atter the. 'eost and ex.. <br />pensea ðf the improvemet have been paid. shall be applied to the payment <br />of the notes ~nd the interest thereon until both are tully paid. <br /> <br />I $eot1Qn ~t 'I'he fun fa.ith Iilnd reVønue of the City of J;.a.kevlood,Oh1o <br />are hereby pl.dged to tho payment of sa.id note!! and the interest thereon. <br />If within the time above aþeeif'1ed and befoX'Ø the Š¡i1e of said notos~ny <br />of the ownu$oí ßQ.ld. proporty. <m'3.l1. pay th<tir totttl n.IH)e¡;sm.ent 4.n Qnb, <br />thee.ggregr:.h SWIl of notes to.'be bauød8h4J.l be reduced by l1edue tiné\: t4e <br />amount $Q pQ1d 1n oash 1'1'0111 tho tota], ß.¡;¡ount of the fund to be provided, <br />and the ;noteo hsued sha.ll be sev6rlit1ly t'eðuoed 1r¡ amount p1'oPQrtioh8.tely. <br /> <br />$eot1on ó; that upon the Bale of naidnotea Ulé þroQeeda thereof to· <br />getber .1tll monöyo reoeived from <lä~hpayments of oaid ausosaments. ehall <br />be pJ.!1.ced 1n t4e city 'h'6I!.GU:ry a.nd d,1I;¡lJureed upon prope:r vouohers in P$:\,· <br />ment or the (lQot ó!.1'ldexpenoe of' the 1mprov4j!;¡ent a.foresaid. <br /> <br />SeQt10n 71 'l'h.,t t;dd annual pay¡uenh of aaldM!3<'WtJmentsø.nd all <br />portions thereof. 81mll be applied to tho pr'Y111ent of said notos and the <br />.ntereot therøQn. 83 the same 8~11 'beco¡ae due and to no other purpoøe <br />Whe!. hoover. <br /> <br />Section 8: 'thn,t f·or the purpose 0;1;' providln{'; funds in the I~mount <br />suffioient to T'f<.Y the ¡;>rinoipul änd interest on snidnote¡:¡, awl to ';)1'0" <br />vide the Sinking }!'ur;d for the final redemptiop of sue portion ofstlid <br />n6to.ß and interfH>t a,sshull not be þl11d 'by tho aB$OUtWlênt aforosaid. there <br />.¡-¡."I.ll be and 1s hereby :Levied upon 1'111 the real and por¡¡orw,l property 11'1 <br />the City of Lakel'loocl. Ohio, a direct annµul tax. in a.ddit10n to i.ll other <br />taxes, suffio1ønt for add purpcl3cs; thel'l.:nount theN!Of sbull be ä$certalned <br />:1.evS:ec1 ¡¡,nd eert1:flod by thepro:per tax author1tiøs of sald City. annually, <br />and s~ll be colleoted ¡a£1 other ta-xoa are colhcted. <br /> <br />. SaQtion 9{ 1bat an emergenoy exists for the irnmed'ate preservation <br />of the pUblio heal tIl. property and sufety. äridr¡g out of' the neceßuity <br />of thølmmed¡¡¡.to ( Q¡¡struct1on of aa.idøonneatj,{)nliland therefore this o:rd.. <br />ina.l1oe sha:Uta.ke effeot forthwith and li>t tl1ø earliest ;period o.l1owed by <br />),ew . <br /> <br />L. A. Hildie <br />PrGs1drmt, ¡·1'o.e11l <br /> <br />A. O. Qllnd. <br />Clerk <br /> <br />12th, l~~O <br /> <br />A~r1l <br /> <br />Adoptcd: <br /> <br />H:I.ll <br />Ma.yor <br /> <br />E. <br /> <br />----nnc-rrrrr-I!"'R"""n'.-----' <br /> <br />Approyeð.f <br /> <br />..k:... <br />