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1585 - 20 Issue certificate of indebtedness
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1585 - 20 Issue certificate of indebtedness
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Last modified
5/14/2013 3:09:10 PM
Creation date
12/20/2005 3:30:08 AM
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Office Of Council
Document Type
Ordinances
Date
12/20/2005
Date Adopted
4/19/1920
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<br />. ~ ,- <br />. OIID!NM'CE )TO .(~~8' <br />') :Ð~ "lir. stevßn$ <br />{ '" <br />4NORD:n~a:tl!U to if.sué oert1f1oa.tas of 1nø.ebtødnët~::ì in antioipation <br />øf' the gemeX'o.ll'..,.nnø fund. <br />:$1JJ IT O¡.tD^n¡¡~p by the Counø1l of the Q:l.ty at Lake'l'l'ood, stC¡ tc of Ohio, <br />two-thirds of ø,l.l members COI1ôul':r:'lng;" <br />Søotion 1: Th&t in r.tntigiþ!A Uonot the "eneral revenUe fund for thE! <br />f1$oal year òf 1920. it ~óde~mod n~ce0~ary to borrow money lnthè sum <br />øf $1200.00 ànd to (Gsue therefore oertifioates of lndebtednosßand that <br />the Knyor and D1réobr of Flnänoe be and they l41"e h..,eby Quthor1l11ed to <br />borrow 8aid Gunl of $1200.00 ànd to issue and ael1 tJwrefore oertifloatea <br />of indebtedness of the City of ~kewood. Whioh shall 'be elgned aD muni- <br />o~pnl bonds äre Bignè~. 'l'4e BUrn, 80 ällticipahd ìlhåll be deemed a,:pp1'O" <br />priated from the general revenue fund for the p~ent of 81.1oh çertlrl- <br />(lat.-a at root1.lrity. ~he certifioates éh~11 not :run for a porlòdlonger <br />tban $1:\:, fl!ònth1J.nor\!betu· agrðl;1.hr r9.h .C)f 1nterøut than eix per cent. <br />\16%) and nhallnot be 801d tor lees than par with acoX'ued interest. ~ <br />Section 2: Ĺ“hat an emergenoy exists for theusûal daily operation <br />(If' the department of pUblic w(r~s. &n(l for the immediGte yrú!Jervation of <br />PUblio property by reason of the neoes!Jlty of providing said fund wiU.out <br />de lay . 1heref¡,H;'e, thh ordina.noe iß deola.red to be ¿ÜI ernergenoy lIIeaSUre <br />and shall bo in full torce an,l effeot forthwith 41'1d ,.t the etlrl1cst pe:dod <br />a.1J.owed by law. <br />Að.optEl4~ <br /> ~p;t'll 19th.. ~?20 ...!:I..t-A. lindi, <br /> , -resid t, l'rotem. <br />Approvedt A 0 GuUd <br /> Clerk <br /> x¡. :re.. H!ll ._ <br /> MayoX' <br />
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