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<br />) <br /> <br />BY Ur. Stevens <br /> <br />1642 <br /> <br />( <br /> <br />OnDI1I!ANCE NO. <br /> <br />.AN QimINANç:S: to 4T!lsnd Section $ of Ordinanoe No. 1S'93 entitled, -.AN <br />ORDINAliCE dehrmining ~oproeeljld with. ana, l.evying and QSssBs1ng Q speoial <br />tax to pay the oost and expense of improving Waterbu:ry Road between West <br />Uadiaon and Fisoner Road by oonstruoting sewer ~in of vitrified sewer <br />pipe therein, with neoesoa.ry manholes, o/ltoh"baDins.houee oonneotions and <br />other appurtenanoes inoidental theretol and authorizing the Mayor and <br />Direotor of Finance to issue bonde in the ø~ of ~19J300.00 in antioipation <br />of the Go.id spadal ta;t to provide a fund tor tho payment of the portion of <br />the oO!'Jt of' said improvement for Wh;\'Oh said apee;\.a.l tax is levied," and <br />repeaUng aaid original Seotion f) of Ordinance No. 1593 anli deolax'ing an <br />emergenoy. <br /> <br />two· <br /> <br />Sta.te of' OhIo, <br /> <br />the ot ty ot Lakewood, <br />- <br /> <br />:BE IT RJiJ80LV.IDD BY THE COU¡'¡OIL .of <br />thirds of all members ooncurring: <br /> <br />1.920 by <br /> <br />..opted May 17. <br /> <br />$èotionlt That $eotion 5 of ordinanoe No. 1.593. <br />the Counoil of the City Of Lakev/ooli, entitled:- <br /> <br />·AN ORDINAl¡CE determining to prooeed _ith. and levying and e9sessing a <br />sþecia.1tax to pay the oost and expense of improving Waterbury Roa.d between <br />WeC\t Madison and rtsoher Road by o«!nstruóting sewer m¡¡,in of vitrified sewer <br />pipe the:rein. with neoeø:;;ary manholes. <lntoh..badnð.ho\!ae connoctiøns and. <br />.other appurtena.n(HliJ incidental thereto¡ and authorizing the Mayor and <br />Direotor of Financè to issue bonds in the sum Of ~19J300.00 in anticipation <br />.of the .a.id. speoial tax to provide a fund for the pa.yment of the ÞOrtion <br />.of the cost (jf ¡¡aid improvement for wh1chÐâid speoial tax is leýå.èd" <br /> <br />'be <br /> <br />Seotion 5: That to provide Ii. fund for the payment of the portion of the <br />Ci!oot and expense for which the epecia.1 assessment herein is levied for !laid <br />improvement, the Mayor a.ndD1reotor of Finanoe ~e and they are hereby author- <br />ized to issue 40 bonds Of the Oity ofL'~ewood, Ohio in the aggregate sum Of <br />$19.300.00 Of which ponds three bonds in tM sum of (i500.00 each fwd one bon <br />b the sum of $430.00 shall be due and payable Ootober 1. 1921 and three <br />bonds in the sum of$f)OO.OO eaoh ..nd on\'! bond in the sum of $430.00 Bha.ll <br />be payable each year thereafter wi th intereat thereon at the rl'tc of 6 per <br />oentum per annum payable semi-annually on .April 1. and Ootober:l each year, <br />l1nti1 all of the add bonde have been duly pdd ånd retired. Said bonds <br />ao authorized to bo iBsued ahall be d.ated November 1. 1920. shall be si¡¡;ned <br />and Bold by said offioers as proviðed by law and the proceeds thereof shall <br />be applied to the payment of the COGt and expense of said improvem~nt às <br />áfores('.id and to no other purpose _hátcoever. The full fn1t'h and revenue <br />and all the rce,l and potaona1 ;property Qf the City of Lakewood, Ohio fj,re <br />hereby pledged to tho þ~yment of said bonds and the interest thereon. It <br />within the time abovo specified-and before the Gale of ¡¡aid bond¡:;, Hny of' <br />the owners of Baid property ehall pay their total I1Gsesament in öa~h, the <br />aggregat. B~ in bonds to be issued shall be reduced by deducting tho wnount <br />so paid in ol,sh from the total e.mQUnt of the fund to be provide(¡ and th<; <br />bonds issued ahall be severally reduced in nmouht proportionntely. <br /> <br />: <br /> <br />follows <br /> <br />read as <br /> <br />to <br /> <br />he1'eby amended <br /> <br />same is <br /> <br />the <br /> <br />and <br /> <br />Seotiôn 2: Thl>.t saili originrÙ Seotion $ of Ordinance tlo. 1593 11> hereby <br />repeded Ilnd that this ordinl1nce is here'b:\' deol¡¡.red to be an elnergency <br />measure neoessary for the immediate preaervction of the p\tblio property <br />and safety and shall be in foroe and effeot on c.nd after the passa.ge and <br />approval by the Mayo1'. <br /> <br />.A. WieJl:and'ÞresIdnnt <br /> <br />Clerk <br /> <br /> <br />Adopted: <br /> Av. 1. 1920 <br />App:roved <br /> L. E. Hill <br /> Mayor <br />~-~--._----- - <br />~1i"'""'I"".., -, <br />