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<br />" <br />------.,.-- <br /> <br /> <br />'} <br />.C'...... <br />~.- <br /> <br />(' <br />:" <br /> <br />.. <br /> <br />~eotion 4: Th~t to provide Ii fund for the payment of ~10 portion of the <br />coot and eX;POl1SQ ofsa1Q .onJteQt!ona, for whioh the .peo1al &so!tS$ment <br />nerein l.s levie4. the Ha.yor and Direotor of :¡¡'in'!!.noe b0 and they aro hereby <br />;:u¡thorh¡ed to borrow money and the¡'eforeisl' uo notes of tho City of M,kewood, <br />1n a.nti(liþ«t1on of theeolleotion of I}:Üd apeoitÜ aUGCSSnlOnts in the agf~reŒate <br />Bum of ';;;4,400.00. aU.Ohîlotos 911!111 be u:l.f:ned and !!oaled au munioipal bonds <br />are aigned an:.lsealed. They shall bear intor"3t ¡¡.t the ra.te of not to ex- <br />oeod. six per Oent 96j'.) ;þer annum, :frO!!l the d£\1,;o of iseue. paYi'l'ble semi.. <br />annually on April 1st anti Ootober 1st. and ¡¡hall b(¡ payable one ,)n the first <br />day of Apri1 1922 and one every six monthn thereafter until all are pP..1rt and <br />retired. 3~id notß~ ahall recite upon their faoe th~t they are i8s~ed for <br />the purpOse of inetalling sewer and water connections in ~arkwood Road. All <br />aaseesmellts 1J011ooted for aaid improvement. and all une;'\:pendod blllanee::¡ reo. <br />ma.ining in the fund atter the QOI~t and expenaGa of the improvement have been <br />þaid. shall ùe applied tø the payment of the notes and the interest thereon <br />until both are fully paid. <br /> <br />2 <br /> <br />- <br /> <br />Section 5"1 The full faith and reVenue of the City of Lakewood, Ohio are <br />hereby pledged t.o the p¡¡yment of said noteB and the intercat thereon. If <br />within the time above speoified and before thé sale of $aid notu any of <br />the! owners Of a:iid property shall pc.y their total ..øseøement in oa.sh,the <br />aggregate GUJn of n9teo to be ll'i1iued shall be :l:"e,iuced by deduetine: the a.mount <br />1110 pa.iö in casl'~ from the total amount of t.he fund to be p:¡.>ovided, and the <br />notes issued shall be IHl'vcrally r,educed in ti.¡nount pro;port.iontltely. <br /> <br />Seetion 6: 1'h,,1,; Upol'! the GIlle of I.mid not-oil the proceede thereof together <br />with mow~ys re( (.d.veJ. from cli.sh :payment-oof Slilid a.eacssITlents,shI.1.11 be placed <br />in the City '1'1'00.3111';1 and d1ubursed upon proper v"l1chere in payment Of the <br />OOlJt Qnd expense of the i.mprovement aforelJlil.id. <br /> <br />Seotion 7: That sa.id fl:m1U,Ù payments of said as(iJIHlnmønte and all portions <br />the:r<lo:f. s118.11 be applied to the pnymQnt of' ap,1d noteø and the intereat <br />thereon, as the :'W.IéiQ shall ÌJ\}come due and to no other purpose whatsoever. <br /> <br />Sect 'on 8: Thú.t for the purpo¡¡e of px'ovid.ing :fundI'! in Ill! ø.mount Gufficicmt <br />to pa.y the principal and :i.nterfJut on said notes, and to provide, t!wsinking <br />fund for the final redes,lptionof such portion of said notes and interest as <br />shall not "be paid by the IUGIHH'Imentaforeaaid. tlH re nh¡;Ùl DO Ilnd is hereby <br />levied upon all the rDal and pcr30ha.l property in the Oity of Lakewood. Ohio <br />a <1ireo\' f),nnU!).l tax. in a.ddiUon to all other taJ;e:~, suffieient for ¡mid <br />purpose¡" the amount thereof shall be I1Goertúined. levied I1nd certified by <br />th0proper tax authQrities of said City, annually, and uhall bo collected as <br />other t:>,xes are collechd. <br /> <br />shall <br /> <br />Seotion 91 That an emergenoy exlata for the imnediate proüerVGtion of the <br />pu'blichealth, property and safety, ariainc: out of the necessity of the <br />Immediate oo¡;¡tJtr\¡ot!on of '1~ltlid oonnect [(Ins a.ndtli:~reforo thicr ordiru;.nc$ <br />t.ake effeot fortltwith ani at the earlie$t period allo\'ted bY law. <br /> <br />1921 <br /> <br /> <br />Adopted: <br /> <br />Wiegand <br />:t>J?0'3ident <br /> <br />A. <br /> <br />E <br /> <br />A. O. Guild <br />. - Cle'r1c'-- <br /> <br />~ <br /> <br />L, E. Hill <br />i1ãyor <br /> <br />. <br />. <br /> <br />Approveq. <br />