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<br />) <br /> <br />2 <br /> <br />c <br /> <br />/- <br /> <br />- <br /> <br />Seotion 4: thot to provUea t\U1d ;for-the ptJ.y1IIent o;f the portion of the <br />coat and eXperuI$ of said conneotions, f'orwhich the stœial assessment here- <br />~n ia levied, the Mayor and Direotor of 'inance be and they are hereÞ,y <br />authorized to borrow mOney and therefore issue notes of the City of Lakewodd <br />in antioipation oftha colleotion of aå1d øpecial assessments 11'1 the &6gre- <br />gah sum of $2900.00. S'\loh notesllhall be Bigned al<d aea.hd a$ municipal <br />bonds are signed and sealed. They øhall Þea~ interest at the rate Of not <br />to ."oeed six per oerlt (6%) þsr ~lI1um,from the date of issue, payalbe tJ¢mi- <br />annually on April ht qnd Ootober bt and shl\ll be payable onG on thß f'1rst <br />day of April 1922 and one every six months thereafter until all are paid and <br />retired. Said notés ohall reoite upon their face that they arc i~ßued for <br />the purpo¡)c of lnutall1ng ~ewcr and. water oonnections in 1!a.xterly Avenue. <br />411 ßssoosments oolleoted tor said improvement. and all unexpended balances <br />:remaining in the fund after the cost and expenaes of the improvement have <br />oeen paid. shall be applied to the payment of the notes and the interest <br />thereon until both are tullypnld. <br /> <br />- <br /> <br />Seótlon,: The full fnith ami revenue of the Oity of' Lakewood, Ohio are <br />hereby pbdgfild to the payment of said notes and the interust thereon. If <br />w1thin the time ø,b()ve specified and be:f'o:t"e the sale of IHdd notes any of <br />the owners of' sa.id property sha:Upay their total asaeoumcnt 1n oash. the <br />aggregntesum of notés to be 1øsued .lIhaU be reduced by deducting the ar.I.ount <br />so pateL in cash from the total amount of the fund to be pr.ovided. and the <br />notes issued shall be ecverally reduoed 11'1 amount p~oportionately. <br /> <br />Soót1on 6: That upon the aa1e ·of' said noteø the prooeeds thereof together <br />with moneys reoeived fror¡ cnoh payments of 611.id assessments. shall be plaoed <br />in the City treasury and disbursed upon prQJ,)er vouchers in payment of the <br />.øost and expense; of the improvement aforesaid. <br /> <br />Seotion 7: 'fha. t said anrn.a.l paynwnh of said o,neaamenta and all portions <br />thereof, shaH be applJ,ed to the payment of (laid notes and the interest ther, <br />on. Bathe ¡¡ame shall b')come du.e awi to no other ptu'poee whe. tsoever. <br /> <br />Sectiol} 8: That for t1>ø ¡;HlrpQße of pro'Yiding lunda in an amount suffioient <br />to pay the; principal an;! inte:r-est on said notes, and to pX'ovide the sinking <br />fund for .the fiml1rodempt1on of suoh portion of said notes ami interest as <br />shllll not bG ,aid bytthe aøsessment aforesaid. there sha:U be and is hereby <br />levied upon all the real a.nd peraonnl prQperty in the Oi ty of LakcwQod. Ohio <br />à direct annual tax. in addition to all other taxes, sufficient for Gaid <br />purpo$(¡IG.the amount thereof shall 'be asoertained. levied nnd oortirted Þ,y <br />the prope:r- tax a.uthorities of said Ch·y. annua.lly., f.m(i sha.ll be colleoted as <br />other ta.xeo a.re colleoted.. <br /> <br />Section 9: That &.µ emerßepcy exists for the lwnedinte preservation of the <br />pUblio hea.lth, property and aafety. aritJing out of the neoessity of the <br />iwnediate oon:;¡truotien of ßaid conn0ction$ and thex'()fore this crdimmoc .shal: <br />take effect forthwith and at the ea.rliest period allowed by law. <br /> <br />21 <br /> <br /> <br />Adopted: <br /> <br />E. A. Wiegand <br />President <br /> <br />A. O. Guild <br />. . Clerk <br /> <br />~ayór <br /> <br />Hl.1l <br /> <br />. <br /> <br />L. E <br /> <br />. <br />. <br /> <br />.Ipproved <br />