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<br />'Aotion 4. 'l'bJ1t to proY1dø ..t~d to'1.' 'be };I$1$_t of the portion of t.he
<br />'Clout &.nQ expo!;.;],. of add oonneot:l,oni.õ. for 1I'hUh thø 8þl'.iuhl &OUoßI) !Hmt
<br />herein iG levied. the~..yor ànd Direotor of'1nµncø be $nJ thoy Rl'O h~reby
<br />Q\utì~()r1l/lIld to borrow monøy r¡,nd tblU'\'Ifor~ 181J\1It notes of thft Q:l.ty of' L¡¡,ke"
<br />.ood in >lnthlpi.tloi'l of the ooUeot.hn of said epoo1I"l nIH'()!IJ(¡¡tr,¡lwtH :1.11. the
<br />ae:f!rßgnte Bum ot $1.016.00. SUo,h not.a ehnl,l 'bodr;nød I.tnd eet>hd ß.II
<br />l*Iuni4ipal 'bondf,¡ (,,1'0 dgned tUlti u31.$d, lkey Itbn.U be!!. ;' 1ntel'(,¡:¡t at tt«)!
<br />S'l.\.tø of nllt to exoe.d 81x per cent (6¡¡¡;) pEl:r II,nnl.lil1. frorr¡the !.ÌatfJ of h:¡ue.
<br />payable llemi"ano\u;11y on April ht &/'1d Ootober 1. $J1d IJl'HÙl 'bEl pay.,bl(l
<br />OM on tno :U,1'\'II1:. 4.ay of Apdl 1922 and on~ ovory eV<lry ø1:Jc lI¡on1:.ht' t.hu{j..
<br />¡¡¡fte:t' until all lid'" pail1 and retired. 131.\1<1 noteßøhdl reoite upon tlHJ1r
<br />face thlikt 'they IU'(j t,G$ued for th/ PU:l'1,()(Hii of 1»(\1:.I!,111n" liHllwür tind w;".1:.01'
<br />QonneøUQnlil 1n Owoso kVet1IUI 11\,1'1\1 OWlllgO Oòurt. 1\.11 ì'I.$uø¡ montu QoUoctêd
<br />for $aid Improver,H\1nt. and all u.rH~xpended ~l/ij,noeÐ raTllllin1ng in thl) fund
<br />&001" the 0081:. sndClXpl.U11i80 of the improveInQnt have been pdd. &hl"ll be
<br />a~ 'plhó. to the paYlllont Of the l10tu and t111;1 inté:rut thereon unto. both
<br /> ,l'é fully þ!1.1d.
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<br />ßf¡lotlòn $; Tht! fu11. '.1.th and revenue! of 't1)e City of Lakewo()(l. Ohl0 f,re
<br />hero»¡ plddged to \he p.nYlllént or ønid note.. ~nd tno 1ntQ~ùst thereon.
<br />It within t.h~ time abovlt $peoUhl.1 and Þøtorfi the sde of /!laid r)otu f!.n)'
<br />of thø ownors of Ð~1d þrQP~rty em,11 pny th~1r total a3~eßQmøht in oaah.
<br />the aggra~þt6 sum of notea to bo inuued uhnll be :roduced ~y deducting
<br />the Mount. 80 pd4 tn 0&$1\ from the to'tal &!!!ount of tn8 furH! to bj~ pro-
<br />vided. end tbe notes is.ued snall be oQverä11y reduoeQ in amount pro-
<br />PC) l't1òfUi.tely,
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<br />Section 6: 'l'h~t ,",pon thl\! DP,le of odd Do1:.el'l 1:111'! prooeed!. thOl"øof to-
<br />¡Hthet wi t.h n,øn$Ys reoeivud from Of' h J)ayr!l",nts of 1iI1'.1r1 U~ eø!l!'I'H¡mtø. uhnll
<br />be plaoed in thQ city ?:reäuury and dlsbursed upon p:ropa:r vouchers in ~lY"
<br />Þont of the cOot and .xpen$o of tþe improvØMønt aforesaid.
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<br />ufd.d 1I.1J:.J!'8Ii!1montl} IHld v.l.l portlon:ø
<br />of Quid r¡ot¡¡¡¡;¡ !J.1I<:I. tt¡!) lnterc¡(jt
<br />to no otl1<fJ' ¡~\lrpoß¡è) whfJ,tool!\1i'er.
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<br />Seotion 1J Tnj,tlidd al1nul'i,l þ~m~mtCil of
<br />thereof. shriU; Doli! Æjþpl1(~d to thepr,yment
<br />tnerGÒn, älil th.o ¡¡all'!$ øh¡Ül become¡ due Æ\\1!1él
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<br />Seotton 8: '1'11(;,t for the pUr¡m¡H!! ot pr'QlIldlng fundI'! in ..n hl))Ount l1Iu:!f'1oi<ònj
<br />to ;t~Y the prlncip~l and interest on ~,ld notcß. and to provide the slnk-
<br />'ngfund foJ' the f1n¡:¡1 Jmdenption of ßuch portion of IJfild noteu a.nd. in"
<br />hrcøt 8,0 ahAll not biJ paid by tho l111'HIGomcrlt nJ.'or¡H.n1d. th.$re shrill be
<br />Iu',d h hereby levied uþon aU. tho rea.l fU1d pe1'Oorml propørty 111 the au.y
<br />of lAkewood. Oh1ò. a direct &nr¡l.Ia]. tax:, in ~dd1t1øn to dl other tl!.xu.
<br />liIuff1c1ent for 3!'J.id pu:rpO¡¡e,1, the fi>rno1,U\t thereot anr.,11 'b<it rUlcerta1ned.
<br />l.nhd tiLnd certified 1>.1 the p:rop~r tax l1I.utJ1orit1u of ß::lld City,annualJ,y.
<br />and shall b~ col1øetÐd ~a other 'taxes url'l colleoted.
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<br />(Joction. 9: 1'1'1",1. I1,n t!IrIlergønoy exhh fru' the 1wned1f,h þrel;H'Irrvr,t1on of
<br />'tbo pUblic health.propórty ánd s&fety. ~:rl~1ng out of the nooe~alty of
<br />the :I.¡nmød1Rteoon6truotlon of IiIHill oonneotion!) a.nd thcI'ofø:rø thin or(Hn ;,l'Ic
<br />liho;ll t!'..ke .f1'l)ot forthwith ~nd a-t tÞo Ðarl:l.r ¡ìt period !¡llowed by l¡o¡w.
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