2352 - 25 Issue park bonds to improve parks

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AI~ OBDII~AI~ authorizing ?~e lssuanc~ of $~,000.00 of P~k ~onds for ~e p~po~e of lmprov~ p~k~ ~n the C~ty of ~.~.FfEA8, at tbs r. egul~r e~ection held in the City of La~e~ood,jOhto.~.~on~ ~ ~ ~ 6~ d~ o~ ~ovembar, l~l~, ~e q~at~on of tssu~n~ ~n~ of the C~ty of L~wood la the s~ of $~00,000. ~o~t ~n exce~s 9f 2~ of th~ tot~ ~ue of ~l property Resolution No. 16~$ ~opte~ 5o~t~b~r 4~, 191~ ~A~, twoothl~a of th~ ~ote~a vot~n~ at sa~d election upon th~ q~ot~on of lssu~ said ~a voted ~n favor ~reof~ ~H~F~...A~, by~0rdinanoe ~Io. 1~%0, a~,~oPted by the Council. of th~ City of Lakewood, April 2~tho 1~150 as amended by 0rd $21%,000.00~of 8mid bonds, and, ~AS, By Ordinance 1~o. 140~, passed by the Council of the City of Lakewood, March 2~t~, 191~, there were sold $1~,000.00 of s~ld bonds, and, '~:,t~,~, ~y Ordinance NO. 1620 passed 1~ t~ Council of o~id City, ~y 19~0 1920 ~ as ~e~ed ~ Ordinm~ce No. 16~ wer~ SOld $~0000,00 Of naid bo~$, ~. there still remains unsold of said authorized · ~2,~, this council h~ reyuested the Director of Finance to issue his certificate as to the estimates life of the property, asset or improvement proposed to ~ ~qu~red ~r constructed from the pr. ce,da of t~ bonds ~re~n~t~r refer~d to, ~ t~ D~reo~r of Fln~ce ~9 ~'tifLed to ~s CO.oil such e~t~ted life as f~fteen (1~) ye~mo ~d h~s f~-ther certified tl~e ~lm~ ~t~ity · f such bonds ~ fifteen (l~) ~e~s, ~d, ~P~AY, th~s Co~uoil estimates that a t~ for said Will first a~. jar upon ~e duplicate for t~e, ye~r 1~2~ a~ ~.~ fln~l t~ $~tt~ment w~ the Cowry Trea~cr next follm~ng Director of Finance as provided by laY, W~li.~ o~ta~ned not e~lier ~ the'~ first d~ of ~epte~be~, 1926, ~d ~11 require $~8~.3~ for interest ~til su~ t~s ~e oolleot~a ~ avaIla~le State of OhiO, t~o-tHi~dS of ~1 me~,~b.rs elected thereto concurring: ~ection 1; That it ~s deemed necessary By tlxe Council cf ~pr~ing p~rks of tim C~ty of L~ewood ~d to provide a f~d for