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2352 - 25 Issue park bonds to improve parks
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2352 - 25 Issue park bonds to improve parks
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Last modified
5/14/2013 3:08:44 PM
Creation date
12/19/2005 4:17:51 AM
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Office Of Council
Document Type
Ordinances
Date
12/19/2005
Date Adopted
4/6/1925
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Section ~-= That eal~ bond, shall ~e designated "Park <br /> <br />October let, 1~ Bonds L~ ~d 1~ <br /> <br />October let~ 19~4 ~o~2e 19~ 20 ~ 21 <br /> <br />October lnt, l~ ~onds R~ ~d ~0 <br /> <br /> And Shall bear interest at the rate of five per Cent (~) <br />per ann~, p~ab~c semi-annually on Aprii let an~ October let ~f <br />each year, upon presentation and surrender of the ooupon~ signed <br />~y the Director of Fl~oe er with hie signature li~ographed <br />therco~, <br /> <br /> sect[on 31 That s~i~ ~onds shall be prepared by the <br />Director of Law, ei~ined by the Mayor and Dlrect~ of Finance, <br />sealed with the City seat and r~corded in the Oil tee cf the Sinking <br />Fund commission. Said bonds ah,all exl)rees upon their face the <br /> <br />Finance tn the City 0£ LmJiewo ds Ohio, <br /> <br /> Sec%ion 4: That the faith and credit of the City of <br />L~ke~ood a~e pledged for the pair--eat of ~th prtncipa~ and inte~/est <br />of the bon~e herainbefor¢ described a% maturity~ in accordance <br />with tl~ la~n ~d con~ti~ution of the State of <br /> <br /> section ~ That for the purpose of provtdtnf: the necessary <br />funds to pay the interest on the forei:oing issue of bonds when <br />and as tl~ nme falls due, and also to create and maintain a <br />i~ f~d n~fiol~n% to dXsc~ge the ~atd bonds ~t <br />~re shs~l b~ ~d }.a hereby levied on ~I ~e t~le <br />~ the City ~' L~;ei~oo~ in ~a~tion to all other t~es a d~rcot <br />t~x ~uslly ~ [[ng t~ p~ri~d for ~hich bond~ ~c to r~ in <br /> <br />~ to ~vide a ~[~:i~ f~ for their ftn~ r~d~tton at <br /> <br />..... That said tax s ~hail bo and is lief,by ordered <br />levied end extended ui~on th~ ta:~ duplicr~.tc ~d collected by tim <br /> <br />the t~$ for~g~neral ~po~en for e~ch of ~aid ye;?~e <br />~ levtcm t~er~y r~qu~'cd $t~! ~ plaOcd tn~ separate <br /> <br />ehs~l ~ irl'evocmbiy pledged for ttl~ p~ont of ~o int~reat <br /> <br /> <br />
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