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OEDINANOE NO. $502 B~ ~/~. Darmstatter A~ ORDINANCE p~oviding.for tho bo~owing of money i~ the .sum..of Fifty Five. Thousand Doilars.($85,000,O0), and the issuance D7 the Clt7 of ~.akewood of & note therefore ~ fmticlpatlon of the eollectton of e~rront revenues in and for the fiscal ~ea~ 1938 and desisting the necessity e~ the ~ssu~ee of said note fo~ ~uch ~poses and deola~ an emergency, W~EA~, It il nooem.~ ~t~eipat~on ~Ol~Oott~ ~kewood to bo~w ~ey ~d XBS~ a note ~e~ef~o Five ~us~d ~o, (~5,~,00), expenses of ~ v~ous dep~t8 of O~d for t~ ~o~tte p~eoe~atl~ ~ ~e ~llc ~opo~M, health ~e~y; ~ ~ p~Ov~ f~ tb mai ~12 ~peratXon ~n~e~pal de~tmntn ~ - · ~OW~ T~EFORE, BE IT ORDAINED ~ TH~ OOUI~CTL OF ~K~,WOOD, OHIO, t~ds .~ ~1 m~ers ~cti~ lo ~t ~ ~ticipat~ of t~ oo~ecti~ of c~rent ~evenuos ~n ~d for the fioc~ ~e~ 1935 thio C~ctl ~e- b~ declass Xt neoeso~ to bo~p~ ~e~ ~d ~8B~ a note therefore does not o~ceed on~ Of t~ ~o~t eot~ted to he the fle~ en~ eem~-~ual ~st~nt or taxes fo~ ye~ as estImato~ ~ t~ B~ge~ O~aa~on~ othe~ ~ ~es to be ~eceIved f~ ~e pa~ent ~ debt ~ges ~d all ~vances, T~ eo ~ticipate~ ~ ~ de~d appropriated f~ ~e p~nt note at mt~Xtye T~ note ~1 not ~ f~ a lo. er per~ 8~ mont~ md t~ ~ooeod8 t~fF~ ~1 be used p~posos for ~ ~d t~es were levXo~f Oo~octod ~d app~op~atod, Section 2~ ~t ~h note Xn t~ ~o~t ~ F~t2 Five ~uo~d ~ll~o ($55~,~)~ ~1 be issued be~ln~ ~e~ost at ~all be dated t~ . d~~ ~ ~ 195 flush note ~1 bo ~ep~d W t~ ~eeto~ executed b7 the ~y~ ~d ~ctoF ~ Fin~oo ~d be~ t~ 8e~ of tho corpo~a2ion ~d e~ll e~roes upon its fees the It ~8 ts~ed~ ~d t~t Xt 18 Xlsu~ p~t to t~e Said note shell be first offered to the Sinking Fund Co~lselon of tho City of Lakewoo~ fo~ not less than ps~ and accrued interest, and the p~ooeeds from ~ sale except ~ p~e~ and accrued [~te~est ~ereon (~d ~t ~ereof necess~y for t~ paint of interest prio~ to ~e ~t~l$y of said note ) shall ~ p~d into the p~ope~ ~d ~d used f~ ~ ~pomes ~oresald ~d for no othe~ p~pose, Said note Shall be the full general obligation of the City of Lakewood and the full faith, e~edtt and ~evenues of said city a~e here- by pledged for the prompt pa~ment of the Same. Section ~, That this ordinance ie hereby declered to be an eeaergon~j measure £0~ t~o rea~o~s stated In the preamble hereof :~: ~