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3717 ~ ~. ~rgrieve <br /> <br /> ~ ~,~N¢¥ l~f$OL~I$~ declaring the necessity of issuing <br />mu~. tcl~l ~epartme.~t~ and a~niatration buil~n~ bonds of ~e <br />~ke~d in th~ prxnci~ ~o~ of o~ ~ion one h~dre~ tho~ <br />~oll~s, fi~, the p~ae and ~he appr~te ~ate, interest rate <br />~ ~at~l~y ~,~.~ ~a~a, ~d ~cla~t~ ~e necessity of the levy <br />a t~ OU~Sl~e el' ~e l~tation i~sed By ~etion 2 of A~icle <br />the Ohio ~msti~lon, ~ ~y ~e ~tere~ ~n ~ to retl~ <br />~ndS. <br /> <br /> ~HR~XA~, An emer~ey e~tstS for the r~as~us that this COuncil <br />desire ~ ~mit th~ q~stloa to ~e electors at ~e eleetic~ <br />held ~vember 6. 19~6, that Revt~d ~de, ~on 1~.09 ~q~s ~e <br />tax~a.a~hority to c~l~ <br /> <br />110 a~ ~lor to the election at <br />question, ~d t~t ~t p~des for the ~blie he~, ~lfare, <br /> <br />~erefo~ <br /> <br /> BE IT I~aOL~F~ ~! T~iE COUNCIL OF THE ~IT~ OF <br />OF <br /> <br /> Section 1. l.t is hereby decl~a?d necessary to issue municipal <br /> epa?teen.tm a~d a~ainietration buildtn~ bonds Of ~e City off <br />n the prlncl~ ~o~t of ~ne ~ion one h~d ~o~d ~ollarS <br />for the p~o~e of ~nst~ctin~ a ~ict~ ~e~n~s an~ <br /> <br />for s~i~ buil~, <br /> <br /> Sec.tion.2. It te declared necessary to levy a tax eutside of <br />the limitation lm~cse~ by ~ection · Of Article ill of the <br /> <br />ti~o ~td bonds~ ~ that ~e question of ~e ts~nce of ~ <br />~d th~ levy of such t~ eh~ be sub~tted to the elec~or~ of <br />Ct~ o~ ~e~Od at ~e ~ext ~ov~ber election to be held h~v~ber <br />19f6, ~is ~cil ~ere~y ~xes the a~p~te ~ate of ~ld 'bonds <br />~o ~ Febr~ I, 19~7, the appr~m~te lntere~ rate to ~ <br />p~ cent ~er ~, payable ~ a~Fally, ~d said ~n~ shall be <br />~a~le ih twe~ty.~ree ~1 ~sta~n~s ~t~lng tn sub~tanti~ly <br />~q~ ~ow~ts ~lng a perzo~ of t~ty three years a~er the <br />l~ation ~hereof, <br /> <br />~ection ~, That the Clerk Of ~hte f~u~cil eh~ll deliver a <br />~ertified _copy of this reso.lutton to the ~ty l~dttor of Cuy~ga. <br /> o~ty at lea~t 110 drays prior ~o ~v~ber 6~ 19~6, for his calera <br />tion of the average an~l tax levy required t~o~o~ t~e life of <br />Said bon~s to pay the interest on, ~d t~ reti~ such bon~s~ ass~in~ <br />that the ~t~ bends ar~ all issued tn one series and that the <br />~f t~ list of the City of ~e~d r~na th~ut~out the life ef <br />~i~ bonds ~he ~me as the ~o~t of t~ list for the ~ent <br /> <br /> Section ~, ~at this resoI~ion Is hereby declared to be <br />e~ergency meas~e for the ~a~ns stated in the prea=.ble ~ereoF <br />prcvide~ it receives the af~ative v~te o~ t~ thim~s ~ ~1 m~be~s <br />elected t, Co~cil, it ~hall t~ke effect ~d ~ In force <br />u~r~ its ad~ption. <br /> <br />July 2, 19~6 <br /> <br />Approvedl July 6, 19116 <br /> <br />Thomas C. ~ard <br /> <br />~. A. Rees <br /> Cie~k <br /> <br />Frank P. Celeste - Mayor <br /> <br /> <br />