Laserfiche WebLink
of ~e t~ outsi~e ~f the l~tion i~posed by ~ection <br />~I of ~he Ohio ~nstitutlon~ <br /> <br /> ~E IT RE~OLVED ~ T~ ~O~CIL OF ~E CIT~ OF LAXE~OD, ST&Tg <br />OF OHIO~ <br /> <br /> Section 1, It is hereby declared necessary to issue l~ller <br /> <br />~n the princi~l amotmt of two hundred fifty ~housamd dollars for the <br />purpose of constructing a Roller and Xes Skating Rink and ~erviee <br />Building at Madison Park and acquiring equipment and apparatus for ~aid <br />Roller and Xes Skating ~ink and ~ervice Building, <br /> <br /> Section ~, It is declared necessary to levy a tax outside ~f <br />the limitation imposed by Section ~ of Article XlI of the Constitution <br />.of .the State of Ohio in order to l~ay the interest on and to retire ~aid <br />~o. ncsj and that the question of the issuance of ~id ~nds and the levy <br />ox' such tax shall, be 8.uMtted to ~hs electors of .the Cit_y of Lake~w~o4 <br />.at the nex~ Movemoer eAection ~o be held ?ovember 6. 19~6, This Council <br />hereby fixes the_approximate date of Mid bonds t~ be February lo..I~?o <br />the.a, ppro~.pate ~nterest rate to be three percent per annum, paya~Ae <br />.se~...~nu~.~y and ?aid.~ond? shall be payable in twenty-three a~nual <br />xns~,Aments maturxng xn suostsmtially equal amounts ~uring a period of <br />t~enty-three years after the authorization thereof, <br /> <br /> Section ~, That the Clerk of this Council shall deliver & <br />certified copy of this resolution to the Co.unty Auditor of Cuyahoga <br />Cou~..ty at least 110 _~ays prior to K~.vember 5, 1~5, for his calculation <br />.of .~se averace annual tax Aery requxred throughout the life of ~ai~ <br />~on s to pay the interest on, and to retire such bonds, assuming that <br />the said bonds are all issue~ in one series and that the a~ount of tax <br />list of the City of Lakswood remains throughout the life of said Bonds <br />t~e ~me as the amount of tax list for the current 2~ar, <br /> <br /> ~ection $, This resolutio~ shall take effect and be in force <br />from and ~fter the e~rliest perio~ ello~ed by law, <br /> <br /> <br />