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<br />AN ORDINMICE 1+0.1569
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<br />AN ORD:t:NANCE to,s.mland $eQUøno 4 and 5ò(01'd1~nQe}¡().1477
<br />.nti tled, AN ORD:tN.A.NOE 1j1teJ'lJ1ining to pl'oøeEld Wi th, $,nd l,evyin€¡;and
<br />asseBsinga Ðpe~:I.~ tax to pay the OQst andtxpenseof:l.mprøv1ng
<br />C;¡'..ren,Qe Avenu8 from., 'Madillon Avenue to Fisohérl'loa.ð., by insta.).lbg an
<br />8 ineh (last iron'Wa.tu main thètein. withJH'ICfèsa.:ry hyð.rantß,va).v4!S,
<br />.conneet1ci.ns, andappurtenanèes;a.nd authorhbi'g the 1!aÿó:r: 41'11 Director
<br />,~f Fina.nce to issue 'l>on40 in the II\1!! . øf :l:en I1housan(lJ¡il):le't;y ($10,090.00)
<br />Dou'ars, in anf,ioipaUpn øf t4e ¡Ia1ð. IIpe 0 ia.1 \ax to prQvide a fund for
<br />the payment of thè portion of the OQSt and expense of said improvement
<br />for.hic4 said $peoi$.1, tax is hVied," ~,nd repealing ¡¡aid original
<br />Sectiøns 4 lind 5 of. sa.id Or<iina.noe No. 1477 .,and d§lclaring al'>. emergency.
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<br />Oi ty of La.kewøod,
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<br />:BE IT OJ1DAINED by the Oounòil of the
<br />tWQ~thirdsof allmem.bers ooncurring:
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<br />Sectiol'>. 1:, 1:hat Sections 4 and,' of'_ Ordinanoe NQ. 1477, adoþted
<br />'by the Counoil (If the City of Lakewood. August 2~th~ 19:1.9 ,ent.1 tled:-
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<br />Ohio
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<br />"AN ()ImINANC:E~ete1'ldning t() proceed with, ~ndleving and
<br />lii.ssess,ing 11 SpèQial tax to PlJ.ythe oost and expense of improving
<br />Clarence AvenU\II!r9m Mac!.1son Avenue to Fisoher :Road. by installing
<br />an 8 inoh cast ironwa~er main there1n. with necessary hydrants, valves
<br />.OQnneotione, and appurt¡¡manç,ø.st and a.uthorizing the Mayor and Director
<br />Of Finanoe to issue bond~ in thee\1!! . of '.t'en Thousand Ninety ($10,090.00)
<br />Dollars. 11'>. anticipation of sáid spec:l.al ta.x to provide a fund for the
<br />paymel'>.t cf the porUCin of the cost and expense 0.1' said :l.mþrove¡nentfor
<br />which said specia.l tax is lev1ed.~
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<br />bereby amended to read as follows :..
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<br />~ection 4: That o~ners of the severa.l lots or pa~cels of land
<br />included in said assessmént shall þay the $m.()unts from them severally
<br />due as shown by Column ~o. 3 of said Estimated As.seaament No. 434 to , ..
<br />'the Oity Treasurer on or before thirty dayS from t4!3date of thG; passage
<br />of thip ørdinance, at tJ1,¡aJ.r option, a!;l4 in defa.ult ,thereof el1.id epecial
<br />aÌ'!se~H¡¡nent withinterestat,~p.e :t:!1t.e.·q:f6. pe,.. ce~t;pe.r annum, upon de..
<br />fend payment$. shall'bepa.Y'a'l;¡~e tg;theC()µntyTr.easurer in 10annl18,1
<br />instaUtIlenta VIi.th the regu.lar t¡¡¡;~eIL Qf:!.920 tQ 19~:9, both Jnclusive.
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<br />artd "'he same :I.s
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<br />Sectio~~: that to provide à fUnd. f'ort11e payment or theþfi)l'tion
<br />of the oost and ¢xpense :fo:r whic)t thespec111 auessment he:î:'ein h:\.eV'ied
<br />f'or said imþrovemen~. the Uayor and Director of Finance beän4 t11ey are
<br />hereby authorized to issue 10 bonds of the City of Lakewood¡ Ohio in the
<br />aggregate S\1!! . of Ten Thousand Ninety ($10,°90.00) Do11a:rs, O.! W.hiCh bonds
<br />one bond in the s\1!! . of One Thousand nine \ $1,009.00) Dollars shall be
<br />due and payable on Ootober 1st, 1921, a.nd one po.lldin the sum of O~e
<br />Thous¡¡.nd Eine ($l,009.ÖO) Dollar$, shall be payable e<J,04.;1ear thereaf,ter
<br />with interest thereon at the rate of' 6 per oentum PerannUln, payabl"
<br />seml~annually on AprU 1st i¡,nd October. 1st e¡¡.c)1 yee.r,1.Intil. !J.ll of the
<br />s¡¡.id bonds have béen ð.uly pa~d and retired. 8aid bOl'>.ds *0 author1ze 1
<br />to be issueð. shall be dated d&y Qf sale, shall be signed and sold by
<br />said officers as provided by 18,w and the prOCee(~6 thereof shall 'be
<br />applied to the payment of the coat and expense of aa1<iimprcvem.ent as
<br />aforesaid. a.nd to no other purpose whatsoever. The :full faith and rev-
<br />enue a.nd all the real and pe:reonal property of the 'City Of Lakewocd, Ohio
<br />are h~eeby pledged to the payment 0' ßaid bonds a.rtd the i~terest thereon.
<br />If within the time above specified and bef'ore the sale øf said 'bonð.s, any
<br />of the owners of said property ohal.l pa.y their total assessment in cash,
<br />t4e aggregate S\1!! . in bonds to be issued ehall be reduced bY deducting the
<br />amount so pzd.d 1n c/Hih, from the fund:' to be provid~d and the bQnds is.sueð.
<br />shall be severally reduced in amount prøpo:r:tionatelY.
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