1744 - 21 Amend sect 5 of ord 1676 - assessment to improve Edgewater Dr

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Gresham ) By Mr. . 1744 y ( NO. AN OHDINAnC1~ to amend seot:ton 5 of Ordinance No. 1676, ent1t1ed, "Al~ 01~)JnJ~C~ determining to prooeed with, and levying and assessing a speo:t~l tax to pay the oost and expense of improving E~êewa.ter Drive from Webb Road to within l' of the west line of S~llivan property by oonstruot~ ing sewer m¡J.in of vitrified _ewer pipe tller,;in with neoessary mp.nholes, Oa.tch~basins. .and other appurtena.ncea, and autl.or:tzing the Ucayor and Director of Finance to issue Dondr¡ in the sum Of $27,177.00 in <Anticipa- tion of the sa:td sl'ocial ta.x to provide a. fU¡1d for tho payment of the port:ton of the cost and expense of said :tmprovement for Whi,ch said special tax h ¡evied." ØRDINANCJ~ twö~ State of Ohio, I.ak:ewood, BE IT Offi)AlNJID by the OounQll Of the Oi ty of third$ of all meraber13 oonour;¡:,ing thereto:- 1921 J¡muary 17. No. 1676 adopted entitled: Section it Thnt Section 5 of ordim;moe by the Ooun(1). of th.e Oity of Lake",ood, "AN ORDINAHCltdetsrrllining to prooeed with. and levying and a.$esting a special tax to p~y the cOst and expetwe of im~roving Edgewater Drive from Webb Road to wi thin l' of the weat line of Sullivan property by bonstruot- ing sewer main of vitrified sewel' pipe therein with neOess:ci.ry manholes. oatch-basinsj and other appurtenanoes, and Quthorizinp, the Mayor and Direotor of ßinnnce to issue bonds in the sum of $27,777.00 in antioipa~ t10n of the said speoia1 tax to providø a fund for the pf,yment of the portion of the 0013 t and expenseof said improvement for whioh said opeoia,l tax i6 levied, to to read as follow8: Seotion 5: T~~t to provide a fund for the payment of the portion of the cost ,'nd expense for whioh the special &a'JeIlSment herein iG lèvied tor 8aicl iwprovement, the Mayor and Director of Jiïnance bo HneI U~ey are here- by autllo1'ized to iaeue 40 bondeo! the City of Lakewood, Ohio in the aggregate sum of ~!27,777.00 of W1+ioh lJond¡¡ two bonds, in the sum tit $-l,OOO.O( .aoh and one bond in the sum of $500.00 and one bond in the sum of $277.00 shall ,be due and payable on October 1.1922 and two bonds in the sum Øf $1,000.00 each and one bond in the lium of $,00.00 and one bond in the sum of :~,27'1.00 sllull be payable e¡¡ch. year thereafter with interest thereon ~t the rate of 6 peroentum per annum, payable semi~ann\!ally on April 1 and October 1, euoh ye~r until all of the said bonds have been duly paid and retired. Said bonds so authorized to be issued shall be dated day of' sc.le í.md 8*11 be. oigned and sold by said officers' aG p1'ovided by law and the proceeds therüof ehall be applied to the pàyment of theoo'.1t ancl expense of said improvement Ð.3 aforesaid,and to no Øther purpose whD.tsoever. The fµll fa:tth and revenue and all the real and personal property of the Oi ty of Lakewood. Ohio, are hereby pledged t.o the payment of .aid bQnda and the interest there.n. If within' the time above specified and ~efore the sale of said bonde, any of the ovme:ra of said property shall ymy their t.otpl p,P,PC'Wn1cnt in cr;sh. the Ð.C;greg",te 111Xi(l in bonds to be issued alw.ll be f_dùced by deduoting the amount so paid in cash from the total amount of the fund to be provided and thebonds issued shall be severally reduced in amol;nt proporttonately. hereby amended ~e and the same iEl Seotion 2: Th2.t said origimtl SeQtion 5 øf Ord.inq,nce lio. 1676 is hereby repealed anÜ that thi$ ordinance is here'i¡y declared to be an emergency mee.3ure necessary for the imrned:l.ate preaerv¡¡.tion of· the pÙbl10 property and s;dety and shall be in foroe and effect on and (,l'ter the passar:;e and approv~l by the Ma.YQr. 1923. July 5th, Adopted: Pres:tdent Clerk Wiegand. Guild, A. 0., E. A. 'Mayor Hill, E. L. Approved: