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<br />G'r e sham
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<br />:By 1!:r.
<br />
<br />1752
<br />
<br />ORDINANCE NO.
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<br />
<br />)
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<br />I
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<br />
<br />AN ORDINANCE to amend Section 5 of Ordinance No. 1707. entitled, "AN
<br />QHDINANCl'l determining to proceed with, Qnd levying a.nd a.ssessing lit
<br />speoial tax to pay the cost and expense of improving rar~food Road
<br />between Fr¡mklin Avenue and 'Madison Avenue by paving "Bme with brick,
<br />1i)r òitum1nous Goncrete, or ;heet Qaphalt. or asphalt block. or bitulithic
<br />or oement ooncrete, doing any a.nd 1).11 grr-,ding, drfi,ining and curbing
<br />lnc1dentul and, necesc;ary thereto. and autLorlzing the Mayor ¡:.nd
<br />Director of -inance to is!'n~ bond¡-¡ in the aum of $2:1.,760.00 in anti-
<br />oipation of the said apeoiàl.tax to provide a fund for the pàyment of
<br />the portion of the cost of (H~id improvement for which s[,id specÜÜ tax
<br />is levied."
<br />
<br />stftte of Ohio,
<br />
<br />Lakewood,
<br />-
<br />
<br />Oity of
<br />thereto
<br />
<br />:BE IT ORDAIN1~ by the Oounoil Of tho
<br />1;wo-thh'ds of all members conourring
<br />
<br />1921
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<br />
<br />No. 1707 adopted April 4,
<br />entitled:
<br />
<br />Seotion 1: îhat Section 5 of Ordin~nce
<br />by the Counci:l. of the City o£ Lakewood.
<br />
<br />"AN OHDInANCE determinin{ò to proceed 11'1 tho and levying And ¡;,sseasi
<br />a special tax to.p4Y the cost and expense of impl'oving P~rkwood Ro
<br />between I1ran¡;¡in AVenue tmd Madiaon Avenue by paving am:1e "¡ith bri
<br />or bi tuminoua concrete, or sheet Bsphal t, or as.})h¡¡;.:I. t block, or bit·
<br />ulithio. or cement Clionorete, doine; any and all grading, dra.ining S,I
<br />curbing incidental and neoesJ&ry thereto, and authorizing the JJ1ayo:
<br />Md Direotor of ];'inance to heue bonds in thé sum of ~¡21.760.00 in
<br />anticipation of the said speeh.l tax to provide a fund for the pnynent
<br />of the portion of the cost of said ilnprovement for which said 6},e01al
<br />tax is levied,"
<br />
<br />ng
<br />ad
<br />ok,
<br />-
<br />nd
<br />r
<br />
<br />follO\7s:
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<br />Section 5: '1'hD,t to provide a fund for the :paymf;nt of the portion of the
<br />cost and expense fOl which the special assessment herein i:; levied for
<br />said 1ml)rOVcment. the l~ayor nnd Direotor of F1nance be Ilnd t!ley are here-
<br />by autilorized to iusue 30 bowls of the Oi ty of Lakewood, Ohio in the
<br />aggl'egate sum of $21,760.00 of which bonds two bonds in the Bum of
<br />$1000.00 ea~l and one bond in the aWn of $176.00 shall be due Ilnd pay-
<br />able October 1. 1922 and two bond;] in the sum of ~;lOOO.OO es,ch and one
<br />bond in the :'Ium of $176.00 shall be due and payable each ye.ar thereafter
<br />w1th interest thereon at the rate of 6 per oentwn per annum, payable
<br />eemi-;¡,nr¡uG,lly on April 1st and Ootober 1st, each ye£\r until all of the
<br />said bondo h,·,vù been duly puid and retired. Baid bonds so authorized to
<br />be issued ah".ll be dated day cf sale li.nd shall be signed unCi sold by
<br />said officers a¡; provided b;y' law and the proceeds ti1ereof shall be applied
<br />to the payment Of the cost and expense of said improVJament D..a aforeaaid,
<br />and to no other purporJu whatsoever. The full faith and revenue and all
<br />the ret1.1 (,nù þcrconal property of the Oi ty of Lakewood, Ohio. ~re hereby
<br />pledGed to th(¡ payment of said 'bonds and thec'interest thereon. If within
<br />the tim9 ,,-bove specified and before the sale of said bonds, any of the
<br />o\vners of said property shall pay their total asse;sment in cash, the
<br />aggree;a te Bum in bonds to be i ¡¡sued e:mll be reduced by deùu<.: t1ngthe
<br />amount so paiù in Oash from the total amount of the fund to be provided
<br />and the bonda issued shaJ,l be sever(,lly reduced in anount proportionately.
<br />
<br />hereby amended to road as
<br />
<br />the same is
<br />
<br />be and
<br />
<br />Section 2: Th;t said original Seotion 5 of Ordinß11ce No. :1.70'/ 10 hereby
<br />repealed ¡;.n<¡ thht this ordinance is hereby declared to be an emergency
<br />me(tßure m1CeSno.ry for the immediate preservD,tion of th", public prcperty
<br />and safety ~nd sw.ll be in force and effect on and after the passage
<br />and approval by the Mßyor.
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<br />Adopted
<br />
<br />Wiegand
<br />
<br />A.
<br />
<br />E
<br />
<br />President
<br />
<br />Guild
<br />
<br />
<br />o.
<br />
<br />A.
<br />
<br />Mayor
<br />
<br />Guild
<br />
<br />.
<br />
<br />
<br />o
<br />
<br />A.
<br />
<br />:
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<br />,...-....'
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<br />Approved
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