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<br /> C12~zP"ANC~: N0. 2493 Ny
<br /> API 0*3Ax23ARC~: to pravt~d~e #'ax thm ise~nediate pxssarvation a#" tl>s pub2ia
<br /> pesos, tsectlth sznd safety by iesuin~ bonds in the sua~ of T~so ftunttred
<br /> zsad sixty Thousand 3>pllars (~264,Ofl0.44} Yar the purpose of paying
<br /> the oast and e~pensc of sxtsndin~ the ~*d~e~ratsr Intar~csptar E3~,wer
<br /> fxasn Webb Road eared Rd~esster I~rtve to the Convent Propaxty.
<br /> ntlL`Tt~s~,3, at the re~u~ax aleotiun held in the City of I.ekewoad, L1hic,
<br /> an the seoond daq of Haverabex, 1920 the question of issuing b~nd;s of
<br /> s, id City of Lakewood in the sum of ~`1,ve hundred Tbaurr-end isollaxs
<br /> (1U0;4fltl.4fl) for the purpose of construatin„ a wain sesex fros~
<br /> Idiaholean Avenue to ~e 3esrx~s 3~isposal Plant was eubr~itted to tk
<br /> eualitiBd eleotors of s+~id Gity anti., _ _
<br /> ~FiCi Tso•thirds of the vatexs vottng at baid election open the
<br /> kv {Question qP 1e~utn~ $osi4 bands ~ptsd ,in :favor thereof, anq. t
<br /> Idl~~:t3, by 4zdinanoo No. 175, adapted by the Couna~l of the pity of
<br /> I.ake~raod, Btate of Chio, ~'ebxuary bth, 1922. there eras sold Two }Iundxed
<br /> ' and I~vrty Tisausxznd x3ollars (i¢240,04fl.00~ of said bonds, Wady
<br /> `~ii~RaA3 there still resoaias unsold oP said authorised ease of T'ivs
<br /> ~r_ hundred Thousand Dollars (500,040.04) a balenoe of Taro hundred and
<br /> Siixty Thousand Dollars (~2 4.44Q.44}, and,
<br /> ~ ~IiFei9, this Council has requested the ~isaal AfYiaer to issue hie -
<br /> aerttfKate as Ito the estimated ~.ife itf Lhe property, asset or a
<br /> << i~provesnent pxq~ased to be aoquired os" aanstrucsted from ttse prooesdti
<br /> ,w _ s>f the bonds3 hexetna.#'tor referred tee, and -the FitaCai 4ffiaer herring;
<br /> ~ oertified to this Council auah estimr:tsd li#'e as tarenty»f`ve {25j
<br /> ears, ands
<br /> ,
<br /> ~F~"AS, tni® Couns:il estimates that a tax for said bonds will fisret
<br /> a~pperzr on the duplio =te fssr the year 1926, end the f inaltax settlement
<br /> avitk3 ttie Gaunty Treasurer ne~ct #'ollowing the inclusion of the tax
<br /> for this issue in the annual budget by the 73iteotax of rinanoe, as
<br /> provided by 1rtis, sill be obtained not er~raiax than the first day of
<br /> ~epter~t~er, X927• and. will require the nom at Two Thousand Nine,
<br /> r }iundred and Tarentyfiye i~a~lmra{~2,92~.OQ} ;fax interest until' suoh'
<br /> tau: s are 9W1 ~evted and available,
<br /> 'fIT'R"~''sR~, B~ IT 4RDAx4GS:D by the Counai>. of the Clty at I.akesood r $tes#~s
<br /> of Ohia, tso•thir:+a of all members eleatsd sr appointed thssre:to aon-
<br /> ourrlns:s•
<br /> seatian l: That !t is deessad neacssaxy to issius bands of the City
<br /> of iakesood, ~tateaf Chio, Ln the principal nose of T~7a Ilunared and
<br /> Sixty 'Shousarsd xsoliaxs {~2G4,40fl.94} t.ox the puxpase of payin#~ than
<br />
<br /> ~ : oast exp@nsc stif extending? ~dgexvcttisr Znterae2=toy Seserr from
<br /> g 'yebb Road tc the Canvdnt px~oper~y in?,aocard~.nce ~tzith ,plans and sg>esri-
<br /> fications on fi~ein ttse otfiae of this Dixeotor of public t'sorl.u and.
<br /> to pravtde a fund fez` the payment ai' not to exoaed ens ye.x•s interest
<br /> k, an faaid bands.
<br /> ~eation 2s That bands of the City of Lakswauii 8ksoll be issued in the
<br /> prinoipal sum of Taro fiundrsd an.~ IYixty Thousand lzolaars (~:G0,040.4Uj
<br /> and shall b<s design_~ted :;s I:d~;emater 5eser ?~rsin 23onds• ar3id bands shall
<br /> ba numbered oanscoutively fr,~~m one to two hundred and sixty (260}
<br /> both incluaiva Fsrsd stsal.lbe in the denosttinati~an of One Tzsounand Zsallars
<br /> {x;1,0©4.44} ez~ots, and etsall be d==ttrd July let. 1926. :3aid bands slush
<br /> bear interest at the rrste of four and one half per aentus~ {4~,~} pQr
<br /> annuris. pa~abl® semi•csrsnurslly on Ehe t"first dmy of Apxil rued Uat;zber
<br /> of srah yscir until the principal says is pct id. said bands sshnll .cure
<br /> aerial~.y as 1"allowes
<br /> ~;-14,00fl.40 an 0otaber let eaa~x aT the yaara 1927 to 1941 inclu$ve:
<br /> Land
<br /> ~11.40fl.40 on 0atober let eaoh of tYse years 192 to 1951 nal~aaive.
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