Laserfiche WebLink
. <br />o8 <br />xEsaLUTzoN No. 1 <br />BY f1rus. PAR iC R. <br />A RESOLU?'IQN TQ PRQVTDE FaR 2HE LEVIaNG OF ADDITIGNAL TAXES FETR <br />THE PAYIUENT QF DEFAULTED SPECIAIa ASSESSPJENT Bf}IqD.S OF TI3E VILLA.GE. <br />WHEREAS., the Vil:Lage of gayfield has heretofore issued 038Se00eClQ of its <br />bonds ira anticipation of the c0l1.ection of special asSessments Qn certa.in of the real <br />estate Zocated in the VMage of Tiayfield: and <br />FiTHE?.I?ASD by reason of the failure of texpa,yers to make their payments of <br />taxes and assessments when an.d as duep it las been impossi.ble far the Village of <br />Ma,yfield ta meet the principal payments on said bonds as the same mature: and <br />VdHEREASt this CoianciT is mindf'?.?. of its duty to. the bvndholcl.ers to provic?e <br />funds to meet the princip8-I retirenent requ3.rements of said bonc7s, a.nd <br />114EREkS,, the Supreme Caurt of ahio in the ease of S-te.te, ex rel. Bruml vs. <br />Village of Brooklyn, et aIe 9 126 0. S. 459" Y±as held that a municipa€ity must levy <br />sufficient taxes wi.thin the 15 mi7.l limitation -to gravide for the interest and prin- <br />ciga.l payment requirements o£ special assessment bonndss and <br />WIjEREAS,, this Cauncil feels that it vill be necessary ta levay 22 mills ? <br />over and abave the 10 mill Limitation sst by the Canstituion cr£ the State of Oh3.o on' <br />aZl of the taxable real praperty Iocated within the Viltzge of Mayfield, in order to <br />provide f"unds sttfficient tax meet the principaL and interest requirements of said <br />special assess;.ient banas; ' - / <br />1VOWP THEPMOREO BE IT RESOLVED by the Council of the Village of IViayfieldt <br />Cuyahoga Cot7xltara . Oh3.os $h&ta ? <br />Sectiori 10 The County Budget Comraission be., and it hex°eby is requested to <br />levy on a.l]. af tlie te.xable real estate located wa:tliin the Village of Mayf3eld ad valarem <br />taxes at the rate of 2-21; miLls in excess of the 10 mi'll 3a.m:i-tati6n created by the Con- , <br />stitutian of the State af Ohia.,. with- respect- to ta,xes to be col.lected for the year 1938. <br />Section 2. Tt 3s hereby determi.n.ed tlaa.t aIl maneys received by reason of <br />such 2?1? mi?la tax? e?. be app3.:i.ed tca the pa;yment cr•?' the principa.I and interest x°equire- <br />ments on the special assessment bands heretofore issued by the ViL'Ea.ge of Mayfield. <br />Seetion 3. The V3.I3.age Clerk be, and she hereby i.s?, au.thorized and directed <br />to certify a aopy of this Resolution to the County Budget Commissiona <br />Section 4. This Resolution .shall take effect and be in force from and <br />after the earLiest period aLto-ved by law. ? <br />Passed the I7th clay of Octoher, A. D. 1938. , <br />Attest: ;•;?': ? XYL. <br />. r ijayor - Presiclent of Council. <br />SEAL Clerk. .?' <br />CLERK ° S CER.TIFICATE <br />I9 L+'ULALIA S. BEFdNETT, Clerk of the Village of Mayfield, Ohio, hereby <br />certify that there is no ne%rspaper printed 3ra said municipality and that publica- <br />tion of the faregoing Resolutaon Noo 108 was duly made by po3ting true copies <br />thereof at the five most pilblic places in said muaicipal3ty as determined by the <br />Counczl in Ord3nance No. 8passed april 11, 1921. <br />5?) Clerk.