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ORDr?iANCE N0. 27.
<br />By i,Ar-. , Benne,tt,
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<br />; To.. issue- bonds ir_ anticipation- of: the collect.ion of special, a.ssess- mentis:-heietof.ore levied;ag:.inst.-tne lats:,and._1.a,n.cls bounding- and„abutting
<br />on BonnievieiAr Road .f'or, the improtrement- thereof f'rom the center- lirie aa°r .' :
<br />S.O.P.?T.?.; CenMeri Roart o.,the- center line of..Beech ,Hill Road,. by est,?iUlis'1i.'ng a grade, grading;--const.ruct i'n? ?deyr -and dra? ning.-'
<br />Bo it Ordained by the Council of the Village of Mayfield, State of.
<br />Ohio:". . . ,., -
<br />Sectiori' ''hat to?-provide.a iiznd.,i'or" tlie paynient of `he.,cos`U.and,..
<br />e;:pense f'or i^Jhich spECial,essessr.ien'Ls.'riave"heretoiore boeri.levied_for:t.he.,
<br />improvoir.ent of Bonnieview, from the center 7:ine of S.O:M. CeriteN Road
<br />to the center J.i-ne of. Beech Hi11. Poa.d, . by:,establisning ag-rade, gr.ading
<br />constructing','sid??sralks and draining, this Council issu.e..bonds- of saicl .Vil-,
<br />la,ge in tY!e"aggregate amount '.of ?,','10,b00,;,iv?th' intexest'.coupons attachecl,.
<br />said bord.s:'being nurnbered, desbri:becland_made_j?ayaqle as folloirs;`?,
<br />'-' ?° P1o: 1e " for:, y?T,000 payable Uctober T, 19220'
<br />n 2. t? 1, 000 " ". " 1923. ,
<br />'1,000. '1924: : l,`000
<br />" 5. " 1,000 " " " 1926.
<br />" 6. " 1,000 " " " 1927.
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<br />" 7. ' 1,000 it 1928,:: -. " ge " 1,000 " „ " 1929.
<br />--- a-- .-,?;,?--,?----•:m ::•c?--:`_--- -.? -1-000 n • ,193.0.
<br />n 10.,0 r} 1,000 it ?? . 19810 1111 of said bonds to draw interest f'rom.the date of s3.le at the;rate :
<br />of 6% per annum, payable ser.ii-annualliT on the lst days of 11pri1 and October
<br />of each year on and after the lst day of October, 1922.
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<br />Section 2. That both principal and interesu sh-al.l be payable at the
<br />ofii-ce of the ^1reasurer of said Village, on the present,ation and surrender
<br />of said bonds a11d the coupons thereto a.ttached As they respectitTelv" mat"ure.
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<br />?-' Section'-3e 'That'sa.i.d bancls''shall be dated the da}r of? sa1e;' and, too-?
<br />getlzer __t+rith;''intere'st cou.r,oris, , shall.be issued a.nd signed acco,rding to lwvur.
<br />""Said interest ooupon.s ;shall have the. signature of the Clerk lit'_nographed -
<br />the'v reon. . _ ? ?; .
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<br />Section 4. T'_nat the faitn and revenue of all the real a,nd personal
<br />proPerty in said 'iillage ftre hereby plodged to tho pay-nent, of sa? d bonds
<br />and coupoils _to_.the__term.s_.thereof.
<br />S?ction 5: ? That` upon. the- sale of said bonds the proceeds thereoF'"' `.
<br />shall be placed in tho village treasur.y_ancl__disbursed'upan proper vouch-
<br />. ers in. payment of the cost a.nd expense of thv improvemarrt aforesaid.
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<br />Sectiori 6. That said annual installments and all portions tihereof
<br />shall be applied to-the pa,yment o£ said bonds and iriterest as the same
<br />shal1 becorae due, ancl to no other purpose whatsoevez°o
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