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availableo NoW therefore, <br />BE IT ORD1iINL:D by the Council of the Village of 'r.iayfie1d, State <br />of Ohio, ttvo-thiias of all members elected thereto concurring: , <br />SECTIOId 1. That it is deemed necessary to isstize the boncls of <br />the Village of LMajrfield, Cuyahoga County, Ohio in the principal smn of <br />twelve thousand^dollars, kil9,g,600.00),, in order to provide a fund f'or the <br />pvi]ooso of erocting or purchasing vio-rks 'Lor the generation a-qd transmission, <br />of eleci;ricity and i or supplying electricity to this corporation and i;he <br />inh.abitants thereof g <br />SLCTION 2. That boncls of tho Vil7.age of iu'.a,yiield, Ohio sha11 be <br />issuea in the principal sum of ?12,000.00 for the purpose aforesaid. aaid <br />bonds shalZ be numbered from one to tvaelve, both incl.usive, <br />each of said bonds shall be in the domination of E;'1,000•00, and said bonds <br />shall be dated Yiarch 1st,1923, and shall bear interest at the rate of five <br />per centwn pe'r annum,payable semi-annually, on tha jirst da;ys of Apri1 <br />and October of eacn year until the principal sum id paid. 6aid'bonds sha1l ? <br />mature as foll.oivsz <br />One bond on Oci,ober lst in e4ch ;o??the <br />years =rorn 19.25 to 1936, botll incl.usive, which <br />maturitues arE hereby detarrnined to be' in sub- <br />?. tantially egual ari:n.ua1 installments. <br />- 2',he principal and interest of a11 of said bonds sna7.1 be paJable <br />a1; the o:f:fice of 1he Gvarclian Savings & Trtast Company in the City of Cleve- <br />?. , <br />. land, Ohio e <br />SECTIOAT 3. That said bonas shall express upon their face the <br />? purLLpose for vlhich: they are issued; thai; they are issued in pursuance of this <br />? ordinance and sha,1l be si;necl by the i:Tayor and Clerk, and sea7.ed tivith the <br />corpozate seal o:f_said vi7.lage. The interes.t coupons_attached to saia <br />bondP sha11 bear the facsianile signature of the clerk. <br />? <br />? . SECTIOTT 40 Tha t for the purpose of providing the necessary <br />. . t <br />f'und.s to pay the. interest on the foregoing issue of bonds, paomptly when, <br />ancl as the same 'Lal1s due and also to provide z fund sufiicient to discnarge