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1930 108 Ordinance
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1930 108 Ordinance
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Last modified
11/19/2018 3:51:28 PM
Creation date
8/6/2018 7:09:28 AM
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Legislation-Meeting Minutes
Document Type
Ordinance
Number
108
Year
1930
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ORDIXA.ISCE No. 108 <br />BY NR. w ,r <br />AN ORDTNAIvTCF° TQf PRQVIMX FOR THM zSSUING OF BONDS IN <br />AISTICIPAT30iT OF TI? COLIECTION OF SPECIAI, A55FSSI?I?I?TS ,- <br />FOR THE' C01STRUCTTON OF SIDZ"-5TALKS ON THE VTES^1_TiMY SIDE. <br />OF S0X Cf= EPR R(}A.D FROIUC SJVILSON MSLLS. ROAD TO TICK SOUTH - <br />ZINE 0F TIM' BOARD OF EDUCATION I'R0I)ERTY. , <br />. B-B IT ORD'A11?M By the Counci7: of tlie Village ..of* My- <br />? <br />z ield, Ciiya.hoga County, Ohio, t.batc-= . - <br />t . ,. . <br />' Sec.t.ion ' I. For the purLwse : of ra isiizg inoney in. ` <br />a.nt.icipat.ion `of the collection'.of speeiaZ <br />provement of SOZJ Center Road by cori'structing <br />a.ssessraents far the irr? <br />sidetilr.lks on the westerly side thereof from titiilson jii1ls Haa:d.to ` <br />the south 1.ine of tn.e 3oard of. '.ud.ucation property in accordance witn <br />Ordinance No. 97, passe.d October 22nc?, 1928, bonds of sa id V-iZlage <br />shall be issued to the amount of Five Hundred Dollars (6'500.00), <br />and that notes shall nQt be issued in a.nticipa.tion tllerebf. <br />, <br />It. is hereby recited and dec].ared tnat there ha,s been <br />included in said bonds., an amo.unt- suffieient to ;pa,y the int,erest <br />thereon until: said assessments-are ac.va_i7.a_b1e.. , <br />? < < Sec-tio.n 2? Said bonds sl-all be s igned by` the Tilayor <br />- and Glerki bear date not 1ater tYjan <br />J"uIy I5th, 1330, and shall be nurabered and be clue and payable as <br />follows <br />Date of ifaturit.y N-oa. Amount. <br />< < Tuly I5th, 193Z Y $lOQ. <br />J"u3:y 15 °Eh. k 1932 2 100. <br />J`uly 15th; 1933 3 100. <br />Tuly 15th; ,1934 ° 4 100, <br />J'ul3r 15th, 1935 5. 100. <br />It is hereby determined that the above maturities <br />are in substantially equal annuzl installmentsi. <br />Sai.d bonds shall be of the denomimtion of $100.00 <br />each; shall bear interest at the rate. of six: per centura (6,0.') ner <br />annum, payable sexni-annually o.n the 15th days of J`anuary and .Tuly <br />of each yea.r and for which the pro*,:)er interest coupons bearing the <br />sig;nature of the Clerk, shall be attaahed to, and i7iade 2' m rt of <br />said bonds.. Principal and interest shal.l be _Ypaya?ble a t t'L1e off ice <br />of the Trea surE r oz sa id Village.. J <br />It is hereby stated a:nd recited tYat, the final tax <br />settlement between -the County Treasurer• dnd t:he Village of I2?ayfield, <br />next yollowing the inclusion of a, tax for the issue of the bonds <br />herein provided for in the annual budgett as lorovided by law, wi11 <br />take place in Augus u, 1931: `
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