Laserfiche WebLink
m , <br />? <br />? <br />Q <br />? ; <br />z <br />F- <br />? Sec, 5- Such notes sha11 be executed by the Mayor and Village Clerk <br />and bear the seaal of the corporation. They shall be payable at the Office of <br />the Treasurer of the Village of NayfieZd, Ohio; they shall express upon <br />their face the purpose for which they are issued and that they a re issned <br />' pursuant to °tha.s ordinance. <br />SecO 6. All assessments coll.ected for the improvements aforesaid <br />and unexperded balances remaining in t he fu.nds after the costs and expenses <br />of said improvements have been paid9 sha11 be appl3.ed to the payment of said <br />'notes and the interest thereon watil bo'ch are full.y provided for. <br />Sec« 7e Said notes sha1l be firs-t offered to the tmeasurer as <br />, officer in charge of the Bond Retirement Fand' and so mary of the sams as <br />shall not be taken by said fund shall be sold at private sale ly the Village <br />C].erk for not less than pa r and accrued interest, and the proceeds from such <br />sale, except any prenv.um and accrued interest thereon ( and the amaunt thereof <br />necessaz°y for the payment of interest prior to the maturity of said notes)9 <br />, sha11 be paid i.nto the proper fund and used far the purpose afaresaid and for <br />? no otller° purpose, ancl for which purpose said money is hereby appropriated. <br />, A,rry premiLUn and accrued interest ( and the amaixnt necessary for the payment <br />? of interest prior to their maturity) shall be °transferred to the Bond Retire- <br />? ment Fund to beapplied in the payment of prineipal ancl interest of said notes <br />in the manner provi.ded by law0 <br />Sec. 8* Said notes shall be the fu1.Z general obligations of the <br />Vil].age and the full faith, credit and revernze of` said Vil].age are hereby' <br />?' pledged for the prompt payment of the same. The par value to be received <br />?from the sale of the bonds anticipated by said notes and any excess fund <br />co <br />resulting from the issuance of said notes shall, to the extent necessary' , <br />? be used on].y for the retirement of said notes at maturity, together -Ath <br />? interest thereon, and is hereby pledged for such purposee <br />? Sec. 9. In the ev?en?t that such assessments are not levied or bancls <br />? are not issued to provide a fund for the payment of s aid notes a°t maturity, <br />? a general ta?. shall be levied against all of the property in said Vi17.age <br />for the payment of such notes ana the interest -thereon. <br />Sec. 10. The Village C1erk is hereby directed to fonrard a <br />certified copy of this ordinance to the County Auditor, <br />Sec, 11, This ordinance is hereby determined to be an emergency <br />measure, necessary for the innnediate preserva-tian of the public peace, <br />health and safe-ty of such Village by reason of the fact that it is necessary <br />to complete said improvement during the present season' and said ordinance <br />shall go into imedi.ate effect upon its passage. <br />Passed this 20th day of October , 1958. <br />Attest: tiayor - President of Council <br />• ?--? ? <br />, , . <br />d SEE?.T, ';?_ erk a <br />? <br />?