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North Olmsted Legislation
Legislation Number
misc.
Legislation Date
4/15/1952
Year
1952
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Section 5. That all insta1:lments of said assessments and all <br />pQrtioris thereof, tageth?r with interest t1aere4n ? shall be ?ppli+ed <br />ta the payment o.? ?aid bor??? and interes? ?? the same sha1.l becama <br />due and ta nv aathear purpose whatsoever. In the even? that the ?ount <br />4f bc,nds raquired to be issued far ?aid imprcavsment shall be redu,ced <br />by the caah payment by the praperty owners in aacardance with the <br />optioan included i? the assessing ardinance, such reductiort sYra1.l he <br />accomplished by reduc a.rig a1l af the serial 1aondg taereinabave provided <br />for ?o as tc? ????in substantia31y equal ????? maturities. <br />6ection 6. The Auditor 3.a her?by directed ?o hav? ?aid bonds <br />azad coupcans prc?perly prepaa??d and execu.Led, to se11 the ??? ?nd to <br />deposit the proceeds in tiie City treasury t4 the ersdit of the Dc?ver <br />Center Fcoad Sidewalk 'Lraprovexer;t iund for the purpose of ?aying the <br />co?t of said Impr??eiaent not heretofore pre?vided to be paid by said <br />City aad fcar which purpose said mon?y is herebp appropriated, <br />6ec:t3.ou 7. Th4_u? said 3cands sha1l ?e first offered at par and <br />accrued interest t? ??e Treasurer ana. Officer in ctaarge of the Sink- <br />i.ng i4'?nd and 3.f said Tred.surer or Officer reftzses to t«ke any oa? all <br />a. said Banc?? then said ?:ondz not sa tal?en sha11 ?? ackyartized g4r <br />publicz sale and sold 3.za the manner provided by law but for not Z?se <br />thati t he par va1ue and accru+?d intez°?st. <br />, ;??ction 6. Th?:tt t?his ordinance a.s hereby declared to be an <br />emergency measure, the emergezicy ?eing that it is necezsary for the <br />im,zediate preservation of public hea1th, peace, safety and welfmr+t <br />and shall t-ak.e effec? ?nd be a. : farce frt?? -and after the +?arl3??t <br />period a1,1owe4 by 1.aw. <br />z .M ?o L 1? : Agri1 15, 1952 <br />AT"iz',ST : <br />vhM.t`?tn.' C e1' 0 ClUri.G?. K. ?. &UagB: nei? FOW+e of UQrUtng <br />ki' ? Yi.ov::YD : <br />ClaI`?n;@ r Matt , 7?yor
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