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957 Ordinance
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957 Ordinance
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Last modified
1/14/2014 2:27:38 PM
Creation date
1/2/2014 6:01:08 AM
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North Olmsted Legislation
Legislation Number
957
Legislation Date
4/15/1952
Year
1952
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4RUINAk3C? NO. ?p J'? <br />/ <br />HY: 9htl IL?G AN ORDINANCE '?O PROVIDE FGR THE <br />ISSUANCE OF BO.??? IN ANTICIFATIf3N <br />OF THE CQLLECT:CON t}F SPECZAL <br />ASSES`?S}??(?a??fiTTy?S ?'flI '??r+?H/?,E IM?P}R?3?{?'?M?E}??'T <br />O}±?,If D/y?VR ^p? <br />?'+Y?#[?'lTE}y ? A?Y A??Y 9¢{ F??Vy ?'?V <br />?}}+•}ry ?N*yi?+T?iER- <br />N(y^/}? y•4? ? `'? p.Yi4??yYpij??!y MiJ? ?/yAn T/? YV i?ryY/+?y?MY?y/yy ?IJ!??yi(#V41.MF BY <br />u?+{V?liR.I?p•YJ A VYiYC?TE ?{jlii^l?g? W /?y' <br />MOilST#\ <br />+?4' <br />?.'i3.t;d i9 ,r ?tiJ T?i° Rt??ly yJ^.?i k ?.7.RD?° OF +JA ? LIOY?il <br />C.?,L E?Li RV,f'?L. <br />BE IT ORDAINED HY THE COUNGIL OF `IE CTTY flF Nt3R'TH QLM?TED, <br />STATE OF OHIOt <br />Section 1. That for the purg+ase of ra3.stng mranep in antici- <br />pation af the eal3.ection of special ass+essm?ents for the S.mpravement <br />af Daver Center RQad from Butternut Ridge Rr?ad to Lorain Raad by <br />construeting a eoncrete walk on the Westerly sid+?, in accardance <br />w3.th Ordinance Na. $67, passed an the 6th day of FebruarY, 1951, <br />borids of the City of North Olmsted #Ohio, shall be issued ts the <br />amount af 44,309.05tc? pay a note previously issued and is now due <br />and payab2e, <br />Section 2. Said bonds sha11 b+e signed by the Mayor and <br />Auditvr, bear date of April l, 1952, and shall be numbered and be <br />due and payable as foliows; <br />D a f Ma:t t NgMbgr Amoant <br />October 1, 1953 1 ? 349.05 <br />October 1, 1954 2 1:QOt} .C3Q <br />October 1, 1955 3 10000.00 <br />October i, 1956 4 10000.00 <br />October 1, 1957 5 1,000.0o <br />:It is hereby detemined th?t the above matur3.ties a" in sub- <br />stantially equal annual instal3.ments. <br />Said bc?nds sha1l be of tlae denaminaticrn of $1 ,f300.t30 each, <br />except Bond Na. 1 which sha3.3 be 3.n the denom3,nation ?? $309.05; <br />shall bear interest at the rate o,f' three per centum per annvm,pay- <br />able semi-arnual,lp on the first dags of Apxil and October of each <br />year and for which the proper interest coupons baaring afacsimile <br />of the s3.gnature of ths Auditor shall be attached tca and mad+e a <br />
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