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953 Ordinance
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953 Ordinance
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Last modified
1/14/2014 2:27:39 PM
Creation date
1/2/2014 6:02:03 AM
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North Olmsted Legislation
Legislation Number
953
Legislation Date
3/18/1952
Year
1952
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thoreat. ??e Amds dorived from said tax lovits herebg requiaced ? <br />sha11 be placed in a ?epar??e and distLinct rund, ?hicti, together <br />with interest cvllecteci c?n the *&*s shall be irrevocably <br />pledged for the payment of prirzaipa.l and interest o.? said b???? <br />whez? ?? ?? ??? same fall du#. <br />S.ggl,ign 4& The Auditor is hereby author??ed and <br />dirooted tQ ctsrt.??? ? copy of ???s o?dinance to the Auditor vf <br />Cu???gaL Caunty, Unio, acctarding to law. <br />".'gg..,5rThat all i,nstallmento a?? ?aid ass+?? ??s an+? <br />al1 portions thoreof* together with inter??? ??????n, shall be <br />aFp13.ed to the payment of said bonds and inter??? ?? ?? sam+? <br />??al;? ??come &ue and to no a??er pu??e whatsoever, Ir? ??? <br />????? th=:4? tho ataount 4f bonds requir+?? ?o be 9: s???ed for said <br />3,mprove???? ?tial1 b,a r?du?ed by the ?ash payment by the property <br />owners in aocordance witi•i the ??tion 9kncludod in th? ??sessi? <br />?rdinance, such reductican staall be aecomplished ky reducing a11 <br />of the sorial, bonde hereinabove provi??d for so as t+a retaitt <br />subst???ia3.1y equal annual matua^iti+?s. <br />iiggllga .,,ka Th+? Auditor ia h*r??? dire??ed to tav+? ?aid <br />bond.s and coupc??? properly prepar#d aftd oxecutod, to sell the <br />same and t+? ?eposit the proceeds In the Gity Tr??sur7 to the <br />credi? ?f the '??alter I??ad ?4ator Impr????t Fund No. 2 .??r the <br />paarpos+? of paying,. the ccrst of said i?prov+ement not heretofore <br />provided tca be paid by? ???? City an,d for whir?i purps?oo sa3.d <br />mox??y is boreb? apprvpriated. <br />`?.'`jg.' L, That said Bonds ishall be first offere+d at <br />par and accr??? ?nterest ta the `?????? ?? Offiaer ? chargo <br />af the i4nkina YwidG ?ii? if said '?????r or Offiaer refuses to <br />t?? ?ny ar ?? of said Borid? ?he,n said ;????s n?? ?? ??? shal1 <br />b?? ??artised .??? ?u5li? sal? ??d sold in the mann+?? provided by <br />law b#?t f?? ??t l??? than ttie psLr valu+? and accarued interesv.
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