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<br />ORDIAIAl5ict ?60• 88t
<br />?ys &rw ?? ardner Pli€NZDIAti Kfi T,-,aE
<br />?44G? Ok ??TWi Y?hicL? Bc;'?D?;,
<br />???kAb? ???? ??????? ?f bicrt#? Olmst??? ????? ???? ??d
<br />ope????s 4 municipal bus line carryirag ,?????ge?? ?o and from the Ci ty
<br />+?? ClevelLnd, ant?
<br />???iBA6p it is noceffi??ry to is3, wae bca43 In €;.he 6i?otu?? of
<br />#7Sj600.00 ?'o,? the.purpaae of purc??a??i? soLor ?ehlc1es for ??? ?? ?aid
<br />Muaicipal bus Line and wil1, r+?qu#.?e M00.00 to eare for i.ntesrest
<br />matariug provicu? ?? tbe rec.eipt Qf° taxe3 f??? whieh such latereat is to
<br />be u1tl??ely paid, making & tcrta,? ?????gat*? amount of $75,000.00.
<br />Lfii'R"610 th13 Couucil d?sia??? ? Sicigle bond 1,3340 frr th?
<br />foregoi?g pa??????sp and th¢,? Clt-?rk of th3s +??un*il 4&s ctrtifted that
<br />the l3,fe or usefulness of the prop??ty and i??rov??ents tontomplated
<br />e:?co+?s fi?? ???r,%, as well as tb?? ?aximua ?????ity c?? ?uid bc???s in
<br />accorc?urAc+? with ???ti?n L?f?3..9 of the Oeneru3.Code, wi4i eh ssximum
<br />maturity does uot exceed the maxir?? ????r of y*4-rs requirod to
<br />retire Lhe bonds &s cert3.f ied by this Council to the Comty Auditor,
<br />AUO Th.?????? bt I;?,` C,40DA3.??i; N T41, WU.AI1, t,ik VA, VT??AGE
<br />NCrisTt? ??4TB#?? ?TeLL Ck WiNf
<br />.beS,tjon..4,5 Tk?4L lor the pazrpose of ??urchazitig mot?? ?ehicl?s iC i?
<br />?ea*ssar,? ?? ????o ae;d tbere shall ?)* issu+?? ?dsold bonds of tiils
<br />in the prineigal, Aimaunt of $7b,000.00 un+der authcsr??? of ttio
<br />UAiform Bond A(A of the Oozer4l Code of the State of Ohio« ???? suc?
<br />?oatts shall be issued in t??e lot.
<br />Said bonds shall be,a,r date of Apri2 1. lg:1o $hall be of ta??
<br />?enomtnatioax of t1000.000 shall be ca?pon ?cnds,? ??y&b.ie to b#brer
<br />at t;?? ?ank of ??re** NorClx Olast+Rd o9Cl1??? shall b+?ur ir???rest at
<br />the a???? of ?????? (3$ per Coutut per annum, payab:?? ?emi-??ugilly
<br />cra t?e t,1.?st day of kpat'l.3. ??? ????? fi?st day cf" Oet?????r of +?&ch yeir
<br />urxt#l ??? ?rincip-al sttm is ?ujd# upon presentation and 3urrendor of
<br />the par???r interes'? coupons waich shall ?? ?????????? to ???d bonds;
<br />pr+ovideds bawo??r, ???t If ???? ????? ?re ?old boaring & dift??qnt
<br />rate of iat???st ?han Lareinbefc:-}re s;?????ied, such?boat?? shall bear suca
<br />???? ?f interozt as a?ay be ?aroylt??d for 3.n the resr?l?Atlon av?.rdinf the
<br />5"0 0
<br />° ' 1129 " Suid bonds shall be numbe.r?d from oae to seventy-fivo
<br />1nc.UA, v*# Un+? shall sature as followsz
<br />A!' "T?.,,
<br />Octo$er 1* lgt+k
<br />Gotober lp lii5Z
<br />E??to??r 1? lk?54
<br />Oc?ober Is 1.4b:a
<br />Q??ober 10 li??
<br />kok, "ORIL
<br />Bo1/y 1 KGLVSIi'k
<br />l. to 15 tib,000.00
<br />16 to 30 " ?-lb,,OOO«OC
<br />31 ta 45 " ?;l5tQOfl,0C"s
<br />46 to 60 41b#0QQ.0C
<br />61 to 75 415*€?00,OC
<br />It is hereby dot?er?????? that t???bove m??u,ri????? 61 ? ??
<br />substuzitia12y ?qual anau&l instu:?.Imsr,ts.
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