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t3fWINi?At?L N£i. 882
<br />By:
<br />AA t4WZA"t?L TU Pr;GVTi?E k`t3h TliE
<br />ISbUIkiG Cik' ,?OTE6 IA AhTICIPATZON
<br />C1i` THE LhtiY OF 6PECIRL ?66E6UENTS
<br />11111a 114 AIiTIGIkiLTTON OF' TE?? ??SUING
<br />G: j?CNLS IN ,.:NTICIPmT1ON Of° THE
<br />GOLL.LCTIvL Qf 6PEGZAL ??S,LSSVFsKS
<br />FUl? ?iiE IAP1it?V1EXLNT OF ?.;OVEFt
<br />ti;W&h iiC+AD fFliOR BUT?ERNUT RIDGE
<br />hG4D i O WhkSbi RO" BY CO;?STkI't3CTTNG
<br />A CChCR??E W"4 t3fi THE ??ESTERLY SZZ1E
<br />0.0 611IJU ?U(;V ?:1% C:ENTL#i FtolliD,
<br />WhEhBA6 tne CotinCil 0.1° the 1ii'l.iage of North Olmsted has
<br />hereLofore, by p;.pper legf.slation, declared the neCeS.9ity Of improwing
<br />DQVer Center- hc??d from Butternut k?j.dge Road "?o Lorain hoad by coastruct--
<br />ing s cqucrete c?,?i?. on tne ?ester.?y? u1 ??Ala Lov.:r Center Rcad, and
<br />`veuLr.L,66 tuis Co,.u3ci1 ccntemplst?? tne usir of 45,I49.40 far
<br />the ? pur?a?ase ol' day?.ng ?,i4? ,?+?x?tio.a ?a" :;a:?d ?.?.?arIt w?.?.?h i? tc? be
<br />pa1d ?y a.sse.rivmLat'6rsr .
<br />N(??? ThEhEkOr{E? B,-: I:'i'. t1hl)nllatLi.t bY TiiL t.;uGAt:.IL ta? 1`tif V iLLAGE
<br />Uk NUXIA k,L9611Ii.D, C?'r Cias:t,,«
<br />bec,tion 1. ihat it is hereby declared necessary to isaue
<br />bonds of the Vil.?ace of Na?tii t,lmsted i?l L???? principal sf? of
<br />4519:9.40 f`or ???? p-ur?cL6 oi' .riiis1ng cuoney in antic3pat;ia.n of the
<br />c413.ection of` ssveci?_l ass ????ent: ror ttae improveinenG of Daver Center
<br />.4oad fram Butterrrut hidge ho:?kd tfl LQrai?? ?oL-d 'oy constructing a con-
<br />crete rrLtlk an ???? weste:ly side c2' said Aover Geni???- hoad.
<br />1Uet`.tiou i4• 1ha&ar saitiS. Ucnf,is shall kle or th".' t..e,?omdnati0?4' o1
<br />4,1400.00 e&--cY? exc?pt ttie f ???t bond *Lich st?na1.1 be i.n th? ?um of
<br />*114$.0; ???il be datea Apri.l l, 1.gbk, ?d i;ha:ll heur interest
<br />?? th?P rate of nc?t to exceed foi;r p:pr cent -per ariraum, ;payab1e semi-
<br />r
<br />??ually, on tb.e first etLys of A°ri1 ar?c? Ucte?i?e?• u? e&c@? ear,? until
<br />the pri:ncipal suua i.s ,?Lid, and =??a1l mature in five annua instal.l-
<br />ment? ???et their issuance.
<br />?iectiQn 5. I'hat for tet6 purv,c&a c:f ?aftsing raoney in
<br />?,ati??? of, the 3.?vy ef' special ssses?-;zents and in anticlpatian
<br />antici??
<br />?,f' °?h? i?:???r?c? ai bcancis in ?.nt?.c.i?:??ticsi: (.? t t??. ccl:.eetion of
<br />spec3:a1 assessments far ti?e 1mprQ? ???nt of' the abc??e named ?treet
<br />by constructing therein a conc;rete w?l,k on the westerl y sit?e i?t
<br />aQeordaz?ce ?r?.t?h the l?g?.slatior? ?ieretcafare pAsse+? b?erh? ?'i???of
<br />cc?uur?cil? v?it?? ro?pect Clseretc? t?c? pLy tiie prc?perty Q {r? ?y
<br />r j? yy?y 4 ?^rgpI??cy{ ?i ?ya(?? p,?+,{. t??y qy? p+?t?@?R? y? ,y. q@ £S
<br />?PLle 40Rr,iF! I?A./.ti e?f.??'{?riirY?t Vi ii7?d.i?Y #L??JC3?+ln?+l?4'r, 1i¢k ?VtG1??14?? IL .3-ic} ertby
<br />doclsred r?racess?.ry uG i.s,ue?, ?z€i th€?z°e sz?a?l . be is3ii4d, note or notes
<br />of ttis Y11l? e of Nart?z tilmsted ?.ra ti??: s? c??' 0149.40 whie?? s?aa?.l be
<br />placed.t;€? t??? credi? of L:ie L(:ver Center :3.???alk P'wwnd.
<br />6eC$$On 4. ?.'hiat au4o izntiCipatGry nt3te CtZ° ACtt+BS i? the
<br />aisount aforeaaid sh?.1?. be ?.s:,?aedt beurlxag interest at ths rate of three
<br />?.
<br />and one-halY per ceiit (3j*) per anaum, payable at-the maturity of sai
<br />n9te +t)r notfds$ said II£3t'6 t7r T1Qtes 8ha1.E???e Ci?a?t?l?@&prilsha?.?.0b'98X@G?'?iE?
<br />s?i?.li mature c?z? ?iar+??. Z.??, suct? r?
<br />end d.elivered in su?? sanL?er ana such denQm3.natir,n$ a;? may be
<br />reqjest?d by tt,e purc:haser of said note ar notes.
<br />Seetion 5_ Said nQte ar nates shall be executed by the
<br />B[ayor &zd ?he Vil:lage Clerk; shall bear th? ?ea3 of the c+??pora???n;
<br />they sha11 be payable 4t tYre crffice of the 8ank of bor?& CompanYs
<br />Iiorth G1asted ??ranch, in the V'i3.lage of barth U1astedo Ohic,,? they shall
<br />expr+ess ipou theiz° face the purpose far wh1.ch they are issuecl and
<br />that they are issued pur$uarat tQ tnis ordiaanc*.
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