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865 Ordinance
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865 Ordinance
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1/14/2014 2:27:54 PM
Creation date
1/2/2014 9:23:19 AM
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North Olmsted Legislation
Legislation Number
865
Legislation Date
2/6/1951
Year
1951
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, Sestion 4. The Clerk iS hers'#r? authorized asd directod <br />to certify a copy at this agdinance to the Andit+ar a? Cuyahoga <br />County„ Qh3o, acearding te, 1aw. <br />Sectio:? ?, That all in?tallffients cf sa3ci assessment s and <br />ail p0rtians therevf* together witta interest tl?reon: shall be <br />&py,lied to the pt??ent of said btands axid inter??t F-s tht same shall <br />beevme due a,..nd ta na? other purpmse wtaatsoever. In the event that <br />the asomt of bond? ?equ3red to be issued for said improvement shall <br />he redueed by the ca?h payment by the p??????ty ownez's in acct3rdanc:e <br />with the aptiQn included in t?? ??sessin€; ard3.n&nce, sueh reduction <br />shall be accomplished by reducing all of the seribl bQnds herein- <br />abc??? ?rovided f or sa us to retain su1? ?tant#.a11.y equa1 annual <br />m,aturitie$. <br />Sf3wbioi,a 64 +1:he 'L.i.e#:pw is hRiTi eby di#ected to it??e sWid <br />bomds and coupons proper3.y prepared and exeeuteci, to sell ??? same <br />and to depo$it the pr4ceeds in t;ae Village treasury co the cred.it <br />of° the Lueydu3e Avenue Ispravement Fund for the purpose Qf kpaying <br />the cQSt c?? said ispi-c???ment nat her?tofcsre provided to be paiti bg <br />said Vil1age and for which purpa?? ?aid ???ey is herebg approprf.ated. <br />Secti.on 7. That said Bonds sha11, be fir?? offered at <br />par ?nd accrued i.n?erest ta the Treasurer and Officer in charge of <br />the Sinking Fvnd and i? ?aid Treasurer Qr Of'ficer refuses ta take? <br />any ?? al1 of saidibnds then sa3.d Bonc?s not so t&ken siaall be <br />a&rrertised fQr publi+? saiie und sald 3.r, the miamer provided by <br />law but for not less tnan the par v&lue and accrued interest. <br />Sect3.an 8. That this ordinaWS is hereby decl.ared to <br />be an omergeney r4easure, the emergeney being that it is n????sary <br />fcr the ismediats ?,areservation of public hea2th, peaee, safety <br />and welfare that this ordi?ance be passed at Qnca, and shall take <br />effect and be in force 2'rom and after its passage. <br />Passsd: Febru?xry 6 p 1951. <br />Attest3 <br />E. M. Christman <br />7 <br /> <br />Clarence J. Oviatt <br />. ?
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