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. ,%Vt. LXALXja <br />i w. L4''Ib/ <br />A RE80I?? ?#t'lCpti?IlR? TO SUNI'1' TO T!u MAMM ta! T!C! . <br />CY'1'Y Qip ?'!$ 654m m queaXp! 4f 7ssum HO+1fD8 Foit 7!D <br />R1M8R 0F DOl?? M XI,1IWM M? IU?MIl?. <br />8tiaill? r00rL kTlg A? g? xmtm am D[- <br />Pi1?fViiO?? An AOQUX" 10=8"w IN ttiA16 mB'1'u <br />TIRDH, ARD ZiQiEtM AZi MFFJIMRIIM'x. ' <br />• <br />• <br />WIMlAS, wn initiative petitiou iW 1Mrw Waswt?d Gbwacil !4t <br />sdoption ot legimlati,on providirig ttaL the qwstka ot ies *250,000' et <br />bonds aad Ltvying a tax outeida the ten aill 1lmita?ttoa tor const,svctten <br />ot amunfcipal outcicor evi,aina poai be ploced bsSoro the flectors of the <br />CiLy; sad <br />WRMSAS, QMa?cil d+tteraines t,bat spt'.k qtustioa should be submitted <br />gursuant to legicUtioe? &Wpterd in f.1e follwvl.ng foxm; ' <br />NDW.* '??s 19 Tr RX80LVSD by the Council of tx?e City of llort& <br />Olmete8, Cuyshoga County, Qhio; <br />Baetio.n 1. That tcr tkae purposa ct' ovastructlrg equi i aa <br />C?U'tdOOr ?t?Clpl?l 81?.m1t'lg ?1i3pj Mi"? a?p]?Dti Oti?'LiLti32'Q8? ? ?t0 ?- <br />pi'o?se?ata ?acguiMcg e?riary iateaests in rN2 es?3ate retbs, iti is <br />aecesear?r to i.saue bonds of id City in the awottat of $250, j l?hat it ia <br />necesssry to levy a t?euc outsi t.ba 13mitstioa 3sppaed by 3ectiQat 2 ot' Arti- <br />cle XII of the 0:?3o Coasti?tuti t,o pey the intszeet on aad to retirs sai8 <br />boncis; that the question of the iesuance of aa±d bonds sad of the levy oS suab <br />tax shall be eutmitted to the electo.rs of "id City at the Sorienl ellctlln fn <br />be held ilbvmber 3, 1964; that the approxiaate date of mid Doads vill lit Dta- <br />eaber l, 1964; that said bands wi7.1. 1e pftsbl+r ia tvenV? mmal 11wU1Un11ts <br />matusing in substawtiall3r equal sawonie during • period aP tvanty-ons y+NSs <br />after the autlorization there.wf; and the beid barnds arill boar intereat et • <br />raLe wr eetinfsted at tiaree aud oua-halr per aantum per &=tm, p"ble omt,. <br />e?nnually. <br />. <br />9ection 2. That tLw Clerk ct Comoc12 is bereW d1rected %o "r" <br />a copy aP this resc?lutlaa to the Auditor a! 0ty&60pt payaty !mr- hia oa1M40.• <br />Li.?vn of the aver%qe a=vral t,ax xsts, aacVressed iey dol.Lara and cwts t'Or stab <br />oae hundried dolkra OP valusticcan as voal es in mil].g !os eaeh me dolliW ot <br />valustion, raqt:.ired thaco7,tgxx)sjt the life caf the bo&U to pay tae inteftitt aet <br />and to retire ,ca3d boaKls, 638w?i.n9 that t,hey are all iecua8 in aae set39s Yd <br />thst the amau.nt oP the tax liat af thie City remins the 3ere througbmut the <br />1iPe of the seid tonds. <br />Saction 3. 7tat this rasolutioa ia be?rebr dsclaxod to be an, =e_. <br />gency nesscre necessaxjr Yor the ismediate preservatian of the pnblic beallb, <br />eafety wad uyelfare oP suid City, +anC'i fcr the fwcthez a*ason t.hst the imoo4lsts <br />construction of matd svlaair6 Fool ! g ne?rasaarf to provide adequate3y tbr tas <br />healtht'u1 recre&tion af t,,he rosideuts of the City, v'here3bre, this rasalutLao <br />s.haXl be i.n full fda•{;e wd ef'fec : fram &W. 1mmecltektely s3'ter its pasoago amd <br />appraval by ttw MAyox°. <br />Hlwged <br />dtte ct <br />.?L qs??--?e,..?v ??, ?, <br />air <br />, 'uA <br />C?pmvcd <br />19& <br />?. <br />?. <br />_ . . . ,:. . ,?. ..w, . ? :_? . ._ _ ...,. ,.?_? .?.