67-073 Ordinance - Laserfiche WebLink

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? .,?"r?? " CITY OF lpld'H 0lmn onDuaCB llb. ?LZ-7Q 39 aN aUNANcs AtmsOazsW rO IsauANCZ or eoINos sr' THI cITr OF ?TH alj?l, Z? AM!EVAllO 0F TU ODLTArX20S oF 3PIMAL A88SONlB !OA R!E Pf?RPOBt oF I)!'AOVIM 3tJNIDiRY S'1'?El1'8 HT (70MI'NC'lM BAMr'A8Y 8B+11W AND NIME83AR? APPtJRt'AUIWW, Alm DBMAXtO AN H+SWBZICY. WlStaAB, notss in the anouat of #1,068,000 and $218,418 vere isswd • pussuant ta Ordiuance 1b. 66-60 sad Orbirumce 16. 66-61, respectively, in sntioipation of t.he bonds herein tuthcriud, vhich notes are about to ¦ature; and i?A3j. tht Director of F''inance, aa Pisoal otficer of thie City, • hss DNtotore oertitied t?t1e estiaated lilie or tbe inQrovement and the me,ximim srturily of the bouds prayoeed to be issued, lpidO i80, BE IT OEtDAII(ID by the Council of the City of lbrth Qlrtod, diio : Section l: Thst it is heseby declared necessarv to issue boiada of tit City o! xorth Oilastod, in tbe princip4l sun of $954 in amicipstion of ftt collection of special assesownta heretolbre levied !or the purpose at pViag the praperty awnera' portion of the cost of improving Maetick ADad •ad certain ot.ber street4 and essements in Area 3 of the City by oonstructina sanitarq "Mers and necessary appurtenances t.hereto between the termiai and in the sawner prorided in Aeaolution Iio. 64•2540 adopte8 October 20,, 19640 awd iaproring 3unset Oral arid certain other etreete in Area 3 0f the City by ooastruating saaitary seti+ers arid nwceasary appurtenancee thereto betveen the teraiai srid ia the saaner provided in Resolution No. 65-84, adapted qpril 60 1965. 3ectioa 2: $aid bonds ahall be issuecl in theprincipal amount of #954,400 for the purpose aiortsaid. The asid bonds sha].1 be dated April 1, 1967 , 4ba11 be isswd in the denomination of $50000 each, except bond rio. 1 vhiah ohell be of the denonination of $4,400, shall be riumbered fros 1 to 191 both inclusimeO and thall bear interest at the rate of four per centum (45 per annun, pvable eeni-annually on the lirst day of J'une and the first de, gf December of each yrear beginning December 1, 1967) until the principsl sum is paid, as evidenced by the coupone attached thereto; provided, hweveri thst if the bcnds are sold bearing a ditferent rate of intereat than berein opecilied, such bouda shall bear such rate.of interest as mqy be provided in the reeolution of Council approving the award thereof. Such bonde ehall mature in their oonsecutive eerial order as Pollows: $44,400 oa December 1, 1968; $45,000 on December 1 in each of the years from 1969 to 1976, inclusive; and $50,000 on Decesber 1 in each of the yeare from 1977 to 1987, inclusive; xhich maturities are hereby determined to be in subetantially equal annual ? inatsllaeats. 3ection 3: 3aid bonds shall be signed by the Ids4Yer and Director o! !'insnce, provided the.t one of such signatures may be a facsimile sigaature, anA ehall bortt the corporate seal of said City. Interest coupona attached to said bonds shdll bear the facsimile signature of the Director of Finanee printea or litho,grnphed thereon. They shall be designated "Sewer Aeaessment HoYrds", ard ahall be payable in lavttzl money of the UniteQ States of America at the aain of"fi.ce of The National City Bank of Cleveland, Gleveland, Ohio. Section 4: !br the purpose of providing the necessary fLinds to pay thi intere6t on the foregoing isaue of bonds vt!en and ae the same Yalle due, and also to provide a flznd sufficient to discharg+e the said serial bonds at