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2291 Ordinance
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2291 Ordinance
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Last modified
2/10/2014 10:54:04 AM
Creation date
1/30/2014 10:41:59 AM
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North Olmsted Legislation
Legislation Number
2291
Legislation Date
4/17/1956
Year
1956
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4 <br /> <br />~C:: ~'. _,~Cit"""'~~~-K~ Abp i3~H:"#~.$ Tt)~la~YZ~C Fox ~~ I~S~,#~t~ <br />CAJLCI _ F~ ~~ ~ 1~Q~Tg ~H <br />CI~1L xt~ <br />~, the City of ~srth @l~sted, t~hie, o xna amt <br />®perates a ~~a~.c~~ai Line csrrp~a~ passengers to sad fret the <br />City of ~7~-eveZaa~d, and . <br />A~, it is aeesssary to abue bends ia~ the t of <br />3 ~ , .QC _fer tie se e~' p~ehasisg a~-ta-r ~hslea fsr ass ~ <br />said lcipal , asd <br />a, this ~en,el desires a sisgl.e _bead isets~ fer <br />the fax'eg®ia4g p~ sees, ~tnd the City 1f.ter 'has ca~ifisd gist <br />the life aee-f ®f tlu~ pr~~r s~ iaepreYerreats esnteat- <br />~.ated e~eeedua fire y~sars. see ire as t~+~ sra~ matmrity ®f asd <br />in aecerda~:a~e td.th ~e$tea 3~3 of the 8~rvised ode of <br />B xhi+aih ~t.matty doss e~c,eed t ~ somber of <br />pasta. rsgmred to retire t~+s bends as cer°~ifed by this Cevueil to <br />the ~taty Aaditer. <br />x~ F ~ IT C~ xY T$g C4t~CI.Z 4F T~ CI?Y <br />OF g ~~, ~~aT~ QxI~s: - .. <br />That fer tl~ perrp~ee of :parehat_si.~ .said avt+ar Yehf.clss <br />it is seeeeear,~ to sse~s amt there shall bs' ss~d, and ea-1d, bQa~s <br />®f thfs ~.~y at th® pr3~1 Ott of ~ , der aetthmrity <br />sad Sat ~al~aa~t1~3. lghlarl~r parssaat to <br />33.x, iae3saiw„ <br />of t~ Retis~rd Ceds~ That shch b!-sds shall be sssd~ iz ems le-t` <br />~ of y 1: 1956: <br />~ estia4atiesthall ~~ be eexpon b0]~s, <br />,p~aa~a~.~~r0 ~~e,'el"~$ '1'~,B }~1~t~.l~xk'~. ~.tr~f ~aL I~f aFe~BAd, $4r't}~ <br />t~l~tsted xira Iit~rtln €~1~Ntat~ed, t~hi.d, shall b~eatr interest at the. <br />rate of three ~3~j per ceatma per aaa~c, pay~abla ss~. ~a <br />the first play of . I~ril and tr~.e first day ®f teber of +each year <br />ant3.~. the grinepatl sr~a paid, npoxi pressa~atio~n ate. ~-srreader of <br />the pareper interest sea Bch shs].1 ba attae~sd to said be~.e; <br />provided, ~e~eTer, tha'6 if said b are sold bed a ditfere~at <br />rate of iatereo~t `thaw hereiabefere apeeied, saQh beads s~.l bear <br />such rate.ef interest ss-say be pr®vded far iR the res~lstisa <br />ar~rardiag the seats.' <br />;~ gsid be~mds shale be atmebesed fry ens tQ <br />fert~r-t~rsd-~ ae ~nsve, ..sad shall mature as fa~31~-s'« <br />_ ...... <br />....,, <br />Oct®ber 1, 1957 1 to ~ both inclgsive ~ $,E~00.Q4 <br />Oct®b®r 1, 195$ 9 to 16 ~ ~ ~,.a0 <br />Oct®ber 1, 1959 17 to 25 ~ " 9,C4C.40 <br />Octebsr i, 19l~4 26 to 3J~ ~ ~ 9,c.Q~ <br />~ctebar 1, 1961 35 to ~3 " " 9,. <br />For the payment of said principal asd;said interest <br />coapeas theretA attached, the fs]a faith sad eradit of the City <br />©f berth Olmsted is hereby irreTecablg pledged. <br /> <br />
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