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ORDINANCE N0. ~ Q <br />,., <br />By_; ~~ ~..~` AN ORDINANCE TO AT~.tEND SECTION 4 OF ORDINANCE <br />N0. 2055 ENTITLED 1fAN ORDIT~IANCE TO PROVIDE <br />FOR THE ISSUING OF NQTES IN ANTICIPATION OF <br />THE LEVY OF SPECIAL ASSESSMENTS AND IN AAi- <br />TICIPATION OF THE ISSUING OF BONDS IN ANTICIPA- <br />TION OF THE COI.LECTI(3N OF SPECIAL ASSESSMENTS <br />FOR THE. IMPROVEMENT OF BAxTON ROAD FR~i END <br />OF EgISTING MAIN TO WESTERLY CITY LINE ~3Y <br />CONSTRUCTING THEREIN A WATER MAIN. <br />BE IT ORDAINED BY THE COUNCIL OF THE CITY QF FORTH OLMSTED, <br />STATE OF OHIO: <br />Section 1. That Section 4 of Ordinance No. 2.055, passed <br />October 19. 195k. which reads as follows: <br />rrSection ~.. That such anticipatory note or notes in <br />the amount aforesaid shall be issued bearing interest at a <br />rate not exceeding four per cent (~.~) per annum, payable at <br />the maturity of said note or notes; said note or notes shall <br />be dated as of the date said note or notes are sold, and shall <br />mature on April 1, 1956; such note ar notes shall be executed <br />and delivered in such manner and such denominations as may be <br />requested by the purchaser of said note or notes', <br />be amended to read as follows: <br />Section li.. That such anticipatory note or notes in <br />the amount aforesaid shall be issued bearing interest at a <br />rate not exceeding four per cent (1~.~) per annum, payable at <br />the maturity of said note or notes; said note or notes shall <br />be dated as of the date said note or notes are sold, and shall <br />mature on or before one year after date; such note or notes <br />shall be executed and delivered in such manner and such denom- <br />inations as may be requested by the purchaser of said note <br />or notes. <br />Section 2. This ordinance is hereby declared to be an <br />emergency measure, the emergency being that it is necessary for the <br />immediate preservation of public health, peace, safety and welfare, <br />and to borrow money immedi~ tely for the necessary improvement of a <br />City street and for health purposes and fire protection, wherefore <br />this ordinance shall become effective immediately upon its passage <br />and approval by the Mayor. <br />PASSED : /~ ,~~ ~ y` <br />ATTEST: <br />~/~ fy~. <br />M. hri ma ~ --Caerk of Council <br />APPROVED: <br />,r <br />!/ <br />Ralph G.~eubauer} President <br />Pro ~em <br />I J. <br />P' g <br />r~ <br />.~ <br />-~har~es-B*-~.ew}s; cr <br />E. ~V. Baumgardner eting Mayor ~ <br />r~ <br />r <br />