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~ j f <br />ORDINANCE NO . ~3c <br />BY : i~~~ <br />AN ORDINANCE TO PROVIDE <br />FOR THE ISSUANCE OF BANDS <br />IN ANTICIPATION OF THE <br />COLLECTION OF SPECIAL <br />A~3ESSiKENTS FOR THE II~RO~E- <br />MENT OF GLADLAND A~ENtTE , FROM <br />ELM ROAD TO THE NORTHERLY END, <br />BX CONSTRUCTION OF A WATER ~~AIN. <br />BE IT ORDAINED BY THE COUiVCIL OF THE C?TY OF NORTH OLMSTED, <br />STATE OF OHIO: <br />Section i. That for the purpose of raising money in antici- <br />pation of the collection of special assessments for the improve_ <br />merit of Gladland avenue, from Elm Road to the Northerly end, by <br />Construction of a Water Main, in accordance with Ordinance No. <br />$39 passed on the 1st. day of August, 1950, bonds of the City of <br />North Olmsted, Ohio, shall be issued to the amount of 2,23000 <br /> <br />to pay a note previously issued and is now due and payable. <br />Se ction 2. Said bonds shal l be sined by the Mayor and Clerk, <br />bear da te of January 1, 1952, an d shall be numbered and be due and <br />payable as follows: <br />Date of Maturity Numbers <br />Amounts <br />t?etober 1, 1953 <br /> 1 <br />230.00 <br />October 1, 1954 <br /> 2 X200.00 <br />October 1, 1955 <br /> 3 X200.00 <br />October 1, 1856 <br /> 4 X200.00 <br />October 1, 1957 <br /> 5 X200 .oo <br />October 1, 195$ <br /> 6 <br />~24D .00 <br />October 1, 1959 <br /> ? 200.00 <br />October 1, 1960 <br /> $ X200.00 <br />October 1, 1961 <br /> 9 X200.00 <br />October 1, 1962 <br /> to ~ 11 ~400.Oo <br />It is hereby determined that the above maturities are in <br />substantial ly equal annual installments. <br /> <br />