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ra~D INANCE NO . y .~ ~ <br />BY: AN ORDINANCE TG PROVIDE ~'U~-~ `~'~IE <br />ISSUANCE OF :BLINDS III AIvTICIPA- <br />TION OF THE COLLECTION OF S?'~aCIAL <br />ASSES~~4IENTS FOR THE II~'IrROVI;MENT OF <br />i~ICkEN~IE ROAD, FROM LORAIN ROAD <br />TO THE SOUTHERLY DINE OF JOHN AND <br />MARY MARUSCHAK~S PROPERTY I3Y <br />CUi~TSTRUCTION OF A '~°JATER ?;1AI1i . <br />BE IT ORIjA1NED ~Y THE COUNCIL: 0~' `1:'HE CITY 1~' ~~sORTH OL~~'ISTED , <br />STATE OF OHIO: <br />Section 1. That for the purpose of raising money in antici- <br />pation of the collection of special assessments for the improve- <br />ment of McKenzie Road, from Lorain Road to the Southerly line of <br />John and Mary Maruschak's property, by Construction of a grater <br />main, in accordance with Ordinance No. $3$, passed on the 1st. <br />day of August, 1950, bonds of the City of North Olmsted, Ohia, <br />shall be issued to the amount of X25,600.00 to ~~ay a note <br />previously issued and is now due and payable. <br />Section 2. Said bands shall he ~; ~nar~ her fi.hc iut~~.~r ~„~ <br />Clerk bear date of Jan~~ary 1, 1952, and shall be num'oerec~{ and <br />be due and payable as follows; <br />Date of Maturity Numbers Amount <br /> <br />October 1, 1953 1-2 Inclusive X2,000.00 <br />October 1, 19511. 3-~, " X2,000.00 <br />October 1, 1955 5-6 " X2,000.00 <br />October 1, 1956 7-$ 't ~~2,000.00 <br />October 1, 1957 9-10-11 " ,~~2,600,00 <br />October 1, 195$ 12-13-11~ " 3,000.00 <br />October 1, 1959 15-16-1'7 '~ X3,000.00 <br />October 1, 1960 1$-19-20 '~ X3,000.00 <br />October 1, 1961 21-22-23 ~ X3,000.00 <br />October 1, 1962 21,.-25-26 " ~~3,000.00 <br />It is hereby determined that the above maturities are <br />in substantially equal annual installments. <br /> <br />