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0911 Ordinance
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0911 Ordinance
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Last modified
2/10/2014 10:54:56 AM
Creation date
2/4/2014 8:22:56 AM
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North Olmsted Legislation
Legislation Number
0911
Legislation Date
9/18/1951
Year
1951
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~e~aisn 6. A].3 aaresaseeats cellected far the- iatpraNr r <br />afmresai~l and ua balks remttisiag, is th® fwd arr the ed'rat <br />awl aa~pease cf sai itt~rave~ssat has beam paid: shall be stied tr the <br />payn at of said .ante ar notee aed the interest tb ~til firth arr <br />f r~.l~- previ dad for . <br />3eetiox~ 7. Said mote or actes shall first be of~.'+es'ed t® the <br />~tr~trsr of the villages aa~d so many of the sane ar shall a~at tie takaa~ <br />~~r said Village Tr~p-r~sr sha~.l ~e soli at grvate~ sale ~ the village <br />Clerk, bxt for sot lass tl~a lam' sad aea~ iatsi ~-d tb~s proea <br />fret soh salt, except asy ~ sad ace~ed iste~e thereon s~1 the <br />am~-u~ thereat ueea~rary for the payneat of iatersxst prior to the eatur- <br />ity of said mote or notes shat.]. be paid into the peeper fund amd used <br />for the purpose aforesaid asd far no ether parposs. pr~i ~e- saw <br />accrued interest and the a~tc-~t esssry far the t of rest <br />prier to their maturity be tras-s~'ed to the ~'~td to he <br />agplad is the pagaeat of the prucil and interest am said-sots or m©tea <br />iu th® aaaner provided by law. <br />3ectios $. gaid eta car cotes shall be the full, gemeral ob- <br />ligatioas of the village ®f g®rth ~].~tsted sad the i'1~1a fsit~-, credit at~d <br />rsresxe of said Village are hereby pledged far the prat i~'~ of the <br />ease. 'The par valge to be ree~seit~, fees tl~ sal® ®f beads a~xticipatl~ b9 <br />said .Hate or n®tes sad sway t~ fwd reeultag fret the isca of <br />said note or sates 1, to the e~cteat see~asary, bs need omly t~rr the <br />retisemeat of said aot® ®r sate: at maturity, together with imter~rt <br />thereon, sad is hereby pl far such parpess. <br />Sectima 9. Ia the event that each a srssssts ss~e not levied <br />or beads arc not irsaed . to pr®vde a fuu+d far the~a ~t of sate <br />or meter at tarity_, a $e}se~ral taz ~sll be le~rS.ed against all of #~ <br />psrty of said Village far the paym~t of said note ~r Hate sad the <br />~trest thereon.. <br />Sectio~a 14. The Village Clerk is~hereby directed t+a forward a <br />certified copy of this ~3rdiaamce to td~e County iudit0r. <br />Section 11. '~h.s erdsaace is hereby dsclar~i t® be as eser- <br />gedey measure, the erg+sney being.. that it is as~atssr far the mediate <br />preser~rativn of psblic health, p+~aCe, safet sad uel.fare, sand the daily <br />operati®n 0f th r~iei d~rtiasats of the vi7.lag+e, sad thia~ Ordiass <br />be passed at ®nce sad 1 take effect and be ix f®rce i~r~a sad sitar <br />its pasaag+e. <br />Passed: September l~, 1951. <br />lttest~ <br /> <br />p.. ~ <br />/~ <br />~ Q <br />1J <br />~' p'Y~ <br />~~ <br />
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