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0905 Ordinance
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0905 Ordinance
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Last modified
2/10/2014 10:54:56 AM
Creation date
2/4/2014 9:05:47 AM
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North Olmsted Legislation
Legislation Number
0905
Legislation Date
8/21/1951
Year
1951
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i <br />ORDIPSANCE N0. ~ ~o v _. <br />BY: f~L ~u.~-t.~.., ATE! ORDI~AtuCE TO PROV3DE FOR THE <br />ISSUANCE OF .BONDS IN ANTICIPATION <br />OF THE COLLECTION OF SPECIAL <br />ASSESST~ET~TTS FOR THE IMPRUVEt~IENT <br />OF DUVW~. CE1liTER ROAD, FROM LCREIIN <br />ROAD TG THE NQRTH LI'~E OF THE <br />PROPERTY OF THE SUBURBAN LAND <br />GORPORt1~.CIUN BY CONSTRUCTION OF <br />A UTATER l~TAIN. <br />BE IT ORDAITvED BY 2'HE COUNCIL OF `1'HE VILLAGE OF iVORTH OLNTSTED, <br />STA`T'E 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 Dover Center Road, From Lorain Road to the North Line of <br />the Property of the Suburban Land Corporation by Construction of <br />a Water Main, in accordance with Ordinance No. $05, passed on the <br />21st day of l~Tarch, 1950, bonds of the Village of North Olmsted, <br />Ohio, shall be issued to the amount of ~34,g6o.00 to pay a note <br />previously issued`and is now due and payable. <br />Section 2. Sa,~l bonds shall be signed by the i+~ayor and Clerk, <br />bear date of October 1, 1951, and shall be numbered and be due <br />and payable as follows: <br />Date of T~Taturity NUT+++IBERS Amount <br />October 1, 1953 1-4 Inclusive X3,960.00 <br />October 1, 1954 5-$ 'f 4 000.00 <br />October 1, 1955 9-12 " 4,000.00 <br />October 1, 1956 13-16 TM 4 000.00 <br />October 1, 1957 17-20 " 4 000.00 <br />October 1, 195$ 21-23 tt 3 000.00 <br />October 1, 1959 24-26 f' 3,000.00 <br />October 1, 1960 27-29 i1 3,000.00 <br />October 1, 1961 30_32 rt 3,000.00 <br />October 1, 1962 33-35 TM 3,000.00 <br />Tt is hereby determined that the above maturities are in sub- <br />stantially equal annual installments. <br />~~ <br />i S <br />3~ <br />~`~ <br />__ ~_ ~ r~~ <br />., .. <br />
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