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0903 Ordinance
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0903 Ordinance
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Last modified
2/10/2014 10:54:56 AM
Creation date
2/4/2014 9:05:48 AM
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North Olmsted Legislation
Legislation Number
0903
Legislation Date
8/21/1951
Year
1951
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UKlillvi=ilvC~ 1~C; . A O c3 <br />BY: ~ Aiv OitDlIVA1VCE `TC~ PROVIDE 1i'Ci~..`1'HE <br />ISSUAtuCE OF BOLDS II~T ANr1:'ICIrAT- <br />TON O~i T H~ COLLEC `i'101v Off' SP:~C IAI <br />!~iSSL' S.`.zi~l~,l~~1~S r'OH ~l'H.~ TNIPRU~Li4l~~i'1' <br />Ur A~DRUS AVENUE, l~ RC~i THE <br />:~OULEVARll (NORTHERLYLvD Or, <br />AIuDRU5 AVE1vUE ) TO riE11TNEt7Y R1DG <br />ROAD, BY GRADIi~TG, D~AI1~I~G AT~tD <br />SLAGGING S~~E. <br />BE Ir1' ORDAI~~LD by TH:~ COUNCIL Or' `fHE 1T~~-LLAGE OF tv0:~`.t'rl OLT'u~S`1'E:C, <br />S`i'A`i':C Or' OHIO: <br />Section 1. What for the purpose of raising money iri antici- <br />pation of the collection of special assessments for the improvement <br />of Andrus Avenue, from the Boulevard (northerly end of Andrus <br />Avenue) to tennedy midge xoad, by grading, draining and slagging <br />same, in accordance with Ordinance r~o. X00, passed on the 7th day <br />of iJiarch, 1950, bonds of the village of North Olmsted, Ohio, shell <br />be issued to the amount of X10,750.00 to pay a note previously <br />issued and is now due and payable. <br />Section 2. Said bonds shall be signed by the l~'Iayor and Clerk, <br />bear date of .Octo.ber 1, 1951, and shall be numbered and be due and <br />payable as follows: <br />Date of ~~Iaturity luos. Amount <br />October 1, 1953 1-2 X2,000.00 <br />October 1, 1954 3-4 j~2,000.00 <br />October 1, 1955 5-6-7 y~2,750.00 <br />October 1, 1956 $-9 x}2,000.00 <br />October 1, 1957 10-11 ~~2,000.00 <br />It is hereby determined that the above maturities are in <br />substantially equal annual installments. <br />Said bonds shall be of the denomination of ~~1,000.00 each, <br />except Bond ~o. 5 which shall be in the denomination of X750.00; <br />shall bear interest at the rate of three per centum per annum, <br />payable semi-annually on the first days of April and October of <br />each year and for which the proper interest coupons bearing a <br />facsimile of the signature of the Clerk shall be attached to and <br />made a part of said bonds; provided, however, that if said bonds. <br />
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