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<br />1. October: 1. 1931; ...........:.."°<,
<br />tr a86.03 6. October .1; 1933 ...... .......; 1000.00
<br />2., October 1,:193:1 ...... :i000.00 7.,October .i, 193 ... ..... 1000.00
<br />3. October 1,_1932 .` .............1000:00 S. October 1, 193x ..._..........1QQO.QO
<br />g . October , 1932 ..1000.00 9. October 1, 1.x35..... , .......1000.00
<br />5. Octobor,1, 1 933 .......1000.00: 10.. °October.1 .1935 :.. ':.:.' 1000.00
<br />which maturities are hereby dotermined to bg
<br />installments. in slzbstantially equal annual
<br />Section 3. Said bonds to be prepared bar e
<br />g `the Ville. Solicito. , :si;ned
<br />by the Mayor and Village Clerk, sealed with the.Villame Seal; shall express
<br />upon their face the purpose for'whieh they`are issued and the fact that
<br />they, are issued pursuant to, I= and this 'ordinaace; shall be payable,' both
<br />principal and interest ,aytth,eel o[- "fir�ce -. of tics �
<br />and shall boar such consecutive num
<br />bens as said committee cr the pro'per Office
<br />rs, '0 the Village-may determine.'
<br />Said bonds shall be first offored.at ar and acorns
<br />Trustees of the, Sinking Fund. of the Village in their official ecapacity, the
<br />if said trustees refuse to take any or all of said bonds, then said bonds
<br />not so taken shall be advertised for public ,ale and sold in the manner
<br />provided by lavr under the direction of the F.:r..aare Committee and .the Clerk,
<br />but nct_for. less than their par value and accrued` interest; the bond sale
<br />advertisement shall state that any ene desiring ta�do so, %may present ,a
<br />bid or bids for such bonds' based upon their bearing; -a different rat-6 „of
<br />interest than hereinbefare fixed, provided, however, that whereafractional
<br />interest rate is bid,`such'fraction shall"be one- quarter of one per cent,
<br />or multiples thereof.
<br />Section 4. That upon sale of said bonds.sa3d one year's interest, any
<br />premiums and the accrued intei•eaL rvalized there_ °r'' shall be
<br />�, paid to the
<br />Sinking' F'und.Truste3s ' Lie par-_7a 11:e realiZed`j.1O1 c'ie' ;ale Of said bonds,
<br />shall be p ?_aced in ;;be Vil l-age Treasury, to the crac�i% of t'ne "Grace �o�d
<br />Sla zin Im, rovement Fund” and ahall be disc
<br />e fr s z fund ";on proper t"ouche"s in a A
<br />• ; s►�, p p , p ynent of notes ssued pur-
<br />3uant ` to 2S 1 passed August 2
<br />19 27 in a.•ztic:.pa-6ion of
<br />the issuance of tha bonds herein referred, ;3r Beds of 't'-e Salo of
<br />which notes was appropriated and actually used for payment-of
<br />t .e expense
<br />Of the improvement aforesaid, , for whi -1h ,purpose tad money to b;, realized
<br />.from the sale of bonds issued pursu not -to this of a.�az.l�zse is her % a
<br />priated. cj Y pPro-
<br />Section 5. In ,.,:.event any of tre owners of any of said property so.,.
<br />especially, assessed shall pFLy t'lei.: total ca.,,;e,s,,ments
<br />In cash wi-Itrin' thirty
<br />(30) days of tho date of the final passage of t1 s a� dinance le�rfinU such'
<br />special assessments, the aggregate amount of bonds •ta ba issued s}-4all be
<br />reduced by deducting; the amount so paid in
<br />.. ,h from the total emc+unt of the
<br />bonds to be issued, and the bonds her PIo-,ridcd fo.• fi'-st maturing shall
<br />be correspondingly reduced by the Omission o:L so ma.r..y thereof .as shall.
<br />: '' equal the amount of as;:�esament r,o ail, or by �,Ilang ng the dencminat ion of
<br />sue of said bonds, or 'ooth, as the-
<br />case may be and th.e amount to Le credit-
<br />ed to` the foregoing fund arom the sale of said bonds shall be likewise r�-
<br />duced by the amount of the assesrment so paid,in'cash for such improvements.
<br />Section '6. That all installments of said assessment and all portions
<br />thereof, together wl.th interest thareon, shall; be applied to the payment of
<br />sc.irl bonds and irate, es ; as the same shell become due azid to no (ther, pu7 ._
<br />nore,wh«tITosver.
<br />t Soction 7. That 151-.3 4'aith, re-, and credo'. ' t
<br />I c� tae 'Tillroe c i orth oil, ted
<br />3,e, rereby pledged 'or the proma•k. pc,ynunt oy boch , r 3:icipal and i:•.tsz•,�s t
<br />•,t r.'.e }Unc'.s h.ereinref:)re de.crib6a �.a c.•3cc;.•r��:.:�c.E sr..c;i ai Ia.rs a?Id c;,n-
<br />ti utitn of the State of C?hia.
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