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<br />1 F i X0,.1 of lu t' i l _ i i' Z7 j t ;t 1pOrdnanee No. 300
<br />,+L fIvo ki1G,.t j ,'1 1 ..:., 1 i 1 E }. { �`- �0r;&",n J:l
<br />E166 s;w (;Vutxil ul :,LA:d Vl,lt;'t Li ul'util ,44!!Q ti o. 111 Stine.
<br />Iare._`�f- �AYr•09Y dinan e ....................
<br />C jerk of tt;e u ally , 1I t ril tu t
<br />To issue bonds in anticipation of the collection of the Special Assessment
<br />for the improvement of Liacbeth avenue from Claus Road to the easterly lindts
<br />of the Village by gradin , draining tnd constructing along both sides of said
<br />s .red �an4 k, ne or concrete sidc;ualk, tnd repeali' g Ordinance 1d .
<br />w � e' *uVe# `i�r * * * * # # * * * # # # * # * # # # * * * * * #
<br />WHEREAS, the Council of the Village of 11 rth 07rsted , Ohio, has here -
<br />tofore'by resolution duly adopted on the 5 day of p 1 1927 ,
<br />.+ declared the necessity to improve Macbeth Avenue from Cla ue Road to the
<br />y easterly limits of the Village in the Village of ;;orth Olmsted by rrevl. incr,
<br />drain rf+ and cinstrun-tijlfr aloner nr.1 "I-,on 'bn�L riaR,s .!11=. {' ., Q's -niA
<br />in accordance with the plans and specifications therefor, and of levying a
<br />special assessment upon the property abutting on said road to pay for,said
<br />improvement, all in strict conformity to law, and,
<br />WHEREAS, the notes, issued in anticipation of the issuance of the bonds
<br />hereinafter referred to, are about to fall due, and,
<br />WHERSAS, this Council has requested the Village Clerk to issue his,cer
<br />tificate as to the estimated life of said improvement proposed to be con-
<br />structed from the proceeds from the bonds hereinafter,referred to and the
<br />Village Clerk has certified to this Council such estimated life as ten
<br />years and has further certified the maximum maturity of such bonds a� s��
<br />ten years, and,
<br />Wf�REAS, this Council estimates that: a tax for said bonds will first
<br />appear upon the duplicate for the tax year 1930 , and the final tax
<br />settlement with the County Treasurer next To-Ilowing the inclusion of a tax
<br />for this issue in the annual budget of the County Auditory as provided by
<br />law will be obtained not earlier than the first days of Sen'tenber 19 S1
<br />and will require $ 78.03 for interest until such taxes are col-
<br />lected and available,
<br />NOW TFEREFORE,` be it ordained by the Council' of the Village of North 01=ted
<br />State of Ohio,'ttiro- thirds of the members. elected thereto being present an
<br />concurring:-
<br />Section 1. That for the purpose of raising money in anticipation of the
<br />levy and collection of Special Assessment'for the improving of Yacboth Avenuo
<br />from C1ague Reed to theenstarly llmi. +Qs of -�hA Vi l In ,e
<br />in the Village of 1;ortl-i Olmsted , by grading draingrnd cons true' inn ^ 1>ann
<br />and unon both sides of I,TaCbe'; h r 4 t n� or r r± :. <. • a, ...n l 1.
<br />bonds of said.Village shall be issued
<br />in the amount o One Tj.ou:sand Four hundred Ninety -Six and 707100 Dollars'
<br />( :" l4 96.70) of which One Thousand Four ' liunrcd
<br />'' xs=v -. �•;�
<br />^n O MG
<br />7 f X40 n ll�rs 1418,8?
<br />is the estimated cost of said improvement according to report of Engineer and
<br />Sevonty Eight and "03/100 Dollars ( ?3.03)
<br />is the interest for one year thereon.
<br />Section 2. Said bonds' shall be designated as the "Lacbeth 1%venue'
<br />s " ; shall be of the'denomiLna-
<br />Lion of ;:;oo.o0 each except the first bond which shall be '$496.70
<br />shall' be dated Octo'ber's` " 19 2� shall draw interest at the 'rate of�5 1/2_
<br />per eentum per annum payable "semi - annually on the first days of "April and.
<br />October in each year, until presentation-and surrender of 'interest coupons to'
<br />be attached to said bonds bearing the facsimile signature of the Clerk and
<br />shall be due and payable as follows:-
<br />
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