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<br />01M�t(.i. OIL), Ito ht;rety certify t ,at there ij i,o
<br />c;u; I municipality, Ina that lub'.icaticri of
<br />r.;
<br />,n7 r C i (1J3 y Mad�l- by P")5ting true coi. i,,3 tj,oi -:ul {,•r ;�
<br />1";'' �,i 1 , ::�� h �;nF,iu� un the Z day at. i�%-ordina.nce No. -Iq q
<br />fit: -�:; t ..st },uu C piaces in Pairs c6;porat;:;n Uzi dets+•:",�': 1
<br />of uaid Viliage in Ordi,iance No. ill t,"Jft� s 1A
<br />....�i y Ordinance
<br />To issue bonds in anticipation of the collection of the Special Assessment
<br />for the improvement of Sunma-rIand Avenue from Clague Road to tha easterly
<br />limits of the Village of North Olmsted by laying sidewalk on both sides thereof
<br />and repealing Ordinance No. 281 passed June 4, 1929,
<br />WHEREAS) the Council of the Village of---'-' North 0 ., tejl Ohio, has here-
<br />tofore by resolution` duly adopted on the 22 day of �•pril 5 19 27,
<br />declared the necessity to improve Suraaerland gveuue from Clague toad to the early
<br />limits of the Village in the Village of North Olmsted by Gradillo.
<br />drx nain and constructing alon and u on both sides of Summetlana Avenue a sawed
<br />one g idow lk of the width of 4 ft and thickness of 2 1/2 inches or concratp 4
<br />in accordance with the plans and ' specifications _ therefor, and of levying a incl19s
<br />special assessment upon the property abutting on said road to pay for said . tlizck
<br />improvement, all in strict conformity to lsw,,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 />WHEREAS, 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 as',
<br />ten - years, and,
<br />WHEREAS, 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 fol oowi g the inclusion of a tax
<br />for this issue in the annual budget of.,the County Auditor,: as provided by
<br />law will be obtained not earlier ' than the first days of��_ Sepptember 19 31
<br />and will require $_ 114„09 for interest until such axes are cal --
<br />lected and available, -
<br />NOW THEREFORE, be it ordained by the Council of the Village of North Oars ted
<br />State of Ohio, two - thirds of the members 'elected- thereto being present an
<br />concurring:
<br />Section I.' That for the purpose of raising money'in anticipation of the
<br />levy and collection of Special Assessment for the improving of uummerland Avenue
<br />.fro ,, C lamzr Road 4o theme etly limits of the Village
<br />in the Village of 11orth Olim ted by Grading, draining, and oons L-ructing
<br />slorr 4nd uron bo ►;h sides thereof*
<br />bonds of said Village' shall be issued
<br />in the amount of Two Thaugand Oen Hu Bred Eighty Eight Dollars and 19 /100
<br />( 21t38,10
<br />of which TNo Thousand and SeyenL-y Four
<br />A ra d 40 1.00 Dollars 2074.40
<br />is the estimated cost of, said improvement according to report of Engineer and
<br />+� jug<lred &ourtoen`Dollats and 9 /100 ( 114.09)
<br />is the interest'for one year thereon.
<br />Section 2. Said bonds shall be designated as the "Su.Mjaerlrrnd ,Avenue
<br />Solevralk Innrovornent onOs boshall be of the denomina-
<br />tion of 5C0.00 .each except the.first nd which shall be $ 188'.49
<br />shall be dated October 1 19 29; shall draw interest at the rate of
<br />per centum
<br />p per annum payable -semi-annually on the first days of April and
<br />Oetober.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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