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<br />An Ordinance
<br />Providing for the issuance of notes by the Village of North Olmsted in_antici-
<br />pation of the issuance of bonds for the purpose of construction of a Fire House
<br />E and purchasing Fire Apparatus, and declaring the necessity of the issuance of
<br />1 bonds.for such purposes and amending Ordinance No. 270 passed February 4, 1929
<br />and repealing Ordinance No. 261 passed October 2, 1928.
<br />WHEREAS, this council has requested the Village Clerk to issue his certi-
<br />ficate as to the estimated life of the improvement to be constructed from the
<br />proceeds of the bonds hereinafter referred to and of the notes to be. issued in
<br />anticipation of said bonds and the Village Clerk has certified to this Council
<br />such estimated life as exceeding five years and has further certified the maxi-
<br />mum maturity of such bonds as thirteen years and two months and such notes as
<br />two years, and,
<br />WHEREAS, this council contemplates the use of Sixteen Thousand Dollars of
<br />said sum for the purpose of.constructing a non - fireproof building for a Fire
<br />House, and Twelve Thousand Five Hundred Dollaro for the purchase of Fire Appara-
<br />tus, and will require One Thousand Seven Hundred Ten Dollars to care for in-
<br />terest maturing previous to the receipt of the taxes from which such interest
<br />is to be ultimately paid, either upon such bonds, or the notes to be issued in
<br />anticipation thereof, making a total aggregate amount of Thirty Thousand Two
<br />Hundred Ten Dollars ( ?„30,210.00)...
<br />NOW THEREFORE, be it ordained by the Council of the Village of North
<br />Olmsted'County of Cuyahoga and State of Ohio:
<br />Section 1. That it is deemed necessary to issue the bonds of the Village
<br />of North Olmsted in the principal sum of Thirty Thousand Two Hundred Ten Dol-
<br />lars ('30,210.00) in order to provide .a fund for- the purpose of constructing
<br />a Fire House and for purchasing Fire Apparatus for.the safety and protection
<br />of the inhabitants thereof.
<br />Section 2. That said bonds of the Village of North Olmsted shall be
<br />issued in said principal sum of $30,210.00 . for the purpose aforesaid. Said
<br />bonds shall be of the denominations -of $500.00 and x$'1000.00 and shall be dated
<br />April 1, 1929; shall bear interest at the rate of 5 -1/2% per annum, payable
<br />semi- annually on the first day of April and the first day of October of each
<br />year until the principal sum is paid and shall mature in their consecutive
<br />serial order as folly ^rs; -
<br />1. April 1,, 1930 . . . . 710.00
<br />2. April 1, 1930 . . . . 1000.00
<br />3. October 1, 1930 . a 500.00.
<br />4. October 1, 1930 . 1000.00
<br />5. April 1, 1931. .,. 500.00
<br />6. April 1, 1931. 1000.00
<br />7. October 1, 1931 500.00
<br />8. October 1, 1931 1000.00
<br />9. April 1, 1932 . . .. 500.00
<br />10. April 1, 1932 1000.00
<br />11. October 1, 1932 . . . 500.00
<br />12. October 1, 1932 . . 1000.00
<br />13. April 1, 1933 . . 500.00
<br />14.. April 1, 1933 . . . . .`. 1000.00-
<br />15. October 1, 1933 . . . 500.00'
<br />16. October 1, 1933 . . 1000.00
<br />17. April 1, 1934 . 500.00
<br />18. April 1, 1934 . . . . . . 1000.00
<br />19. October 1, 1934 500.00
<br />20. October 1, 1934 . . 1000.00
<br />21. 'April 1, 1935 500.00
<br />22.. April 1, 1935. 1000.00
<br />23. October 1, 1935: 500.00
<br />24. October 1, 1935. .` 1000.00
<br />25. April 1, 1936 500.00
<br />26. April 1, 1936 . 1000.00
<br />27. October 1, 1936. 500.00
<br />28. October 1, 1936 . . 1000.00
<br />29. April 1,' ,1937 . . 500000
<br />30. April 1, 1937 0 0 1000.00
<br />31 October 1, 1937 . 500.00
<br />32. October 1, 1937 . . 1000.00 i
<br />33. April 1, 1938 500.00
<br />34. April 1, 1938 o . . . . 1000.00
<br />35. October 1, 1938 . .. . 500.00
<br />36. October 1, 1938 . . ,1000.00
<br />37. April 1, 1939 500.00
<br />38. April 1, 1939. . 1000,00
<br />39. October 1, 1939 .. 500,00
<br />40., October 1, 1939 . . . 1000.00
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