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U October 1 19'30..,► «
<br />�qy y��,+,y, +y., a ��3�.0,4;� � Qrsto+'�ooa� 101q"��+�i.r�g� r,. :,► � +►+►�7� «t?4 .
<br />6� i/s.�tob 1 V0 1 I 0,02000000
<br />M Caton sar .i.iY t w M . •i ,0�
<br />S, stobor 1, .1931 ► r► , ., *1000* 0 8,1 tabor 1, 19.23 • , , 760 «00
<br />• . Oatobor 1, 1931 750 *00 Sr Ootobor :1, ; I9Z4 ,o .4.3000600
<br />October Is 1952o. .''0 « ' � 0O0,00 ; 10+ , tw'�o�" 1� l��l , «: « "� � 7' �.00
<br />which maturities are hereby determined to be in substantially equal annual
<br />installments.
<br />Section 3. Said bonds to be prepared by the Village Solicitor, signed 6.
<br />by the Mayor and Village Clerk,, sealed with the Village Seal;''shall express
<br />upon their fade the purpose for which they are. issued and the fact that
<br />they are issued pursuant to law and this ordinance; shall be payable., both
<br />principal and interest, at the office of the
<br />and shall bear, such consecutive num-
<br />bers as said committee or the proper officers of the Village may determine. t
<br />1
<br />Said bonds shall be first offered at par and actrued interest to the
<br />Trustees of the Sinking Fund of the Village in their official capacity, and
<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 sale and sold in the manner S
<br />provided by law under the direction of the Finance Committee and -the Clerk,' '
<br />but not for their a value advertisement less
<br />that r any one to do may presents'a
<br />Y g ,, Y p ,
<br />bid or bids for such bonds based upon their bearing,a different rate of
<br />interest than hereinbefore fixed, provided, however, that where' a fractional
<br />interest rate is bid, such fraction shall be one - quarter of one per cent,. {
<br />i or multiples thereof.
<br />Section 4. That upon sale of said bonds said °one yearts .interest, 'any
<br />premiums and the accrued interest realizedtherefrom, shall be paid to the
<br />Sinking Fund Trustees. The par value realized from the sale of said bonds,
<br />shall be placed in the Village Treasury, to the credit of the
<br />�'Osao* Roud SlaZ51ur, Ix.Qprove:4ii:w l'=d and shall be dis-
<br />bursed ,frAm i and on proper vouchers,, in payment of notes' issued pur-
<br />suant to Y3 n'N04 2i7 A passed AIJ;Ust 2# 1927 in anticipation of i!
<br />the issuance of the bonds herein referred, to the proceeds of the sale of
<br />which notes was appropriated and actually used for payment of the expense
<br />of the improvement aforesaid, for which purpose said money to be realized i
<br />from the sale of bonds issued pursuant to,this ordinance is hereby appro-
<br />priated.
<br />Section 6. In the event any of the owners of any of said property so
<br />especially assessed shall pay their total assessments in cash within thirty
<br />(SO) days of the date of the final passage of the ordinance levying,such
<br />special assessments, the aggregate amount of bonds to be ;issued shall be
<br />reduced by deducting the amount so paid.in cash from the total amount of the
<br />bonds to be issued, and the bonds herein provided for first maturing shall`
<br />be correspondingly reduced by the-omission of so many thereof: as shall
<br />equal the amount of assessment so paid,,or by changing the "denomination of
<br />one`of.said bonds, or both, as the case may be, and the amount to be credit-
<br />ed,to the foregoing fund from the sale of said bonds shall be likewise re-
<br />duced by the amount of the assessment'so paid :in cash for such improvements.
<br />Section 6. That all installments of said assessment and all portions
<br />thereof, together with interest thereon, shall be applied to the,payment'of
<br />said bonds and interest as the same shall become due and to no other pur..
<br />pose whatsoever.
<br />rt
<br />Section 7. That the faith, revenue and credit of the Village of N'h 1rated
<br />are hereby pledged for the prompt payment of both principal and interest
<br />of the bonds hereinbefore described in accordance with the laws and "con-
<br />stitution of the State of Ohio.
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