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J. F, I'I. i 1ri"Fr??oat. t a+r?S f� �lrx rllm rnil mf Vi'; V,11a7n e} /7 y
<br />north (1'rn.. {•; r) + };.c n }: .,,� c.:vt4,;�r t,kt tL.;:e i3 t,u n'vV r}:;t!`,'3C ; 4 �,.��'
<br />_g
<br />'Uil.0 i,, s � i'
<br />� ,wiity, and that publication of the oCego-
<br />n hrdinaneg vi ^i duty made by posting true co ie:3 ttcereof fur a
<br />s beginni,t6; on tho 17 gay of - _ - l_Q.?_f 2g
<br />t 0Qt tic lnc „n i i Fa i co:oo ion a3 deterininArd inane e No, 281
<br />,., pab p
<br />u� the Co,inc.. of said Viitaw is urd'utance No 111 Feb.
<br />:11,1922. Mr.. Bidwell
<br />date._.._...._ <_..�.n Or
<br />�,� �, v�ae Vi11agG at NQrtiz 4trn�ted, Ct1�I;�
<br />To issue bonds in anticipation of the collection,of the Special Assessment
<br />for the improvement of .Summerland Avenue from Clague Road to the easterly
<br />limits of the Village of North Olmsted by laying sidewalk on both sides
<br />thereof.
<br />WHEREAS, the Council of the Village of North Olmsted, Ohio, has here -
<br />tofore by resolution' duly adopted on the 5 day `of April '19 27
<br />declared the necessity to improve Swmaerr a=livenue rom ague oa to`tTle
<br />e53terly limits of the Village in the Village of North Olmsted by grading,
<br />draining and constructing along and upon both sides of Sunmerland Avenue a sawed
<br />sandstone sidewalk of the width of 4 ft and thiclmess of 2-1/2 inches or concrete 4
<br />'inches
<br />I' in accordance with the plans and specifications therefor, and of levying a _ thick
<br />special assessment upon the property abutting on:said road to pay for said
<br />improvement, all in strict conformity to law, and,
<br />'(AREAS, the notes, issued in anticipation of the issuance of the bonds
<br />hereinafter referred to, are about to fall due, and,
<br />I+ WEEMS, 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 _tent
<br />years and has further certified the maximum maturity of such bonds as
<br />tell years and
<br />MEREAS, this Council estimates that a tax for said bonds will first
<br />appear upon the duplicate for the tax year 1929 and the final tax
<br />,
<br />settlement with the County Treasurer next x'10 owing 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 Septebmer 19 30
<br />and will require 110.85 for interest until such taxes areccol-
<br />?-
<br />lected and available,
<br />NOW THEREFORE, be it ordained by the Council of the Village of North Olmsted
<br />State of Ohio, two- thirds of the members elected.thereto being present t anti”
<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 Stu merla.nd
<br />Avenue from Cla.gue Road tot he easterly limits of the Village
<br />in the Village of North Olmsted y; grading, draining and constructing side -
<br />v:alk along and upon both sides thereof
<br />bonds of said Villagge hall be issued
<br />in the amount o Two Thous One ut rod twenty..dight and 1900 Dollars
<br />{2128.19} of .which Two Thousand Seventeen
<br />hy�r
<br />and-24/100 Dollars ($201%24)
<br />is the estimated cost of said improvement according to report of Engineer and
<br />One Hundred Ten and 95100 Dollars ($110.95)
<br />is the interest for one year thereon.
<br />Section 2.' Said bonds shall be designated as the "Suramerland Avenue
<br />Sidewalk Improvement Bonds" shall be of the denom:Lna-
<br />tion of $ 500.0o each except the first bond-which shall be $ 128.19 ;
<br />shall be dated April l,' 19 29 ; shall draw interest at the rate of
<br />per centum per annum payable semi - annually on the first days of April ands
<br />'
<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 Clark and
<br />shall be due and payable as follows : - ai
<br />
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