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<br />'' i t it 280
<br />,;.� ct:.f c:, -;�o ion o3 Iict4�r °rtlnkj•i Ordinance P1o•_
<br />tha:jv,j Jij"3t t : ;': ) 1,uarl,nl Feb.
<br />the Council cr euld Vi..Eis� iii 0:'u�.,uuca No. 111 Mr. Christman
<br />t�922. _...An Or_dinanaf 5--- - -' ` -sie��
<br />u _.... er o tlz Village of North Ulm
<br />* * 4e 4 : * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
<br />To iss•xe bonds in anticipa .ion of the collection of the Special Assessment
<br />for the improvement of Macbeth Avenue from Clague Road to the easterly limits
<br />of the Village by grading, draining and constructing along both sides of said
<br />street, a sawed sandstone or concrete sidewalk.
<br />i WHEREAS,` the Council of the Village of North Oltroted Ohio, has here-
<br />tofore by resolution duly adopted on the 5 day of Aril 19 27 ,
<br />ti! declared the necessity to improve Macbeth Avenue from C ague Road o t
<br />easterly limits of the Village in the Village of north Olmsted by grading
<br />draining and constructing along and upon both sides7ereU a sawe-a sandstone
<br />or concrete sidewalk
<br />t ,
<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 />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 1929 , and the final tax
<br />settlement with the County Treasurer next To-1lowing 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 September 19 30
<br />and will require 70.33 for interest until such axes are col -
<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 and
<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 Macbeth Avenue
<br />frail Clague Road to the easterly limits of the Village
<br />in the Village of .North Olmsted by grading,, draining and constructing
<br />along and upon both sides of.Maebeth Avenue a sawed sandstone or concrete
<br />sidewwalk , bonds of, said Village shall'be issued
<br />in he amount o One Thousand ee undred forty -nine and 061100 Dollars
<br />($1,349.06), of which One thousand seventy -eight
<br />and 73/100 Dollars ($1278.73)
<br />is the estimated cost of said improvement according to report of Engineer and
<br />Seventy and 33%100 Dollars ($70.33)
<br />is the interest for one year thereon.
<br />Section 2. Said bonds shall be designated as the "Macbeth Avenue
<br />Sidewalk Improvement Bonds" ; shall be of the denom:Lna-
<br />tion of $ 250.00 , each except the first bond which shall be $ 349.06 ;
<br />shall be dated- April' 1, 1929 ; 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 intarest'coupons to
<br />be attached to said bonds bearing the facsimile s.ignatuae of the Clerk and
<br />shill be due and payable as follows: -
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