Laserfiche WebLink
MOM <br />r <br />ORDINANCE NO. 865 <br />o11� <br />i BY: AN ORDINANCE TO PROVIDE FOR THE <br />ISSUANCE OFEDNDS IN ANTICIPATION <br />OF THE COLLECTION-OF .SPECIAL <br />ASSESSMENTS OR THEF M ROVEMENT <br />OF LUCYDALE <br />ROAD TO THE SOUTH LINE OF SUBLOT <br />N0. 39, BY GRADING, DRAINING AND <br />SLFGGING SAIE. <br />BE IT ORDAINED BY THE COUNCIL OF THE VILLAGE OF NORTH OLMSTED, <br />ST ATE OF OHIO <br />Section 1. That for the purpose of raising money in <br />anticipation of the collection of special assessments for the <br />improvement of Lucydale Avenue from Lorain Road to the south line <br />of Sublot No. 39, by grading, draining and slagging same, in <br />accordance with Ordinance No.760, passed.on the '1st day of February, <br />1949, bonds of the Village of North Olmsted, Ohio, shall be issued <br />to the amount of $5,600.00 to pay amte previously issued and is now <br />due and payable. <br />j Section 2. Said bonds shall be signed by the Mayor and <br />' Clerk, bear date of February 11 1951) and shall be numbered and be <br />due and payable as follows: <br />Date of Pia_ t rite �s Amount <br />• October 1, 1952 1. $1000.00 <br />October 1, 1953 2 $1000.00 <br />{ 3 $1000.00 <br />October 1, 1954 <br />October 11 1955 4, 41000.00 <br />October 12 1956 5 01600.00 <br />It is hereby determined that the above maturities are in <br />substantially equal_: annual installments. <br />Said bonds shall be of the denomination of $1000.00 each, <br />s except Bond No. 5 which shall be in the denomination of 01600.00; <br />shall bear interest at the rate of three per centum per.annum, <br />} payable semi- annually on the first days-'Of April and.October of <br />each year and for which the proper interest coupons bearing a <br />facsimile of the signature of the Clerk shall be attached to and <br />y aidtbnds• provided, however, that if said bonds <br />made a part of s � <br />