01-02-1940 to 11-01-1949 Resolution 1055 to 1586

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Resolution No. By Mr. A RESOLUTION DECLARING THE AMOUNT OF TAXES THAT MAY BE RAISED BY LEVY AT THE MAXIMUM RATE AUTHORIZED BY LAW WITHOUT A VOTE OF THE ELECTORS TO BE INSUFFICIENT AND DECLARING THE NECESSITY OF A LEVY IN EXCESS OF SUCH RATE. BE IT RESOLVED by the Council of the Village of North Olmsted, State of Ohio, two - thirds of all members elected thereto concurring: Section 1. That the amount of taxes that may be raised by the levy of taxes at the maximum rate authorized by Section 5625 -2 of the General Code.on the taxable property in the Village of North Olmsted will be insufficient to provide adequate amount for the'necessary requirements of said Village and that it is necessary for the purpose of providing addi- tional funds for current expenses of the Village of North Olmsted that taxes be levied on the taxable property in said Village for the period of three years at a rate in excess of such maximum rate authorized by Section 5625 -2 of the General Code. Section 2. That it is necessary to levy taxes for the years 1948, 1949 and 1950 at the rate for each year of three mills on each dollar of the tax valuation, which amounts to thirty cents (30�) for each one hundred dollars ($100.00) of valuation, of, the taxable property within the Village of North Olmsted in excess of the rate authorized by said Section 5625 -2 of the General Code. Section 3. That the Clerk be and he is hereby directed to certify a copy of this resolution to the Deputy State Supervisors and Inspectors of Elections of Cuyahoga County, Ohio, in order that said Supervisors and Inspectors of Elections may make the arrangements for the submission of such question to the electors of said Village of North Olmsted, as provided by law. Section 4. This resolution shall take effect and be in force from and after the earliest period allowed by law. Passed: August 17, 1948.