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sssoLVTIox uo. 2e66 <br />Dy Mr. Hizsoa <br />L B=SOfA?IOX DEMlQlfIA4 TO 3091RT TO M ZLEC?MB <br />0? TSE CI'1? OF 3f08TS OLl!$?SD, OHIO TER QDISYIOl1 0! <br />I88tTING B0NDS FOR M P'QRPOW Ot PA7INti ? PAlt! OF M <br />COST 0iP COltB'!'RUCTINO ? 8S11AG= i'1UTlMT PLIN'P AUD <br />$ANISLRT SNVNltB. <br />Ds IT BZWLRD by thu Coaaoil ot tbe Qit,y of lorth Olmsted, <br />Cuyaho6a Couaty, Ohio: <br />Sootioa l. ?hat !or the pnrpose oi pping a part of the oost <br />of aonatruoting a sewage tresleont plant aad saaitat7 •wers, it i• <br />neaessary to issue bonds o! •aid City ia an anouat •stimated as =19700,000, <br />•nd that it ie aecssassy to lery a tax ootside of the oonstitntioaal <br />ton dll tas liaitstioa to pay the iatereat on sod to retire said boada; <br />that the qosstioa of issuins said boada aad of levying suoh tas shall be <br />enbsi.ttsd to the electors of said City at the regnlar Zovqber olootion <br />to be hold on lovssber 39 1959; thu?t Counail •etiastea that the approsimsto <br />date of aaid bonde will be Jaauary l9 1960# tbs! •tid bonds wili be paid <br />ia forty annftl installmentr matnring ia nibstaatially equal anonats <br />during s period of forty yosrs s!!er tbe anthorisatioa theseol, aad <br />vill beu intsrest at a rat• aow estimatod at fonr aad one-balf per <br />centus per anaung pyrsble sosi-aaaually. <br />9eatioa ?. That th9 Clerk oi Coaaoil b• aad ho is hereby direoted <br />to aortity s oopy of thi• resolntion to the loditor o! Cnyahoaa Coqaty <br />for hie oaloalation of the averago auaual taz 2evy roqnired throushont tbe <br />lifo of th• bonds to pey tbe ialerest an aa4 to retiro ssiQ boade, usaaing <br />that Lhey ara all isoued in one eerie• aad tbat the aoount of the tas <br />list oi this Citq remaina the saae thrwshoat the liie of stid bonds. <br />Seotion 3. 'Phie resolution ahall D• in tosoe wd tate oiioot <br />irsdiately npon its adoption bT Consoil and &pproTal by the Yyor• <br />paa,ed:, Joa? 259 1959• <br />.,.. <br />lerk oi Coaaoil <br />APPBOYm DT TIM MlY08: <br />esi ent o! C il <br />/1, <br />?- <br />. ?' <br />, ? <br />v? <br />Y <br />lti <br />+ <br />?""? u r(+'`1 ?<<f <br />? <br />,.?? ?? ? r • ? <br />, ?. <br />/ •?'Y / <br />?.. <br />1 ? <br />r <br />V <br />r <br />C4 o <br /> <br />? 3"< <br />,. ? .- <br />L? ? n <br />I ' <br />? <br />, <br />u <br />1` <br />