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ORnINAxcE ~r0.._._.~.~.L BY: N1r. - ~~~~~it/ AN' E~DINAATCE Tcy PROVIDE FOR TH$ zssulxG . OF ~fiE)TE~3 Iii A~dTIOIPATIO~T _ OF THE LEVY' . OF S~'ECIAL ASSESS~TTS A~TD I~1-AR'TTCIPATI4~i QF Tom- KITING ~ EONS ICI ANTICIPATION' OR TxE c~cT~cvat OF dPIAL Ass~ssTs FOR. THE I~'~'l`F~'~ ~ ~QAU F$or~ 1+dIDV"ALE AV'E~E Tq SOItTHEEIN, A , BY CO~?STRUCTING THEREIN A WATER ~Al'~T. ~thereas, the Council of the City of North 0].msted has her®tofore, by prgpe~ legislat~.on, determined..that-the improveffient of Decker Road. from ~idval.e Avenue to Southern Avenue, by constructing thereia a water maid, is ~ecessary for the immediate preservation of the public health, peace, safety and welfare, and Whereas, this Council contemplates the use of $1$,100.00 for the purpose of paying the portion of said improvement, which is to be paid by assessments. ~tOW, THEREFQRE, HE IT ORDAINED BY THE CQUNCIL OF THE CITY OF 1~ORTx f~L,~ISTEI3, .STATE O~ OIiIO::. _ . ,. on . That it is hereby declared necessary to i8sue bonds of t~i~~ty~~~©rth Olmsted i~.3 the principal sty ®f ~tl~,1Q4.a0 for the purpose of raising money ih anticipation of tha collection of special assess tents for the improvement of seeker R®ad frc~ ~3.dvale Avenue to 3outhers Avenue, by constructing therein a water main, .' oa 2,,,,~ That said bonds shall be of the denomination of ~i,00 -sae ~ ! excepting that bond Rio. 1 shall be of the denomination of l,1O0.04, shall be dated March 1, 1957, and shall bear interest at the rate of not to exceed four (~.) per cast per sa~num, payable semi- annually on the first days of April amd October of each year ~til the principal sum is paid, and shall mature in ten annual installments after their issuance. c an That for the purpose of raising money in anticipation of theme-',~-~e~rp ~mf -special assess:sents sad in anticipation of the i~eauancee of boaads in anticipation of the collection of special asses~aents for the i.mproveffient of the above naffied street by constructing tberea~ as crater main in accords mce wf.th the legislation heretofore passed by the City Council with respect thereto to pay the property otmers~ share of the cost and expense of said respective i~aproQemeat, it is hereby declared necessary to issue and there shall be issued, sots or a®tes of the City of North Olmsted in the sum of ~l$ lOO.4O, which shall be placed to the credit of the Decker Road Water ~provement Fund Ito. 2 in the amount of l$,100.40.- e tion That such anticipatory note or motes in the amount... aforesaid-~~ be issued bearing interest at a rate not exceeding four per-cent (~.~) per annum, payable at the maturity of said cote or notes; said-,note or a©tes shall be dated as of the date said note or notes are sold, and shall mature on or before One year aft®r date; such note or notes shall be executed and delivered in such steer sad such denominations as may be requested by the purchaser of said note or notes. Section 5 Said note or notes shall be e$®cuted by the Mayor acid the City Audit,~r; shall bear the sell of the a©rporati®a; they shall be .payable at the office of the National City Raffik of Cleveland, North Olmsted office, in the City of North Olmsted, E3hifl; they shall express upon their face the pur~ase for which they are issued and that they are issued pursuant to this Ordiaaac®