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<br />CI'T'Y aF I~Oii~f-i :3i,A+~'L'
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<br />~iiU~t;E N0. ~ j»
<br />BY
<br />APT ORD~~NC.~ AUd~C)1Ri~.~'I~TG ~ I:S~C71~CE (~~` ~ P~c;iS~ IN
<br />ANTT~T~',A,T:La~I ~k" ' 'L1,~(~ d~ ~r UF' `~~: t~1+'X
<br />ANA t~T,~.,~C"~.'Zt}~ s:i~' S ~ IAI. E1S.~+~5 'I!'") P.~.1' `~~:~ ~t~.~i~E:kt".C`:'
<br />':' i~t)RTI~JI~ .A~~ `EKE CITX`;a i'Qkt,"I+JTt Qx' ~,.~ •:~C;`~T ~;~~~
<br />~i~ ~ I~3NZ ~ t;Cl~.ti+~:%A ~ Air t,i=~~'~. i~'
<br />~NI ~X ~'~7~3(~"CiNfi 5~.~ IN Ski ~`~'~, s~.IuL~
<br />DECIyAII~G AN ~~' .
<br />~1 Counci~~ '~a.s b~ due px~occedin~~t px~,v~- . ~?;; ~ ~;z: .~A,~
<br />sidewalk c~rr~t1'u~t;ar~ 7~~rei.n~fter dscri'~~d a.nc~ fc~r the. ~,e~r ~=.~' a.~ssf:~s~ti~;~
<br />to pqy .the cost ~here~f,, uucY. ec-nstruc°~.a.orr 'to ~~ i'iriarice~ say ~e ,~..t~t,t.6,
<br />of bands aid. of n~jtes iA axtt:icipe,tiorr tnereof~ exp.
<br />tom. 'R , tka~ f~.sos.3. nff~cer rsf t~t~ City has ~:er#,~~ ~.t~~t tta~ ;.~a~i:Q,;~
<br />maturity of such ~,ar~is L~r be five ye€r.rs, end of such. rrat~s ~v c~c= ~'..°~~ yct~..r°~:
<br />if so~.ci prublic3,y tsz~ orsr year 1#° sold. at private sale;
<br />, ~REa $~ 1'~ QRtaA.Tir7 by the Council of the City of 3c~b•t~~
<br />4lmsted~ State of Di7io
<br />u~ct~n 1, 'i~t it is deemsrci n~eces~ary tc~ issue '~-~rs.~ a:~~ ~,rl~ 9` d~-~~
<br />of North Olmsted ' ~n 4he pri nc;ipa.t. ~st~:m off' ~17,1W in sxs'~ica, ~a.t i~.±r: :; ~:~.~ ~ ~~ °~,"
<br />sz3d eolleetior~ csf s~eLiaZ asae~sso~erts tc~ ice'' tY~+~ propert;~ c,~~~~.er~ y ~~r ~. a
<br />a~ the City's portion of the cost cif ~mpmv~.ng ~bz teA ~u~,ci P =,d t°~ a y.=.~~~ ~.a
<br />A~tad between certaan ter~.in~. by canatructr~ side~k~s, t~cr; a ~de;r~i1T~ F„ ~~~ ~~~,
<br />described anti. pmv~.ded i`s~r in Res~aal.utiora P~. ~ S - /~ ~ ~ ?.~r~s~d~ ^f~'~',~
<br />1~5~ except 3rher~ ~r~atrtAc'~d by property. owners, e~xr.~ id R~~al:ati~ra Nc?s
<br />6~a-153., pa.ased J'uly' "i , 1~+. :Said bvcyds sha1.1. u+ear _r~tex~st ~: ~:~,e ~ st1 t~a':°c~u
<br />rate of three sad one-hs-if per centum {3-I/r2;~} Per aa°snu~, anti ~t~~_'...~ ~c
<br />in five exuiLtal inntai].saent~e, L~' said aunt tip Citor's Por"Gian °.~ ~ ~=~
<br />and the property oars $ portion i$ ~ f~, ?.~ ~
<br />Section 2, it is necess+ssy that a uc>te skaal?. be issu+~c ih
<br />a~ntcipettion of the itasu~tace cif said bonds.
<br />Section 3. ~8.t such note in the amo;.~nt of $~:7, ~-~ ~z~.7.. ~~ 3. ~~ssxe~~~
<br />b+earirsg interest at the x~te caf t~ and c~ne~-hs.If pex cenLurr~ ~~~' ~' ~~'i~ Fer
<br />annu~~ pe~yable at maturity e+f' said note s-tyd q~tar'ter-~s.ru-iua2ly after a~.t~zxi*.;;~~,
<br />b+e dated as ~Y t?~ date ~~' issuance; and shall. ms~.ure ~n f,~x beam; vr~
<br />year at"ter d~stc
<br />Section ~+. Saisi. tt4te sh81~ be executed by the Msyor arAd ~irec~tc~r
<br />of Finance, ahal2 bel,~' t1~e seal. of the ~¢unicip~.l corpora~;:ar~ra, sgial~t ~e
<br />peyablC at Tl~e N~ttiQAa:. CitLy Br,.nk qP Clevel.arrci.t Iic~rtY~: i7Tmsted F~ranc~~, Pic~x'CI;
<br />4lmated, 4hica, and aha1l express upon it $ f e ce the Pur~ZSe t flr wh i ~t~ :i t i s
<br />issued a,ati that it ~s i sawed pursu~:t to the prt3visons u~" toA ~ .~~z " nt~.ic:e a
<br />Section 5. Said mote shall first be csffered tcs i~t~ ~~. Tee. Wcr ca
<br />~`inance of the G±yt hariaa~ charge of th+e Bond Aetiremex~t ~"uxas~ u~" tt:r~ C;i~.<;~ ,
<br />ant! if xe~ectsd by him.,. then said tac~ta shall be aui it is herek;~ awerder+. ,~r,
<br />L~ttiorutl. City ~ of Cleve].a~n~d at itB perx value . 7~'ip px-c~cee_~t3 ~ tl~e; ~r~~1` r
<br />t-ther ttu~n the ~t necessaary to, gey interest upon such rote w~'i~ ch s~cna~~t
<br />sha.Ll be transPerr t Bt~nEd Retirement Fund, she3.l be paid itato tzar:
<br />pxoper food and used ~ for the purpose aforesaid.
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