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oagl~es so.~ 3 ~
<br />AR a~tu~ Av~caaxzi»a ~ t t~ ~x >wt ~''
<br />CITY t~f' ~, ZM A~lltlL+GIII ttMr
<br />IiC'ltt~M OT $1~QAL A~ ~ ~'i q-
<br />3"~MM~"~ii A iiA'~t NAI7! I1 PAUL DRIYt, 11~!
<br />Ax ~'~.
<br />1i1MMM118, notes rare issued p~rsuaat to Ordi~oateese llo. 64-36, as arMrld b! EudarM-~e
<br />~• ~-59, in aatlaipatioa of the hoods herein autleoriseri sad are about to sure; sal
<br />HMMM<J-3, the Director of T'iss~eoe, as fiscal officer of this City, Las lrsro~ws~t'ot~e
<br />certified floe estiaatad life of the iaoprovseesnt sad the ^axieerie talvrity ~" the 1~ats
<br />proposed to 1t iaswsd,
<br />•t7N, '!, ~ I? O~AIMlfl by the Connell of the City of Month 41~otod, QltiaQ:
<br />Seatioa 1. That it 1s hereby decL-red nsaesaary to issue bonds of tleo pity of
<br />Barth Ohstsd, in the pri~ecipal our of #11,155 is aaticipatioa of floe csllaelteo oz
<br />special assesssents hRretofore lei-isd for the purpose of ie~'cer'ing ltorth Psrlc BMrre
<br />frame Paster Road to a point 1300 fNt r+sst thereof by the installation of a 3.2-tech
<br />rater slain in accordance with Resolution Mo. 63.168 sdop~ted August 13, 1863.
<br />Section 2. Said bonds shall be issued in the principal saov~tt of #11,155 for the
<br />purpose aforesaid. The said bonds shall be dated Marsh 1, 1965, shall be is ~tst! In flee
<br />denorination of #1,000 each, except bond llo. 1 which shall be of the clsmossatioo of
<br />X1,155, shall be nwfbered frae~ 1 to 11, bath inclusive, and shall bear la#Gtrest at the
<br />rate of three sad one-quartsr per cent~a (3-1/~} per ennuis, payable s~i11T aici
<br />the first day of June and the first day of Decesbar of sash yw-r begfnai~ r 1,
<br />1965, until the principal sole is paid, as evidenced by the coupons attaah~d tLolreceto;
<br />provided, however, that if the bands are said bearing a different rate of ints;rest th~-n
<br />herein specified, such bands shall tsar such rate of interest as ry be prordhE't is the
<br />resolution of Couacil apprarring the award thereof. Such bonds shall ssture in their
<br />consecutive serial order as follows:
<br />#1,155 on December 1, 1966;
<br />1,000 on December 1 is each of the years 1967 to 1974, inclusive; and
<br />2,000 on December 1, 1975;
<br />which eee~turitiea are hereby detersined to be in substaatially equal aoenual inrrtall~ts.
<br />Section 3. Said bonds shall be executed b t2es May+~r and Director of ?'ins~sort and
<br />.ball bear the corporate seal of said City. Interest ooupvns attached to ss~i4 loops
<br />shall bear the faesiaile sig~eature opt the Director of l-ina~e printed or 14:t1wt
<br />thereon. They shall be dssi®eatod "Month Part Hater Main Dodds", sad shaaa 1eo ~l+e
<br />in lawful ewooey of the Uaited 8tatss o! Arrica st the eeain office of Tort !r-tisral City
<br />Hank of Cleveland, Cleveland, Ohio.
<br />Sectloa 4. f'or the purpose a! pro~ridina the wossswry funds to pay the iroat
<br />oa the forming issue of boas prE#grtly when sad u tbs ss~eee falls duos, sad oleo tc-
<br />proride a font sufficient to disc~-rge the said serial bonds at eetturlty, theme sLal.l
<br />be and is hereby lrried on the taeoable ptroperty in the City of lforth Blasted, im s~idition
<br />to all other taxes, a direct tax anutually during the period said bonds are to run in an
<br />.., .,. .-..v... .. %''M ..4 ~d,~.Y2~w[~.rd~.vli~. ~ _v, ~.1:L.1rY R..~<:~Y_,..~L::~i~..+~1.w~.r5r-1+.~.... v .~bi~.~. •.. 1. '~ir~ ._.... M::.
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