1921 022 Ordinance - Laserfiche WebLink

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ORDINAI?CF. NO. 22: S?j?vTr. Oatess - .1'8 issue bonds' in anticipation of the collection of speoi"al-assess- ments horetofore_ levied agrzinst the lots and lands boundirig ancl"abutting 9on ?! ?il'son?I?:iills Rd' for the im.provement thereof f'rom the center lino of Beec_?. H-ill' R d to a point approximately 1910 foet thereof, by esta.blishing a grade, grading and constructing s.idewalvs. Bo, it Ordained' by the Council of the. Village of jMayfield,. Sta.'ce. of ..Ohio: . . , - Section 1. That tb provide a, fund for,the.paymont of the c:ost and expense for tvhich speczal assessments Yiave heretofore been levied. for -the improvomont ofs lr:Tilson Piills poad; from the cariter line of Beech. Hill Road to' a: poin-L- approxima.tely1910' feet i^rest ther.eof;. liy establi sYiinga gracie, grading and constructing sideWalks, tizis Council. issue b'onds of_ said Vil- laoe i'n the -aggrega-Lo ?ariount- of 0.5,000; ZFrith intorest eoupons attached, said bonds being numbered, described. and made payable as folloVrs; No. 1. ' f'or 5}500 payable October ?, 19228 20 If 500 n n ?!. 1923. n 3. 't 500 1924 a..... .. . n 4. ft 500 n ?r ' , -n -` 1925. • , . . ii 5. 500 1926. ._. _. ?r -6 o r? 500 1927. n'7.i ? n 500 fr i? tt 1928. I r S. " 500 n n n 1929. 9. ?t 500 1930. " . or 10. 500 1931. : All of said bor_ds to dralar interest from the ('. ate of sale at the rate of 619,per annutn, payable semi-annually on the lst days of April and October of each y'ear on a.nd af'ter tne- lst day. of October, 1922. , Section 2.. That both prinoipal rand interest "sha.ll be payable- at -L-ho -office or the T•reasuror of :said _Villa.Pa,:. on tlze presentation and surronder of said honds and the coupons hereLo attached as they respectively mature. . Section 3. Th1t said bonds sha11 be cla.ted -Ene :!ay of sale, and, to- getner z•sith .interest coupons, sha11 be issved and signed according to law,, Said inte-rest coupons shall have t.he signature of the Clerk lithographed ther,eon. - . ' - . . . Section 4. That the i'aith and 'revenue of all the real and personal property in said Village aro hereby pledged to tne pa,yment of said,Uonds and coupons nccording to. t,ne terms thereof. Section 5. ^hat upon the sale of said Uonds the proceeds thereof shall be p].acod in the --vTill2ge treasury and disbursed uDon px•opor.vouch- ers in paymant of tho cost ?nd expense of the improvement aforesaid.