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OR1/1NANCE -iVO., - 24 s <br />• By i?'ir, Lockemor ' <br />To issue bonds in anticipation of the col7.ection of special assess- <br />ments heretofore levied a,c;ainst the lot s anci lands bounding and abut,ting <br />on [,4aple Grove Road fox• the improvement thereof from the cente-r 13ne of <br />Vdilson I:iills Road t,o the end -tlzereof, by establisning a grade, grading <br />wnd cons-tructing sidezvalks. • - <br />Be it Ordained by the Council of the jTil_lage of P:,iayfield, State of <br />Ohio: <br />Sectiion. l. Thati to provide a ftind f or the pa.yment of the cos-t, and , <br />expense, for vJhich.special assessments have heretofor.e been levied for the <br />improvement of ITaple Grove 1?oad, froM .the canter line of '?"ilson 11s <br />sidevralks, th? s Council iSSLle bonds of said Village in the aggregate amount <br />of ?,,4800., with interest coupons attached, said bonds beincr mimbered, de- <br />scribed and made payable as fol1011rs: <br />IJo. l. for 8800 payable Octooer l, i 9230 <br />n 2, 500 " ' n n 1.924a <br />n 3 i 500 ?? n n 192,50 <br /> 4y " 500 1926 e <br />?f 5 e ? 500 19270 <br /> 6.. 500 1928 e <br /> 7, ri . 500 1929. <br />rt 8. n 500 1930. <br />ri 9. 500 1931. <br />1!11 of sLlid bonds to d•raw interesti from tne" date ,-of' sale at tne rat'e " <br />of 6; po-r annwn, 1 ayzble ser.!i-annually on the leu days of =1pril and October <br />of each year on a.nd af-cer the lst day of October, 3.923, <br />Section 2. Tha? both prir.cipal and intere_ ?v:ill oe payable at "tre . . <br />oifice of the Treasurer of saici Village on the Lresent"ation and surrender <br />of said 'oonds and the cotlpons 'uhereto a.ttacned as t,hey respective.l,r mriture. <br />Section 3. That <br />Imether -ri-th interest <br />a <br />.p Said interest cou;?ons <br />a <br />thercon. • - . <br />s<lici bond.s <br />30tip011S, Sn <br />shall rave <br />shal-I be clated on the cay of sale, tio- <br />a.ll be i. ssued and signed according tio law, <br />the signature of tne Clerk lithogy-aphed <br />Sectiion 4. Tizat the faith and rzz=enue of all the real ancl personal <br />p?°oper?cy in said -"ill4ge are hei•eby pledged i,o the pa;yrment o£ saia bonds <br />and coupons according to the terr::s thereof. <br />Sectioh 5. `l'hat upon the sale of Sa]_d bOrir{S the proceeds L-hereoi <br />s=:a.1_l be p-aced in the ?;illabe treasury L-tnd disbursed upon proper vouch- <br />' ers -iri payr-ient of t'.ie cost and expense of 'Uhe impY•overtent aforesaida <br />? Section o". That saz_d wnnual ins-Lallments and a11 portions thereof <br />sha11 be ppplied to the payment of sal-d bonds and interesi; as the samo <br />shall becar;ie due, ?.nd to no ot,her la1fpOSe i=Tizatsoevero