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ORDT'TUi!JCE !d0. 23.
<br />By Idr o Pa.rker - ` ' • . . , .
<br />_ -To 3,sstie bonds L;- anzicipati,on of the collect-ion of special, asse,ss-
<br />inents 1leretofore levied. a.ga'inst the lots a.nd lands bounding- and.abutting
<br />on S.,OjI. Center Road,.:,for the improv.ement thereof f'rom tho,,.southerly, line o?lot 1a of 1:Ia.yf'ield Acres Bubdivision, iri said Villago to a point, ,.
<br />approximately 2056 feet sout,h thereof, bf es-cablishing a t,rade, gracling
<br />and constructing siclawalks. • . _ :
<br />., , ,;Be it Ordained, by the Council of the Villageof T?iayfield, State _of
<br />0h; o ; " . , . . .. - ' . ?
<br />Section l. That to ?rrovide a fund i'or thepayrnent of the cos`u and
<br />expanso for whicn' spocial asses'sr.ionts rave heretofo-re been le;ried fbr the
<br />i?aprove;ne??t 'of' S.O: !F. Cente;r 'Roacl, #'rom- the southa-rly lino of lot 15 -of --
<br />fvlayfield".licxe s Sizbdi'vis'ion. , in s?id. ?rillar?e to- a poirit approximately 2066
<br />f'eet sout.iz tkiereof, this Council.issue'bonds of= said,Village in:the aggre- gate ai?onnt of 000, irrith interost`coupons at-?ached,. said borids being
<br />numberqd;.dascri'ped. and made . apayable. as. follows : ,.. ,
<br />P1o, 1. f'or s?500 . payable October 1' , 1924.-
<br />n 2. 11 500 ii n 1925.
<br />500 « . t? n 1926. ..
<br />•_.; - . ._i621.
<br />.?.-? -----•-- n 500 . '
<br />,' _ . . __.._._.. __...' _. ^ ,.." :50 " 500 1928.
<br />n 6m 'I 500 " n n 1929.
<br />n T. n 500 l 9 30 •
<br />500 1931.
<br />- • - ., .'_. . . - - - - _ _ _
<br />All of saicl` bonds to d'raw interest irom the r'..ate' of sale at the rate
<br />of 61;o'per annum, payable semi-annually in the lst days of April and October
<br />of each year on. and after the 1.st day of. October, 1924. . ;
<br />.'lSdction `2'. TY?at both pri=ncip2l-and intere'st 'shal1 be pa.yable- at: the
<br />off ice, oi" the Tr.easurer, of? s2id Villa? e,, on the presen+ ati"on ?.nd surrender
<br />oi' sai d bonds, and the coupons. thereto a.ttachecl. As tney r.espectiv?ely mature..
<br />? • - Section 3. Th.a.t said boncls shall -be dated the day cf sa1e; and, to-
<br />gether with inte•rest coupnns, shall be issued and signed according to lavr,
<br />said interest coupons shall have the signature of' the Clerl,: litnographed
<br />. .. . "Uhereon:
<br />.?" . Secti•on 4--: -Tha.t the fai-th and revenue of. all the real and persona.l
<br />propertJ in said TTillage a?°e hereby-pled;ed- t-o the payment of'-sai:el bonds----
<br />.
<br />' and coupons according 'uo 'Uhe terms theroof.
<br />. Section 5. lhat upon sale of said bonds the proceeds thereof
<br />shall be placed in the Zrillago treasur?r and disbursed upon proper vouch-
<br />ers in,payme..nt of the cos`u and e?ense of the imp-rovement aforesaid.
<br />Section 6. That said annual_i_r_stallments ar.d all portior_s thereof
<br />shall be applied to-the nayment of said bonds and interes'u as the same
<br />shall beoome due, and to no other rn.irpose whatsoever.
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