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: . U3BT ?%rss?CE N0. 25. , . ?. .
<br />F3y 1.1r . ' Parker,,
<br />To issue -bonds zn anticipation of.the coliection of special assess-
<br />ments i?eretof'o,•e levied against the lots and, lands.bounciing and abuG?in?
<br />on Seneca Foad for the improvement thereof , from the center li-ne o1''S.O.M.
<br />.:..?:.?:,_,?.?.?.?_?.?.
<br />Cener ?oad ti o-che - cent^r line of Beech Hi? 1 Roadby estab? islling a
<br />gratle, P-rading, cotlstiructing si'clei,ralks and draining. .
<br />Fe:it Ordained by the Council?'.oi' the Vi]_laoe of I?aJfiei_d,. Stat.e
<br />of; Ohio; ,
<br />?J . a .. . . . , , ' '. . : . .
<br />Section 1. Tpat to provide. a fund f'or the pa;rrnent.of the cost and
<br />expense f'or.r;hich "speeia.l assessments ha.ve heretofor•e been leiTied: 1'or t'lie
<br />improvemont of_,Seneca P.oad, from -bhe cEnter line, of S.OCent-or"I?oad
<br />to the 'center, line: qf Beech I'ill Roaci, by establislzing a grade, -C?radYng
<br />constructing sifAetiwal'rs a.nd dra,ining, this -Council issue bonds oi^ said
<br />Village i-n the aggregate aznou'r?t of r10,000, rri-Eh intier:.st coupons attached
<br />said bonds.being numbered, .,descriLc;d and, made•,.payable as f'ollorrs :"
<br />_ "P1o ? l. for ?'?1,000 paya.ble October l, 1922.
<br />2. n 1,000 ",..;1923:
<br />1,000 i:.... . . ...' .?? '''?f . 1924.
<br />4...,. . _. ._ .'?.: . 13000 i? +i rt. 1?25e
<br />5. r? 1,000 ii . u i' 1 926.
<br />-ir 61 n 1,000 1927 e" 7. " 1,000.. 19280
<br />" 81 " 1,000 1929.
<br />9. ?r 1, 000 "- -- -- ?? ? -19306 r? 10. 1,000 f' i' 1931..
<br />A11 cf' said bonds to drai7.r inL- eres-t froi:: -Llie date of sale at the -rate
<br />of, G% per ai?n.?in, payable sersi.-annua.lly cn the lst days of ?lpril and- October
<br />of each ;rear on and a.i'ter zhe lst ciay- of O?ctober, 1922: '
<br />Sec.h.ion ,2.., ! hai; both pri.ncipal and• interest shall be payable at tho
<br />of?'ice of the Treasurer of s??.id ?Tilla?e,,on .the :?resentz?ion a;-ici siirrender
<br />., of saia :;onds and t1he coupons thereto attaclied as.they r•especti;rely r.atur•e.
<br />'Spctio.n 3. ,2?h,?it:;said boncls sha.i1 be da-Led_tilie cia}* of sale, a.n5l,to- .
<br />gether lvith int.er?s? coupons, 'snall be issued and signed according to lat^;'
<br />`Said- in-l;erest coupons shall have tlie signature of the Cler'c lithographed
<br />thereon. -. . '. ` - ; ection 4. `i'hat fhe fait•h and r,e"venue of all the real',.and..personal_
<br />property in sa:d Village are hereby pledged to tl?e paymen-c of said bonds ?
<br />and coupor.s according to the terms thereof.
<br />Secti.or_ 5. That upon the sa1 F of saicl boncis and proceeds thereef-
<br />shall be placed in -the Vill«t;e t7•easury ar_d. ciisbursed upon proper vouch-
<br />ers in payment of tne costi and exTei:se of the ir:iprovement aforesa.id.
<br />Se;?t, 1 oi? .F. ;,-ia-stal?'naer??;.? ti?it11. i,onsr:ther,e;6f' ?
<br />sha11 k?e appliod to the payinent of said bonds and interast, as the sano
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