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<br />CIi"Y (F N(Y711 0M).M
<br />CI?.llINAACE 110. 2883
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<br />P3I +U7IPiAIM TO PRO:?IDS P'OR TTt? I3:P.RTRG 0"r' NOTE:i Iid Ati:ICIPA's'I(]N CF
<br />,"1?; LP.7Y QF SPWL4L 13:>;i:yt-M-3 AND IN ANTICIPATIai OF TFiE, I;:iUI'Y;
<br />0v wiCnS SN AIlTtCII'Al'IOdJ Ob' C'uxrIOlI 0r 3MIAL A:i3EWMUS
<br />P"C?i ;4iF. COltS??CC *:Iar ? A 3:'.d11??rL COLL?CiION ,?"ilSl'P?! AHA :a?F'tA13E
<br />?i?DFt Pi.r:" t'a: '.'.?rl C II? or t"t't'fi 0[1i91'SD.
<br />?I(M"A.i, tha ?::ouucil at the City ot Noorth (t].Wtod has herotoforo hy proprx
<br />inginlation, datr?nlinod t.?iat tho corxti•?:ction of a aawage collaction ??ton aixi
<br />aew;.?;o troattx:rit plant for the Citr of 2ior„h Olaetod, ia Mooartary for the
<br />iRwditto rro,3or'7?ation of tho public hoalth, ast'nty, posco arxl Waltaro, =A
<br />ttiiz; ?;ouncil contoWlatos tho uao of 4201'15,700.00 1'ar tho pn;rnoao
<br />o" p;;,•tn,; ttie portion o1.' aiid improvsnont, uhich is Lo be paid hy aaacsementa,
<br />?:rzd
<br />!hrl::?.1'?:;, harotofoi•e, ty v1rt"S of tha p•raviaiona of tldincnco tio. 2669,
<br />p: 3a3d lpril 1, ].956, a noto of t2io Ci.t;r of NorV
<br />l-h Olmtod xaa tssuod in tho
<br />sura of prrchr?3a t?r i't:o National ?ity Bank of Clava].und and which
<br />;k .ured Jr" 25, lZ?, ;nd uon,13 not liaving, `?xoen n0].9 nermi*,.tirC tho pa?^ycr.t
<br />o:: a^id nol.o, ?:nl
<br />irTr:'I,A,`3, the rroceoda of the noto to bo harein issual in tho m:m oS
<br />.'?0, ;;o bo datcd Jr:no 25, 1?;1, ta raa-turo on or bofore Juto 25, l)fr3,
<br />lr?.?i•LnG 2?4intcrest p,ii• annuin, p.-yable at rtiitarity or the duto of .vV pro-
<br />pAyr.ront t'wraof a'u?11 i>c uscxi to p,:? off the Ivist diw notn hc:rotetoro rororroa
<br />t.), iriUt intcreit.
<br />'a7f? :?Ji.L:r??t:? iZ :C" CN.D.?I?t:3D bv tA6 Cot?il of tl?o CitJ of No¢'th Ol?tr?d?
<br />,.tato !?ii Cfizo:
<br />3cction 1: 2h•it f.t ?o harob-: cioclnrod nocoasary t4 f.8euo bond3 o! tho City
<br />of tiortiz Olrwtoa in tho pxfnclpal atz of M,700.00 tor tho purpoae of raiairg
<br />mnoy 3n rnticipMtion of tho collcctiori of sxocial ro:sa".acmta for tho i?ro•rozoni:
<br />of caid Cit; by tlw conatruction of n tiwraga c?lloction srratan anl a3erago troat-
<br />rMnt platrt sor ocici Clit1.
<br />;c;ction 2: 'i`h-it sa3.cf bondo s'uall be of tho donoair.ation o! .,;',1,00().04 o-Ach,
<br />ar.copt thAt borxl ;;'1 shal.i Ue ior $1;700.00, ahall be datod Ootobar 1, 1959, rnd
<br />sr.ull bonr intoreat at tfuo rato of not to aaacood faur percwnL (4,') per anrnn,
<br />payablo oaai-aw:uall,;r on the Sirnt claya of Jrno and Docorbwr of orrch yor,.r uatil
<br />tt,o pri:scipal auca is paici, -rxd aha.11 r.itturo in :;?nty aruicinl inztallmonta at't=
<br />t:ioi.z• j.j.-Ls:.nca.
<br />Scction 31 .'tiat for t?'?e purpooe of razirL, norwy in r,Micipotion of tho
<br />1o-rf of 3poci&1 naE-,oa=orita .:nd in anticination of the iez;
<br />uanco of bondo in
<br />eoll ant3cin:,t3.on of tho collection of apocial aaaaea^iorrts tor the conatruction of
<br />ttio ab0v(3 s0ar:.to pla:lt ar,d smra3a colloctiori eyaten, in accordsu:ce with tho
<br />ligisl?;.ion t:croLo.^oro rg%3saf by the CttJ CMIncil xith roa)oct Lhorcto to pay
<br />tho praocrt;r ojwir3' ah;xo of tho aoat und aoqsneo of eaid raapectj.vo imprrnre..-?ent,
<br />it is hvroby decl;xed neco33sry to is3uo and thero ahal.l te iaaaod note or notaa
<br />of the City of 'iarth O(L*,*zted in tho at:t:i of 42%,M.001 ths prxoods ol' wtiich
<br />aiitll bi med to rotiro the outst:?.ridin?,, noto aa abovr recite:i.
<br />30cL {vn 1;: 7''wt au;h arY.icipatory noto or noLsa in tho owunt atoreaaid
<br />oha'1 bo isciwd be:.i•1rk; i.ntcro:.t et a rato mt o=*edin;; four parcant (4.0'?) per
<br />r?r.rlum
<br />, nnywbte ;: ' th^ rmttrity of asid aoto or notes; sa,id note or noton diall
<br />be clatod Jano 215, 1959, .1nd s!,a],.1 maatyro on or botoro Jwno 25, 1)fy0; auch noto
<br />or notoa ahall bo at.xut.od .vnd deli.vor3d isi arch rlanr:ax and 3uch clonorina tiom
<br />as W bo roqtbootod by tho purchASm• of aaid noto or notoo.
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