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<br />RE30IATION IO. a%*.
<br />TO AM0D BE.`TION 1 0F RffiOIUPION DDO. 2714 D6TBRMIAI?k
<br />TO 3UBMIT TO THE BIWTOR8 THE QUI9T'ION OP' ISSUIfla BOND3
<br />FM CONOMCTION OF A M1NICIPAL SANITARY 3EWQiAiGE SY81',IDM.
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<br />NMWAS, by Reeolutioa llo. 2714 paseed July 15, 1958,.this council
<br />deteroined to eubmit to the electors bozxls in the mount of *6,232,850 for
<br />conatructing a municipe2 attnitnry severap collection and dieposal syetem,
<br />vhich re8olution has been delivered to the County Auditor; aad
<br />HfiERi3A$, the Coaeulting Lnginecra f'or the city udviseci thst it is
<br />neceasnry to iacreose ttu3 cmoui3t of the propooocl bond iesue to be submitted
<br />to the extent of $150,000 requiring an aupndmont to 3ection 1 oi Aesalution
<br />Ho. 2714 aad ite imnectiate certiSicatiqa.to the Cotuity Auditor;
<br />NOW.. THMMRE, BE IT FMS4LVED by the COuncil' of the City of Itorth
<br />Olmsted, CuYshoga CountY, OhiO: ? •
<br />3cction 1. Thet Sectian l-of Resolutien lb. 2714 aforesaid be snd
<br />it is heraby esaended to reed as follovs : •
<br />"3ec;t,lon 1. Thnt for the purpoee of pey1Ag the property ovaexs l
<br />portioa and the tityta portibn oP thc, Cost of coastnuting a munici,pel..saaitat.y
<br />seWCrage collcction and dispoasl aystem, it io necessary to le8ue bonda oi sald
<br />City in an amount oatirpnted at $6,382,850; oon?d that it ie ncceasary to levy a
<br />tex outeide of the c*ti'tutiotal ton mill tax limitation to pny the interest
<br />on and to zetire aai$ bonds; that the.question.of isauiog said boads arid o!'
<br />levying Euch tex slall be submittod to the electoro of said City at the regular
<br />Yavdnber election to be 1leld on November 4, 1954; that Council estimates that
<br />the approccimate date of`said.bonds will be Jaauary l, 1959; that oaid bouds
<br />vill be paid in tacnty annu8lribstallments msturing in aubetsatiel]y equal omounts
<br />durirg aperidd . of tventy y+ehra after the e?uthorizatian thereof, end vill besr
<br />interest at srste now eetimated ut three and one_half per cetrtw par amum., pay_
<br />ablo aanl-anmlly.
<br />Bectiou 2. Thart the Clcrk be and he is hereby cllrected lorttnrith to
<br />ccrtii'y s capy of thie resolution to the Auditor of Cuq+ahog,a Cawty.
<br />Sectfon 3. Thie resolutioa ehall, be ia ruli rorce awa eneot frco and
<br />iwapd:stely after ita psosagc erxl apprara1 by tt?e MsyW.
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<br />p44PCd?.I Y 15, 1958
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<br />AttCBt: . ' • ' ? ?. __ 1958
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