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ORDINANCE NO. 875 <br />~/~n ~- L AN ONDINANCB T O PB,OV II3E FOR THE <br />BY: /~ ~"d'' <br />ISSUA~N~ OF ~ONI~S IN 1~iTICIPAT ION <br />OF THE COLLECTION OF SPECIAL <br />ASSESSH~NTS FOR TAE I~PROVF,~ENT <br />OF 5ELHURST ~~, ITS ENT IRE <br />LENGTH ~YY CONSTRUCTI/t~ THg±~II~ <br />A i~ATE~ CAIN . <br />BE IT ORDAINED ~Y THE COUNCIL OF TB.E VILLAGE OF NORTH OLR~STED, <br />STATE OF OHIO: <br />Section 1. That for the purpose of raising money in <br />anticipation of the collection of special assessr~nts for th+e improve- <br />ment of S8lhurst Road, its entire length, by constructing therein a <br />rater main, in accordance with Ordinance No. 815 passed on the 16th <br />day of day, 1950, bonds of the Village of North Olmsted, Ohio, shall <br />be issued to the amount of X12,050.00 to pay notes previously issued <br />and about to b$came dine and payable. <br />Section 2. Said bonds shall be signed by the Mayor arsd <br />Clerk, bear date of June 1, 1951, and shall be numbered and be due <br />and payable as follors: <br />i~at of Iia.turitLv <br />October 1, 12 <br />October 1, 1953 <br />October 1, 1954 <br />October 1, 1955 <br />October 1, 1956 <br />October 1, 1957 <br />October 1, 1958 <br />October 1, 1959 <br />~' <br />October 1, 1960 <br />Oct aber 1, 1961 <br /> <br />1 <br />2 <br />3 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />X1250.00 <br />1200.0© <br />1200.00 <br />1200.00 <br />1200.00 <br />1200.00 <br />1200.00 <br />1200.00 <br />1200 , 00 <br />120©. 00 <br />It is hereby determined that the above Maturities are in <br />substantially er~ual annual installments . . <br />Said bonds shall be of thae dienominetion of X1200.00 each, <br />ce t bond No. 1 Mich shallli in the denomination of ~1250.OC~; <br />e~c p <br />,u shall bear interest at the rate of three per centum per annum, <br />~~ ,.. _ _. <br />. ~~, <br />