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0873 Ordinance
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0873 Ordinance
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Last modified
2/10/2014 10:55:00 AM
Creation date
2/5/2014 3:56:19 AM
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North Olmsted Legislation
Legislation Number
0873
Legislation Date
4/3/1951
Year
1951
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0~3DINA~NC~ N0. 873 <br />,, . i~ <br />BY : ~ 08~DII~ANCL TO PROVIDE FOR THE <br />ISSUANC.R OF BOND IN ANTICIPATION <br />OF T,Ei,E COLD I ON OF SPA I AL <br />A.SS~S~TS FOR THE - IYPROVE~dENT <br />OF Sz.~,Ti`' ~ ROA,fl FEtOI~ THE NOh.TH <br />LINE OF ~ OT N0. ~~ TO THE ENS <br />OF THE -ST BY C©NST~TIi~G THIN <br />W6T~R LINE. <br />BL IT 08Dk7:~IEi3 BY THE COt~CZL OF THE; VILLAGE OF NORTA OLYSTED, <br />STATE OF OHIO:. . <br />Section 1. That fcrr the purpose of raising money in <br />anticipation of the collection of special assessments for the improve- <br />went of Silverdale Road from the north line of Sublot No. 29 to the end <br />of the street, by constructing therein a water line, in accordance <br />with Ordinance No. 816, passed on the 16th day of day, 1950, bonds of <br />the Village of North.Olmst~d, Ohio, shall be issued to the amount of <br />X10,650.00 to pay notes previously issued and about to become due and <br />payable. <br />Section 2. Said bends shall be signed by the ~[ay©r and <br />Clerk, .bear date of June 1, 1951, and shall be numb8red,and be <br />due and payable as follows: <br />Ra te of Maturity N s t'~ <br />October 1, 1952 1 X1650.00 <br />October 1, 1953 2 1000,00 <br />October 1, 1954 3 1000.00 <br />(?ctober 1, 1955 4 1000.00 <br />October 1, 1955 5 1000.00 <br />October 1, 1957 C 1000.00 <br />October 1, 1958 7 1000.00 <br />October 1, 1959 8 1000.00 <br />October 1, 1960 9 lOQ0.00 <br />October 1, 1961 10 1000.00 <br />It is hereby deterd that the above maturities are in <br />substantially equal annual installments. <br />Said binds shall be of the d+enominatan of X1000.00 each, <br />exceptBiond No. 1 which shall be 3.n th$ denomination of $1650.00; <br />. ,, ~. _. ...~a <br />.,.......~ e ~ . ~~.~. ~... ~_, . <br />
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