HomeMy WebLinkAbout62-74 Ordinance
I
I
I
I
I ~.. 7'(
I ORDINANCE NO. I
I TO AMEND ORDINANCE NO. 52-74 I
I
I AND TO DECLARE AN EMERGENCY
I
I WHEREAS, it is necessary to amend Ordinance No. 52-74 adopted
I
0 10ctober 21, 1974, to correct the statement of bond maturities set forth
lin Section 2 thereof;
NOW, THEREFORE, BE IT ORDAINED By the Council of the Village of
I
I Dublin, in the Counties of Franklin and Delaware, State of Ohio:
Sec tion 1- That Section 2 of Ordinance No. 52-74 adopted by this
Council on October 21, 1974, be and the same is hereby amended to read as
follows:
Section 2. That said bonds shall be in the denomination of $1,000
each, numbered 1 to 100, both inclusive; shall be dated December 1, 1974,
shall bear interest at the rate of seven per centum (7%) per annum, payable
semiannually on the first days of June and December of each year commencing
June 1, 1975, until the principal sum is paid; provided, however, that if
said bonds are sold bearing a different rate of interest than hereinbefore
specified, such bonds shall bear such rate of interest as may be provided
for in the resolution of Council approving the award thereof. Said bonds
shall mature as follows: $4,000 on the first day of December in each of
the even numbered years, 1976 to 1994, both inclusive, and $3,000 on the
first day of December in each of the odd numbered years 1977 to 1993, both
inclusive, and in each of the years 1995 to 2005, both inclusive, which
maturities are hereby determined to be in substantially equal annual install-
r't ments. The principal sum and interest of all said bonds shall be payable
(tJ at the main office of The Ohio National Bank of Columbus in the City of
Columbus, Ohio.
Section 2. That Section 2 of Ordinance No. 52-74 as adopted Octo- .~
ber 21, 1974, be and the same is hereby repeal~d.
Section 3. This ordinance is hereby declared to be an emergency
measure the immediate passage of which is necessary for the public health,
welfare and safety for the reason that the note issued in anticipation of
the aforesaid bonds is about to mature and it is necessary to provide funds
without delay for retirement of said note; this ordinance, therefore, shall
take effect and be in force from and after its passage and approval by the
Mayor.
Approved:
Passed: No"; 18 , 1974 Attest: ~
Clerk-Treasurer
I
I
I
CERTIFICATE
fl I The undersigned Clerk-Treasurer of the Village of Dublin, Ohio,
hereby certifies that the foregoing is a true copy of Ordinance No. <.01- 1't_
t , passed /V() ..J la , 1974, and that certified copies thereof were filed
U with the County Auditors of Franklin and Delaware Counties, Ohio on the
day of , 1974.
/G,Lt ~
Clerk-Treasurer
~
I
I
I -