02-76 Resolution
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RECORD OF RESOLUTIONS 75
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COLUMBUS BLANK BOOK CO,. COL., 0, .... Form No. 6233.A
Resolution N 0 ,---~-~-~------------------ -
p assed____~~~_~-----1~------------------19 _1~__
A RESOLUTION TO DECLARE THE NECESSITY OF SUBMITTING TO THE
ELECTORS OF THE VILLAGE OF DUBLIN, THE QUESTION OF ISSU I NG
BONDS FOR THE PURPOSE OF CONSTRUCTING A MUNICIPAL WATERWORKS.
0 BE IT RESOLVED by the Council of the Village of Dublin, County
of Franklin and State of OhioJL-of the elected members con-
curring:
SECTION I. That for the purpose of constructing a municipal
waterworks system by the accquisition of real estate or ease-
ments or other,,,,'interests in real estate and the construction
of waterlines, and appurtenances, it is necessary to issue
bonds of this Village in the amount of Seven Hundred Seventy
Five Thousand Dollars ($ 775,000) in anticipation of the
collection of special assessments to be levied for said
purpose, and it is necessary to levy a tax outside the ten
mi II limitation of Article XII, Section 2 of the Ohio Con-
stitution to pay the interest on and to retire said bonds~
The question of issuing said bonds and the levy of said tax
shall be submitted to the electors of said Village at a
primary election to be held on June 8, 1976. The approximate
date of said bonds will be October I , 1976; said bonds will
mature in 20 annual installments after their issuance, and
wi I I bear interest at a rate now estimated at 6.5% per annum,
payable semiannually.
D SECTION 2. That the Clerk shall certify a copy of this Res-
olution to the Auditor of Franklin County for his calculation
of the average annual tax levy requ i red throughout~the t i fe
of the bonds to pay the interest on and to retire said bonds,
assuming that they are all isswed in one series and that the
amount of the tax list of this Village remains the same through-
out the life of said bonds.
SECTION 3. This Resolution is hereby declared to be an emer-
gency measure necessary for the preservation of the public
peace, health and safety of the Village and its inhabitants,
and for the further reason that this Resolution must be cer-
tified to the Franklin County Auditor by Fedruary 18, 1976
in order to submit the question herein to the electors; where-
fore this Resolution shall take effect and be in force from
and immediately after its passage. .. .I. j/# I-
Passed this~day of j~ , 1976.
(l~7v, ~ President Pro Tem~e
Mayor- presiding 0 Icer
D ~ (;:)~
Clerk-Treasurer
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