36-76 Resolution
-
RESOLUTION NO. ~<...,~
TO DECLARE THE NECESSITY OF SUBMITTING TO THE ELECTORS OF
THE VILLAGE OF DUBLIN, THE QUESTION OF ISSUING BONDS FOR
THE PURPOSE OF CONSTRUCTING SANITARY SEWERS.
D BE IT RESOLVED by the Council of the Village of Dublin, County of
Franklin and State of Ohio:
Section 1. That for the purpose of expanding and improving the
municipal sanitary sewerage system by the acquisition of real estate or ease-
ments or other interests in real estate, and the construction of sewer lines
and appurtenances, it is necessary to issue general obligation bonds of this
Village in the sum of Two Hundred Twenty-Five Thousand Dollars ($225,000) for
the Village portion of the cost of said improvement, and etc. The question
of issuing said bonds and the levy of said tax shall be submitted to the elec-
tors of said Village at a general election to be held on November 2, 1976.
The approximate date of said bonds will be May 1, 1977; said bonds will mature
in 30 annual installments after their issuance, and will bear interest at a
rate now estimated at 6.5% per annum, payable semiannually.
Section 2. That the clerk shall certify a copy of this resolution
to the auditor of Franklin County for his calculation of the average annual
tax levy required throughout the life of the bonds to pay the interest on and
to retire said bonds, assuming that they are all issued in one series and that
the amount of the tax list of this Village remains the same throughout the
life of said bonds.
Section 3. This resolution is hereby declared to be an emergency
measure necessary for the preservation of the public peace, health and safety
B of the Village and its inhabitants, and for the further reason that this resolu-
tion must be certified to the Franklin County Auditor by July 15, 1976 in order
to submit the question herein to the electors; wherefore this resolution shall
take effect and be in force from and immediately after its passage.
Passed: July 6, 1976
~W.lI~
Mayo
.. /2vl....tp .j~
Attest:
Clerk
...