36-75 Resolution
, RECORD OF _
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I National Graphics Corp.. Cols" O. ~ Form No, 2806-A
Resolution 3'-7.> .
: ~ No .muu'________mum P assed---m-,m,-AUG------5---l9-75-n-mu---19 __u_ --
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RESOLUU'ION TO PROCEED TO SUBMIT THE~TION
OF TIm ISSUANCE OF BONDS FOR THE' , SE OF
CONSTRUCTING A MJNICIPALWATERWORKS SYSTFM~
TO CERTIFY nIB SAME TO THE BOARD OF ELECTIO ,
I AND TO DECLARE AN lMlRGENCY
WHEREAS, on July 7, 1975 this COlmcil duly adopted Resolution No. 31-75
providing for the submission to the electors of the Village the question of
issuing $775,000 of bonds for the purpose as set forth below and of levying
a tax to provide for their payment at the regular general election to be
held on the 4th day of November, 1975; and
WHEREAS, the Auditor of Franklin County has duly certified to this Council
that the average aruma1 tax levy throughout the life of the bonds which
would be required to pay the interest on and retire such bonds, asstuning that
they are all issued in one series and that the amount of the tax list of this
Vill~e remains the same throughout the life of said bonds as the amount of
the list for the current year, is Three and One-Tenth (3.1) mills fo.r each
11 one dollar of valuation, which amounts to Thirty-one (3l~) cents for each
ItI one hundred dollars of valuation;
NOW, TI-IEREFORE, BE IT RESOLVED by the Council of the Village of Dublin,
Ohio ~ of the elected members concurring, that:
SECTION 1. This Council hereby determines that it is necessary to pro-
ceed with the issuance of bonds in the Stml of $775,000 for the purpose of
_ constructing a nnmicipal watelWorks system by the acquistion of real estate,
0'1" .....u...^" or DlW ,^".,rlll'S ." reM a~~,
and the construction of water lines, and appurtenances, requiring an average
annual tax levy of Three and One-Tenth (3.1) mills for each one dollarof-,
taxable valuation, which amounts to Thirty- One (31 ~) cents for each one
hundred dollars of taxable valuation during the maxi.mum munber of twenty
years required to retire said bonds.
I SECTION 2. The Village Clerk is hereby directed to certify to the Board
. of Elections of Franklin COlmty, Ohio, a copy of Resolution 31-75 passed on
July 7, 1975, calling such election, together with a copy of this resolution
and a copy of the COlmty Auditor's certificate of average annual levy, and
cause said Board of Elections to give notice of said election and to conduct
said election as provided by law.
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RECORD RE~~{)T/ON
OF 6R9I:NANEES-
National Graphics Corp., COls" o. ~ Form No, 2806-A
Ordinance No.__~~:_1Suu P assed_m___'u____u___umm____B_-:_.5_mum19 _J.S._
SECTION 3. This Resolution is hereby declared to be an emergency
measure necessary for the preservation of the public peace, health, welfare
and safety for the reason that t tmder Ohio law, in order to proceed with I
the submission of a bond issue to the electors on November 4, 1975, this
resolution must be filed with the COtmty Board of Elections on or before
August 6, 1975, and that, therefore, this resolution shall take effect and
be in force immediately upon its passage.
Passed this 5th day of August, 1975
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