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Begun and Held in the City of Columbus, January 4th, 1892.
To authorize the council of certain villages to borrow money and issue
bonds therefor to defray the necessary expenses of such villages.
SECTION 1. Be it enacted by the General Assembly of the State General er: of Ohio, That the council of any village having at the last pengebonds
(Girard). federal census 2,150 inhabitants, or which may at any future census have such population, be and the same is hereby authorized to issue the bonds of such village in any sum not to amount. exceed five thousand dollars ($5,000), bearing interest at a Interest. rate not exceeding six per cent. per annum, payable semiannually, for the purpose of defraying the necessary expenses of the government of such village. Not less than two thou
apportionsand dollare of such money shall be credited to the light fund ment of pro
ceeds. of the village, and the balance of the money so raised by the sale of said bonds shall be used for the general expenses of such village.
SECTION 2. The principal of said bonds shall be made Payment of payable at such places and at such times as the council of said principal. village may by ordinance determine; and the said council is Tax levy. hereby authorized to levy a tax not exceeding 2 mills on the dollar each year to pay the principal and interest of such bonds as they become due.
SECTION 3. Said bonds shall be issued in such sums as Issue and sale. the council may determine by ordinance, and shall be signed by the mayor and countersigned by the clerk of said village, and they shall not be sold for less than par value.
SECTION 4. This act shall take effect from and after its passage.
LEWIS C. LAYLIN,
President of the Senata
(House Bill No. 16.)
Making appropriation for expenses of the general assembly.
SECTION 1. Be it enacted by the General Assembly of the State Appropriation of Ohio, That there is hereby appropriated from any money