Ohio House Bill No. 176, February 17, 1892
NORWOOD HISTORICAL SOCIETY
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OHIO HOUSE BILL NO. 176


From the publication titled ...
THE STATE OF OHIO
GENERAL AND LOCAL ACTS
PASSED
AND
JOINT RESOLUTIONS
ADOPTED
BY THE
SEVENTIETH GENERAL ASSEMBLY,
AT ITS REGULAR SESSION,
Begun and Held in the City of Columbus, January 4th, 1892.

VOLUME LXXXIX.

"[House Bill No. 176]
AN ACT

To authorize certain villages to borrow a sum not exceeding $10,000 for general purposes and to issue bonds therefor.

        Section 1. Be it enacted by the General Assembly of the State of Ohio, That the council of any village which contained at the last federal census, or which shall hereafter contain a population of not less than one thousand three hundred and seventy and not more than one thousand four hundred, in counties containing cities of the first grade of the first class, be and said council is hereby authorized to borrow a sum of money not exceeding ten thousand dollars ($10,000), at a rate of interest not to exceed six (6) per centum, payable semi-annually, for general purposes and to pay existing indebtedness against the general revenue fund of said village.
General purpose bonds (Norwood).




Amount.

Interest.
Application of funds.
        Section 2. For the purpose of paying said loan, such village is hereby empowered to issue its bonds for the aggregate amount borrowed, in such denominations and payable at such time, within five years from the date of issue, as the council may determine.
Bonds.
Amount; denomination; when payable.
        Section 3. Said council shall annually thereafter cause the necessary taxes to be levied, in addition to those now authorized by law, to pay the principal and interest on said bonds, as the same shall become due, in the manner already provided for leving and collecting taxes for municipal purposes.
Additional tax levy.
        Section 4. This act shall take effect and be in force from and after its passage.


LEWIS C. LAYLIN,
Speaker of the House of Representatives
ELBERT L. LAMPSON,
President pro. tem. of the Senate
Passed February 17, 1892.
20G"

This bill was specifically written to apply to the Village of Norwood. The tight population and county restrictions were included for that purpose. This also gives us the population of Norwood for the 1890 census—between 1370 and 1400.


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