hospital workhouse and House Ralph Lauren Outlet of Refuge sewer viaducts bonded indebtedness of annexed villages of Clifton Avondale Westwood Linwood Winton Place Riverside and Evanston. Inasmuch as the Cincinnati Southern Railroad is leased at an annual rental of and the Polo Outlet Online city will derive revenue from the water works when completed nearly or twothirds of the bonded indebtedness is used in profitbearing enterprises.Under the new municipal code in addition to all other taxes authorized by law there must be levied and collected annually a tax upon property sufficient to pay the interest and provide a sinking fund Polo Ralph Lauren Outlet for the extinguishment of all bonds and funded debts and for the payment of all judgments which money cannot be used for other purposes. This sinking fund is managed by a board known as sinking fund trustees composed of four citizens appointed The North Face Outlet by the mayor not more North Face Outlet Store than two of whom may be of same political parties. The sinking fund trustees shall invest all money received by them in bonds of the United States the' State of Ohio of any municipal corporation schools townships or county bonds in the state reserving necessary funds for Ralph Lauren Outlet Online expenses and all interest received shall be reinvested. On January last the sinking fund contained of whichwere bondsinterest funds andcash Nike Free Run redemption fund.Under the law council has the authority to issue in any one year bonds for municipal purposes which shall not exceed I per cent. of the total tax duplicate which is about but at no time shall there be outstanding a total bonded indebtedness under these provisions in excess ofper cent. of tax duplicate. However by submission to special vote additional bonds may be issued but the total amount of such bonds outstanding shall not exceedper Nike Max Air 90 cent. of tax duplicate.Naturally this statutory limitation serves a very salutary purpose and tends to check the recklessness and extravagance of council. Every large city must increase its indebtedness and Cincinnati in the near future will expend large sums of money to complete its water works and additional sums for park purposes new city hospital and street improvements.The rate of interest paid upon the various bonds issued ranges fromper cent the rate paid upon the oldest series of bonds to %per cent. andper cent. upon the later issues. No part of this indebtedness was incurred in behalf of municipal profitbearing enterprises unless the water system could be thus designated the returns from this source somewhat exceeding the interest and expenditures. It is not however organized as an enterprise for profit.The sinking fund provisions for Pittsburg are those contained in Article XI of the act Nike Max Air passed by the legislature of Pennsylvania in and embodying the system of government of Nike Free cities of the second class viz.: those having a population exceeding but less thanUnder this article the sinking fund is controlled by a commission composed of five persons appointed by the mayor and holding office for five years in classes. As funds accumulate they are to be invested in the purchase of bonds of the city or if these cannot be procured to advantage then in bonds of the United States or State Nike Shop of Pennsylvania. Bonds of the city bought in for redemption are to be stamped conspicuously and shall never be reissued or Nike Argentina sold. At maturity those held by the city are to be cancelled and those representing the balance of the loan outstanding paid off and retired. Whenever any new bonds shall be issued they shall be made payable in annual installments equal to the taxes levied for the purpose and shall be paid annually North Face Outlet from the funds so provided. A number of other regulations The North Face Outlet Store guide the sinking fund commission in the fulfillment of its duty. At the present time the sinking