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RESOLUTION NO• 3564 BY Mr• Gottermeyer <br /> AN ~3~RGENCY RESOLUTION approving the acceptance of the bid of, and <br /> confirming the axard of Forty-Five Thousand Dollars ($1+5,000.00) FIRE AND POLICE <br /> EQUIPMENT BONDS to be dated august i, 1953, to Fahey, Clark & Coo.at a rats of <br /> interest of two and three-fourths per wont (2-3/4~) per annum. <br /> WHEREAS, Ordinanoe No. 4R-53~ adopted by the Council of the City of <br /> Lakewood on dune 15D 1953, provides, that the advertiaemeat for the sale of the <br /> FIRE AND POLICE EQUIPMENT BONDS shall stets that anyone desiring to do ao may <br /> present a bid or bids for sash bonds based upon their bearing • different rate <br /> of interest than that fixed in the ordi.nanae; sad <br /> F <br /> WHEREAS, Fahey, Clark & Co• did bid a rate of two and thre®-fourths psr <br /> sent (2-3/4~) on the Forty-Five Thousand Dollars ($45,000eOO) FI1tE AND POLICE <br /> EQUIPMENT BONDS, xhich is a different rate of interest than apeeified.ia said <br /> <br /> 7' ordinance and ir? the advertiaansnt; and <br /> WHEREAS, an emergency eaiats for the reasons that funds are required <br /> forthxith to proceed xith the purchase of the Aerial Ladder Track for the <br /> Division of Firs amd the Police Ambulance for the Division of Police, bids <br /> for xhich have heretofore been aCaepted; and in that it provides for the <br /> public welfare and safety and the usual daily operation of a municipal depart- <br /> meat; now, therefore, <br /> BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO2 <br /> Section le That this Counoil hereby approves the acceptance of the <br /> bid of, and confirms the axard and sale of the Forty-Five Thousand Dollars <br /> 045,000.00) FIRE AND POLICE EQUIPMENT BONDS to Faheyt Clark & Coo at a rate <br /> of interest of two and three-fourths per Dent (2-3/41 per annwa, payable <br /> wally, ing a different rats of interest than specified in Ordinsnce <br /> ' semi-ann be <br /> Noe 49-53 and in the advertisement, together xith the premium inaludsd in <br /> said bid. The Clerk of Council is directed to certify a copy of this resole- <br /> Lion to the County Auditore <br /> Ssatioa 20 That this resolution is hereby declared to be an emergency <br /> measure For the reasons stated in the greamble hereof and, provided it re- <br /> eeives the affirmative vote of two-thirds of all members elected to Coundl~ <br /> it shall take effect and bs in force immediately upon its adoptione <br /> ;_t <br /> s~' Adopteds duly 20. 1953 <br /> George Fo Quinn <br /> President of Counoil <br /> Ho A. Recta <br /> Clerk of Council <br /> J Approved; July 21, 1953 <br /> Ae Io Kaufflnan <br /> Msyor <br /> <br />