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RESOLUTION NO. 4425 <br /> <br />BY: Messrs. Ward, Wendling, <br /> Bennett, Gain, <br /> Gaydos, Huffman, <br /> Usher. <br /> <br /> A RESOLUTION provid/ng for the award of an issue of <br />$1,800,000 Hospital Improvement Bonds of 1965 of the City of <br />Lakewood~ Ohio. <br /> <br /> WHEREAS, after notice duly published as required by <br />law~ bids have been received for the purchase of an issue of <br />$1,800,000 City of Lakewoodt Ohio, Hospital Improvement Bonds <br />of 1965, which have been duly authorized by Council, and <br /> <br /> %~HEREA~, it has been determined that the bid of <br />McDonald & Company of Cleveland, Ohio for said bonds with a <br />premiu/n of $15,815.00 and to bear an interest rate of 3.25% <br />based upon the lowest rate of interest received at such rate: <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br />City of Lakewood~ Ohio: <br /> <br /> Section 1. That the aforesaid Hospital Improvement <br />Bonds Of 1965 Of this City be and they are hereby awarded and <br />sold to McDonald & Company in'accordance with the terms of their <br />bid, said bonds to bear the rateof interest provided in said <br />bid and hereinbefore recited. <br /> <br /> Section 2. That said bonds, after being duly executed~ <br />shall be delivered by the Mayor and Director of Finance to said <br />bidder upon payment of the sum provided in the bid aforesaid~ <br />together with a true transcript of the proceedings. <br /> <br /> Section 3. That the Clerk of Council is hereby authorized <br />and directed to deliver a certified copy of th~s resolution to <br />the Auditor of Cuyahoga County. <br /> <br /> Section 4. This resolution shall be in full force and <br />effect i~ediately upon its adoption. <br /> <br />Adopted:, June 21~ 1965 <br /> <br />John Ga~dos~ Jr. <br /> President of ~o~n¢il <br /> <br />Approved: June28, 196~ <br /> <br />, Nar[ Admm.s <br /> Clerk of Council <br /> <br />Robe.r~ N~ Lawther <br /> Mayor <br /> <br /> <br />