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Resolution No, 286 <br />By Mr. Swans on <br />Sec onded. Uy Mr. Strater <br />A RESOLUTI OIJ AC CEPTING M I3IG-HEST 13ZD F OR $48,650.00 <br />?' SPECTAL ASSESSUPENT BONDS UPON THE LMEST, R1ATE OF <br />II'EREST BID BY A RESPONSIBI,E BID3ER. <br />C; <br />?? M4S, Seasongood & i`7a,yer, a responsible bidder, has presented <br />a bid for special assessment bonds dated June lst, 1955, 1n tize facs <br />amount of W ,6,?0000 upon a rate of interest, namely, 3-1/? per annum <br />and a premium of $38.95, and UMREAS, said rate of interest is lower or other than provided <br />in Ordinance Vo. 507 passed liay 23rd9 1955. <br />N0I-7 THER??'ORE BE IT RESOLVED BY THE COUNCIL OF TIIE VILLAGE OF <br />IvTAYFIELD, C i7YAHOGA C OUNTY OHIO, . Ti3A T: _ <br />Sec, l. The bid of Seasongood & Xa.yer be, and the sam is, <br />hereby accepted, said bid being the highest based upon the 1o:Jest rate <br />of interesti other -than that provided for in said Ordinance. <br />Sec, 2. Said bonds, after being executed and signed according <br />to law, and dinance No. 507, hereta:Bore adop-?ed Uy tlus council but <br />bearing the rate of interest provsded in said accepted bid, be delivered <br />by the Clerk to the said purchaser on comPliance with the terms oi said salee <br />Sec. 3. The Clerlc sha11 furnish the successful bidder a true <br />tra,nscript, a statement of net indebtedness ce2:-uified by him, and sucn <br />officer shall furnish sucn other information as required by said Orclinance <br />No. 507 and as provided by la.t,r. <br />Secs 4. Tlze clerlc be and he hereby is directed to certify a copy <br />of this lEgs-olution to the County Auditor of Cuyahoga County as required <br />by lawa <br />Sec. 5. This Resolution is hereby determined to be an emergency <br />raeasure, since fwzds are required to pay the note5 issued in anticipation <br />of the sale of said bonds and therefore this Resolution sha.11 ¢o into <br />immediate effec-t upon its passage as an emergency resolutiono <br />Adopted June 20, 1955. Approved: <br />Attest: <br />TZayor _- resident oi ou.ncil <br />J--i??Vyuv <br />Sea <br />C1 r