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FZEsoLUTrart rto. 459 <br />? <br />By Nlrg Brotsn <br />A RESOLtTTIOPd ACCEPTIk1G THE HICHEST BI'D FOR <br />$29,570op0, OI'Rt?SPECIAL ASSESSMFNT BOVDS UPOiV <br />?IE LC?nTEST TE OF'. INTEREST PAZD ?.BY - A .. <br />_ --- <br />RES1 QNSIBLE BIDD?? _ . <br />"WHEREAS, MAGNUS & COMPANY, a responsible bidder, has presented a <br />bid for specia]. assessr?eni: Y?onds dated Sep-tsmber 1.st? :L959, ?'?e £ace <br />aTaount of W,570.00, uPon a rite of interes-t2 namely 4-1/2% pex° annum <br />and a premium of $I5.10; and WdiEREAS., said x°ate of interest is the same as is proaLded in <br />Ordinance. No. ,671 passad August 7th9 1959. <br />NO'GT MEREE'ORE BE IT^RESOLVED BY ` COUNCrL OF 7HE VULAGE OF <br />MA)=D, , CUWOGA COUNTY. OHIO 9 THAT s _ . . _. - - : -. .. - . -- <br />^ Sec. loThe bid of Magnus & Company be., and the same is., hereby <br />accepteci' aid bid beang the highest based upon the lowest rate of ?..n-terest' <br />and being the amoiant of 3nterest set forth i.n said ordinance . . <br />Sec. 2. Sa3.d bonds, after bsing executsd and signed? accordi.rig to <br />law, anc?_ac ding 'to said Qrd3.riance Noa 671 liere-to£ore passed by this <br />Council9 and bearing the rate of interest provs.ded in said accepted bid' <br />be,delivered by th.e Clerk to sai.d purchaser on compliance wa.th the terms <br />of sayd sa1e. <br />Sec. 3e The Clerk shall furnish tne successful bidder a true <br />transcxipE a statement of net z.nndebtedness certxfa.ed by hin, and such <br />officer shall furn? sh such other infomation as requ3sed by said Ordinance <br />No. 671 and as provi.ded by law. , <br />Sec. 4m The Clerk be, and hereby is, directed to certify a copy <br />of this so ut? on to the County Auditor of Cuyal?oga Coua?ty as xequired <br />by 7.aw. _ -- ^ - <br />Se. This Resolution is hereby detexsained to be an emergency <br />measure9 neeessax°y for_ tihe umnediate preservati.on of the publi.c peace' <br />health' safety and wel.fare of the vi3.la,e o£ Mayiaeld an.d its inhabitants' <br />si.nce funcls are requa.red to pay the notes issued i.n anticipatLon of the sale <br />of said bonds and thex°efore •this Resr?lv.tion shall go into immediate effect <br />upon its adoption as an emergency__ Reso1u°tion. <br />Adopted this 2nd day of September, 1959• <br />Attests <br />ayor- eszden o Counci <br />?• <br />v <br />?