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RESDLUTIQN NQ. 57s <br />By, ? 1VIr. ? . . <br />10N PROVID1117G <br />b-ids Iza:ve b-een du.Ly <br />,the purchase of bonds_ of the. <br />provided for by Qrdinance R-o:. <br />'OR THC ACCIl'Tl-NCE OF THE <br />Sc C0EPANY FOR F'ORTY THOT1'SAND <br />V3LI.AGE OF _1aYFIEIJ). OHIO. <br />r ec-eived aecarding` to Taw for- <br />Village of Yyfie,ld, Qhio.=n <br />110 of sai:d V-i7.la;ge, and <br />WHERELS,` %mn, 5utherTand 8c Csompany has made a liid of Forty. <br />Thous?nd Dollare ($40, OOO.OQ ) pTus One Hundred FortgoEight. <br />I7ollar? [0I48.0a )_prernium, pZus'accrued. interest to day of <br />del.i.very, said b id being on th.e baszs of sa%d b-onds bearing <br />a rY-te of interest of Five and one-half per- eentum. J-5eQ <br />instead of the rate'of..intipxeat of six per centura (6,01.,3 as <br />provided in said Ord inanee I+To. 116, and <br />ITHER,LAS r sa id: b-iet is t-he higlies t bid based upvn the lowest <br />rate_.of inte.re_st. auTo-nitted arad is the highest and best bid <br />made f ox sa id b oncls ae.cord irrg to Zaws <br />1TOWg TSiLnEnOlUJy BE iT RESOZWID by- the Caumcil of the Village <br />of Yiayfield a. Cuydhoga GouYltyp _Ohl.O g that: <br />Sectl.on 1. Sa.1d bid of Rymn, SUtTierlaneT & C'ampany"of Forty <br />Thausand Do1Ta,r.s ($4.0„000.00 ) plus One Hundred rorty-e ight <br />Do17.ars ($148..00 ) _premium pli?s accrued int-erest.to: day of delive?.^y <br />as, the purchase pric°e Gf sa ic3 Forty Thousand Dorlars par value. <br />of said barids be and the same hereby, is accepted, said bonds <br />to bear interest: at. the rate of Five and one-ba:lf per eentum <br />(5-,Z':7fo) instead of six per centurr (6%) a_s Pravided in said <br />Qrdina;nce. Mo°. 110. .. <br />Sec,tion 2. The proper officers o€ the Village be and th.ey hereby <br />are authar ized and ins truc-ted to exec.ut,e such papers and to. <br />pe rform. such a c:ts a s shaT I b e ne ee-s sa ry or prope r to. eELrry out. thel <br />terms of this resalution?.- <br />Seetion S. This resol.utiQn sYzall take effect and be in force <br />from and a,fter its passage and legal publication. <br />PaLssed tlze llth day of AugLtst,. 19:30. . <br />Atte st : j <br />.s zd ent o fCounc i1 <br />Plta yo r - Pre <br />s ea 1. lCle rk..