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Resolution No. ? -1954 <br />By e4 ' ? °A-- <br />A RESOLUTION ACCEPTTNG THE HIGHCST BID FOR <br />$25,095.55 OF SPLCIAL ASSESSNlEIVT BONIaS UPON <br />THE LOTrJEST RATE OF . INTEREST BID. BY A_ <br />RESP9NSI3LE BIDIER._ . <br />_ 11HERCAS, MeDonald & Company a responsible bidder has presented a <br />bid for special assessment..bonds, da.ted September l., 1954, in the face amount <br />of $25s095.55, upon a rate of interest, namely three percentum per annwn, <br />and. a premium of $100.38, and <br />WHEREAS, said rate of interest is lower or other than provided in <br />ardinance No. 483°1954 passed November 1, 1954, <br />N0T7 THEREFORE BE IT RESOLVED BY THE COUNCI"L OF THL+' VIGLA.GE OF MAYL'ZEZD, <br />STATE OF OHIO: <br />Sec. l. That the bid of McDonald & Company, be and the same is herzby <br />accepted, said bid being tne highest based upon the lowest rate of interest <br />other than that provided for in said ordinance. <br />Sec. 2. 3'hat said bonds, after being executed and signed aceording to <br />law and?rdinance 484-1954 heretofore adopted by this Council, but bearing <br />the rate of interest provided in said accepted bid, be_delivered by the Clerk <br />to the said purchaser on c ompl.iance with the terms of said sale. <br />SEC. 3e That the Clerk shall furnish the successful bidder a true <br />transcript, a statemenu of net indebtedness cer-lu-ified by him, and such officer <br />shall furn:i.sh such other information as requ:ired by said Ordinance 483-1954 <br />and as provided by law. <br />Sec. 4. That the Cleriz be and he is hereUy directed to certify a copy <br />of this_resolution to the_County Auclitor of Cuyahoga County as required by lawo <br />Sec. 5. That this resolution is hereby deterinined to be an emergency <br />resolution since funds are required to pay the note issued in anticipation <br />of the sale of said bonds and therefore this resolution snaZl go into iinmediate <br />efFect upon its passage as an emergency resolution. <br />Adopted November 299 1954. <br />Approved: <br />?Aa' .C/ <br />g yor - resident of ounc' <br />SEAL e ?