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CITY OF NORTH OLI?STED <br />FiESOL TION T10. 2897 <br />By NZr. . Kramer <br />iMOLUTION Al,?RDING SALE oF $69,850.00 1s BC;NDS TO RYAN SUTHERLA[dD & C0. <br />AND DECLA..LLTNG ku 12MGIu; CY . <br />WFIFM:E,A,St Rya,n Sutherland R Co. of Cleveland, Uhio, a responsi'ale bidder, has <br />,?tr. presented a bid for bonds in the sum of ?69,850.00, with the premium of $111.00, a.n.d on <br />? a rate of interest of four percent (40) per axnum, an.d other than tha,t provided for in <br />0-rdinance Ido. 2884 authorizing the issue of such bonds, passed on the 7th day of Ju1y, <br />1959, under P?evised Code, Section 133.33, <br />TdUW2 TI "?Ei'ORE, BE IT iS11`LV"r? by the Council of the City of NOi'th 0lmsted, State <br />of Ohio: <br />Section l: That the bid of Ryan Sutherland & Co. of Cleveland, Uhio, be and the <br />same is hereby accepted, said bid being the highest based upon the lowest rate of interest <br />other than that provided -for in said ardinance. <br />Section 2: That said bonds after being duly executed and sibned according ta 1aw <br />a.nd said ord:inance, but beari.ng the rate of interest provided for in said accepted bid, be <br />delivered by the Auditor to the purchaser on its compliance with the terms of said sa1e. <br />Section 3: That the Auditor is hereby directed to furnish to said successful <br />bidder a true transcript and sta,tement of net indebtedness, certified by him, and such other <br />iniormation as is provided by lata. <br />Section 4: That the Clerk of Council is hereby directed to certify a co-:Dy of tb.is <br />resolution to the County Auditor as 7er,_uired by Revised Code Section 133.36. <br />Section 5: That this resolution is hereby decl<?red to be an emergency measure <br />necessary for the presel^vation oi tn.e ;eneral ?uelfare of the City of North Qlmsted, nd such <br />emergency exists by virtue of the necessity of completing the necessary 1 egislation, pers:li ?i:ing <br />i;he preparation of a transcript for delivei-y to the purchaser of said bonds, all for the -;ener- <br />a1. Public welfare of said city. <br />Section 6: Wherefore, t'rli; resolution shall take izmecliate ei?ect 1:'rom and a%tcr <br />its passage, othererise, at the earliest period allowed by law. <br />Passed: August 4, 1959 <br />A'17T".'S:: ? <br />E. M. Christman, Clerk of Council ? <br />R A. Hazelton, sident of Council <br />?t <br />Paul J. G reau, T-i.ayor <br />CI,MI=iK' S i;MTFICl1TE <br />I, E. X. Christman, Clerli of Council and A.uditor of the City of IJorth Clms ted? <br />hereby certify that the yoregoing resolution, enacted Aut;ust 4, 1959, is a true and correct <br />copy thereoi. <br />0 <br />? <br />?