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61-092 Resolution
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61-092 Resolution
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2/3/2014 10:11:44 AM
Creation date
1/27/2014 10:13:30 AM
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North Olmsted Legislation
Legislation Number
61-092
Legislation Date
5/3/1961
Year
1961
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'IG~ N0. ~? <br />CONFZiC~ TBS AtrIA~3 A~~ ~ AMD R PIi~G HtS <br />S~iS, the ~ireetor of Finance has repcxrted that fallowing due <br />publi~+~tt of notice art' sale of the issue of Seer and Sewer Plsrnning Bonds <br />authorized by Ordinance 61-6 sad ~1-~6 ra~pectively, bcta oars received by <br />him. at cue p'clock p,m. aa, 2, 1961,. for-the purchase of said boat, and th~:t <br />he has d,eterga+sd that bid of FfELfl, RICHARUS ~ CO, <br />for paid bonds, as folloirs: <br />Princi 1 Mount Interest date Premium <br />$l., 704,000 Surer Bonds 4% $ 3 0 , 7&0.00 <br />X71,175 Sewer Planning Bands 4% 5 , 076.00 <br />ca~astitutes the highest bid reaerived based upon the lest interest rate, sue. that <br />he has aecord3.nga.y awarded the ~ to said biddsr subject to confiraatiea~ by <br />Council; <br />Ohio: <br />LBW, 1~, Bg IT VBD by the. Council of the City df Wirth Ol~tted, <br />Sectit~m. 1. mat the award made by the Director of Pinanee to <br />F t ELU R IR 1.CHARQS ~ CO. for th+e puxchase of the aforesaid issuer of ~., 700 <br />Seer Bo ds erad `~~?~ 3eve~^ Plann3~g Bands, w~ th pre~.ums acid intex^eet rates <br />as above rertited be ~d the sane is hereby ec~fx~ned and approved. <br />Seatiea 2. That said bonds, after being duly. executed sad signed accord- <br />. ing to law and. au3aerding t® the offices authc~ri.zing the same but 'bearing respec- <br />tively the rate @f intereat.provideg ~texef~ar ih said accepted bid be delivered by <br />the Director of ~'inanee, togethear with a true 'transcript snci atate~meat Qf net <br />ixt~bteciness, certified by the Clerk of Council, and. such other infoxmationr as is <br />provided by law. <br />5ectia~n 3. ~t the Clerk of Council is hereby directed to certify a <br />§ copy of this resolutic~ to the Caenty Auditor as reg~aired by Section 133.36 of <br />I: the Revised Code of Ohio. <br />Section ~. `.phis resolution is hereby. declared to be an emergency <br />measure necessary for the preservaticaa~ of the peace, he~7.th and safety of the City <br />at~d, its i~shabitante and for the further reason that cdspletioa~ of sale of the <br />bandas hereinabove tinned is tial top~r- off outstata~d3.~ motes and th~exeby <br />to preserve the crud t of the El~wherc~fore this reaolutic~ ahA11 take effect <br />and be in force immediately open its passage d approve].. <br />Passed: ~ ~/~Q-- ;~ , 1961 ~ ~ l G~. ~ ~.. C. ~':~ ~ ~ ~ ~`_ ` ~. <br />_.~ <br />~; <br />Approved., <br />!~ ~ `" ~'~ <br />Mayor <br />t <br />~,- <br />.r~ <br />,F~. ~~¢~1AY 4 9969 <br />
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