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RESOLUTION N0. 1 ~~ 7 <br />By; j~~ RESOLUTION AUTHORIZING THE CITY AUDITOR <br />TO ISSUE AND SELL, AT PRIVATE SALE, TO <br />ROOSE & COMPANY OF TOLEDO OHIO, BONDS <br />OF THE CITY OF NORTH OLMS~ED , OHIO AS <br />HEREIN DESIGNATED , AND IN THE AGGR~GATE <br />AMOUNT OF X3,350.00. <br />WHEREAS, the within described bonds were duly advertised and <br />offered at public sale on the 15th day of May, 1952, and <br />WHEREAS, no bids were received for the purchase of said bonds, <br />and <br />WHEREAS, Roose & Company of Toledo, Ohio, has offered to <br />purchase at private sale for par and accrued interest to-date of <br />delivery the following described bonds, bearing interest at the rate <br />of 3%, to wit: <br />Walter Road No. 2 Water Improvement Bonds --- X3,350.00 <br />NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTEL, STATE OF OHIO: <br />That the offer of Roose 8c Company of Toledo, Ohio, to pur- <br />chase at private sale at par and accrued interest to-date of delivery <br />said bonds of the City of North Olmsted described in the preamble here- <br />of, be and the same is hereby accepted, and the Auditor be, and he is <br />hereby authorized and directed to issue and sell to Roose 8c Company <br />said issue of bonds aforesaid and heretofore authorized by the pro- <br />visions of Ordinance No. 953 duly passed April 15, 1952. <br />This is an emergency measure, the emergency being that it is <br />~_. <br />necessary for the immediate preservation of public health, peace, <br />safety and welfare and shall take effect and be in force from and <br />after the earliest period allowed by law. <br />PASSED : May 20 , 1952 <br />. Ch stman, o ouncil C <br />APPROVED: <br />larence viatt, ayor <br />i <br />