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Resolution No, 1664 <br />By Mr. Baumgardner <br />A RESOLUTION <br />ACCEPTING TtIE BID OF RYAN SUTHERLAND & CO. FOR THE FRANK AND <br />MARION II~PROVEMEt~T BONDS, PROVE RTY OVItNERS ~ PORTION, BEARING <br />INTEREST AT 226. <br />~fiEREAS the following bids were received for the <br />Frank and Marion Improvement Bonds, Property Owners Portion, <br />X13,850.00: <br />Roose & Co. Premium 72.00 at 2 3/4~ plus accrued interes t <br />Ryan. Sutherland <br />& Co. " 162.00 at 2 1/260 tr n it <br />The First Cleveland <br />Corp. " 47.00 at 2 3/400 " " " <br />an d <br />V~EREAS this Council believes it would be to the best <br />int crests of the Village to accept the bid of Ryan Sutherland & <br />Company; now, therefore, <br />BE IT RESOLVED by the Council of the Village of <br />North Olmsted, State of Ohio: <br />Section 1. That the bid of Ryan Sutherland & Company <br />for the X13,850,00 Frank and Marion Improvement Bonds,Property <br />Owners ~ Portion, bearing interest at the rate of 2~ per annum, <br />at par and accrued interest, plus a premium of X162.00, be <br />and the same is hereby accepted and said bonds are hereby awarded <br />to Ryan Sutherland & Company. <br />Section 2. That the rate of interest on said bonds <br />shall be 22~ per annum in accordance with said bid. <br />Section 3. The clerk be and he is hereby authorized <br />and directed to certify a copy of this resolution to the <br />Couxaty Auditor . <br />Section 4. This resolution shall take effect and be <br />in force from and after the earliest period allowed bar law. <br />Passed: August 15, 1950. <br />-- .__ _ - er Mayor <br /> <br />