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xESOLUTIOx No. 1.~y <br />BY_-~ ~'. r~j '~,.~y~ ~, ' RFSOI.UTION ACCEPTIAtG THE BID OP' THE <br />r j~-^--~-~- <br />T8EA3URER AND OFFICER IN CHARGE OF <br />THE SING FUND, FOR 80HDS. <br />WHEREAS, the follo~ring bonds were offered for sale at <br />par and accrued interest to the Treasurer and Officer in Charge of <br />the Sinking F`and of the Citp of North O7.msted, Ohio, accordix~; <br />to lair, to-wit: <br />Lucydale Avenue Street Improvement Bonds X3,000.00 <br />and, <br />WHEREAS, said Treasurer and Officer has._accepted said <br />offer to buy said bonds at par and accrued interest, and <br />WHEREAS, other issues of bonds sold publieally at this <br />time were bid at par and accrued interest at the rate of 3~ per <br />annum, and <br />WHEREAS, this Council believes it would be for the best <br />interests of the Citp to accept the bid of said Treasurer and <br />Officer. <br />ROW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OB THE CITY <br />OF NORTH OIMSTED, STATE OF OHIO: <br />~ectian la That the bid of the Treasurer and Officer in <br />Charge of th-e ~i~ing Ftu~d of the Citp of North Olmsted, Ohio, for <br />X3,000,00 at interest of 3~ per annum, at par and secured interest, <br />for the above-mentioned bonds, be and the ~aa~ae is hereby accepted <br />and said bonds are hereby awarded to said Treasurer and Officer. <br />Section 2. That the rate of interest on said bonds shall <br />be 3~ per annum in accordance with said bid. <br />Section_,~ The Clerk of Council be and is hereby authorized <br />and directs to certify a cope of this Resolution to the County Auditor. <br />Section This Resolution shall take effect and be in <br />force from and a ter the earliest period allowed by law. <br />MASSED; -~~~- ~'-c'~J l ~ ~~ <br />ATTEST: <br />E. M. Christ~aa , ounci <br />AFPROVED.: <br />~. <br />Charles . s, y®r <br />