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Section 3. That said bonds shall be first offered at par <br />and accrued interest to the Treasurer and Officer in charge of the <br />Sinking Fund and if said Treasurer and Officer refuse to take any or <br />all of said bonds, then said bonds not so taken shall be advertised <br />for public sale and sold in the manner provided by law, but not for <br />less than their par value and accrued interest; the bond sale ad- <br />vertisement shall state that any one desiring to do so, may pres®nt <br />a bid or bids for such bonds based upon their bearing a different rate <br />of interest than hereinbefore fixed, provided, however, that mare a <br />fractional interest rate is bid, such fraction shall be ane-quarter of <br />one per cent or multiples thereof; the proceeds from the sale of said <br />bonds, except the premium and accrued interest shall be used for the <br />purpose aforesaid and for no other purpose. <br />Section 1~.. The Clerk of this Council is hereby directed to <br />forward a certified copy of this Ordinance to the ounty Auditor. <br />Section 5. This Ordinance is hereby declared to be an emer- <br />gency measure necessary for the public health, peace and safety and <br />to provide immediately for the rapa~r,artd.~~zt:ng the ~nicipal <br />shelter house in the North Olmsted City Park and erecting an addition <br />to said shelter house, which is owned by the pity of north Amsted, <br />used by the general public and is of non-fireproof construction. <br />PASSED : - ~~ ~' 19 53. <br />ATTEST ~,. <br />.~.:. ..--~'""'" r-'"' <br />._ <br />E. . Christman, erk of ouncil E. W. Baumgardner, res. of Council <br />APPROVED : <br />larence' ~ Oviatt, yor <br />> ~`~ f <br />,~~~~ ~' <br />