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RESOLUTION N0. ,~ ~'P <br />RESOLUTION ACCEPTING THE BID <br />BY ~ . /~i~- ~~~-c'~G~ OF FOX , REU S CH & CO .FOR BONDS . <br />WHEREAS,bids were duly received for the following Bonds; <br />Shelter House Bonds ~25,OOO.OO <br />and <br />Whereas,said bids were as follows; <br />Fox,Rbusch & Co. <br />Premium X166.00 at 3 3/y.~ interest plus accrued interest. <br />Ryan,Sutherland & Co. <br />Premium ~159.OO at ~~ interest, plus accrued interest. <br />WHEREAS this Council beleaves it would be to the best interest <br />of the ~ity to accept the bid of Fox, Reusch & Co. <br />NOW THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED,OHIO: <br />Section 1. That the bid of Fox,Reusch & Co. for the above <br />mentioned bonds which total ~25,OOO.OO,interest at the rate <br />of 3 3/~.~ per annum,at par and accrued interest plus a premium <br />Of ~166.OO,be and the same is hereby accepted ands said bonds are <br />hereby awarded to Fox,Reusch & Co. <br />Section 2. That the rate of interest on said bonds shall be 3 3/4~ <br />in accordance with said bid. <br />Section 3.~he Clerk of this Council be and is hereby suthori$ed <br />and directed to certify a copy of this Resolution to the Auditor <br />of Cuyahoga County. <br />Section ..This Resolution shall take effect and be in force from <br />and after the earliest period allowed by law. <br />Passed: September ~, 1953. <br /> <br />Attests <br />;~ <br />E . . CH S , rk. <br />Approved <br />Claren .Oviatt,Mayor. <br />.of Council <br /> <br />