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CITY OF NORTM OLMSTED <br />RESOLUTION N0. 64 - ? <br />e . <br />BY: <br />- <br />A RESOlUT10N CONFIRMIMB TME AMARO ANp SALE OF NOIl1'1! <br />OLMSTEO MUNICIPAL dUS PURCIiASE SONOS. ANO QECWIING <br />AN EMERGENCY. <br />MMEREAS, The Dtrectot of Financ• has reported that following <br />dw pubitcation of notic• of sol• of the issw of dus Purchase bonds , <br />authorized by Ordinance No. 63 • 250. bids were recoived by htm at <br />seven-thlrty P.M. on the 7th dar of January, 1964, for the pumfias• of <br />said bonds, and that ho has determined that the bid of <br />for said bonds, as foilows; <br />P r 1 nc i pa I Aaoun t In=",? ryn- i ua? <br />a101.3?.00 6us Pu?has• Bonds 3 8 '? ???D? <br />constttutes the highest bid receIved aased upon tho lowest intersst <br />rate, and that h• has accordingly awarded the bonds to soid biddsr subject <br />ta con f i rmat 1 on ay Cowm 11. <br />NOM, THEREFORE. SE IT RESOLV ED by the Councll ot the City of <br />North Oimsted, Stat• of phto: <br />iKtt . that the awiM arde by th? 0lnctor of Flna?e• to <br />, for tho purchas• ot the aforesaid tssw <br />o;i 1.300.00 `us Purchas• Dmdt. wlth premiwm and Intertst rates a: <br />abov• rectted bo and the same is hereby conf(rmed and approved. <br />Section 2. That said bonds, aftar being duly eucecuted and <br />slgned according to law and according to the ordinance authorizing the <br />sann but b"ring tho rate of intsrsst provided tMrefor in said accepted <br />bid b• delivered by the Director of Finance, togethsr with a true <br />transcrtpt and statemnt of nst indobtednsss, certifted by the Clark of <br />Councll. and such other Infornrtion as is provided by law. <br />Ssction 3: That the Clork of Counctl Is hereby dtrected to <br />csrtify a copy of this resolutlon to the County Audttor •s requtred by <br />? Section 133.36 of tho Revlsed Cod• of Ohio. <br />Sectlon 4. That this Rssolution Is haroby declared to be <br />and worgumy nwasure necassary for the presenration of the paace, <br />health and safety of the Cttr and its inhabitants and for the furiher <br />r"son that conplotlon of sal• of the bonds htrainabovi nNnttoned Is <br />essentiai to pposewe tle_anMlt of,t!»•_CdtY; wHEREFORE, thls resolution <br />shall taice •ff*ct and ba In force innwdlately upon Its pnsago, othernist. <br />a t the "r i i"t per1 od a) I owed by I aw. <br />PASS ED• <br />ATTEST: <br />C 1ork of CourK i! Fromi s J. 0' 11ei l 1, prq tdont of Counc t 1 0 <br />A??ROY ED: <br />?__..._._. <br />M i ph E. Ch r 1 s tnrn . lliror