Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1879-03-07
THE THING ITSELF,
ALL DONE IN ONE DAY, JUNE Is, 1878!
sGO, 900! Or More irNecessnry
Contract with Geo. VIM. Bal
lou Il Co., Bankers.
$4,000 Of the Peoples Money Paid for the
Expense Of Negotiating and Commissions.
what are Won Going 10 d o AbOutIt.
AUDIroR's OFFICE, Woob Co.. !

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what are Won Going 10 o Aboutitl
AUDIToR's OFFICE, WooD Co.. \
BOWLING GREEN, o., June Is, '7S
BE 1t remembered that on the 18th day
OF June, A. D., 1878, at a special session of
the Commissioners in and for the county
Of Wood and State of Ohio, there being
present James II. Pierce, Joshua HOLES
aud Nathan w. Stafford, Commissioners,
and S. Case, Auditor, the following pro-
ceedings were had and order made to-
wit:
IN THE SALE OF COUNTY BONDS
WHEREAS, There is large amount OF
ditching being done IN this county under
and by virtue of law, passed April Ilth,
1876, entitled, An act to provide for the
Strengthening, cleaning out, widening,
deepening and otherwise improving GER
tain bitches, drains and water-courses in
Wood county, Ohio" and the supplement
tary act, and amendatory acts thereto, and
section six of said act, having made pro
visions for the issue of the bonds of the
county to raise funds tor the purpose Of
making said improvements; On motion
of N. w. Stafford it is hereby orderered
that this board proceed to negotiate loan
of sixty thousand dollars (S6O,OOO) or
more if necessary, for the purpose of
making said improvements, and for this
purpose this board issue the bonds of this
county as provided for in the law above
referred to.
Voting aye, Messrs. Pierce, HOLES and
Stafford. Nays, none.
In pursuance of the foregoing order, the
Commissioners in and for the county of
Wood aud State of Ohio, negotiated loan
Of sixty Thousand dollars (6O,OOO) on the
18th day of June, A. d. 1873, for the con.
struction Hnd Improvement OF certain
bitches in said county.
The conditions of said loan are set
forth in contract, made and entered into
by and between the Commissioners of
Wood county, Ohio, and George Wm. Bal.
lou & Co. OF New York CITY and Boston
which is on file in the Auditors Office Of
said county. The following is correct
copy OF said contract, to-wit:
This agreement made and entered into
this 10Th day of June, 1873, between the
county OF Wood in the State of Ohio, by
lts Board of County Commissioners duly
authorized, parties of the first part, and
George VIM. BallOu & Co., Bankers, of
New York and Boston, parties of the sec.
ond part pitnesse h, that
WHEREAS, The said county of Wood
has undertaken certain ditch improvements
and Tor the purpose of raising money
to complete the same it is necessary to
issue and sell county bonds.
Now, therefore, the said party of the
hrst part IN consideration of the premises
and for the purpose afOr' said, does hereby
agree to issue and sell to the party of the
second part, the bonds Of the said county
OF Wood 10 the amount of sixty thousand
dollars; said bonds 10 bear date July lst.
1873, and payable in six seven, eight. nine
and ten years. averaging eight wears after
the first day of March, 1878, with interes,
thereon Mt the rate of seven per cent. per
annnm, to be paid annually on the lst dav
OF March,in in each and every year, both prin.
ciple and interest, to he PAYABLE at the
Banking house of Geo. VIM. BalIon & Co.
in the city of New York, on the following
terms aud conditions, viz: That for each
and every one thousand dollars herein
described; the said party OF the first part
is to receive, and on the delivery of said
bonds to them, the said party Of the second
part are to pay par, or one thousand dol
lars Tor each one thousand dollars Of bonds
80 delivered, provided however, that the
SAID party Of the second part will paw, in
addition to the price above named the
accrued interest from the lst day Of August,
ln hn Infa ,f Al. 1
bonds after that date; and it is further
agreed by the party of the second part,
that they will in any event receive and
pay for at least twenty thousand dollars
(S2O,OO0) of said bonds on the LIST day of
every month, and including August first.
and /; is further agreed bv the party of the
first part that the party of the second part
shall have the privilege of taking all Of
said bonds when Issued, or any of them at
any time as they may he wanted in excess
OF the monthly installments above mem
TONED. Said bonds are To he legal in
every respect and Issued under authority
OF the Act passed by the General Assembly
OF the State of Ohio. April Ilth, 1876. rel.
alive To Wood c0unty bitches, and subse-
qnent amendments thereto.
Bonds to he signed as soon as ready and
issued Os called for.
Now, therefore, in consideration of the
sale OF said bonds, the said party Of the
first part hereby agrees aud binds itself to
pay to the said party of the second part
the sum Of 8 per cent. Of said bonds, or
three thousand dollars, rs commission,
aud to cover the expense incurred by the
negotiation.
In witness whereof the said Board Of
Commissioners of Wood county in hehalf
of the county, aud George VIM Ballou e.
Co, by their duly constituted attorney
have hereumtn set their hands this l5lh'
day Of June. 1879.
]. II. PIERCE, \ Commissioners
'S n ". STAFFORD. .lPlrrsi Wood @ Co. O.
George Wm. Ballon & Co., per G. II |
Venner attorney