Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1905-02-10
NoTIcr OF SALE OF BONDS.

sealed proposals VIII De received at
the Office OF the clerk of the incorpor.
ated Village of Perrysburg, State Of
Ohio, until IL O'Clock noon. Standard
Time, of Wednesday, Marck 1st, 1906,
tor the purchase of bonds of said viii
large, in the aggregate sum of five
thousand, two hundred and ninety
three dollars and sixty four cents
($5293.64). Said bonds shall be num-
bered from 1 to 5 inclusive. Said
bonds from number to 4 inclusive
shall be in denominations of one
thousand dollars (S1000.00) each, and
number 5 of said bonds shall be in
the denomination of one thousand,
two hundred and ninety-three dollars
and sixty-1our cents ($129364.) Said
bonds shall be dated March 1st, 1905,
and shall run for period of fifteen
(15) years; and be made payable at
the Fourth National Bank in the City
of New York, state of New York, with
interest from the date thereof. at the
rate of five (5) per cent per annum
payable semi-annually, on the first
DAY of September and March of each
year, at the same place, issued for
the purpose of paying said villages
share of the cost and expense of grad
ing, draining, curbing and macadamiz-
ing Front street from the East line OF
Hickory street to the West line OIL
West Boundary street, and under and
by authority conferred by Section So
of an act of the General Assembly of
the State of Ohio. entitled IAN act to
provide for the organization of cities
and Incorporated villages and to re-
strict their powers of taxation, as
sessment, borrowing money, contract
ing debts, and loaning their credit so
as to prevent the abuse of such pow
ers, as required by the statutes OF
Ohio, and to repeal all sections of the
Revised Statutes inconsistent here
with" passed October 22d, 1902, and
under and in accordance with GER
tain ordinance of said Village entitled
AN ordinance to provide for the issue
of general street improvement bonds
of the incorporated village of Perrys-
burg, Ohio, to pay said corporations
part of the cost and expense OF grad
ing, draining. curbing and macadamiz
ing Front street from the East line
of Hickory street to the West line OF
West Boundary street." passed Octob-
er 18th, 1904.
Said bonds will. be sold to the high
est and best bidder for not less than
par and accrued interest.
All bidders will be required to state.
in addition to par and accrued inter
est, such premium as they may offer,
the amount Of said premium to be
specified plainly In writing. They will
also be required to deposit with their
bid an amount OF money or certified
check drawn without condition as to
payment on the Citizens Banking
Company, of Perrysburg, Ohio, pay.
able to the Treasurer of said village.
equal to at least five CD per cent of
the par value of the bonds, as guar
antee of good faith, and that If the
bid is accepted the bidder will re-
ceive and pay for such bonds as may
be issued as above set forth within
ten (10) days from the time of such
award. No bid will be considered IL
not accompanied by money or check
as aforesaid. When the bids have
been examined and the award made.
according to law, all moneys, OF checks
deposited as guaranty. shall be return
ed to the depositors, except that of
the successful bidder which shall be
considered and accepted as part pay
ment for the bonds so awarded or
sold; and said guaranty shall accord
ingly be Immediately paid into the
treasury of the Village of Perrysburg
by the Clerk: and should there be
any repudiation of the contract or
agreement. or refusal to accept or pay
for the bonds 80 sold. then In that
case the deposit shall be forfeited to
the village of Perrysburg and shall
become the property OF the said vii
lage of Perrysburg In compensation
for the loss and expense attending the
sale of said bonds, not by way of PEN
atty, but as damages for the repudia-
tion of the bid.
The Council of the incorporated VII.
lage of Perrysburg reserves the right
TO reject any and all bids.
Bids should be sealed and endorsed
Bids for $........ General Street
Improvement Bonds"
T. M. FRANEY,
Tanuar.. O7th 1anE ~,,-S