Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1905-02-03
NoTlcT OF SALE OF BONDS.

sealed proposals VIII be received at
the Office OF the clerk OF the incorpor-
ated' Village of Perrysburg, State of
Ohio, until II o'clock noon. Standard
Time, OF Wednesday, March 1st, 1905,
tor the purchase of bonds of said viii
large, in the aggregate sum OF five
thousand, two hundred and ninety
three dollars and sixty tour cents
(S529364). Said bonds shall be num-
bered IRON L to 5 inclusive. Said
bonds IRON number / to inclusive
shall be in denominations OF one
thousand dollars (S1O00OO) each, and
number 5 of said bonds shall be in
tie denomination OF one thousand,
two hundred and ninety-three dollars
and sixty. our cents ($l293.64.) Said
bonds shall be dated March lst, 1905,
and shall run for a period OF fifteen
l15) 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 ana 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, 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 a 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 corporation s
part of the cost and expense OF grad
ing, draining, cuTbing 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 (5) 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 II
not accompanied by money or CHECK
as aforesaid. When the bids have
been examined and the award made
according to law, all moneys or 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 ol
sold; and said guaranty shall accord
tngly be Immediately paid into the
treasury of the Village of Perrysburi
by the Clerk: and should there bt
any reputation of the contract ol
agreement, or refusal to accept or pay
for the bonds so sold. then in tha
case the deposit shall be forfeited t.
the village of PeFrysburg and shall
become the property of the said Vii
lage of Perrysburg in compensation
for the loss and expense attending tn,
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 righ
to reject any and all bids.
Bids should be sealed and endorsed
Bids for $...... General Stree
Improvement Bonds"
Il. M. FRANEY,
January 9th, 1905. Clerk.