Madison County Democrat. (London, Ohio) 19??-1958, 1951-01-30
ORDINANCE NO. CTS

a RESOLUTION DIRECTING
THE CLERK OF THE VILLAGE
or LONDON, TO PUBLISH NOTICE
TO BE ISSUED IN ANTICIPATION
OF THE COLLECTION OF SPEC
IAL ASSESSMENTS
Whereas, Council proposed to is
sue and sell bonds TO be paid by
tain abutttng property owners as
referred to in Ordinance No. 974
heretofore passed and,
Whereas. Council has determined
to sell such bond issue TO the high
est bidder following publication OF
notice of sale as provided by law
and as hereinafter provided.
Now, therefore. be it Resolved by
Council Of the Village Of London,
Ohio:
SECTION /:
That the Clerk Of said Village is
hereby authorized and directed to
cause notice of the sale of bonds
in the amount of Three Thousand
Eight Hundred S(3,S00.00J Dollars
IS provided by law
SECTION .
That such notice Of sale shall be
substantially in the following form
NOTICE OF SALE OF BONDS
Sealed proposals viii be received
at the office of the Clerk Of the
Village of London, state of Ohio,
airy %, 1851, for the purchase of
bonds Of the said Village, in the
aggregate sum Of Three Thousand
Eight Hundred S(3,S0000) Dollars,
dated January !, 1851. Said bonds
viii be consecutive in number and
numbered from 200 to 209. both in
elusive Each of said bonds viii be
of the den onination Of 100000 eX-
eepting bond No. 200 with date OF
maturity October /, 1861, which viii
l. T.4 n g. 4
will draw interest at the rate of
not to exceed 4@a per annum, pay
able semi-amually on the first days
Of April and October of each year
upon presentation and surrender of
the interest coupon to be attached
do SO may present a bid or bids for
said bonds based on their bearing
different rate Of interest than
that herein above specified. proyid-
ed that where a fractional interest
rate is bid such fractional shall he
one quarter Of 1es or multiple
thereof Said bonds will be num-
hered and payable as follows: No.
200 on the 1st day of October,
1852; No. POI on the 1st day Of Oc-
Of October, 1854 No. 203 on the
1st day Of October 1855; No. 204 on
the LIST day Of October, 1856; No.
205 on the 1st day Of October, 1857:
No 206 on the 1st day of October,
1858; No. 207 on the 1st day of Oc-
tober. 1853: No POS on the 1st dav
of October 1860: No. 209 on the 1st
daS@of October, 1861.
Said bonds will be issued for
the purpose of raising money in
anticipation of the collection of
special assessments for the i'm
provement Of Chandler Avenue in
said VILLAGE by the construction of
a sanitary sewer from the intersec-
tion of Park Avenue and Chandler
Avenue in a northerly direction to
the noFtherly boundary of Lot No 1
in George r. Wiekline's subdivision
in accordance with Resolution No.
$50, passed on the 14th day of
July. 1918 and Ordinance No. 500.
passed on the 3rd day Of Septem-
Der, 1913.
highest bidder for not less than the
face value thereof and accrued in
All bids must state the number
Of bonds for and the gross amount
of bid and accrued interest to date
of delivery. All bids To be accom-
check payable TO the Village for
s32E.00 upon condition that e the
hid IS issued as above set forth.
within thirty 800 aaYs from the
time Of said award Said bond or
said check to be retained bg the
Village aforesaid if such condition
is not fulfilled. Provided, however.
that the buyer Of said bonds i I'M
der no obligation TO purchase same
sf4ftff the transcript pertaining to
the proceedings relative to the is
saanca Of said bonds IS approved
hV Squire. Sanders and Dempsey.
Bond Attorneys, Cleveland. Ohio.