Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1957-08-15

(11:00 o'clock am. E st rn
Standard Time), on the 29th
day of August, 1857, at which
time the bids will be publicly
opened and read for the pur-
chase of the following issues of
bonds of said Village aggregat-
ing $138, 500:
l. $50, 900 Sewage Improve :
ment Bonds of the denomination
of $1,000 each, issued for t h e
purpose Of acquiring easements
for and constructing Sc wer
mains, improving, enlarging and
remodeling the sewage disposal
plant and purchasing laboratory
equipment therefor, maturing on
December first at the rate of
81, 900 from 1859 to 1857, inclus-
i've, bearing interest at the rate
of four and one half per CEN
tum per annum, and supported
by limited general taxes.
2. $102 500 Street Improvement
Bonds of the denomination of
$1,000 each except Bond No. l
which shall be of the denomin-
alton of $500, issued in antici-
patton of the collection of spec
ial assessments to pay the prop
erty owners portion Of the cost
of improving Maple Avenue,
Chardon Avenue, Maple Avenue
Extension, Memorial Drive and
Daniels Drive, by paving, grad
ing, curbing and installing storm
sewers together with all neceS-
sary appurtenances thereto, ma
turing on December first at the
rate of $11, 500 on December l
1859; $11, 900 on December l
in each of the years 1860 to
1864, inclusive; and $12, 900 on
December / in each of the years
1865 to 1867, inclusive, bearing
interest at the rate of four and
one half percentum per an
mum, and supported by special
assessments and limited gen.
eral taxes.
All of said bonds shall be
dated the first day of Septem-
ber, 1857, shall draw interest
payable semi annually, begin
ming December /, 1857, Prin-
cipal and interest on said bonds
shall be payable at the legal de-
positary of the Village, present
ly the Chardon Savings B a k
Company, Chardon, Ohio.
Bids shall be made only for
"all or none" Split rate bids
on a single issue will not be
considered but different rates
may be bid for the respective
issues and at rates other than
hereinbefore mentioned, provid-
ed that fractional rates shall be
In multipleS of one quarter per
cent.
Said bonds will be sold to the
highest bidder offering the low
est interest rate at not less than
par and accured interest. A l
bids must be accompanied by
a bond or certified check on a
solvent bank payable to the said
Village of Chardon, in the am
cunt of one per cent of the par
amount of the bonds bid for, up
on condition that If the bid is
accepted, the bidder will re-
ceive and pay for such bonds
within reasonable time after
the award thereof or forfeit the
same as liquidated damages in
the event said condition Is not
fulfilled.
Bids shall be sealed and en-
dorsed IBID for Village of Char
don Improvement Bonds"
The proceedings for this is -
sue have been taken under the
supervision of MesSrs. Squire
Sanders & Dempsey, Bond A T.
torneys, Cleveland, Ohio, whose
approving opinion may be OBJ
tained by the successful bidder
at his expense. Complete trans
cripts of proceedings and h
printed bonds will be furnished
by the village. /
Said bonds will be awarded at
a meeting of the Council of said
Village to be held at 800 o.
clock pm. Eastern Daylight Sa-
wings Time on the 29th day OF
August, 1857, or at any adjourn
ment thereof.
The right is reserved to re-
ject bids. al
VILLAGE OF
CHARDON, OHIO