Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1958-09-18
Notice of Sale of Bonds

Notice of Sale of Bonds
Sealed bids will be received
by Jack Mcdonald, Clerk of
Munson Township, eaug a
County, Ohio, at his place of
employment, The Chardon Saw
ings Bank Co., on the corner o1
Center and North Streets in the
Village of Chardon, Ohio, and
the post office address for said
Chardon Savings Bank Co. is
Chardon, Ohio, until 1900 noon
Easter Daylight Saving Time
(11:00 am. Eastern Standard
Time), on the 18th day of Octo,
ber, 1858, at which t ime the
bids will be publicly opened and
read, for the purchase of bonds
of said Township in the aggre'
gate amount of $53, 1886.
Said bids will be promptly
considered by the Trustees Of
said Township.
Said bonds shall be dated the
1st day of October, 1858, shall be
in the denomination of $1,000
each except bond No. l in the
denomination of 1886, shall draw
interest payable semi annually
on the 1st days of June and De
cember of each year beginning
June /, 1859, at the rate of
! percent annum, but anyone de
string to do so may present 6
bid for said bonds based upor
their bearing a different rate o.
interest, provided that where {
fractional interest rate is b i'd
such fraction shall be one
quarter of one per cent or {
multiple thereof.
Said bonds mature as follows
$5986 on December /, 1860 anc
$4,000 on December l, 1861 tt
1868 inclusive.
Said bonds are issued in anti
cipation of the collection of spe
cial assessments to pay the cos
of improving Eastwood, Wilbert
Orchard, LakevieW, ParkSide
Edgewood, Chestnutdale, Map
lewood, Overlook, Brookside
Springway, Sycamore, Rocksid'
| and the extension of Lakeviev
between Edgewood and Rock
side by paving the same will
bituminous blacktop material.
Said bonds are payable at tn,
legal depositary of the Town
ship, presently the Chardon Saw
ings Bank Co., Chardon, Ohio
and are supported by limited
taxes and special assessments.
Said bonds will be sold to tn
highest bidder offering the low
est interest rate at not les
than par and accrued interest
If each of two or more bids /
the highest bid offering the low
est interest rate, the bonds vii
be awarded on such one of sal
highest bids as is chosen by tn
said Clerk by lot. All bids mus
be accompanied by a bond O
certified check on a Solven
bank (other than the bidder
payable to said Township, in tn
amount of one per cent Of tn
par amount of the bonds hereiI
offered, upon condition that /
the bid Is accepted, the bidde
will receive and p ay for sue.
bonds within a reasonable tim
after the award thereof or for
felt the same as liquidated dam
ages in the event said conditio
is not fulfilled.
Bids shall be sealed and er
dorsed bid for Road Improve
ment Bonds.
The approving opinion {
Squire, Sanders and Dempsey
Bond Attorneys, Cleveland, oh
o, may be obtained by the SUI
cessful bidder at his expense.
complete transcript of proceed
ings and the printed bonds wi
be furnished by the Township
together with certificate shoV
ing no litigation pending {
. threatened at the time of the d.
livery, to enjoin delivery or
contest the validity of the bono
or the power to issue them {
/ the levy of taxes for their pa,
, ment.
In the event the interest {
said bonds showed by act
' Congress become subject
Federal Income Taxes prior
, delivery, the successful bidd'
. may refuse to accept deliver
and in such event his bond
! certified check shall be returl
f ed without interest.
e It is contemplated that sa
t Board will meet at 8 o'clot
e pm. Eastern Daylight Savir
/ Time on the 18th day of Octobe
. 1858, to consider said bids ar
{ make an award.
r The right is reserved to reje
t bids.
J Township of Munson
e Geauga County, Ohio
~I~,.Iy