Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1958-10-02
Notice of Sale of Bonds

Notice of Sale of Bonds
Sealed bids will be receiv-
ed by E. L. Johnson, Clerk of
Parkman Township, G a ug a
County, Ohio, in his place OF
business, Johnson Hardware, on
the west side of State Route No.
88, approximately 100 feet north
of the intersection with US.
Route No. 422 in Parkman
Township and Geauga County,
Ohio, and the post office address
for said place of business is
Johnson's Hardware, Parkman,
Ohio, until 1900 noon Eastern
Daylight Saving Time Q1:0O
am. Eastern Standard Time) ,
on the 10th day of october, 1858,
at which time the bids will be
publicly opened and read, for
the purchase of bonds of said
Township in the aggregate a =
mount of $5,067.
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 5000 each
except bond No. / in the demon.
ination of $467 and bonds Nos.
and 3 in the denomination Of
$500 each, shall draw interest
payable Semi-annually on the Isl
days of June and December o.
each year beginning June l
1859. at the rate of 4 percent pei
annum. but anyone desiring II
do so may present a bid fol
said bonds based upon theiI
bearing a different rate OF inter
est, provided that where frac
tional interest rate is bid, Sucl
fraction shall be one = quarter o
one per cent or a multiple there
of.
Said bonds mature as follows
5000 on December / in each o
the years from 1860 to 1868, In
elusive except $467 on Decem
Der 1860 and except $500 on De
cember /, 1861 and 1862.
Said bonds are issued in anti
cipation of the collection of spe
cial assessments to pay the cos
of improving Church and Cente
Streets between certain termin
by paving the same with b1
luminous blacktop material.
Said bonds are payable a
the legal depositary of tn
Township, presently The Firs
National Bank of Burton, Bur
ton, Ohio, and are supported b,
limited taxes and special as
SesSments.
Said bonds will be sold to tn
highest bidder offering the low
est interest rate at not less tina
par and accrued interest.
each of two Or more bids is tn
highest bid offering the loves
interest rate, the bonds will b
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 G
certified check on a solver
bank (other than the bidder
payable to said Township, in tn
amount of one per cent of tn
par amount of the bonds herei
offered, upon condition that
the bid is accepted, the bidde
will receive and pay for sue
bonds within a reasonable tim
after the award thereof or TO
felt the same as liquidated dan
ages in the event said conditiC
is not fulfilled.
Bids shall be sealed and e.
dorsed Bid for Road Improv
ment Bonds" ="
The proceedings for this iSsr
have been taken under the Su
ervision of Squire, Sanders
De m p ey, Bond Attorney
Cleveland, Ohio, whose appro
ing opinion may be obtained /
the successful bidder at his e.
pense. A complete transcript
proceedings and the printe
bonds will be furnished by Il
Township, together with a ce
tificate showing no litigatit
pending or threatened at Il
time of the delivery, to enjo
delivery or to contest the valic
ty of the bonds or the power
issue them or the levy or tax
for their payment.
In the event the interest I
said bonds should by act of Co
gress become subject to Fede
al Income Taxes prior to deli
cry, the successful bidder m;
refuse to accept delivery and
such event his bond Or certifi
check shall be returned Witho
interest.
1t is contemplated that Sa
Board will meet at 8 o'clo
pm. Eastern D aylight Saw
Time on the 10th day of Octobt
1858, to consider said bids al
make an award.
The right is reserved to I
ject bids.
Township of Parkman,
Geauga County, Ohio
By E. L. johnson, Clerk