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

InaTuOQ, OulO, unbl 1I.Uu uoOLl
Easter Daylight Saving Time |
(11:O0 am. Eastern Standard
Timel, on the 18th day of Octo-
Der, 1858, at which ime the
bids will be publicly opened and
read, for the purchase of bonds
of said Township in the aggre-
gate amount of SIS, 1856.
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. In the
denomination of 1896, 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 4
percent annum, but anyone de-
string to do so may present a
bid for said bonds based upon
their bearing a different rate of
| interest, provided that where a
fractional interest rate is b i'd,
such fraction shall be one
quarter of one per cent or a
multiple thereof.
Said bonds mature as follows: ::
$5986 on December /, 1860 and
$4,000 on December /, 1861 to
1868 inclusive.
Said bonds are issued in anti
cipation of the collection of Spe-
cial assessments to pay the cost
of improving Eastwood, Wilbert
Orchard, Lakeview, Parkside
Edgewood, Chestnutdale, Map
lewood, Overlook, Brookside
Springway, Sycamore, Rockside
and the extension of LakevieU
between Edgewood and Rock
side by paving the same with
bituminous blacktop material.
Said bonds are payable at the
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 thu
, highest bidder offering the low
+ est interest rate at not les
than par and accrued interest
a If each of two or more bids i
. the highest bid offering the low
! est interest rate, the bonds vii
be awarded on such one of sai'
2 highest bids as is chosen by tn
f said Clerk by lot. All bids mus
t be accompanied by a bond o
( certified check on a SolVen
f bank (other than the bidder
payable to said Township, in tn
r amount of one per cent Of tn
n par amount of the bonds herei
r offered, upon condition that
r the bid Is accepted, the bidde
= will receive and p ay for sue
= bonds within reasonable tim
h after the award thereof or fol
# felt the same as liquidated dan
A. ages in the event said conditio
Is not fulfilled.
!. Bids shall be sealed and el
# dorsed bid for Road Improve
J. ment Bonds.
l. The approving opinion {
= Squire, Sanders and DempSe.
Bond Attorneys, Cleveland, Oh
J. o. may be obtained by the su,
= ceSSful bidder at his expense.
It complete transcript of preceeC
r ings and the printed bonds wi
ii be furnished by the Township
j. together with a certificate Shoy
ing no litigation pending
It threatened at the time Of the d.
e livery, to enjoin delivery or
It contest the validity of the bono
r or the power to issue them {
Y the levy of taxes for their pa,
s. ment.
In the event the interest {
Ie said bonds showed by act
v Congress become subject
n Federal Income Taxes prior
If delivery, the successful bidd'
le may refuse to accept deliver
st and in such event his bond I
,e certified check shall be retur
ID ed without interest.
le 1t is contemplated that sa
st Board will meet at 8 o'clot
1r pm. Eastern Daylight Savi1
Mt Time on the 18th day Of Octobe
~ 1858, to consider said bids al
le make an award.
le The right is reserved TO reje
in bids.
if Township of Munson
er Geauga County, Ohio
n BY Jack Mcdonald, Clerk
,e Sc