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

Robert B. Ford
Judge of the Probate Court
3c38
Notice of Sale of Bonds
Sealed bids will be receiv-
ed by E. L. Johnson, Clerk of
Parkman Township, eauga
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 Q1:00
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 =
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 denom-
ination of $467 and bonds Nos. 2
and 3 in the denomination of
$500 each, shall draw interest
payable semi-annually on the 1st
days of June and December of
each year beginning June l.,
1859, at the rate of 4 percent per
annum, but anyone desiring to
do so may present a bid for
said bonds based upon their
bearing a different rate of inter-
est, provided that where a frac-
tional interest rate Is bid, such
fraction shall be one quarter of
one per cent or multiple there
of.
Said bonds mature as follows:
5000 on December ] in each OF
the years from 1860 to 1868, in
elusive except $467 on Decem.
ber 1860 and except $500 on De-
cember l, 1860 and 1862.
Said bonds are issued in anti
cipation of the collection of Spe'
cial assessments to pay the cost
of improving Church and Center
Streets between certain termin
by paving the same with bi
luminous blacktop material.
= Said bonds are payable a
the legal depositary Of the
Township, presently The Firs
National Bank of Burton, Bur
: ton, Ohio, and are supported BY
= limited taxes and special as
= sessments.
. Said bonds will be sold to tht
: highest bidder offering the low
= est interest rate at not less THAI
. par and accrued interest. I
: each of two Or more bids is thu
= highest bid offering the loves
/ interest rate, the bonds will b.
s awarded on such one of sait
y highest bids as is chosen by thu
: said Clerk by lot. All bids mus
:, be accompanied by a bond o.
= certified check on a Solven
e bank (other than the bidder
!. payable to said Township, in th'
e amount of one per cent of tn
S par amount of the bonds herein
: offered, upon condition that
|, the bid is accepted, the bidde
e will receive and pay for sue
}. bonds within a reasonable tim
e after the award thereof or for
e felt the same as liquidated dam
e ages in the event said conditio
d is not fulfilled.
If Bids shall be sealed and er
$ dorsed bid for Road Improve
ment BondS.''
If The proceedings for this issu
4, have been taken under the SUP
n erviSion of Squire, Sanders
n D e m p ey, Bond Attorney.
ID Cleveland, Ohio, whose approx
j. ing opinion may be obtained b
Is the successful bidder at his e3
r pense. A complete transcript {
|; proceedings and the printe
i3 bonds will be furnished by tn
IS Township, together with a cel
4 tificate showing no litigatio
lie pending or. threatened at tn
n time of the delivery, to enjoi
,e delivery or to contest the valid
TO ty of the bonds or the power |
d. issue them or the levy or take
a- for their payment.
rs In the event the interest Q
4 said bonds should by act of Coz
c. gress Become subject to Fede.
re al Income Taxes prior to deli
g. cry, the successful bidder ma
refuse to accept delivery and
n such event his bond or certifie
I'd check shall be returned withol
/; interest.
IL It is contemplated that sal
r. Board will meet at s o'cloc