The journal. (Caldwell, Ohio) 1934-1961, 1959-12-17
NOTICE OF SALE OF BONDS


undersigned, Clerk of the Board of
Education of Caldwell Exempted Viii
lage School District. herein referred
to as the Board. in the County of
esss Meh oh9 at her office sshoa at caS%s aorh
Street P. o. Box 1907, Caldwell,
Ohio, until 100 p. m. Eastern Standard
Time. on the 18th day of January,
1860 at which time the bids will be
publicly opened and read, for the
aggregate amount of $524 900. auth
orized by resolution adopted Decem-
Der Is, 1859. ..g
Said bonds shall be dated the first
denomination of 81 900 each and shall
, draw interest payable semi-annually
on the first days of June and Decem-
Der of each year beginning June ].
| 1860. at the rate of 4%t per annum.
| Anyone desiring to do so may present
bid for said bonds based upon their
| bearing a different rate of interest.
| but not in excess of 6%S, provided that
| where fractional interest rate is bid.
| such fraction shall be one-ouarter of
| one per cent or a multiple thereof.
| Said bonds mature as follows:
| 500, 600 on December | in each of
the years 1861 to 1888, inclusive.
except $4,000 on December l in
| the years 1861 to 1865. inclusive.
| Said bonds are issued for the pur-
| pose Of constructing a fireproof high
| school building. undermining the exist
ing school buildings. equipping and
furnishing the same, and acquiring
real estate therefore.
| Said bonds are payable at the office
of the legal depositarv of the Board,
presently, The First National Bank of
| Caldwell, Caldwell, Ohio, and are sup
ported by unlimited taxes.
Said bids will be promptly consid-
cred and said bonds will be sold to
the highest bidder offering the lowest
interest rate at not less than par and
| accrued interest. The lowest interest
rate will be determined by calculating
the total interest to stated maturity
| at the rate bid and deducting there
| from the premium bid If each of two
or more bids is the highest bid offer
ine the lowest interest rate, the bonds
will be awarded on such one of said
Clerk by lot All bids must be accom-
panied bv bond or certified check
on a solvent bank (other than the
bidder PAYABLE to the Board. in the
amount of one per cent of the par
amount of the bonds bid for, upon
condition that if the bid is accepted
the bidder will receive and pay for
| such bonds in accordance with the
| terms and provisions of this notice. or
forfeit the same as loudated dam
| ages in the event said condition is not
fulfilled.
Bids shall be sealed and endorsed
Rid for School Improvement Bonds"
The proceedings for this issue have
been taken under the supervision of
SQUIRE, Sanders & Dempsey. Bond At
tornevs, Cleveland, Ohio, whose ap-
proving opinion may be obtained by
the successful bidder at his expense.
A complete transcript Of proceedings
and the printed bonds will be furnish
ed by the Board together with a GER
tificate showing no litigation pending
or threatened at the time of the de-
livery, to enioin delivery or to contest
, the validity of the bonds or the power
, to issue them or the levy or collec-
ton of taxes for their payment
In the event the interest on said
, bonds should by act of Congress or
: otherwise, become. subject to Federal
Income Taxes prior to delivery the
successful bidder may refuse to accept
delivery and in such event his bond or
certified check shall be returned with
out interest.
It is contemplated that the Board
will meet at TOO o'clock p. m. on the
| said bids and make an award.
The bonds will be delivered at the
office of the undersigned, or such
other place as NAV be agreed on with
the successful bidder: if outside of the
limits of the School District the bidder
shall pay expense of delivery at that
place.
Before making tender of the bonds
| dt lfle place OF QellVeTy tne BOarQ
| shall give written notice to the sue
cessful bidder not later than the third
day before the proposed tender. of the
fact that the bonds transcript, no-liti-
cation certificate, and approving opin-
ion will be available for delivery and
| giving the date and hour for the ten
| der at the said place of delivery, pro-
| vided however that nothing herein
contained shall prevent the making of
mutually agreeable arrangement for
| the delivery Of the bonds either at
the place fiXd for delivery or else
| where.
If such notice has not been given
or waived by the successful bidder
. and the bonds, transcript, notification
certificate and approving opinion are
not available for delivery to the sue
! ceSsful bidder at such place of de-
livery on or before 200 o'clock noon
I OF the 3Oth calendar day after the day
fixed for the receipt of bids, and the
successful bidder shall not be in de-
l fault OF any of his obligations, he shall
: have the right thereafter and SO long
, as no such tender by the Board shall
yet-haVe been made, to cancel the con-
tract OF purchase; such right to be
exercised by delivering to the under.
. signed Cor to his office during busi.
b ness hours) written notice of such
}. cancellation. Such bidder shall there.
lie upon be entitled to the return of the
deposit which accompanied his bid anc
w II snail be returned to him immediate.
o. ly.
Inc right is reserved to reject bids
Board of Education Of the
Caldwell Exempted Village
School District