The journal. (Caldwell, Ohio) 1934-1961, 1959-12-24
NOTICE OF SALE OF BONDS

Sealed bids will be received by the
| undersigned, Clerk of the Board o.
Education of Caldwell Exempted Vii.
| iage School District, herein referred
| TO as the Board, in the County OF
| Noble, Ohio. at her office at Caldwell
| Helghts Elementary School, North
| Street, (P. o. Box 1907, Caldwell
| Time, on the 18th day of January
1860; at which time the bids will be
publicly opened and read. for the
purchase of bonds of the Board in the
aggregate amount of S524, 900. auth
orized by resolution adopted Decem-
Der Is, 1859
Said bonds shall be dated the first
da" of January. 1850, shall be in the
denomination of 81 900 each and shall
draw interest payable i-annually
on the first days of June and Decem-
Der of each year beginning June /
1860, at the rate of 4cS 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 SO, provided that
where a fractional interest rate is bid
such fraction shall be one-quarter of
one per cent or multiple thereof.
Said bonds mature as follows:
S23,000 on December / in each of
the years 1861 to 1888, inclusive.
except SZZUUU on December |
the years 1861 to 1868 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 depositary of the Board.
presently, The First National Bank of
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
ing the lowest interest rate. the bonds
will be awarded on such one of said
highest bids as is chosen by the said
Clerk by lot. All bids must be accom-
panied by a bond or certified check
on 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 liquidated dam
ages in the event said condition is not
fulfilled
BIDS shall be sealed and endorsed
Bid for School Improvement Bonds" ."
The proceedings for this issue have
been taken under the supervision Of
Squire, Sanders & Dempsey, Bond At
torneyS, 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
II is contemplated that the Board
will meet at 100 o'clock p m. on the
18th day of January, 1860, to. consider
said bids and make an award.
The bonds will be delivered at the
other place as may 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
at the place of delivery the Board
shall give written notice to the sue
cessfuI 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 al 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, no-Iitigation
certificate and approving opinion are
not available for delivery to the sue
cessful bidder at such place of de-