Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1961-07-06

offering the lowest interest
rate, the bonds will be award
ed on such one of said high
est bids as is chosen by lot.
All bids must be accompani-
ed by a bond or check drawn
on and certified by a solvent
bank (Which bank must be
one other than the bidder, if
the bidder is a bank) pay
able to the County, in the a.
mount of one per cent of the
par amount of the bonds bid
for, upon condition that if the
bid is accepted, the bidder
will r eceiVe and pay for
such bonds in accordance
with the terms and provisions
Of this notice, or forfeit the
same as liquidated damages
in the event said condition is
not fulfilled.
Bids shall be sealed and en-
dorSed Bid for Jail Building
Bonds"
The proceedings for this is
sue have been taken under
the supervision of Squire,
Sanders & Dempsey, Bond
Attorneys, Cleveland, Ohio,
whose approving opinion may
be obtained by the successful
bidder at his expense. A COM
plete transcript of proceed
ingS and the printed bonds
will be furnished by the
County, together with a certI-
ficate showing no litigation
pending or threatened at the
time Of the delivery, to en-
join delivery or to contest the
validity of the bonds or the
power to issue them or the
levy or collection of taxes
for their payment.
In the event the interest on
said bonds should by act of
Congress or otherwise be-
come subject to Federal In
come Taxes prior to delivery,
the successful bidder may re-
fuse to accept delivery and
in such event his bond or GER
titled check shall be returned
without interest.
1t is contemplated that the
Board will meet at two
o'clock pm. on the End day
of August, 1861, to consider
said bids and make an award
The bonds will be delivered
at the office of the underSign-
ed, or such other place as
may be agreed on with the
successful bidder; if outside
Of the limits of the County
the bidder shall pay expense
of delivery at that place.
Before making tender of
the bonds at the place of del
livery the County shall give
written notice to the success
full bidder not later than the
third day before the propoS-
ed tender, Of the fact that the
bonds, transcript, nO-litigat-
ion certificate, and approx
ing opinion will be available
for delivery and giving the
date and hour for the tender
at the said place of delivery,
provided however that no
thing herein contained shall
prevent the making of a NUT
ually agreeable arrangement
for the delivery of the bonds
either at the place fixed for
delivery or elsewhere.
If such notice has not been
given or waived by the sue
ceSSful bidder and the bonds.
transcript, NOTIFICATION GER
tificate and approving opinion
are not available for delivery
to the successful bidder at
such place Of delivery on or
before 1900 o'clock noon of
the 30th calendar day after
the day fixed for the receipt
of bids, and the successful
bidder shall not be in default
Of any of his obligations, he
shall have the right thereaf-
ter and SO long as no such
tender by the County shall
yet have been made, to cancel
delivering to the undersigned
Tor to his office during buSin-
eSS hourS) written notice of
the contract Of purchase; /;
such right to be exercised by
such cancellation. Such bid
der shall thereupon be EMIT
led to the return of the depoS-
it which accompanied his bid
and it shall be returned to
him Immediately.
The right is reserved to re-
jeCt bids.
County of Geauga
BY Wilma f. Kronk,