Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-04-05

that if the bid is accepted, the
bidder will receive and pay
for such bonds in accordance
with the terms and provisions
Of this not ic e. No bank
bidding for such bonds shall
file it's own cashiers or offic-
iarS check, nor a check GER
titled by it. Such security
shall be held by the Board un-
used pending delivery of the
bonds and forfeited as full
liquidated damages in the
event of default by the sue
cessful bidder.
The proceedings for this
issue have been taken under
the supervision of S qu + e,
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 t h e
Board, together with a certi-
ficate showing no litigation
pending or threatened at the
time of the delivery, to enjoin
delivery or to contest the val
idity of the bonds or the pow
er 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 bid security
shall be returned without in
tereSt.
1t is contemplated that the
Board will meet at eight O.
clock pm. EDST, on the End
day of May, 1862, 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 School Dis
trict the bidder shall pay eX-
penSe of delivery at that place
Before making tender of
the bonds at the place Of de-
livery the Board 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 litiga-
ton 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 by the Board or waived
by the successful bidder and
the bonds, transcript, no lit
cation certificate and approx
ing opinion are not available
for delivery to the success
full bidder at such place of de.
livery on or before 1900 O.
clock noon of h e 30th calen-
dar day after the day fixed
for the receipt of bids, and the
successful bidder shall not be
in default of any of his oblig-
ationS, he shall have the right
thereafter and so long as no
such tender by the Board
shall yet have been made, tC
cancel the contract of pur.
chase; such right to be eXer.
ciSed by delivering to the un-
derSigned Cor to her office
during business hours writ,
ten notice of such cancella-
ton. Such bidder shall there.
upon be entitled to the return
of the deposit which accom-.
panied his bid and it shall be
returned to him immediately
The right is reserved to re.
ject bids.
Board of Education of the
Ledgemont Local School
District
BY Marie Arnold, Clerk
3c1t