1916/03/01 Council Minutes - Laserfiche WebLink

1O!O The regular Adminletrative Seealon of the City Council wad held March 1,1916,at 10:30 A.Y.with Mayor Merrill in the Chair and Commieaionere Merrill,Welly and Clay present a2 roll pall. Om motion minutea approved as of re- cord. The sealed bldg received for the proposed issue of$600,000 general and$1,100,000 epaclsl wetef bonds were opened in t e preeenhe of the City Council and read by the City Clerk.Said bide were as follows: Bidder. Sultan Local Sidney Spitzer 5$and premium of$6000. Bidder agrees to take and pay for the bonds in installments an the money Sc needed to complete.the 1- perovement,cut r swinge the right Eo take up and say fox any f LDe Dhndd at any t m Por payment of the a prlc¢, w12➢a ing interest Sto the date wbuy r wig. takes uth v and agreeing,hmfurther,thatneeded if the buyer wldbes to take the -. bonds will b then ei n d Lo chaplets s w will bevemen2,the tundh will be dEverett aln that he manner will D set to rest to the city of t a.rat a LbeLlater ityagreed will receive interest o said funds at a bate to De later dgreed ei The Toledo, to be placed in a ronin the Ohio Savings B of siledo,otb be delivered on demand,at the opinions price pries provided. Requires also approving opinion of bonding.attorneya. 6%at pax and area E, They agree to take up end pay for the bonds as eo the proceedings leading up he iosuance and.ale have theeaapproval of Dillon,Thompson&Clay,or Caldwell& Yasalich.Th¢m ney Lo De placed o dePpaittto t resit of the City city when bank tc De furnished. biller to be paid o La tie city when the city Pthat the b131or with le approving opinion re o attorneya t the city has a clear title to tie prewenE plant of the fe Water Compete a Requires,di Punier,that the eale of bonds and theapproved veddcbbydeai leading up to and culminating therein to approve eaid attorneys/