HomeMy WebLinkAboutResolution 09-18-1945 RESOLUTION
WHEREAS, at a regular meeting of the City Council of the
City of Canton, Illinois, on the 17th day of July, 1945, the
proposal of Francoeur and Company to purchase the City of Canton
Public Comfort Station Bonds, in the amount of Twelve thousand
Dollars, ($12,000.00 ) , was accepted; and
WHEREAS, said Francoeur and Company has failed to carry
out its said proposal and to accept said bonds; therefore
BE IT RESOLVED, that the Mayor and the City Clerk be, and
they are hereby, authorized and directed to cause the City of
Canton Public Comfort Station Bonds, as provided in Ordinance
No. 307, passed and approved February 20, 1945, to be printed,
and to execute the same in accordance with the provisions of
said ordinance; that, if said Francoeur and Company shall fail
to accept said bonds and to pay the amount of its bid, plus the
cost of printing said bonds, within ten days after it has been
notified that said bonds are ready for delivery, then the
City of Canton shall consider that r'rancoeur and Company have
defaulted in its contract to purchase said bonds, and the
Mayor and City Clerk shall sell and deliver said bonds to
any available purchaser, or purchasers, at a pride not less
than par value and accrued interest to date of such delivery.
passed 9-18-45