State ex rel. Fenner v. Allison

8 Ohio N.P. 170
CourtCourt of Common Pleas of Ohio, Hamilton County
DecidedJuly 1, 1900
StatusPublished

This text of 8 Ohio N.P. 170 (State ex rel. Fenner v. Allison) is published on Counsel Stack Legal Research, covering Court of Common Pleas of Ohio, Hamilton County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
State ex rel. Fenner v. Allison, 8 Ohio N.P. 170 (Ohio Super. Ct. 1900).

Opinion

HOLLISTER, J.

The city was authorized, but not required, by the act of April 20, 1893, “to improve turnpikes and avenues which have become city streets, and to provide for tiie payment of such improvement.” Pursuant to this authority the board of public service on September 12, 1900, contracted for the improvement of Spring Grove avenue. The work proceeded, and a payment to the contract- or became due December 1, 1900. The act authorized the issue of bonds of the city by the board for the cost of the improvement, so far as the city, under the act, was made responsible for the cost. To provide for the interest on the bonds, and for a sinking fund for their redemption, all of the taxable property of the city was made subject to a tax.

To provide funds with which the payment of December 1st was to be made, and to meet installments thereafter to become due under the contract, the board resolved, Ootober 2, 1900:

“That the city auditor'be, and he is hereby authorized and directed to prepare, issue and sell bonds of the city of Cincinnati, in the sum of ($150,000) one hundred and fifty thousand dollars, under the provisions of an act of the general assembly of the state of Ohio, [171]*171passed April 20, 1893, entitled ‘An act authorizing cities of the first grade of the first class to improve turnpikes and avenues which have become city streets, and to provide for the payment of such improvements, (O. L. vol. 90, pages 267 and 268), said $160,00 bonds to be dated December 1, 1900, and to be payable December 1, 1920, with the option of redemption December 1, 1910, of at any time thereafter, and to bear interest at the rate of three and one-half per centum (3% per cent.) per annum, payable semi-annually, the proceeds of sale of such bonds to be placed in the city treasury, to the credit of the fund oalled the ‘Avenue Pavement Fund,’ and to be used for the purposes designated in the act authorizing such issue. ”

This action was taken by virtue of section 6 of the act, which need not be set out at length here, and of section 6, which provided:

“Said board of administration (.board of public service) shall receive bids for said bonds after advertising the same for sale, once per week for four consecutive weeks, on the same day of the week in some newspapers of general circulation in said city, and shall sell the same for not less than'the par value thereof, with accrued interest, to the highest bidder.”

Thereupon the auditor caused the following advertisement to be made:

“Sealed Proposals.
“Sealed proposals will be received at the office of the city auditor of the city of Cincinnati until 12 o’clock noon of November 26, 1900, for the purchase of three hundred bonds of the city of Cincinnati, bearing date of December 1, 1900, and payable December 1,1920, with option of redemption December 1, 1910, for the sum of $600 each, and with interest thereon at the rate of per centum per annum, payable semi-annually at the city treasurer’s office.
“Said bonds are issued iu accordance with and under a resolution passed by the board of public service October 2, 1900, under the provisions of an act of the general assembly of the state of Ohio, passed April 20, 1893, entitled ‘An act authorizing cities of the first grade of the first class to improve turnpikes or avenues which have become city streets, and to provide for. the payment of such improvement’ (O. ‘L. vol. 90, pages 267 and 268), and will be sold for not less than par to the highest bidder.
“Bidders will be required to state the gross-amount they will pay for the bonds, the accrued interests to date of transfer and receipt of money for same to be added to this amount; also, as a guarantee of good faith on their part, to enclose with the proposal a certified' check, payable to the order of the city auditor, for 5 per cent, of the gross amount of said bonds.
“The right to reject any and all bids is reserved.
“All proposals to be in writing signed by bidder, sealed and endorsed ‘bids for bonds, and addressed to the board of public serivoe care of
“Paul M. Millikin,
“City Auditor.”

The highest bid received was a joint bid from Messrs. Feder, Holzman & Co. and the Union Savings Bank & Trust Company of Oincinnat, both of eminent responsibility and standing, and the board accepted their bid of $157,955 and accrued interest,and awarded the bonds to them.

The trustees of the sinking fund of Cincinnati refused, however, to register the bonds for the reason set out in their resolution of December 3, 1900, which reads:

“The attention of the board having been oalled to the fact that the advertisement for the sale of $150,000 avenue pavement bonds calls for bonds payable at the city treasurer’s office, whereas the bonds as engraved are payable at the American Exchange National Bank, New York, the following resolution was on motion adopted:
“Resolved,that no bonds be registered by this board whioh do not correspond in every particluar with the averment under which bids therefor were asked.”

On December 11, 1900, the board of public service, because of the resolution of the sinking fund trustees, and believing that a better price could be obtained if the bonds were made payable in New York, rescinded its aotion in awarding the bonds, and requested the auditor to readvertise for proposals for the bonds.

On the same day the bidders advised the board that they would “take no steps to hold the city to a delivery” to them of the bonds, and that “all conditions being equal,they would be pleased to give the city another bid at the time of the re-sale of the bonds.”

The bonds had been prepared from an old form of bonds issued theretofore under the same act, and were, like those bonds, made payable in New York. To prepare a new bond to correspond, with respect to place of payment, to the advertisement, which made the bonds payable at the city treasurer’s office, would cost some three or four hundred dollars. The board, therefore, acting in perfect good faith, and believing that the assurance of the bidders not to hold the city to the award, relieved them of any further duty with reference to the bid which had been made, and being desirous of saving the cost of preparing a new bond, directed its auditor to readvertise for proposals, a proceeding which would not cost more than twenty or thirty dollars.

[172]*172Thereupon the plaintiff, a tax-payer, brought this suit to require the board to perform a legal duty — the delivery of the bonds to the highest bidders at the price named, claiming that under the law the board has no other power.

After full argumont by the learned counsel in the case, it was submitted January 9, 1900, and on the 10th the bids, under the readvertisement, having come in on that day, the court was advised that the highest bid is in fact some seven hundred dollars less than the bid upon which the award was made. The result of the effort of the board to save money by inviting new bids has been therefore an actual loss to the city. This fact, however, the court does not regard of importance except for purposes of argument.

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Bluebook (online)
8 Ohio N.P. 170, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-ex-rel-fenner-v-allison-ohctcomplhamilt-1900.