Let the two circles with centre P and Q intersect at points A and B.
Join AB. AB is the common chord.
Join PQ. AB and PQ bisect each other at M.
Let M be the midpoint of AB.
Hence, PM ⊥ AB [Since, the line drawn through the centre of a circle to bisect a chord is perpendicular to the chord]
⇒ ∠PMA = 90º
Now, since M is the midpoint of AB
Hence, QM ⊥ AB
⇒ ∠QMA = 90º
Thus, ∠PMQ = ∠PMA + ∠QMA = 90º + 90º = 180º
Hence PMQ is a straight line and PMQ ⊥ AB
Therefore, PMQ is the perpendicular bisector of the common chord AB and passes through the two centers P and Q.
So, the centres lie on the perpendicular bisector of the common chords.