Minutes 05/26/1959 - Laserfiche WebLink

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for four successive weeks an invitation for bids for the rights, privileges and franchises to be granted in and by said proposed ordinance, copies of which shall be available in the city manager I s office for distribution to person s making inquiry. The advertisement ,_ shall notify that the bids are to be in writing and shall be delivered to the office of the city manager of the city not later than 11 A. M. Eastern Standard Time, July 2, 1959, which bids shall be opened at that time and presented by the city manager to the city council, to be dealt. with or acted upon in the mode prescribed by law. Said advertisement shall expressly reserve the right of city council to reject any and all bids. r' Subsection c. F rocedure for Acceptanc e of Bids. All bids for the franchise, rights, and privileges to be granted in and by this ordinance shall be submitted in writing and each bidder shall file with his bid a bond executed in favor of the City of Martinsville, in the penalty of ten thousand dollars, with surety and in form satisfactory to the city attorney, and conditioned as follows: (1) That if his or its bid is accepted and an ordinance sub- stantially in the form aforesaid is passed granting to him or it the franchis e, rights, and privileges hereinbefore set forth, then he or it will, within fifteen days from and after the approval of the ordinance making said grant and before the date on which the same shall become effective as herein provided, file a written acceptance of the same with the clerk of the council, in form to be approved by the city attorney. (2) That at the same time that said written acceptance is filed, he or it will execute and file with the clerk of the council a bond as provided for in subsection c of Section 14 of this ordinance. (3) The clerk of the council shall, upon acceptance of the bid of any bidder, return to the unsuccessful bidders the bonds filed with him by them - - 16 -