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<br />~82 <br /> <br />TUESLu\Y SEPTEl-,mER 1h 1()54 <br /> <br />BID FORl; <br /> <br />w. H. Yeaman <br />Clerk of Council <br />City of r"lartinsviJ.1e, Virginia <br /> <br />The undersi[;ne d 7iill acce)t fr2.nc hise and pa;}T the sum of ~~25. 00 for franchise to <br />be avmrded by the Cit:r of l\lartimville, cranting the exclusive right to operate <br />busses for the transportation of passengers on '(he streets and highways of <br />Martins vi lIe, Vir f;irri_2., "Thich francilise requires th2.t the public convenience <br />and necessi t:y be met. <br /> <br />The undersigned s t2.tes 2nd aGrees that ''.e has rC2:d the nroposed franchise and C1~1 <br />sDecifications, regulatiom and s tipulat:1_on.s reqcl::-rcd by the City of 1'1artinsville, <br />and if he is avrardod the franc11ise he vrill str:;_ctly corcply with the franchise and <br />all other requircnent:' 2.nc1 st:i_pulatior..s requi"e.~: o:~' bidcicc's to bid on said <br />franchise, ,"[h:1.o11 \lave beon set forth in aclvertiser:pnts ::_n the Martinsville Daily <br />Bulletin. A CODY of s2i c1 advertisement being 2.t/':;C!.c:1ed hereto, retllr:1ed ;'erc'with <br />and initialed by the bidder that he has read, unci()c's-::.ands and vIill fully oOml)ly <br />iHi th same. <br /> <br />Given under the undersi;:;ned I hand this the 14th cl2Y 01' September, J.951!. <br /> <br />Rapid 'l'ra'.1Sit Company', Inc. <br />Bidder <br />By: C2.rl L. Stone, President <br /> <br />WITllES,'): J. VI. [Iolmes, Secretary <br /> <br />}~)=.I--IIL3 IT rr;\ If <br /> <br />R.APID 'uuL\S I T COl.IPASY, INC. <br /> <br />3;\ U.. I,T CI~ SFD~E;r <br /> <br />----,. 31 lOc:;") <br />JUL~ ~, ......-L <br /> <br />i\3S:ETS <br /> <br />CUl~{'ent Assets: <br />Cash on Hand and In Barl<: <br />Prenaid I~a~ces all.d. I-1iconses <br />Prepaid Insurance <br />Supplies Inventory <br />Total Curron~~ I..ssets <br /> <br />$10,004.04 <br />980.52 <br />3') i~ c'8 <br />G.. _.:; <br />-.1;I60.00 <br /> <br />$15,073.14 <br /> <br />Fi:xed lis,sets: <br /> <br />Res e:...~"trc for <br /> <br />Revenue Equipment <br />Service Cars CL'lC1 Equ~_pment <br />Shop 2nc Caracc ~q~ipTIent <br />Furniture and F:L::.:tures <br />Miscellaneous Equip'nent <br />Tota.l }-'j~(ed_ .A.3~~Ct3 <br /> <br />Cost <br />~t57 ,550.00 <br />850.00 <br />2,2ho.00 <br />2,693.00 <br />1,,100.00 <br />$6L.,h33.00 <br /> <br />De-Jl~ecia t:'_on <br />~i~ 3,765.92 <br />!_S6.2) <br />186.65 <br />205.85 <br />___~? .!15 <br />:;p 9 ,Y;'o. o? <br /> <br />Book <br />Value <br />"'1 S 8' 8 <br />IPLL ,7l.0 <br />693.75 <br />2,053.35 <br />2 ,L~87 .15 <br />1,016.65 <br /> <br />55,031.1..98 <br /> <br />Intar~ible Assets: <br />Frax1cnises ~ln.d PCr'T:li ts <br />TOT1\~ ILt3SI\;TS <br /> <br />1,000.00 <br />$71) 108.12 <br />