MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORD73e--(SI'2S4K-TOM L. KETCHINGS co .. NATCHEZAs an evidence of our good faith, we hand you herewith our Check No. 321 for$400.00 to be held by you uncashed pending our cOmplianc~ with the terms andconditions of this bid, and to be forfeited by us as full liquidated darnage in caseof our failure to comply with the terms and conditions of this agreerr.ent.If forany reason this bid is not accepted, or if for any reason our attorneysd ecline to,approve the issue, said check ~s to be imrr.ediately returned to us.Respectrully submitted,THE FIRST NATICNAL BANK,Bylsi Bill F. SuttonBond DepartmentAccepted and agreed to by resolution duly passed by the Mayor and Board ofAldermen, Oxford, Mississippi this 23rd day cf October, 195t.lsi Richard W. ElliottPresident - Mayor.Attest:(SEAL)lsi C. P. FulmerClerkSECTION 2.That the Mayor and City Clerk be and they are hereby authorizedand directed to endorse upon the;;aforesaid offer a sui table notation to evidencethe acceptance thereof for and on behalf of the City of Oxford, Lafayette County,Mississippi.SECTION 3.That the good faith check filed by all unsuccessful bidders bereturned to they; upon their respective receipts therefor, and that the good faithcheck filed bthe successful bidder be retained by the Mayor and Board ofAldermen as a guarantee that th; bidder will carry out his contract and rurchasethe note or bonds pursuant to the aforesaid bid and contract. If said successful bidderfail to purchase the bonds pursuant to the aforesaid bid and contract, the amountof such good faith check shall be retained by the City of Oxford, Mississirpi asliquidated darrages for such failure.SF~TION4. That the Mayor and Board of Aldermen shall hereafter, by proper action,provide for the preparation, execution and delivery of the aforesaid bonds inaccordance with the terms of the aforesaid contract.Alderrr.can H. S. Sisk seconded the motion to adopt the foregobg resolution, thequestion being rut to a roll call vote all aldermen present voted aye.The motion haveing received the affirmative vote of all aldermen present, theMayor declared the motion carried and the resolution adopted.This the 23rd day ofOctober, 1956.APPROVFD:_m.. Richard w. ElliottAttest:t-!.:::.s/'---....:C;:...:.:......:.P...!..-=-Ful=m~e~r"--__ , City Cl er k/~--~~~~--~/