Book 14 (January 1950 - July 1954) - City of Oxford

107DEMENT - ME~lDIANplant and distribution system of said City apd ~hall be an a paritybasis with the said Clty's Electric Revenue Bonds, Series 1946,in accordance with Secti~n5, Subsection (d), paragraph (2) of theordinance issuing and the contract and terms of said ElectricReve~ue Bonds, Series 1946.Bidders are requested to designate in their bids thelprice they will pay for bonds bearin~, ,interest at a rate or rateslikewise to be designated in their bids. It is the intention ofthe Mayor and Board of Aldermen to decide w ich of the bids submittedis the highest upon the basis of the total interest costover the life of the issue, less the premium specified in the bid.Proposals should be addressed to the Mayor and Board of Aldermanof said City and should be plainly marked "Proposal for Bonds" and shouldbe filed with the City Clerk on or prior to the date and hour hereinabovenamed.Each bid must be accompanied b.Y a Cashier's check, cerfitied check,or exchange, payable to the City of Oxford, MissiSSippi, for Two per centum(2%) of the amount of bonds bid for, as a guarantee that the bidder willcarry out his contract and purchase the bonds if his bid be accepted. Ifthe successful bidder fails to purchase the bonds pUrsUant to his bid andcontract, the amount of such good faith check shall be retained b.1 theCity as liquidated damages for such failure.The Mayor and Board of Aldermen reserve the right to reject anyor all bids. The City will pay for the printing of the bonds, the cost ofvalidation, and the approving opinion of the law firm of Charles andTrauernicht, st. lDuis, Missouri, Delivery of the bonds will be made tothe purchaser on or before the ~ day of September , 1950, at a placeto be designated by the purchaser without cost to the purchaser.By order of the Mayor and Board of Aldermen of the City of Oxford,MissiSSippi, this da y of June, 1950., --crity Clerk of the City of Oxford,MissiSSippi.4. The City Clerk shall obtain from the publisher of theaforesaid newspaper the customary publisher's affadavit of said notice forthe time and in t.l}e manner required by law, and such proof of publicationshall be filed in the City Clerk's office.5. At the time of the sale of said bonds, or at some appropriatetime thereafter, the Mayor and Board of Aldermen shall take such furtheraction as may be necessary to provide for the preparation, execution,issuance, delivery, and validation of said bonds.* * * * * * * * * * * * * * * *