4 - City of Oxford

434
977613— arcions-rwroct
MINUTE BOOK No. 24, CITY OF OXFORD
Mississippi, authorized at a special election held in said District on the
15th day of July, 1969, shall be offered for sale to the highest bidder there-
for on Tuesday, the 18th day of November, 1969.
SECTION 2. That said bonds shall be sold on sealed bids to be filed with
the City Clerk at his office in the City Hall, in the City of Oxford, Mississippi,
at or before the hour of 7:00 o'clock P. M. on the aforesaid date; each bid
to be accompanied by a cashier's check, certified check, or exchange, payable
to the Oxford Municipal Separate School District of Lafayette County, Mississippi,
issued or certified by a bank located in the State of Mississippi, in the amount
of Fifteen Thousand Dollars ($15,000) as a guarantee that the bidder will carry
out his contract and purchase the bonds if his bid be accepted. If the success-
ful bidder fails to purchase the bonds pursuant to his bid and contract, the
amount of such good faith check shall be retained by the District and paid into
the treasury of said District as liquidated damages for such failure. The
Mayor and Board of Aldermen reserve the right to reject any or all bids sub-
mitted, and, if all bids are rejected, to sell said bonds at private sale at
any time within sixty (60) days after the date advertised for the receipt of
bids, at a price not less than the highest bid which shall have been received for
said bonds at such advertised sale.
SECTION 1. That bidders for said bonds be requested to designate in their
bids the price they will pay for bonds bearing interest at a rate or rates like-
wise to be designated in their bids; provided, however, that all bonds of the
same maturity shall bear interest at the same, rate, which shall be a multiple
of either one-eighth of one per centum (1/8 of 1%) or one-tenth of one per
centum (1/10 or 1%). The difference between the highest rate hid and the lowest
rate bid shall not exceed two per centum (2%), and any bid specifying supple-
mental interest coupons will he rejected.
SECTION 4. That, as required by Chapter 325, Laws of Mississippi, 1946,
the City Clerk shall be and is hereby authorized and directed to give notice
of the sale of said bonds by publication at least two (2) times in the Oxford
Eagle, a newspaper published in the City of Oxford, Lafayette County, Mississippi;
the first publication to be made at least twn (10) days preceding the date
set for the reception of bids, and such notice to be in substantially the
following forms: