HomeMy WebLinkAboutResolution - 112039A - Notice To Bidders - Intention To Issue Interest-Bearing Time Warrants - 11/20/1939qr
THE STATE OF TEXAS
COUNTY OF LURBOCK
W
112069 A
CITY OF LUBBOCK
On this the 20thday of November, 193the City Commission of
egnsl ar
the City of Lubbock, Texas, comTened in Recessed/ meeting, with the
following members of the City Commission present, to --.at:
C. E. Slator, Mayor,
�. G. IdeMi.11ion,
J. A. Fortenberry,
Commissioners,
W. B. Price,
Hub Jones,
Miss Lavenia '+Villiams, City Secretary,
with the following members absent: None, constituting a quorum, at which
time the following proceedings were had:
Commissioner I clue lla n introduced a resolution and made a
motion that it be adopted. The motion was seconded by Commissioner Yortenber
The motion carrying with it the adoption of the resolution prevailed by
the following vote:
AYES: Commissioners IficMillion, Fortenberry, Price and Jones.
NOES: None.
The Hiayor announced that the resolution had been adopted. The
resolution as adopted is as follows:
RESOLUTION
DIRECTING THE HAYOR TO GIVE NOTICE OF INTENTION TO ISSUE
$50,000.00 OF TDD, WARRANTS.
IN[HEREAS, it is considered to be to the best interest of the City
to purchase certain equipment and to issue interest—bearing time warrants
for the payment thereof;
THKEUEFORE, BE IT RESOLVED BY THE CITY C L-1ISSION OF THE CITY
OF LUBBOCK, TEXAS:
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1. That the Iayor be and he is hereby authorized and
directed to insert in a newspaper of general circulation published in the
City of Lubbock, Texas, a Notice to Bidders and of the Cit,y's intention to
issue interest-bearing time warrants; that said notice be published in
accordance with law for the period of time required by law; that said notice
be substantially in words and figures as follows, to -wit:
"i;OTICE TO BIDDERS
Notice is hereby given that on the 5th day of
December , 1939, at 1:00otclock, P . if., at the City Hall
of the City of Lubbock, Texas, the City Commission of the City
of Lubbock will receive sealed competitive bids on Proposal
to sell and deliver F.O.B. cars, Lubbock, Texas, the follo�jring
equipment:
1 - Natural Gas Burning Diesel engine Generating Unit
E-inimum H.P. 2700 1�1aximum H.P. 3200 with direct
connected generator of suitable size therefor, with
necessary auxiliaries .
Bids -shall be accompanied by certified check of the
bidder in the amount of five per cert (5jo) of the
bid price, unconditionally payable to the L��ayor of
tiie Ui ty of Lubbock, Texas, or a bidder's bond.
Said bond to be executed b;r a responsible surety
Company who has a permit to do business in Texas,
to guarantee execution of contract, if sarle should
be awarded to the bidder.
Specifications may be obtained at the office of
the City Manager.
g a b ea ea�eet�#� e t
of cue--eentrteb
The City Commission reserves the right to reject
any or all bids.
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If a contract be awarded for said equipment, the
City Commission intends to issue time warrants for the
payment of all or a part of such purchase price, in an amount
not exceeding Fifty Thousand ($50,000.00) Dollars, bearing
Three (3%) per cert interest, and maturing in installments,
the last installment maturing not later than December 31,
1942.
Given this the 20th day of November, 1939.
C. E. Slaton,
ldayor, City of Lubbock, Texas."
2. That the Mayor be authorized, ordered, and directed to do
and all things necessary and/or convenient to carry out the purpose of this
resolution.
ADOPTED AND APPROVED this the 2,0 t daof ovember, 1939.
I:{ yor, Ci_ y of Lubbock, Texas.
ATTF,ST :
City Secretary,' -City of Lubbock,
Texas.