HomeMy WebLinkAboutResolution - 121439C - Delivery_Issue Of Electric Light Plant Improvement Warrants, Series 1939 - 12_14_1939 For the files of the City Secretary.
17m 1 �
TDB STATE Cr TW8 r
,irfiTY W LUBD= t
CITY (F LOB= a
vet C. lv. Slatva, Nvors was Leven" Kniaaas, City
Secretary's and lave nia Williams 9 City Trossur,er, of the City of i vbbeek,
Texas,* do hereby certify that mid Citr tbraugb its City COMLssioarn and
through ourselves t adJ vLde&14 has and have ianee p eested the msshirwry and
equipm eA furnish" by mordberg VowfastrarIng ConpW, cantrastor, as sham
in the estimate allowed by the City Commission orn t he 14thdayr of Deoedwr,
19390 for certsia Slecdric Light Plc* ImperonemmAs in and for said Cltr,
wader contract with said City, dated December 6, 1 , and dulr recorded In
the Mimtes at said City Cammiseieeal that the nashiaery and *gsipsrr6
described in the said estimate have been inspected and apprand by said
City Condesion as being in arcordaw* with said contract t heretof we made
by the City; that the emehimery and equip mt are well worth the price
agreed *pen and the amount praydrd im said estimate, and that all duties
Imposed by the contrast an the oentrastor, insofar as said estimate is
concerned have bow fully performed by the coaatractor.
WS PUS CIRTIFY that "CLity of Lubboske Ttexas, Bleatris
Light Plant L"roweesent its, Series 193900 have been issued and
delivered to mid ea ntra ter, eviderAing a Portion of the iodebteduess
duo by said stye In the aww* of VIM Thowsarnd (SS%O 0.00) Dollars, being
sarrarnts X=bers One (1) to firms (50), both imlwimy In t he denovinatioo
of One Thousand (61,OM.00) Dollars each, dated Member 1, 1939, and bearing
interest at the rate of three (3%) per *o nt per a==I gnat the reemaiMor at
the purchase prise of said mael inery and egv4wiont shall. be ,paid by the City
to said contractor out at avallablo fWvIs and current rwmnmes to be lwituUr
appropriated by ordinance.
r. p'WM OWIFY that there is two litigstio n PeMbg
or threatened ,fencing *,A of the issaame at said warrants nor Lea itch way
asfeetir►g the titles of the within r4mod of'fiows at raid Oity to their
r*apeotLve otfiees.
1
1
FORM OF BID � I
�r
Kiss Lavenia williams, I;
City Secretary,
City of Lubbock,
Lubbock, Texas.
Dear Madam;
For the City of Lubbock, Texas Street Improvement
Bonds* to be dated December 1, 1939 to be in the principal
amount of $50,000.00, maturing $10,600.00 on the day
of , each of the years 1940/" inclus=ve with
no option o -r or payment; the first Interest coupon to be
payable lstt 1940, and semi-annually thereafter;
said bon s' -�o�$`ear� 'Merest at the rate of 40 per annum
for all bonds maturing 19 to 19 nclusive; and
the rate of can for all s matur�l9 to 19
Inclusive; bed principal and interest payabre at the
Bank
o ® eno t Qn Q t .00 eac # we WM •pay y'ou
par plus accrued interest to the date of delivery, and plus
a premium of _ - _.T _ -- - -.
we hereby agree to accept delivery of the ab ve bonds
on the above mentioned terms at the Bank,
provided
Q pT dtr TU or at 9 "Time of a6diptTng delivery o the
bonds and making payment therefor, we are to be furnished a
complete certified copy of all proceedings had in connection
with the issuance of said bonds, together with the final, un-
qualified approving ooinion of
Bond Attorneys of ,
As evidence of good faith in making this bid, we en-
close herewith check in the amount of
e ng n of the par value of the
DOWS Old Tor,' WIME Max le to a retained by the City and
applied as pert payment for these bonds at the time of deliv..
ery thereof in the event we are the successful bidder; or,
in the event we fail or refuse to carry out the terms of
this agreement, said check shall be retained by the City as
full and complete liquidated damages.
The grass interest cost to the City of Lubbock on
the above bid will bo and deducting the
premium, the net interest acts e $
Respectfully submitted,
Wet the duly authorized officials of the City of
Lubbock Texas hereby accept the above agreement, by order
of the 6mmis s i on in Session, on this , the day of
1939.
Rind o! to A ttld g u"to �"ptur11too #, g31�afi
S%MIA . 1940 ,�O� ,DO 9 1 to � Oy a 4,DC�D,00 :4, ,C11'70
tea!I �r 11 9'0 o 00*.00 1940 to 10 W Eft:D.Ui 101,51
--slwi' -asks 1991 nplfooclac 1 )LOUW )., :kv* rQ " .10069
Z144 Lt.& : o loin 460000,00 2040u lid .0156
C.tty LZa11 19S9 7#i .00*00 19 to I '" * .0230
-i r XKr r. I P501,,00.b0 19 1►0 1 1b a , 0 .1002
1*m to 1!9 1 , *! .
4 forks Wig 1076 IL 00 .co Y's low vuw* * 4!
Is" le 045 '18 000,00 n
%rAlary &omr tX 106 I# , Ui .t t# 1940 " ►„*viv.k4 .�
1940 to lon 11.0000,40
1961 to lose 40#xAD.00 "
jurmw gs lime 3o oi,-0.00 W 1941 Lu 1168 ::100001W .03M
ls041016 199P 17:00 ,00 37+ IM to 194S " 15110 0§070 .1689
Is" OR
4000,00 "
17 U'VOU01W +,
194LO 90Nt N0, "
Los Alto. P
%on " nay_. c",
1000 to 19$1 LIP
30*4 10:0(0 9.00
�s4r Aw"spWis •4" 1l 9 20,000.0 0 1 1-t 4-10 * �.[1C�0,�#3 # .0063
2051-tD- T-Q
1960 to 1949 *000*uo
'*W Worft lift 1w 000.Go 24 IL940 to Ifto 100"100 00105
i3l. Imprw "v 19r9 T•4 a000.00 SA it lose " 10I0 .00 � .0
r AzUS. "B' 1029 D r l a uvo.00 Jim to 1941 " tQ00.00
000, .0159
lf,48 to IAirport is" low to 12
"
.ii1
91a r!' & 1 v 1943 x0a 'D•00 0% 1 =l•4 -4 :t cou.600 .0,
left pl*ovo,00 Go 19a
i wr 1 1NV 14 oWo.00 4A 19W to 19#L #nu, 4,6iD0.W .rF
1sa�lL �i 11 M_ a l
a
f ". $Q, 1939 for •ll. tar s ,1 O*076.14