HomeMy WebLinkAboutOrdinances Book 12, Page 1166, No Ordinance Number1166 j
AN ORDINANCE ACCEPTING THE BID OF THE SOUTHLAND COMPANY FOR SALE TO THE
CITY OF PADUCAH OF MC -0, MC -1, MC -3 AND RC -3 LIQUID ASPHALT TO BE USED BY THE
CITY DURING THE YEAR 1953, AND AUTHORIZING THE CITY MANAGER TO ENTER INTO AND
EXECUTE A CONTRACT FOR THE PURCHASE OF SAID MATERIALS, AND PRESCRIBING THE TERMS
AND CONDI2IONS UNDER WHICH SAID PURCHASES SHALL BE MADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH,
KENTUCKY:
SECTION 1.That the bid of the Southland Company for sale to the City of
Paducah of all MC -O, MC -1, MC -3 and RC -3 Liquid Asphalt required by the city of
Paducah during the year 1953 be accepted, and the City Manager is hereby
authorized to enter into and execute a contract for the purchase upon the order
of said city of all asphalt bo be used during the year 1953, said contract to
contain the following terms, conditions and covenants:
The Company hereby agrees to sell and deliver to the city upon its
order the MC -0-1-3 and RC -3 Liquid Asphalt required in all repair and construct
work during the remainder of the year 1953 at the prices and upon the terms set
forth in said Company's bid as follows:
"In compliance with your request for Liquid Asphalt
bids on MC -0, MC -1, MC-3,and RC -3, we Vote a delivered
price.of .1050 per gallon. This is a firm bid for your
1953 asphalt requirements (approximately 20 to 30 -car-
loads.)
"Our asphaltic material meets Kentucky Highway Speci-
fications. We will ship our material in 8 000 and 10,000
gallon insulated tank cars, with steam coiis and will make
delivery within seven (7) days.
"Our terms are 1% ten (10) days - 30 days net."
In consideration of the agreement of the city to purchase from the
all of the aforesaid grades of asphalt required during the remainder of the year
1953, the Company agrees that the prices for said asphalt shall not exceed the
hereinabove provided, that in the event of a general advance in the retail price
of asphalt during the aforesaid period the Company's obligation to sell and
deliver asphalt at the aforesaid prices shall remain and continue in full force
and effect, but in the event of a general decline in the price of said products
the city will be given the benefit of the reduction in price. Prices quoted
shall be fob 6th & Campbell Streets, Padudah, Kentucky.
It is further provided that the Seller shall execute a Performance Bond
in the amount of ;2,500 to the City of Paducah with good and sufficient surety
company licensed to do business in the State of Kentucky for the performance
of the contract.
SECTION 2. This ordinance shall be introduced at a regular meeting of the
Board of Commissioners and remain on file for at least one (1) week for public
inspection in the completed form in which it •shall be put upon its final passage,
and if adopted it shall be in full force and effect ten (10) days thereafter.
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Introduced by the Board of Commissioners April 142 1953
Passed by the Board of Commissioners May 12, 1953
Recorded by Sarah Thurman, City Clerk, May 12, 1953