HomeMy WebLinkAboutOrdinances Book 14, Page 449, No Ordinance Number449
AN ORDINANCE ACCEPTING THE BID OF KENTUCKY ASPHALT SALES COMPANY
FOR THE SALE TO THE CITY OF RC -0 TO 5 AND MO -0 TO 5 LIQUID ASPHALT
REQUIRED BY THE CITY OF PADUCAH DURING 1961; AUTHORIZING THE CITY
MANAGER TO ENTER INTO AND EXECUTE A CONTRACT FOR THE PURCHASE OF
SAID MATERIAL; AND PRESCRIBING THE TERMS AND CONDITIONS UNDER WHICH
SAID PURCHASE SHALL BE MADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Kentucky Asphalt Sales Company for
the sale to the City of Paducah of all MC -0 to 5 and RC -0 t6 5
liquid asphalt required by the City of Paducah during the year 1961
be accepted, and that the City Manager is hereby authorized to
enter into and execute a contract for the purchase, upon the order
of said city, all of such asphalt to be used during 1961 at the
following price: Liquid Asphalt delivered by transport with
insulated trailers at $0.1212 per gallon F.O.B. 6th and Campbell
Streets, Paducah, Kentucky. Said contract shall also contain all of
the terms and conditions contained in a resolution authorizing the
advertisement for bids which was adopted by the Board of Commissioners
on February 28, 1961. A guarantee shall be provided against advance in
market price and a guarantee shall be provided for reduction in price
in the event of a decrease in the market price, and said Company shall
post a performance bond in the sum of $2,500.00 guaranteeing specifi-
cations and delivery. Terms of payment shall be 1% 10 days, net 30 days.
SECTION 2. This ordinance shall be introduced 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
shall be in full force and effect ten (10) days thereafter.
Inayor
Introduced by the Board of Commissioners March 28, 1961
Passed by the Board of Commissioners April 5, 1961
Recorded by Sarah Thurman, City Clerk, April 5, 1961.