HomeMy WebLinkAboutOrdinances Book 12, Page 1075, No Ordinance Number1075
AN ORDINANCE AMENDING SECTION 1 OF AN ORDINANCE ENTITLED: "ANN ORDINANCE
PROVIDING FOR THE ACCEPTANCE OF THE BID OF CARDINAL COMPANY OF LOUISVILLE,
KENTUCKY, FOR LEASE WITH OPTION TO PURCHASE TO THE CITY OF PADUCAII OF TWENTY
DEIuPSTER DUMIPSTER TYPE CONTAINERS; PRESCRIBING THE TERM AND CONDITIONS UNDER
WHICH SAID BID IS ACCEPTED AND SAID EQUIPMENT SHALL BE PURCHASED; AND AUTHORIZING
THE MIAYOR, FOR AND ON BEHALF OF THE CITY OF PADUCAH, TO CONTRACT FOR THE LEASE
WITH OPTION TO PURCHASE SANE", WHICH WAS ADOPTED ON DECEI'aBER 23, 1952.
BE IT ORDAINED BY THE BOARD OF C01411ISSIONERS OF THE CITY OF PADUCAH,
KENTUCKY:
SECTION 1. That Section 1 of an ordinance containing the title quoted
above, which was adopted by the Board of Commissioners on December 23, 1952, be,
and the same is hereby amended so that said section as amended shall read as
follows:
"SECTION 1. That the bid of Cardinal Company of Louisville, Kentucky,
for sale to the City of Paducah of Dempster Dumpster containers for use in the
City of Paducah be, and the same is hereby, accepted upon the following con-
ditions:
a. There shall be purchased twenty of such containers of the type
specified in the bid of said Cardinal Company dated December 9, 1952, the type
to be determined by the City Manager of Paducah, Kentucky, said City Manager
to determine the type in accordance with the needs of said city in the operation
of its refuse collection service.
b. The maximum amount to be paid for the said twenty containers shall be
510,
000.00, f.o.b. Paducah, Kentucky.
c. Said containers shall be purchased upon a lease arrangement with
an option to purchase, said agreement to provide for a dorm payment of $4,000.00
on the purchase price of said equipment and to provide that the City shall pay
the balance of said purchase price in six equal monthly installments commencing
on the first day of the month following delivery, and like installments being due
and payable on the 1st day of each succeeding month thereafter; that upon the
payment of all of said monthly installments as herein provided said purchase
price shall be considered paid in full and said equipment shall become the sole
property of the City of Paducah;
d. It shall be understood that the City shall not be obligated to pay
any installment and in the event the Board of Commissioners should declare that
said installment should not be paid then this agreement shall become null and void
and the City of Paducah shall return said equipment to said Seller and all payment
theretofore made shall be retained by said Seller.
1076
e. It is further agreed that during the time the City of Paducah is in I
possession of said equipment under the contract containing the above terms and
conditions that the City of Paducah will be liable for all damage or injury cause
to said equipment, ordinary wear and tear excepted."
SECTION 2. All ordinances and parts of ordinances in conflict herewith
are, to the extent of such conflict, hereby repealed.
SECTION,3. This ordinance shall be in full force and effect from and
after its adoption.
-' i d, u,Zes�
iviayor
Passed by the Board of Commissioners February 17, 1953
Recorded by Sarah Thurman, City Clerk, February 17, 1953•