New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-22

opening the proposals The bidder bidders who's.
proposal shall be accepted SHAH in person or by day
Board days after the delivery 0 a not~s
the Contract Is approved BY the Board Of Estimate sa
Apportonment and such bidder bidders shall then de-
with its execution duly proved
tractor will be required furnish security Z, tba ~
by giving bond in the penalty OF one hundred ay
giving bond II securities are deposited in pIsS o,
bo5d unIIer This contract tSev r,1s he ~ paes OF
acter Of securities in which Savings Banks may inves
their funds and must be approved by the Board ms
Contractors bond must be in the form annexed tns
In addition and as further security TO the CITY ,
per cent. Of each amount certified from time tns
Elci bidder must state in proposal names an.
places of the proposed suretss the BOND
and describe securities proposed 20 be deposited.
the Board may in case the sreties or securities aei
by them are not approved oy the Board substitute IN
schedule approved by the Board suss
substitution must be made within I'VE DAYS after notice
dsapprova by the Board. unless this period sI
IN case Of failure or neglect tn execute and deliver ~,
make the required deposit or execute
option Of the Beard he deemed either ma5s t5
contract to have abandoned the contract In the
ing bidder Board may hereupon proceed make
ders as in the opinion OF Board VIII De To 10
best OF the City s s9n6aS T or may o
ing bidder thereupon be liable to the City for an
loss and damage by sustained. including excess
II any. it shall pay any other contractor
amount of bid OF such defautug bidder.
Every proposal when submitted, be enclosed in
envelope endorsed Proposal for Constructing
Rapid Transit Centre Street the Bovery'
ana the Beard its secretary and
In the offering the VIII
be deposited In a in which all proposals win
deposited proposal will be received deposited
unless ACCOMPANIED b. certified check drawn
National State Trust Company within Cl,y
Of York satisfactory the Board payable "a
order o. he rtrcer 81 the City q York
for sum o twelve thousand five hundred dollars
shall give notice 20 any bidder that III,
and the contract a
bidder within DAYS thereafter within such
further period any be prescribed by Board
10 execute the contract and To
deliver the bond make deposit in cash
this Invitation Contractors
posaI accepted aforesaid shall be binding
bidder o the CITY the damages by
tanned Of such failure, and in such
bidder hereby absolutely assigns TO the CITY the
ship accompany ing his or its proposal
payment account of such damages
Such must be enclosed in the sealed
cpe containing the proposal be separately
uvered to the Board or Secretary who Will give
q proper voucher for the deposit
deposits made by bidders whose proposals
shall not accepted by the Board viii BE- returned to
the person persons making the within i've days
after the shall executed and delivered
deposit successful bidder will be returned when tho
contract executed its provisions 70 security
complied with -
TrIIF; BOARD or RAPID TRANSIT RAILROAD COM
MISSIONERS FOR THE CITY OF NEW YORK BY
A E ORR
President
BION I. BURROWS.
Secretary.