The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-02-07

P~S@ ASA SAO puACu0Sc VI SdlO
bonds, which proposals shall be filed
with the city clerk on or before
February 25th, 1913, at IL O'Clock
noon of said day, at his Office IN the
city hall in the city of Virginia. Min
nesota, on which day the city coun-
ell will receive and examine such
proposals. Said notice shall state
that the sale of said bonds shall be
at sum not less than the par val
ue thereof, with interest accrued to
date of delivery, and that the city
OF Virginia reserves the right to re-
Ject any and all said bids. All bids
for such bonds shall be without con-
dltlon or qualification. They must
be sealed and have the name and
address of the bidder on the out
side of the envelope No bids for
any of the said bonds will be re-
ce1ved, opened or considered by the
city council unless the bidder max
ing the same shall have deposited,
separately from said bid, as a guar
antee of good faith, with the city
clerk before IL o'clock noon on the
day bids are to be received by the
city council, certified check or
certificate of deposit of national
bank payable to the order OF the
city of Virginia, without cond tin,
for an amount equal to one per cent
of the full face value of the bonds
proposed to be bid for. or good
and sufficient bond in the said sum
to be approved by the city council
of said city and conditioned that
the party making said bid will, if
awarded the sale, take the bonds
and pay for them according to the
terms of said bid and this resolu-
tlon, and in case of failure so to do
the city of Virginia shall have the
right to sue upon the said bond and
to recover the full face thereof,
which shall be and in sad bond
shall be stated as being the sum
agreed upon as liquidated damages
in case Of breach thereof, and
condition of said bond shall be that
the principal and sureties thereon
expressly waive all questions of ir-
regularity or illegality in any man
ner affecting the issuance of said
bonds, the intention of the bond be-
! ing to provide for the payment Of
! the said sum of money absolutely
without any condition or defense
thereto.
! Said check certificate or bond
shall Immediately be submitted by
the city clerk to the city attorney
for his opinion as to whether said
check, certificate or bond conforms
to the conditions of this resolution;
! and the bid of any person whose
check, certificate or bond the city
attorney shall deem not to be in
legal form according to the terms
of this resolution shall not be re-
ceived unless such bidder shall have
said check, certificate or bond cor
rected to meet the requirements of
the city attorney or deposit new
bond, certificate or check duly ap-
proved by the said city attorney be-
fore 700 o'clock P. M. of said day.
In all cases of bids received and
not accepted, the check or certificate
received Herewith shall be returned
to the bidder. In case said bonds
are awarded to any bidder and the
said bidder refuses to accept and
pay for said bonds or any part there
of within ten days after notice of
delivery, said delivery to be made
at the First National Bank of Vir-
ginia, the said amount of the GER
titicate of deposit or check furnished
to the city shall be retained by the
city of Virginia as it's own, as and
for liquidated damages for the
breach of the contract on the Fart
~ \ III
bidder furnishing such certificate of
deposit or check shall take the said
bonds, such sum shall be credited to
him on account of the payment
thereof
Said bonds when duly executed
as aforesaid on behalf of the city
of Virginia shall be delivered by the
! city treasurer to the purchaser
thereof, and payment of the pur-
chase price thereof shall be made to
the treasurer of the city of Virginia
whose receipt therefor shall be full
acquittance of the said purchaser
and said purchaser shall not be
obliged to see to the application of
the purchase money.
The money derived from the sale
of said bonds shall be placed to the
credit of the water and light fund
of the city of Virginia in the treas
ury of the said city and shall be
used by it for the purpose only of
purchasing the electric light and
water plant of the Virginia Electric
Power & Water Company as author
lied by the vote of the people of the
1i% 1E ~S,oS~ io1 11o
ton held December 18th, 1912.
Moved by Alderman Heritage,
supported by Alderman Harvey,
that above resolution be adopted.
Ayes: Aldermen Heritage, Har-
vey, Lundstrom, Keller, NOLAN,
Mattson, McGhee, Coffey, Mr.. Presi-
dent-9.
Nays: None.
Adopted January 28th, 1913.
Approved February 3rd, 1913.
COUNCIL CHAMBER.
Resolution No. 65S.
City of Virginia, Mimi,
January 28th, 1913.
Resolution creating water and
light fund.
By Alderman .McGhee:
Resolved, by the city council Of
the city of Virginia, that there is
hereby created Water and Light
Fund.-" in pursuance Of and for the
purposes stated in Section No. 131
of the city charter.
Moved by Alderman Heritage,
supported by Alderman Mattson.
that above resolution be adopted.
Ayes: Aldermen Heritage, Har-
vey, Lundstrom, Keller, NOLAN.
Mattson. McGhee, Coffey, Mr.. Presi-