The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-01-08

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Nsr~NesNNN~ew~sN~e~esses
fit, part thereof TO the highest and best
troller shall have the right to postpone
said award until o later date not beyond
the Eleventh t1Ith) day OF February.
Controller shan shan have the right 70 reject
q all Pd a5a r shs 9 any 70
upon aLy bid the Whole or any less num-
Der OF bonds covered by said bid, except
nss Only that 70 ponds sng 9e 500 TOT
said City. Controller shall further have the
right IN his Judgment and discretion to
AVA award ? part OF said bonds to one bid
Each and every bid or Rr9posal shall be
of the City Treasurer for sum Of money
q the face or s par value Of tie bonds ped cha sd
for or proposed to be purchased; and In
case any bid or proposal shall not be ac.
bonds thereon the certified checks " accom- N.
panying the same shall thereupon be re-
turned to such bidder Or bidders II there
the bonds upon any bid or proposal the
cernned check accompanying the same
shall thereupon be, delivered to the City
Treasurer. who shall thereupon present the
same forr, payment and shall be entitled to
collect the same and hold the proceeds
collected thereon until the completion OF
awarded and II for any reason said check
shall not be paid upon presentation. the
city shall retain said check and shall have
the right to collect the same for lts own
use. and said check and proceeds thereof
when collected shall be, taken and deemed
as seTeed and liautdated damages for such
preach OF contract. and as a. payment
In case any successful bidder shall fail
awarded and to pay for the same within
the It,s, y time and manner herein. required or
troler. the proceeds OF such certified
check deposited by, such bidder shall be
taken considered and deemed as agreed and
bidders contract of purchase. and shall
be taken and deemed as a payment 10 the
city for such DAMAGES, and shall he re-
complete the purchase Of said bonds
tilted check shall thereupon be returned
e such bidder or at the option of the
City, Controller az the time Of the com
bonds said proceeds Of said certified check
"rnay be applied and deemed a payment on
ACCOUNT Of the purchase OF said bonds.
the office of the City TREASURER Of Indian.
snolts Ind, on the LIST day of February,
on the day S bds e opened s snd aT award
Is made. be agreed upon all such deliveries
however. to be made within thirty, 1907
6s SUCCESSFUL bidder or Bidders Sa Sw shni take
and pay for the bonds awarded to him or
them at such place and time, and any
omission. neglect or refusal 40 to do shall
be a breach of the bidders contract of
bid or proposal. on account of which dam
ages shall be retained or recovered by the
City of indianapolis as liquidated as here
tofore set out.
Said bonds are offered for sale under
and by virtue of the provisions of an Act
Of the General Assembly of the State OF
Indiana. entitled.
,,ors an Warn Corgor9i
acts amendatory thereof and supplemental
thereto.
No 316 OF the Board of Public Works OF
the City of Indianapolis. Ind and To an
Ordinance Of the Common Council OF the
e1st day of December. 1925. directing the
undersigned TO issue and sell said bonds
for the purpose herein set out.
City Controller of the City of Indianapolis
IN Z Q 1909