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x.28 <br />1 <br />an extension of the time therefor be granted by the Common Council. The party whose bid is ~i <br />'', <br />accepted shall also execute and deliver to the City a good and sufficient bond, with one or ~~ <br />CI <br />mare sureties to be approved by the ~'ublic ~aVorks Committee of the City, in an amount equal I'~~i <br />i to eighty per cent of his contract price, as security for the faithful and satisfactory ful- <br />l <br />fillment of his contract. <br />i <br />section 5. That each party bidding for said construction shall accompany his bid vi th <br />~ a certified check or cash in an amount equal to five per cent of the amount of his bid, as ~~ <br />evidence of good faith, and said check, or the proceeds thereof, or said money shall be re- <br />tained by the City until a written contract is finally made, and fully executed and the bond ~' <br />i furnished and delivered, all to be done within ten days after the award of said contract. ~~ <br />~ Section 6. 1~1H "REAS the construction centem lated and <br />f ~ p provided for by this ordinance ' <br />q <br />is a necessary construction and the sewer system to be improved is in such condition that <br />I <br />its immediate improvement is essential to its safety, it is, therefore, declared that an <br />~ emer enc exists and that it is necessa for the immediate '' <br />g y ry preservation of the public peace, ,~ <br />health and safety, that this ordinance take effect at once, and it is ordered that this act ~~, <br />~~ <br />shall take effect immediately upon its passage by the Council and approval by the Mayor. I~ <br />~'assed by the Common Council Approved by the Mayor this !' <br />this 28th day of June, 19118. 29th day of June, 1918. ~ <br />i ~! <br />i <br />I <br />/s/ Henry F. Beistel ~s/ Earl L. McNutt <br />j City Recorder Mayor <br />;' <br />~~ <br />~ ' <br />I <br />~ i <br />~~ <br />1 <br />1: i <br />~; i <br /> <br />