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~82 <br />extension of the time therefor be granted by the Common Council. The party whose bid is <br />accepted shalt also execute and delver to the city a good and suffici_er_t bond, with one <br />or more surities to be al~pr. owed by the Public ti~7orks Committee of the City, in an amount <br />equal to eighty per cent of his contract, price, as security for the faithful and satisfact- <br />cry fulfi llment of his contract. <br />Section ~. That each party bidding for said construction shall accompany his bid with <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 CitS- until a written contract is finally made, and fully executed and the <br />bond furnished and delivered, all to b~ done v~rithin ten days after the award of said contract. <br />section 6. ~dVIiERL~;A,S, the construction contemplated and provided for b~* this ordinance, <br />is a necessar~r construction a.nd the sewer system to be unproved is in such conditior_ that <br />its immediate improvement is essential to its safet~T, it is therefore, declared that ar_ <br />emergency exists and that it• is r_ecessarv for the immediate preservation of the public peace, <br />health and safety, that this ordinance take effect at once, and it is ordered that this act <br />shall take effect immediately upon its passage by the Council and approval. by the Mayor. <br />Passed by the Common Council Approved by the l~riayor this <br />this 27th day of September, 1yL48. 28th day of ileptemher, 198. <br />/s/ Henry F. Beistel /s/ Earl L. %~cPdutt <br />City Rec.or er ayor <br />• r <br />1 <br /> <br />