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x322 <br />UNLESS AN EXTENSION OF THE TIME THEREFOR BE GRANTED. BY THE COMMON COUNCIL. THE PARTY WHOSE <br />BID IS ACCEPTED SHALL ALSO EXECUTE AND DELIVER TO THE CITY A GOOD AND SUFFICIENT BOND, WITH <br />ONE OR MORE SURETIES TO BE APPROVED BY THE PUBLIC CORKS COMMITTEE OF THE CITY, IN AN AMOUNT <br />EQUAL T0IEIGHTY PER CENT OF HIS CONTRACT PRICE, AS SECURITY FOR THE FAITHFUL AND SATISFAiITORY <br />FULFILLMENT OF HIS CONTRACT. <br />SECTION S. THAT EACH PARTY BIDDING FOR SAID CONSTRUCTION SHALL ACCOMPANY HIS BID WITH <br />A CERTIFiEO CHECK OR CASH AN AMOUNT^."EQUAL TO FIVE PER CENT OF THE AMOUNT OF HIS BID, AS EVE <br />IDENCE OF GOOD FAITH, AND SAID CHECK, OR THE PROCEEDS THEREOF, OR SAID MONEY .S HALL BE RE- <br />TAINED BY THE CITY UNTIL A WRITTEN CONTRACT IS FINALLY MADE, AND FULLY EXECUTED AND THE <br />BOND FURNISHED ANDOELIVEREO, AlL TO BE DCNE WITHIN TEN GAYS AFTER THE AWARD OF SAID CONTRACT. <br />SECTION 6. WHEREAS, THE CONSTRUCTION CONTEMPLATED ANO PRO VIDED FOR BY THiS ORDINANCE <br />IS A NECESSARY CONSTRUCTIO AND THE SEWER SYSTEM TO BE IMPROVED IS 11d SUCH CONDITION THAT iTS <br />IMMEDIATE IMPROVEMENT IS E6SENTIAL TO ITS 6AFETYr,~~T IS, THEREFORE, DECLARED THAT AN EMERGEN- <br />CY EXISTS ANO THAT IZ IS:"NECESSARY FOR THE IMMEDIATE PRESERVATION OF THE PUBLIC PEACE, <br />HEALTH AND SA FETY, THAT THIS ORDINANCE TAKE EFFECT AT ONEE, AND IT IS ORDERED THAT TH-S <br />ACT SHALL TAKE EFFECT IMMEDIATELY UPON ~DTS PASSAGE BY THE COUNCIL AND APPROVAL BY THE <br />MAYOR. <br />PASSED BY THE COMMON 'COUNCIL <br />THIS 18TH DAY OF AUGUST, 1949. <br />f~1 HENRY.F. BEtSTEL <br />C•4TY'..RECORDER <br />APPROVED BY THE MAYOR THIS <br />19TH DAY OF AUGUST, 19.49. <br />/s/ V . E. JOHNSON <br />uIAYOR <br />1 <br />1 <br />1 <br />