05-03-1949 Special Meeting - Laserfiche WebLink

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278 i Aa an alternate bid Dal the X75,400 Street Improvement Bawds we b3,d yon par awl aoorued iatersst to date of delivery plus s. Dash pre~aiua of ~ 2l~,.OOfor Bonds oo~- taining an optioa for their redemption acre any interest paying date an or titter 15 years loom their date, far Bawds bearing interest as follpwta 3~ an ail Bawds mt-tnring 1960 thru 1969 and am all Bonds maturing 19 thru 19 Total interest oust to maturity date ~1.~,660.00. It is a~seed that all Bonds .will be dated asd matare as shoMm an the Xosine of Sale. zhe payimg agent shall be the 'First ]iatianal Bank, La Porte, Teucae. It fa agreed that this is a bid for all `or nacre of the X100,000 of Gonda, Ths City agrees that it will oa~sider all bids an this 8a~ basis and not as separ- ate bids Por eaoh issue. Thin Bid is sub~eot only. to delivery ,within I~5 deers fsam Ns3r 3, 19,49, sad to the unqualifiid legal opinion of Yessers. Yiasaaa, Blkias, iKeeme awl Fraaois, $oustaa, Texas . The City will pay all ezpeases inoiiexit to the issuanee and dsl9.very oP .these Bands, at aa3r BauY in Austin, Texas. The City .agrees that it will oooperate ~irith the suoceastul bidder is seouring.ths legal opiaian o! a~i other attorney, ho~aver, the bidder agrees to pay alI eacpes- ses of snob additioosal epiniam, and it is further agreed t}iat thin sale shall not be sub3eat to say opinica- other than that ai' 9inaaa~, Blkins, keens ~ Fra~rois. _As evidenoe of our good faith we hand you herewith a Ctahier~s Cheat is the aa- ount o! X2,000:00, this oheok to be held by the City, ineashed, mil ws have oomplied with the terms of this Bid and then returned to us, or~ahould wee-tail or rettise to Damply with the tersas of th3a bid them this oheo]c shall be Dashed a~ad the prooeeda aoospted by the City as fall acrd oonplete liquidated damages.. The C31$r reserves the right to reheat anpr or all bide. xeapeotfally subnitted, Sfgned YvClung b 8niekerbablosr &~nest L. Brerm, Jr. Aooepted by uaeainous vote of the City Cdimiasian of La Porte, Teucaa, this the 3~ ~ of w4Y~ 1`~9• Attest: d. B. ~tuldoao~ B. J. Pfeiffer y so rY Yom' Carried.