1601 RES CITY COUNCIL APPROVED ADVERTISEMENT FOR BIDS

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ARTICLE 3. THE CONTRACT SUM The Owner shall pay the Contractor for the performance of the Contract, subject to additions and deductions provided therein, in current funds as follows: BASE PROPOSAL: For all materials and equipment necessary for complete installation of the VAL 1 Sign Machine and all appurtenances thereto and 100 STOP sign faces consisting of 50 - 30" octagon and 50 - 24" octagon for the sum of TWO THOUSAND SIX HUNDRED SEVENTY-FOUR DOLLARS AND FIFTY-ONE CENTS, ($2,674.51). ARTICLE 4. ACCEPTANCE AND PAYMENT Payment shall be due thirty days after completion of the work provided the work be then fully completed and the contract fully performed. Upon receipt of written notice that the work is ready for final inspection and acceptance, the Owner shall promptly make such inspection. If, when the Owner finds the work acceptable and the contract fully performed, he shall promptly issue a final certificate, over his own signature, stating that the work provided for in this Contract has been completed and is accepted by him under the terms and conditions thereof, and that the payment found to be due the Contractor, and noted in said certificate, is due and payable. Before issuance of payment the Contractor shall submit evidence satisfactory to the Owner that all indebtedness connected with the work have been paid or otherwise satisfied. ARTICLE 5. THE CONTRACT DOCUMENTS The Invitation for Bids,Instructions to Bidders, Proposal, General Conditions,and General Requirements, together form the Contract and they are as fully a part of the Contract as if fully repeated herein and are attached hereto as Exhibit A. IN WITNESS WHEREOF the parties hereto have executed this Agreement the day and year first above written. CITY of PARIS by : F. D. Ma ory, III, Mayor ATTtS7: H. C. Greene, City Clerk