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1205 ORD AWARDING CONTRACT FOR SALVAGING CERTAIN CAST IRON PIPE WITH ALL APPURTENANCES LOCATED AT CAMP MAXEYORD INtINCE NUMBER 1205 AN ORUIItir1NCE liVdiiRDIA1G ti COP?TRtiCT FOR THE :.ALVriGINC,r QF C~RTAIAt CAST IROR PIPL WITH ALL APPURTENr1NCES I,OCxTED t;T CADdP MAXEY,TEXf;S, r'iND FOR REMOVII!G tiltiD HitULING S"E TO THE NORTH i:i,h.IN eaTkEET VVr"iR.+'HOUSE tiI' `I'HE CITY OF PARIS, AUT'HORIZING `T'HE :vit,YC3R TO EXE CUTE , IN BEH.ALF+' OT+ THE C ITY OF PARIS, r1 CONTFciiCT TrZEREFOR, PRdV IliING FOR TtIE I!~SUtsNCE Oi+ I'IPkE 6'ihRRIa,1V'TS IA1 PAY- MIENT OF PART OF THE CONTR.~:CT PRICE TIf-~kEOF rtND PRpV ZL' ING FOR Ts3E LEVY r"iND COLLECTIUAT GF A T:~X FOk RETIRr+,'u:EATT OF SUCH TIIVE S;ARRANTS xND Pi,MIENT OF IrITEREST T.H~EREON. HEREAS, The City oP Paris owns approximately 30,150 feet of cast iron pipe loc4ted at Camp Niaxey, Texas, and there is a necessity for salvaging same and removing it, togetb.er with all appurtenances t2:ereto to the 2'vorth Main Street y:arehouse of said City, a.nd 'EREAS, the City e#5utati; of the City of Paris, by reso- d,F luticn duly passed on September 26, 1949, caused the i:iayor of the scid City to publish in aecordance with law a notice to bidders for sealed propoeals for a contr•act for such purposes, and of the City' s lntention to issue time ivarranta in pay~'jent of the contract griee, which notice v.as dulq published in the .!:'aris Elews on September 28, 1949, and on Uctober 5, 1949, and wHEREriS, all sealed proposals submitted in aecordance r,ith said notice tiaere duly opened and eanvassed by the City Couneil in S~pecial ifeeting at the usual place of council meetings in the City T_-Iall of the City of Paris on Oetober 14, 1949, and the lowest and most advantageous bid for such work was subrnitted by Rector Construction Co., Inc., of D'allas, Texas, for the totEl contract price for such work in the sum of ,17,885.30, en. d Gi~fiEREAS, it is necessary that time tivarrents be issued by tiie City of Paris in payment of the ccntract price for such work and that a tax be levied and collected on all taxable property wztY!in said city sub ject to taxation ta pay off and retire sueh time warrants and to pay the interest thereon, and W~~l~.EhS, no petition to the governing body F aris reque sting the subnission to a referendum tion as to cvhether such pantratt shou'd be 3et~ as to whether time vzarrants should be issued in contraet has been filed by the qualified. voters re c,uired by law, and of tl-e Cityr of vote of the que s- :nd ~ dwards.d or payment of such of said City as it is to the best interest of the City of Paris that such contruct be entered into vqith the said Rector Constru- ction Co., Inc., of Dallas, Texas, for such work, IVTJ`:~ T':~~;RL+'FJi-E, Ba~ IT ORD AZI?EU BY Ti'.:~ CITY COUP:CIL Os+ THE CITY OF PaRIS : 1. That the City of Pariu make and enter intv a contract vTith Rector Constructicn Co. , Inc., of Lallas, Texas, for the salvaging of approximately 30,150 feet aP cast iron pipe owned by the City of Parig, together with all appurtenances thereto, ].ocated at Camp -exey, Texas, and for the 'riaulin.g and removing ss.me to the North. .111ain Street ~:arehouse of the City of Pari s, at the cost submitted by said company in its sealed proposal, that is, for salvaging sueh pipe and appurtenances the sum of ~;14,997.30 and for removing and hauling same the sum of .~2,888.00, the total eontract price being in the sum of SEVENTEEN THi3iTS;sND i;IGH`P I1TJT;DRLD EIGLiTY-FNE 8Ild 50%100 DOLLi=iFtS ($17,885.30). tir&ld contrect shall contain a11 the provisions i!f the notice to bidders instructions to bidders, proposal forms, plans, specitications and contract documents issued by said City of Paris in connection vaith the notice to bidders. The description of the cast iron pipe and appurtenances to be salvaged, remoeed and hauled is as Polloqs: 1850 fe et cast iron pipe - 20 ineh 6000 feet 16 inch cast iron pipe 3,000 feet 12 inch east iron pipe 12,590 feet 10 incla cast iron piPe 1500 feet 8 inch cast iron pil;e 5000 feet 6 inch cast iron pipe 50 three way fire hydrants 15 six-inch valves and boges 10 ten-ii:ch valves and boxes 4 twelve-ineh valves and boxes 2 twenty-inch valves and boaes reserves the right to The City of 1'aris/delete frori the removing and haOLling tioned any items it desires to leave on the land rvhere end to deduct from the contract price the pro rata cost he re in me n- it is salvaged thereof. 2. Tiiat the i.iayor be, and ne is hereby authorized and diredted to execute a coatract for the performance oP such work by Reetor Construetion Co., Ine., oP Dallas, TexKS, in behEilf of the City of Paris at the contract price hereinabove set out. 3. That time warrants of the Cit ~P aris, Texas, be iffisued to the contractor for the payment oY/~~- cg9tract price as follows; I~ro. One for the sun of *43,OOO.QO, dated December 1, 1949, pa:,able to Hector Construction Ca., Inc., or bearer, due on or before December 1, 1950, bdaring inte re st Prorl date until paid at t he rate of f'our pe r ce nt pe r annum. PTo. Two for the sum of :Y3,000.00, dated Lecember l, 1949, payable to Keletor Construction Co., Inc., or bearer, due on or before Deeerriber 1, 1951, bearing interest fror.i date until paid et the rate oP four per cent per annum. P:o. ThreE for the sum of ~3,000.00, dated "ecember l, 10,49, payable to Rector Construction Co., Inc., or bearer, dus on or bePore December 1, 1.952, bearing interest fi,on date until lyaid at the rate oY four per cent per annum. No. Four for the sum of 43,000.00, dated liecember 1, 1949, payable to Rector Construction Co., Inc., or bearer, due on ar before December 1, 1953, bearing interest from date uutil paid at the rate of four per cent per annum. No. Five Por the sum of ~3,000.00, dated Decenber 1, 1949, payable to Rector Construction Co., Inc., or bearer, due on or bef'ore necember 1, 1954, bearing interest frori date until paid at the rate of four per cent per annum. Intere st on e a ch warrant is paqable annuel ly . 4, That ttaere sriall be, and is hereby levied and ordered to be collected annually hereafter a tax of $.025 on eaeh and every ~I00.00 of the assessed val.uation of all property of every descrip- tion sub ject to taxstion within t he corporate limits of the City oP Paris Por paying interest and creating a sinking fund for the retirement oY the above mentioned irime warrants. Such taa ahall be levied and collected eaeh year hereaYter until such war- rants and all interest thereon are paid in full. Passed by tiie City Council of the City oY raris in suecisl meeting this the 14th day oP October, 1949. W ~ Mayor pro tem ATTEST: City Clerk