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842 RES CITY COUNCIL AUTHORIZED AND DIRECTED CITY MANAGER TO ADVERTISE FOR BIDS• • RESOLUTION N0. 842 0 WHEREAS9 the City Council of the City of Paris has heretofore authorized and directed the City Manager to advertise for bids for one (1) 75 horsepower Motor Grader, with an alternate bid for a 100 horsepower Motor Grader; and, WHEREAS9 said bids were advertised for and were received at 7:00 o'clock P. M., on the 8th day of December, A. D.9 1958; and, WHEREAS, the following bids were received: L14RR EQUIPMENT OOMPANYt GLADEWATER9 TEXAS One (1) New Caterpillar Model 112 Motor Grader, Less Trade Inp Net Amount of Bid, $159100.00 BERRY BROTHERS MACHINERY ODMPANY, DALLAS, TEXAS One (1) New Huber-Warcot Model 4D-75 Motor Graderg Less Trade Ing Net Amount of Bid$ $12,600.00, Less two per cent (2i6) discount for cash Alternate Bid One (1) New Model 4D-85 Huber-Warco Motor Graderg Less Trade In, Net Bid, $13,000.00p Less two per cent (2p) discount for cash BROWNING-FERRIS MACHINERY COMPANY9 DALLAS, TEXAS One (1) New Galion, Model 450 Motor Grader, Less Trade In, Net Amount of Bidv $12v400.00 Alternate Bid One (1) New Galion, Model 104 Motor Graderp Less Trade Ing Net Amount of Bid, $13,033.00. AND W!-EREAS9 said bids were referred to a committeep composed of Nathan Bellp Charlie Brownv and J. M. Gladden, for investigation; andp WHEREAS9 said Committee has investigated said bids and has recoromended that the bid of Browning-Ferris Machinery Company of Dallasp Texas, for one (1) New Galion, Model 104 Motor Grader, at a net bid price of $13,033.00, be de- clared the lowest and best bid, and that the same be accepted; NOiN, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF 11-iE CITY OF PARIS, Tha t the bid of Broam ing-Ferris Machinery Company of Dallasp Texas, for one (1) New Galion, Model 104 Motor Grader, at a net bid price of $13,033.00 be declared the lowest and best bid and that the same be, and the same is hereby accepted, and the City Manager, Albert K. Steinheimer, is hereby authorized to enter into the necessary orders and contracts for the purchase of said grader. IT IS FURTHER RESOLVED9 That since the City Manager has been requested to use the old motor grader as a trade in to finance the purchase of the grader mentioned herein and to execute a conditional sales contract to the seller, payable in two (2) annual installments, the first of which to be due and payable November 1, 1959, in the amount of $6,516.50, and the second to be payable November 1, 1960, and in the principal sum of $6,516.50, which contract shall bear interest at a rate not-to exceed four per cent (4;6) per annum, and that since the seller contemplates the sale of such conditional sales contract to The Liberty National Bank in Paris, the City Manager is hereby authorized to make the necessary arrangements for the transfer of said conditional sales con- tract to said Bank. Passed and adopted this 15th day of December, A. D., 1958. ' Mayor ATTEST