HomeMy WebLinkAboutCity Council Meeting - Council - Minutes - 06/10/1912 .l X H C 45
KENT , WASH. , JUNE I091 1912.
Special meeting of the Council , held at the office of the City
Treasurer, for the purpose of considering the bids on $ 17,000,
refunding bonds, as provided in Ordinance # 297 and notices and
resolutions passe* and approved.
Present Mayor Bereiter and Councilmen Boucher , Coble , Hardy , Nad=
and Tucker.
Eight bids were opened and after due consideration and upon motion
duely made and seconded, it was decided to accept the bid of E. H.
Rollins & Sons of Denver , Colo. as being the best and most advantage-
ous bid offered, and the following resolution awarding the bonds to
them was presented and adopted unanimously:
WHEREAS, by virtue of the provisions of Ordinance # 297, of the
City of Kent , in King Counly , Washington., approved on the 6* day
of May 29i2 , the issue of general funding bonds of the said City was
authorized in the sum of Seventeen Thousand Dollars, for the pur-
pose of refunding outstanding bonds known as THE TOWN OF KENT
WATER AND LIGHT BONDS to the amount of Seventeen Thousand Dollars
and
WHEREAS pursuant to the provisions of said ordinance and the laws
of the state of Washington, the City Council , of the City of Kent ,
caused a notice to be published in the City official newspaper
as by law provided, calling for bids or proposals Oor the purchase
of the said refunding bonds , and naming June ION 1912 at the
hour of seven o'clock P. M. , at the office of the City Treasurer of
said City as the time and place for opening and considering the
said bids by the said City Council and the said City Treasurer ,
- - which notice and call for bids was in the form and substance
as by law provided , and now on this 100 day of June 1912 , at the
hour of 7 o'clock P. M. , the said City Council meeting with the said
City Treasurer at his office , in the said City , opened and proseeded
to consider the said bids , and find that the following bids are
affered:
E. H. Rollins & Sons , Denver , Colorado.
The Dexter Horton National Bank , Seattle , Washington.
Northern Bank and Trust Company , Seattle , Washington.
J. H. Chausey & Company , Denver, Colorado.
Merchants Savings and Trust Co. , Portland, Oregon.
Carstens & Earles , Incorporated, Seattle , Washington.
John E. Price & Co. , Seattle, Washington.
Hoehler & Cummings, Toledo , Ohio.
On consideration whereof the said City Council and the said City
Treasurer find that the bid of E. H. Rollins & Sons IS the best and
most advantageous bid offered; that the same is reasonable , and that
a greater or better bid could not be expected nor a lower rate of
interest secured if further bids were called, it is therefore,
RESOLVED, that the bid of the said E. H. Rollins & Sons to pay for
the said bonds the sum of Seventeen Thousand Nineteen & •9/00------
Dollars and furnish the bonds and pay accured interest on the same
to date of delivery; said bonds to bear interest at the rate of 5
f annum payable semi annually, be and the same is hereby accepted
and the sale of the said bonds to them is hereby directed, and the
Mayor and City Clerk are hereby authorized and directed to cause
the said bonds to be printed or lithographed , SAd to execute the
same on f# behalf of the City , and to Complete the sale and deliv-
ery thereof , and the redemption of the said outstanding bonds there-
with all ih accordance with the provisions of the said Ordinance #
297, at the earliest practicable date.
The Council did then adjourn to the Council Shamber for the consid-
eration of further business pertaining to the Inp. work in Imp. Diets.
# 124 & 125.
xC{ C 47
The form of the contracts and the bonds of the American
dontractlAg pompuy , for the improvement of certain streets
Included . i Districts I24 & i25 , by paving the same, were read
and approved by the Council , and the Mayor and Clerk were dir-
ected to enter into contract with them for the completion of
the said work.
Upon motion the Council did then adjourn ,
o �
City Clerk