Laserfiche WebLink
City Bo~ds G/O <br />Notice Inv. Bids <br /> <br />from the date of said bonds to the respective maturity dates <br />thereof at the coupon rate or rates specified in,the bid, and <br />the award will be made on the basis of the' lowest net interest <br />cost to the city. The purchaser must pay accrued interest <br />£ro~ the date of the bonds to the date of delivery. Such <br />accrued interest, if any, shall be computed on a ~60-day <br />year basis. The cost of printing the bonds will be borne by <br />the city. <br /> <br /> RIzht of Rejection: The city reserves the right, <br />in its discretion, to reject any and all bids and to the <br />extent not prohibited by law to waive any irregularity or <br />lnfo~mality in any bid. <br /> <br /> ~ompt Award: The city will take action awarding <br />the bonds or rejecting all bids not later than twenty-six (26) <br />hours after the time herein prescribed for the receipt of pro- <br />posals; provided that the award may be made after the expira- <br />tion of the specified time if the bidder shall not have given <br />to the City Council notice in writing of the withdrawal of <br />such proposal. <br /> <br /> Place of Delivery: Delivery of said bonds will be <br />made to the successful bidder at Jeffries Banknote company, <br />117 Winston Street, Los Angeles, California, or at any other <br />place agreeable to both the successful bidder and the city. <br /> <br /> prompt Dellver~$ Cancellation for Late Delivery: <br />It is expected that said bonds will be delivered to the <br />successful bidder within, thirty days from the date of sale <br />thereof. The successful bidder shall have the right, at his <br />option, to cancel the contract of purchase if the city <br /> <br /> <br />