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the bonds or rejecting all bids not later than twenty-six (26) <br />hours after the time herein prescribed for the receipt of <br />proposals; provided that the award may be made after the ex- <br />piration of the specified time if the bidder shall not have <br />given to the City Council notice in writing of the withdrawal <br />of 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 Delivery$ 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 />shall fail to execute the bonds and tender them for delivery <br />within sixty days from the date herein fixed for the receipt <br />of bids, and in such event the successful bidder shall be <br />entitled to the return of the check accompanying his bid. <br /> <br /> For~ of Bid: Each bid, together with the bid <br />check, must be in a sealed envelope, addressed to the city <br />with the envelope and bid clearly marked: <br /> <br />"PROPOSAL FOR CITY OF SANTA ANA 1962 WATER <br />REVENUE BONDS, SERIES B." <br /> <br /> Bid Check: A certified or cashier's check on a <br />responsible bank or trust company in the amount of $10,000, <br />payable to the order of the city must accompany each proposal <br />as a guaranty that the bidder, if successful, will accept and <br /> <br /> <br />