Image
Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
Details
Member of
More Info
Rights
Digital Provenance
Publisher
Transcription
? ? ? ? ? ? ? ? ? ? ? - 2 - ttia fiscal agent of the District as specified In the notice of bid at Los Angeles* Chicago, or Hew York, would be selected by the bidder as permitted nnder the notice and invitation to bid. 2. Mr. Patrick JT. Ryder, on behalf of Shields and Company, submitted an offer of §8,700,000.90 for the purchase of §8,700,000.00 of bonds, all of which would bear interest at Payment for said bonds would be marie not later than September 14, 195b, identified as the closing date. In the event this offer was accepted, it would constitute an agreement to become effective only upon a public offering to be made by Shields and Company by publication or other-vise prior to September 1, 1954. In the event no public offering was made, all parties would be released from all responsibility. In the event a public offering should be made prior to September 1, 195-*» and the payment not be made before the dosing date, September 1^» 195**. the sum of $200,000.00 to be deposited by the bidder, would be forfeited as liquidated damages. M s bid was further conditioned upon the procurement of grants of right of way from Basic Management, Inc. in form satisfactory to the bidder prior to the dosing date, in relation to any and all water mains through which water is furnished to the District. The bid was not accompanied by a cheek In the amount of '200,000.00 as specified in the Invitation to bid and Mr. Beebe of O ’Melveny A Hyers, bond counsel for the District, ruled that the bid was not responsive to the invitation and should not be considered by the District, 3. Mr. D. B. Bonnlswell, on behalf of Ira Faupt and Co. and 0ruttendon and Co. and associates, offered $8,708,691.38 for $8,700,000.00 of District bonds. Said offer was accompanied by a check in the amount of $200,000.00. Bonds maturing in the following years were to bear interest as follows: 1957 - 1962 1963 - 1967 1968 - 1974 1975 - 1980 1981 - 1989 1990 6$ M3 - 3 /M 3.90$ 4 . 1 0 $ 3.70$ All bonds are to be delivered at the same time, with the check to be forfeited in the event of acceptance of offer but failure of performance by the bidder. Said bonds should be delivered within 30 days from acceptance of award as specified in the Invitation to bid. This bid does not require that the Water District consummate the transfer of title with the Das Vegas lend and Water Company prior