HomeMy WebLinkAboutOrdinance 523 ORDINANCE VO *P: . O
AN ORDINANCE TO BE ENTITLED, "AN ORDINANCE CONTRACTING WITH MORENO-
BURKHAM CONSTRUCTION COMPANY, A CORPORATION , TO REPAIR AND MAKE IMPROVE-
MENTS ON CERTAIN STREETS WITHIN THE CITY OF FAYETTEVILLE , ARKANSAS , AND
TO FURNISH THE NECESSARY MATERIAL , WORK AND LABOR FOR THE SAME, AND TO
PROVIDE FOR THE PAYMENT OF SAID MATERIAL , WORK AND LABOR" .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS :
SECTION ONE : That repairs and improvements be made upon the fol-
lowing streets in the City of Fayetteville , Arkansas , at the places
herein named, to-wit :
X:1�P�„n„-� �-v-e- -...Q, -G� �-e-as�u�-J' �J•�%z-�2�1 Qom"-.�,,�2 �n�
1�.p•��e �,�„��/ rte ��rr- . -�a-:_�� ����ee��.�eeC��- ,.._��-
SECTION TWO : That said improvement shall consist of paving the
intersections " of said streets and the construction of necessary cul-
verts and drains to take care of the drainage which must pass under
the paving from the adliegnt territory next to said intersection of ,
said streets .
SECTION THREE : The City of Fayetteville , Arkansas , by the City
Council of said City hereby contracts with the Moreno-Burkham Con-
struction Company, a corporation, to do and perform the work and
labor and furnish the necessary material for the repair and con-
struction as herein set forth on said streets , and at said inter-
sections of streets as herein mentioned, said improvements to be
according to the plans and specifications on file in the office of
the City Engineer of the City of Fayetteville , Arkansas . The City of
Fayetteville agrees to pay to said Company for the same as follows :
/re o�
A ,0
R
_ 1 _
For all work , labor and material furnished, the City of Fayetteville ,
Arkansas # agrees tolpay as follows : \
quare yards of asphaltic pavement @ the yard, 3 GDD \�
lD D D square yards concrete pavement @ 3 � per
square yards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 ea
Total amount to be paid by the City of Fayetteville in this contract
is the sum of Fifty-Kine Hundred and Four ( $5904) Dollars , which amount
the Cpuncil finds to be a fair and just compensation for said material
furnished and work and labor to be performed in such improvement .
SECTION FOUR : Upon the completion of repairs and improvements upon
said streets , at the places hereinbefore described , by said Moreno-
Burkham Construction Company, a corporation, and the acceptance of said
materials used and work and labor done in said repairs and improvements
by the City Council of the City of Fayetteville , Arkansas-- said City of
Fayetteville agrees to pay said Moreno-Burkham Construction Company, a
corporation, Fifty-Nine Hundred and Four ( $5904) Dollars to be paid out
of the General Revenue Fund of said City by warrants drawn in favor of
said Moreno- Burkham Construction Company, a corporation, or bearer,
payable in the following amounts and on the following dates , to-wit :
First year , August 1 , 1925, $738 . 00
Second year , August 1 , 1926s 705 . 20
Third year , August 1 , 1927 , 672 . 40
Fourth year , August 1 , 19288 639 . 60
Fifth year, August 1 , 19299 606 . 80
Sixth year , August 1 , 1930s 574 . 00
Seventh year , August 1 , 19310 X541 . 20
Eighth year , August 1 , 1932, 508. 40
Ninth year , August 1 , 19339 475 . 60
Tenth year , August 1 , . 1934, 442 . 80
If the City of Fayetteville . makes default in the payment of any one
of said sums , when the same becomes due and payable , the City of Fayette-
ville agrees and stipulates with the owner of the warrant , representing
the amount of the sum in which the City has defaulted in the payment of ,
1
to pay said owner of said warrant the sum of eight per cent interest per
annum on said warrant from the date of such default , until the said sura
of is fully 'paiid, as an agreed and stipulated amount on the part of the
City of Fayetteville , for' its • failure to perform its contract with said
Moreno-Burkham Construction Company, a corporation , or the owner of
said warrant .
SECTION FIVE : This contract shall be binding upon the City of
Fayetteville, Arkansas , from and after the passage , approval and
publication of this Ordinance , and the . acceptance of the same by the
said Mmreno-Burkham Construction Company, a corporation, in writing
filed in the office of the City Clerk of Fayettevil]e , Arkansas , and
compliance with its terms by said Moreno-Burkham Construction Company,
a corporation, on its part .
The City of Fayetteville , Arkansas , hereby pledges itself and all
of its officers to the faithful performance of this contract as herein
set forth in this Ordinance , upon the full performance of the contract
herein set forth on the part of said Moreno-Burkham Constructinn Company,
a corporation.
SECTION SIX: This Ordinance shall take effect and be in force from
and after its passage , approval and publication .
Passed and approved this 28th day of July, 1924 .
Approved • 0JUA % IA IA/4�
Mayor
Attest :
er r.