1984 Ordinances - Laserfiche WebLink

Home Browse Search

good order and condition, &nd that 'the rights and~ privileges herein granted shall be subject to all la~ful ordinances now in effect or hereafter adopted under the police powers vested in the-Council of the City of Portsmouth, or in the regulation of public service corporations in the City. 1t. Nothing in this ordinance shall be construed to grant to the Grantee any exclusive right of franchise. 12. Ail bids for the franchise, rights and privileges hereby granted shall be submitted in writing as required by law, and each bidder shall file with his bid a certified check drawn on a bank authorized to do business in Virginia executed in favor of the Grantor, for the sum of Five Thousand Dollars ($5,000~. which shall be held by the City Clerk upon the following conditions: (a) That if the bid is accepted and an ordinance ~ubstantially in the form of this ordinance is passed granting to the bidder the franchise, rights and privileges herein set forth, then the bidder will, within thirty days (30) from and after the time at which this ordinance shall become effective, file a written acceptance of same with the City Clerk sub- stantially in the form hereto annexed. (b) That at the same time said written acceptance is filed, the bidder will execute and file With the City Clerk a bond in favor of the Grantor in the amount of Five Thousand Dollars ($5,000) Kith good and sufficient security, and will at all times cqmply with all terms, conditions, and obligations imposed by this ordinDnce, and will pay the cost of the adver- tisement hereof. In the event of the failure of said bidder, whose bid is accepted and to whom said grant is made, to so file said written acceptance or give such bond within the time herein before prescribed, then the said certified check accompanying said bid shall thereupon ~pso facto be forfeited to the Grantor, and shall immediately be and become the absolute property of and payable to Grantor, without offset, as liquidated damages. U~on the acceptance by the Council of the bid of the successful bidder, the City Clerk shall return to the unsuccess- ful bidders his certified check filed by them respectively with their bi~s, and shall hold the check of the successful bidder until the written acceptance and bond required under ~S12 and 13 of this ordinance shall have been fitad. Thereupon said City Clerk shall return to such successful bidder the certified check accompanying ~he Grantee's bid as aforesaid, and shall hold ~he ~ond given by said Gransee upon the conditions herein specified.