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HomeMy WebLinkAboutContracts & Agreements_3-1929 ASSIGMMW OF S DO ACHE MUMO SI -CITY Old MMMS INSTALLINGS, DAM NOVEMBM In consideration of $1.00 and other a consideration,, receipt of which is hereby aclmowledge4 the Acme Traffic Signal Company, a corporation does hereby transfer, assignsello set over unto the Citizenstics Savings Bank of Los Angeles its mmessors orpayments,, monies, warrants, certificates and other evidences f indebtefteset and all proceeds of every kind a whatsoevers, and alll, other rights and Interests d Acme Traffie Signal Company now has and may hereafter become en- titlecto and also 612, causes of actione legal and equitable accrued or hereafter accruing to said Aame Traffic S /or 'by virtueof that certain contract exeeated the City of Redlands, 1W its lbyor and City Clerk: and said Acme TrafficSignal Company, for fit Signal Heads and One Timor, and the necessary labor and material,, sWplies, equipment and appawatus, to woll and truly per- fo= in a workv"'All1re the installation of said Ame Traffic Signal Head and Timer complete and ready for use on the intersection of STATE D ORANGF, STPMR, In the City of Redlands,, which said Contract is dated b liths 1929is hereby referred to for Par- ticulars: And e Ame Tmffic Signal Company hereby authorizes and directs said Oity of ReModds d all of its officials to deliver to said Citizens National Trust A Savium Bank of Los A-ageleag its successors or assigns all payments, monies, warrants, certificates , other evidences of i e s, and all proceeds of every Idnd and nature whatsoever, and aW and all ri&ts and interest that the SaU Acme Traffic Signal CODWauY nowscar MY hereafter 'become entitled to and to all causes of action, legal and equitable accrued or her to mid A=e Traffic Signal Company under/or by virtue of the contract above described. 12T WITMS whereof said Aams Traffic Signal Coqpamy has caused this assignment to be executed in its corporate name by its Fresidmt and Secretary then to duly authorized, pursuant to a resolution adopted by its Execative Comittee -under date O /- at a regularly eet , at which a majority of said Board were present,, and its corporate seal affixed, ACME O ST President secretary ACCIPM.- CITY or S mayor City Clerk G p s w - srr cb al a j� uf FIs STREET TRAFFIC REGULATORS lli [15 NORTH AVENUE 24 GAP,TO�5995 Los 1n9eles, California November 7,, 1920. City Clerk, City of Redlands9 Redlands$ Calif, Dear Sirs Enclosed find contract in duplicate for the insts llation of 'traffic signals on the intersection. of State and Orange Street in your citye We have ode this contract .dor the full amount of 1775.00, and will allow you a discount of 31, to the amount of ;;x55.25, and which will make the amount of y 1721.75. Kindly have this executed and return to us our copy. Trusting this will meet with your -approval, we are, Yours very truly, 9 -& }�� [4�1 I� ..y -gam ih�:iS @ 1LL S O CONTL-I"CT FOR FURNISHING AND INSTALLING TRAFFIC SIGNnLS CITY OF REDLANDS THIS AGREEMENT, made and entered into this 6th day of November, 19290 by and between the City of Redlands, California, and the Acme Traffic Signal Company, a corporation, hereinafter called "Contractor. " VITNESSETH: That the part-jes heteto have mutually covenanted and agreed and by these presents do covenant and agree with each other as follows: shat the Contractor hereby agrees to furnish Four Acme Traffic Signals Heads and One Timer and the necessary labor and material, supplies, equipment and apparatus, to viell and truly perform in a workmanlike manner, the installation of said Acme Traffic Signal Heads and Timer complete and ready for use on the intersection of, STATE hND ORANGt; ;j`Y:`EET. in the City of Redlands, all of which shall be done and furnished in strict accord=ance with the ordinance covering said electrical work in the City of ±kedlands* in consideration of the premises the party of the second part agrees to pay to the said party of the first parte on or before the price bid for said traffic signals and timer February 1, 193 0, and for said work, the sum of One 'khousand Seven Hundred and Seventy-- Five Dollars 0,1177 5.00) . It is further understood and agreed that the Contractor will allow the City of Redlands a discount of 3% bf the total amount mf bid is paid on or before F.bruary 1, 1930. It is further underttood and agreed that the Contractor 1 will move one of the standards when a certain widening proceeding is carried out at the intersection of State and Orange. The Contractor guarant6es all Semaphore mechanism and will keep the same in repair for a period of five yearso except in case of accidents. r r 6 el --W—AL"w-ki IIS ITITNESS '�H�he City of Redlands, a municipal corporation, has caused this instrument to be executed on its behalf by the Mayor of the Cityof Redlands, and attested by its City Clerk, The Acme Traffic Signal company, a corpovation, has caused the same to be executed on its behalf by one of its officers thereunto duly authorized the day and year first herein above writtem. THE CITY OF REDLANDS -- Mayor . TT . 1�Cr+iE TIS':! SIGN�JL COP�lPj�NY 9d9wker By Secretary. r