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(labor and materials)in a sum not less than one hundred percent (100%) of the amount of <br /> said bid. <br /> Section 6. The sealed proposals or bids shall be delivered to the City Clerk of the <br /> Town on or before 2:00 p.m. on the 13th day of May 1999, at the Office of the City Clerk <br /> in the Town Hall, 26379 Fremont Road, in the Town, said time being not less than ten <br /> (10) days from the time of the first publication of said Notice. Bids will be publicly <br /> opened, examined and the Council will take action awarding the contract or rejecting all <br /> bids not later than thirty(30) days after the expiration of the time prescribed for the <br /> receipt of bids; provided that the award may be made after the expiration of the specified <br /> time, if the bidder shall not have given to the Council notice in writing of the withdrawal <br /> of such bid or proposal. <br /> Section 7. The City Council of the Town hereby reserves the right to reject any <br /> and all bids. <br /> PASSED AND ADOPTED this 15th day of April , 1999. <br /> By: <br /> Mayor <br /> ATTEST: <br /> City Clerk <br />