Evening star., 1895-01-24

or the United states Is nerepy pieuSeo lHdl
the United States will, by proper propor-
tional appropriations, as contemplated In
the act of June IL, 1878. to provide gov
eminent for the District of Columbia, pay
the interest on said bonds as the same may
become due and payable, and create a sink
ing fund for the gradual redemption or
payment of the principal thereof at ma
turity, one-haf the amount of which shall
be expended under the authority OF This
section to be charged against the revenues
of the District Of Columbia.
The principal and interest upon said
bonds shall be made payable at the treas.
ury of the United States. Said bonds shall
be numbered consecutively and registered
in the office of the register of the United
States treasury, for which registration
the Secretary of the Treasury shall make
such provision as may be necessary. ANY
of the bonds hereby authorized may be
called in for payment, in numerical order,
after the expiration Of ten years from
July I, 1894, by the said treasurer or the
United States. by circular notice maiieo
to the recorded address of holders OF the
bonds SO to be called, or the representa-
tives Of such holders describing said bonus
by their numbers; and interest on the
bonds 20 selected for payment snail cease
at the expiration of thirty days from the
date of mailing such notice.
Whenever any money shall be required
to meet the obligations incurred under
this act the Commissioners OF the DlStrlct
CT Columbia shall notify the Secretary OF
In order to provide for the same the
treasurer of the United States shall be.
and he is hereby, authorized and directed.
from time to time. to sell and dispose OF
any Of the bonds prepared under this act,
at not less than their par value. to the
most favorable bidder or bidders after
having advertised the same for ten con-
secutive days in two daily newspapers IN
Washington city and two in the city OF
New York. the bids to be opened under
such regulations as may be prescribed by
the Secretary of the Treasury. and the
award to be subject to his approval, end
the proceeds of all such sales shall be
covered into the treasury of the United
States, subject to the reQuiSition Of the
Commissioners of the District of Columbia.
to be applied by them solely in payment
of expenses incurred under the provisions
of this act. and to be accounted for as Is
required in the settlement Of other ex-
ponditures Of the District. The Cominis-
sioners of the District of Columbia are
hereby authorized and directed to provide
for the payment of all expenses connected
with the engraving. issuing, advertising
ard redemption of the aforesaid bonds
upon vouchers to be approved by the treas
urer of the United States.
The Commissioners of the District OF Co
lumbia shall invite proposals for the work
provided in this act. and where the total
cost of any item of said work shall exceed
the sum Of $1,OOO notice shall be given In
one newspaper in Washington city, in said
District, and if the total cost of any item
shall exceed the sum of 5000. then in one
newspaper in the city Of Washington and
one in each of the cities Of New York, Phil
adelphia and Baltimore for one week. such
advertisement to refer bidders to plans and
specifications for the work proposed to be
done; and the lowest responsible bidder for
the kind and character of the work which
the Commissioners shall determine upon
shall in all cases be accepted: Provided,
however, That the Commissioners shall
have the right in their discretion to reject
any and all such proposals: Provided fur
ther. That work capable of being executed
under single contract shall not be SUD-
divided so as to reduce the sum OF money
to be paid therefor to less than $1,000:
And provided further, That if in the judg-
ment of said Commissioners the public in
terests will be promoted thereby they may
furnish to contractors certain OF the ma
terialS necessary in the execution OF the
works herein required to be done and pay
for said materials out of the proceeds of
the sale of the bonds herein authorized.
All contracts for the construction of the
work herein provided for shall be made and
entered into only by and with the official
and unanimous consent of the Commission
ers of the District of Columbia. and all
contracts shall be copied in book kept for
that purpose, and be signed by the Com
missioners, and no contract involving an
expenditure of more than $500 shall be valid
until signed and recorded as aforesaid. And
good and sufficient bonds to the United
States in a penal sum of not less than the
amount of the contract, with sureties to be
approved by the Commissioners Of the Dis
trict Of Columbia. shall be required from
all contractors, guaranteeing that the terms
of their contracts shall be strictly and
faithfully performed to the satisfacti of
and acceptance by said Commissioners; and
that contractors shall keep the work per-
formed by them in repair for a term of five
years from the date of the completion of
their contract, and ten per centum Of the
cost of all new work shall be retained as
additional security and guaranty to make
good defects in the original construction
and to keep the same in repair for said
term, which said per centum shall be held
or invested by the treasurer of the United
States now provided by law for moneys
retained under contracts with the District
of Columbia.