Fort Pierce news. (Fort Pierce, Fla.) 190?-1920, 1909-02-12

vided, and at any such letting shall re-
ouire from the contractor or contractors
performing such work, sufficient bonds
or other secucity for Its faithful per.
Torrance according to the specifications
and contract to be entered into in that
regard; Provided, That in case the
Trustees do not receive satisfactory
bids for the road work. that they may
at their discretion and with the consent
of the County Commissioners be author
lied to purchase such machinery as
deemed best and let the work by
contract.
COMPENSATION OF TRUSTEES.
Sec. Is. Said Road Bond Trustees
shall be allowed from the proceeds Of
the bonds three dollars $500 per day
for such time actually engaged in the
work, and expenses, said expenses to
be approved by the Board Of County
Commissioners.
Sec. II. No Road Bond Trustee shall
be or become personally interested in
any contract let for or concerning any
road or work done, performed, or TO be
done or performed for said county, or
in the sale or furnishing Of any mater
ial or labor for such work, or any part
thereof, or shall directly or indirectly
] be or become personally interested
therein, or to have or receive any con-
mission, fee or gratuity in regard
thereto, and any such person violating
any provision OF this section shall,
upon conviction thereof, be punished
by fine not exceeding one thousand dol.
lars (el, 100000 or by imprisonment not
exceeding one year, or both, in the
discretion Of the court.
| REPORTS.
Sec. Is. The said Bond Trustees
shall quarterly, on such day As may be
required by the Board Of County Com
missioners, render report to the said
Board in which they shall state the
amount Of money received and for what
purposes and from what sources, sew
orally aud when received. and where
and how the same has been invested,
and enumeratiDg the kind and amount
OF securities held therefore, describing
the same separately, and such other
matters as may be required by the
Board in order to full understanding
and said Road Bond Trustees shall also
make a full, complete and detailed re-
port showing the amount of road work
done, and the mileage, width, material
uf which built, and cost Of each road
or part Of each road built. Said re.
ports shall be published in some news.
paper printed in St. Lucie County.
MONEY FOR SINKING FUND.
Sec. 10. All money collected TO pay
the interest, or for the sinking fund, Of
said bonded debt, shall be paid over BY
the Tax Collector, or other person re.
ceiving the same, on account Of taxes
collected or property sold therefore 70
the said Road Bond Trustees, and the
said Trustees are required TO pay OUT
OF the money so received the iuteres,
Of said county bonds and to invest the
residue IN the bonds aforesaid, or in
bonds or banksoI trust company paying
interest, to be held a. an accommodating
fund for the redemption Of said bonds.
REMOVAL OF TRUSTEES.
Sec. 20. The said Road Bond Trus.
tees, or either Of them, may resign Al
any time by communication In Wrisins
to the Board Of County Commissioners.
and any one or more Of the Road Bond
Trustees may be removed for suf.
ficieDt cause by the Judge Of the Cir.
cult Court upon petition signed BY any
bond holder or tax payer, setting forth
the cause Of complaint. but no Trustee
shall be removed without notice and
an opportunity 70 be publicly heard.
unless II appears that the accused Trus.
tee has absented himself 50 that notice
could not be served.
! Continued on Page Eighty.