Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-12
ADVERTISEMENT FOR BIDS FOR
PUBLIC IMPROVEMENT.

1915. for the furnishing of labor ana
material for the grading and paving
or the following streets and parts OF
streets to-wit:
Commencing at the south rail or the
main fine OF the Minneapolis & 81
Louis Railway Company's tract on
south Ninth street extending thence
south to and including the intersec-
t,on with Doty street; thence west
along Doty street 70 the city limits.
n All OF said paving to be sixteen teet
In width. Said grading and paving
shall be constructed in all respects IN
accordance with the plans ana spec'-
fications therefor now on file with the
city clerk Of the city OF Marshallto"h'
Iowa and said plans and specifications
are by reference made part or TINS
advertisement; that said Work OF I'M
provence shall be commenced on or
before the tenth day of June, lSlo'
and be fully completed on or before
the Fifteenth day of October, 1916. Inc
following Is an approximate estimate
of the work to be done: a,5So square
yards of paving. The cost and expense
of grading upon the completion OF sa!o
improvement be paid by warrants
drawn on the grading fund.
tnent for the construction Of such pub
lie Improvement, including "a Dor and
material, Incidental costs and expenses
shall be made by special assessment
certiica ties or street Improvement
bonds drawing interest at the rate OF
6 per cent per anlum issued in ac-
cCrdance with the provisions Of the
Code of Iowa TO the extent that tAe
cost Of the same is asSeSsah.e ny ia"
against the property liable therefor an
hereinafter referred TO. and that an!
deficiency between the contract price
and the amount assessabla for wh!cA
certificates or bonds are issued. are 10
be paid In warrants drawn on the I'M
provement fund OF said city aTAi.ao!e
tor, the fiscal year beginning April l.
1916. or by the issue OF bonds issued
in anticipation Of special tax leNies Tor
said purpose in accordance Win iHe
provisions of Section 912 % the Cooe
p of Iowa and acts emendalory thereto
The cost and expense Of grading on
the completion thereof 10 De PAID oy
warrants drawn on the grading iuno
of said city
The said cost ard expense nj such
street inaprov emert shall be assessed
against the property referred to N me
plat and schedule now on file n the
office Of the city clerk and against
each lot and parcel Of land Included
within said assessment district and III
the manner provided by law and IN
accordance with the terms and provi-
sions of the statute relating thereto.
and in accordance with the benefits
valuation. area distance from said
paved roadway ard streets. and the
accessibility Of the said tracts and
parcels OF land 70 said paved road
way. but in no case exceeding p per
cent Of the actual value Of any such
lot or parcel Of ground at the time or
levy Said certificates or improvement
bonds TO be issued and delivered 10
the contractor after the Work Is COM
pleted and fully accepted by the
mayor and COUNCIL.
Any deficiency between the amount
OF the contract price and the amount
of such certificates or street improve
1nent bonds. and also the cost Of in
tersectioEs where the same are not as
sessable against property included IN
said assessment district to be paid in
warrants drawn on the Improvement
fund Of said city available for the
fiscal year beginning April l, 1915, and
any additional deficiency to be paid
from the proceeds o. q special eaS
levied under the provisions OF Section
$50 Of the Code of Iowa and acts
amendatory thereto, in anticipation OF
which revenue bonds Will be issued
under the provisions Of Section s12 OF
the Code Of Iowa, and acts amenda-
tory thereto. The contractor shall look
exclusively TO the funds stated in the
u contract for the payment Of the cost
{hn he
incur any Indebtedness therefor, and
IN the event that any such cost or ex-
~~pense shall be required to be paid from
the said improvement fund to be
raised by means of the special levy
on property within the city Of Mar
shalitown, iowa, said levy may De
made to extend over a period Of ten
years. as provided by law.
Notice is further given that the con-
tract between the city Of Marshall
town. Iowa, and the contractor shall be
in accordance with the specifications
above referred to and shall provide for
the completion of said contract and
the maintenance thereof and keeping
In repair of said paving for the Pc
rind of one year. the contractor TO fur-
nish a good and sufficient bond as
guaranty therefor in the sum OF 80 per
cent of the contract price. to De ap-
proved by the mayor and city council
of said city.
Notice IS further given that said bids
will be acted upon by the mayor ano
city council at its meeting to be held
in the council chamber in the city OF
Marshalltown, Iowa, on the twenty
fourth day Of May A. D.. 1915, at
O'Clock a. m. and that all bids are re-
quired to De made on written forms
furnished by the city clerk. and all
bids must be accompanied by certi-
fed check in a separate envelope in
the sum Of fifteen hundred dollars
! payable to the order Of the city treas
urer Of the city of Marshailtown, Iowa
4 sagua ranty that the bidder will
enter into a formal contract for the
. doing Of the work as provided by the
4 bid and acceptance thereof, and the
\ check SO furnished by the successful
B bidder shall be held and retained by
the city OF Marshalltown- Iowa, until
such contract is fully executed and al
& checks of unsuccessful bidders shall be
returned.
All assessment certificates and
street improvement bonds shall draw
ger cent interest nar annum on al
deferred payments from the date Of
assessment. and the option shall bs
given the owners of the property as
sessed to have the same payable ir
seven equal annual installments upor
! the figning by the property owner
whose property is assessed for am
part Of the cost Of said Improvement