Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-10

sued In accordance with the provisionA
OF the code of Iowa, to the extent thai
the cost OF the same Is assessable 81 Z
law against the property liable there's
i for as hereinafter referred TO. and thaS
any deficiency between tho contrace
price and the amount assessable Tor
! which certificates or bonds are issued
are to be paid In warrants drawn on
j the Improvement fund Of said city
available for the fiscal year beginning
April /. 1915. or by the ISSUE Of bonds
issued in anticipation Of special tax
levies for said purpose in accordance
i with the provisions Of section Sl1 OF ,
the code OF Iowa and acts amendatory
| thereto.
The said cost and expense Of such !
street Improvement shall be assessed /,
against the property referred to in the ,
| plat and schdule now on file in tho Of {
fce OF the city clerk and against each !
lot and parcel OF land included within i
said assessment district, and IN the
manner provided by law. and IN 40. {,
| cordance with tho terms and prov1- !
! sions Of tho statute relating theretos !
| and In accordance with the benefits.
valuation area, distance from said
paved roadway and streets, and tho I
/ accessibility or the said tracts and par
| cells of land to said paved roadway, but
in no case exceeding % per cent OF the
actual value OF any such lot or parcel
Of ground at the time OF tho levy. Said
certificates or Improvement bonds TO
be issued and delivered to the con-
tractor after the work Is completed
and fully accepted by the mayor and
| city council
Any deficiency between tho amount
1 Of the contract price and the anount OF
such certificates or street Improvement
bonds, and also the cost OF intersec-
lions where the same are not assess
able against the 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 d, 1916, and
any additional deficiency to be paid
from tho proceeds OF n special tax
levied under the provisions of section
$40 Of the code of Iowa and acts
amendatory thereto, in anticipation Of
which revenue bonds will be issued
under tho provisions OF section 9l2 Of
| the code of Iowa and acts amendatory
thereto.
The contractor shall look exclusively
to the funds stated in the contract for
the payment Of tho cost Of the same,
and the city viii not incur any indebt-
edness therefor. and in the event that
any such cost or expense shall be re-
qulred to be paid from the improve
ment fund to no raised by means OF
special levy on property within the
city OF Marshalltown. Iowa, said levy
may be 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 specifica-
tons above referred to and shall pro-
vide for the completion Of said con-
tract and tho maintenance thereof and
keeping in repair Of said paving for
the period Of ono year. the contractor !
to furnish a good and sufficient bond
as guaranty therefor IN the sum of 80 !,
per cent Of the contract price. to be
approved by the mayor and city coun-..
ell OF said city.
! Notice Is further given that said bids /,
will be acted upon by the mayor and
city council at it's meeting 20 be heidi
in the council chamber in tho city Of /,
Mershalltown, Iowa, on the eeth day
Of June. 1915, at . o'clock a, m, and
| tHHC HI DluS uT0 IcQutCu 10 DO Lu2uOA
on written forms Furnished by the city
clerk. and all bids must be accom-
panied by a certified check IN q sep
arate envelope In the sum Of fifteen
hundred dollars payable to tho order
OF tho city treasurer Of the city Of
Marshalltown,- Iowa. as q guaranty
that the bidder WIN enter into for ,
NAL contract for the doing Of the work
as provided by the bid and acceptance,
thereof. and the check so furnished by T,
the successful bidder shan DO hold and
retained by the city of Marshalltpwn.
Iowa. until such contract is fully exc
cuted. and all checks Of unsuccessful
bidders shall be returned.
All assessment certificates ana street
improvement bonds shall draw 8 per
cent interest per annum on all de-
ferred payments from the date Of ac-
ceptance, and the option shall be given
the owners Of the property assessed
to have the same payable In seven
equal annual installments upon the
signing by the property owner whose
property is assessed for any part Of
the cost Of said Improvement Of q
waiver Of all objections to the levy
and all former proceedings.
Notice Is further given that q reso-
luton ordering said Improvement and
the specifications for the same. are
now on file in the office Of the city
clerk OF the city Of Marshalltowh
Iowa, and will be available for the in
spection OF any person desiring to
make bids upon the proposed work,
and that the contract to be entered
into will be in the usual terms and will
embody the requirements Of the speci-
fications for said street improvements.
All bids will be publicly opened and
the mayor and city council VIII act
thereon at their meeting on the 26th
day of June. 1915, unless action shall
: be deferred until some time later, and
the contract will be let in the name of
,, the city Of Marshalltown, Iowa. to the
lowest bidder, but the mayor and city
council reserves the right 70 reject all
bids and order new ones.
Dated this sth day Of June. A. D., 1915.
J. J. WILSON,
City Clerk of the City Of Marshalltown,
. Iowa.
I Published IN the Times
June 9 and 10, 1915.