Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-09

| sued In accordance with the provisionA
Of the code OF Iowa to the extent thai
| the cost OF the same s assessable ~
| law against the property liable there's
| for as hereinafter referred to, and THAI
| any deficiency between the contract
price and the amount assessable for
which certificates or bonds are issued,
are to he paid In warrants drawn on
| 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 /,
| with the provisions Of section ol2 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 tho |,
plat and schdule now on file in tho OF ,
fee Of the city clerk and against each
lot and parcel OF land included within /,
said assessment district, and IN the
manner provided by law. and IN ac- !
cordance with the terms and provt-
sions Of the statute relating thereto,
and In accordance with the dement's.
valuation area, distance from said
paved roadway and streets. and the
cells Of land to said paved roadway, but
In no case exceeding Is per cent of the
! actual value of any such lot or parcel
OF ground at the time OF the levy. Said
certificates or Improvement bonds to
he issued and delivered to the con-
tractor after the work is completed
and fully accepted by the mayor and
city council.
! Any deficiency between the amount
Of the contract price and the amount OF
such certificates or street Improvement
bonds. and also the cost OF intcrsec-
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 |, 1915. and
any additional deficiency to be paid
from the proceeds OF 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 the 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 the cost Of the same,
and the city will not incur any indebt-
edness therefor. and In the event that
any such cost or expense shall be re-
uuired to be paid from the improve
ment fund. to be raised by means of a
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
~
tract between the city Of MARSHALL
town. Iowa. and the contractor shall
be in accordance with the specifca-
! tons above referred to and shall pro-
vide for the completion OF said con-
tract and the maintenance thereof and
keeping in repair Of said paving for
the period Of one year the contractor
to furnish a good and sufficient bond
as guaranty therefor in the sum OF 50
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 held
| in the council chamber in the city Of !,
Marshalltown. Iowa, on the 26th day
| OF June 1915. at 8 o'clock a. m, and
| thai all bids are required to be made (,
on written forms furnished by the city
| clerk, and all bids must be accom-
panied by certified check in a sep
arate envelope in the sum Of fifteen \
hundred dollars payable to the order
Of the city treasurer Of the city Of :
Marshalltown. Iowa, as guaranty J
| that the bidder WIN enter into a for /,
NAL contract for the doing Of the work
as provided by the bid and acceptance !,
| thereof and the check so furnished by ]
| the successful bidder shall be held and
| retained by the city Of Marshalltown.
! Iowa. until such contract Is fully exc
cuted. and all checks OF unsuccessful
| bidders shall be returned.
All assessment certificates and street
! improvement bonds shall draw 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 n
waiver Of all objections to the levy
! and all former proceedings
| Notice Is further given that a reso-
iullOh VI shiu llHpioFS anu
| 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 spcci-
| hcations for said street improvements.
All bids will be publicly opened and
| the mayor and city council will act
! thereon at their meeting on the 26th
day of June. 1916, 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 to reject all
| bids and order new ones.
Dated this sth day OF June. A. D.. 1916.
J. J. WILSON.
| City Clerk Of the City Of Marshalltown,
| Iowa.
Published IL the Times Republican,
June 9 and 10. 1916.