The Denison review. [volume] (Denison, Iowa) 1867-current, 1920-01-14

/ raised by means of a special levy on all
property in the city Of Denison and to
be made to extend over period OF ten
years, said levy to be in accordance
with section $50 of the code OF Iowa,
and acts subsequent thereto as by law
provided, or portion may be PAD out
Of any funds available according to the
laws and when the said street improve
ment or any special section thereof has
been completed and accepted by the
council said levy may be mace ana
| bonds drawing not to exceed six (6) per
cent interest issued against same and
said bonds, to the amount which un-
der the contract he is to receive from
the street improvement, paving or grad
ling fund, transferred to the contractor
of the city may at it's option negotiate
said bonds and make payment to the
contractor in cash and they shall nave
a reasonable time to do so. Ill
The removal Of earth and other ma
terials, other than such as lies between
the sub-curb and established grade,
shall on completion of such and accept
ance of. the same by the city be paid by
warrants on the grading fund. tt,t
The contractor shall look exclusively
to funds stated in the contract for pay.
ment for said street Improvement an ana
the CITY of Denison will not make itself
pecuniarily liable for the payment OF
the cost Of any part Of said improve.
ment and will not incur any indebted.
ness for the same except in the manner
aforesaid.
l. All proposals must be in sealed en-
yelopes and be accompanied by certl'
fed check on a responsible benson
Iowa. bank in a separate envelope, pay
able to the order of the city treasurer
for the amount of one thousand dollars
as security, that the bidder whose pro-
posal is accepted will enter INTO a con,
tract for the doing of the work and Will
give the bond hereinafter specified
which sum will be forfeited and become
the property of the city OF benson,
Iowa, in case Of failure to enter into
contract and give said bond.
Said street improvement shall De
commenced on the LIST day Of April. 1927
and completed on or before the 10Th day
of October 1920, and shall be kept IN
repair at the expense OF the contractor
for five (5) years from the date OF us us
completion and acceptance by the
council $50
The contractor shall give a good and
sufficient bond in the sum of one hun.
dred (10O) per cent Of his bid to be ap.
proved by the city council lobligating
the contractor and his bondsmen TO
faithful performance Of the contract
and to Keep the Salo street improve
ment in good repair for period OF five
(5) years after the acceptance or the
same by the council
Bids will be publicly opened at the
council chamber in Denison, Iowa, at
2 o'clock p. m. on the 5th day Of Feb.
ruary, 1920, and the city council viii
act thereupon at a meeting to be held
at 2 o'clock on the same day or as soon
thereafter as they may at that time di.
rect and will let the contract in the
name Of the city to the lowest bidder
on the kind of classification Of pave.
ment selected by the council. but the
council reserves the right to reject any
or all bids. -.<
Bids must be on printed blanks which
may be had from the city clerk on re.
quest.
Dated this 9Th day of January, 1920.
II I, Al e. F. TUCKER, 4
2.2t aI Clerk. /,