The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1933-06-15

acSSocC0 anu COlltCICu 1Ol ihtSAA'
al improvements by the city coun-
Gil, or arising from the sale OF
bonds or otherwise for said pub
lie municipal improvements, shall
be placed to the credit of said
board, in the hands of the desig-
mated city depository, which shall
give a good and sufficient bond
with approved securities or IN
some approved surety company, IN
a sufficient amount to at all times
protect said funds; said fund to
be paid out by said depository on
the order of said board of COM
missioners, copies of bills of eX-
penditures being filed with the
city clerk and the warrants to be
countersigned by the city clerk
and the money so placed to the
credit of said board shall not be
used for any purpose other than
that for which it was so appro-
priated.
Section 90. The board of pub
lie works shall organize by elect
ing their own president, and shall
be empowered to appoint their
own clerk, and may employ civil
engineer, street commissioner, and
such other employees, officials,
and assistants, as may be found
necessary to carry into effect the
provisions of this act, and shall
fix their compensation. A major
ity of the board shall be author
ICED to transact business, then
shall provide the time of their
meetings, shall make rules for
their own government and adopt
their own seal. All their con-
tracts shall be made in the name
of the city, shall be signed by
the president of the board and at
tested by their clerk. No con-
tract shall be made by the board
with any member thereof, and
no member shall be interested di-
rectly or Indirectly in any con-
tract in any way or share in the
profits; and any improvements
which shall involve the expendi-
ture of more than three hundred
dollars shall only be let or made
after advertisement thereof, and
shall be let to the lowest bidder
therefor, upon such terms and Sc
cured by such bond as the board
may require.
The members of said board
shall not be entitled to any COM
pensation whatever for their SER
vices.
Section 80. 1t shall be the
duty of the Board of Public
Works to take charge of and sell
all bonds that may be issued by
the city of Key West for the pur-
pose of public improvements, and
after such sale turn over the pro-
ceeds to the city depository. They
shall receive all money appro-
priated to pay interest in the
bonds or create a sinking fund
for the payment of bonds issued
for public improvements and shall
have full authority and power to
invest said sinking fund either in
bonds of the city. United States
Government, State or County
Bonds.
Section 81. The Board of
Public Works, on or before the
18th day of June in each year,
prepare and submit to the City
Council an itimized statmeent or
estimate of the amount necessary
and advisable, in their opinion, to
spend i'm the execution of the du-
ties entrusted to them, for the en-
suing year, giving in detail the
plan of construction and repairs
and estimates of expenditures,
etc, proposed by them with the
estimated cost of each improve
ment, specifying the character of
the Improvement, and the amount
required for the streets, sewers,
public buildings, waterworks,
lighting plant, etc, All pay
ments of money expended by the
board of public works from the
levy for such improvements shall
be made upon warrants drawn and
regularly countersigned, the same
as other payments from the City
Depository and all vouchers there
for shall remain on file in the city
Clerks office. And shall at the
first meeting of the city council
in January of each year, or as
soon thereafter as practicable, re-
port to the city council, in writ
ing. n full and detailed statement
of the transactions of said board.
showing, among other things, the
amounts of money received by
or placed to the credit of said
board, and the sources from which
the same was received, as well as
the expenditures Of said board
and the purposes for which said
expenditures were made. The
said board of public works shall
keep complete record of their
proceedings.