COMPILED CODE - Iowa Legislature - State of Iowa

329
Tit. XV, Ch. 2. LEVEES, DRAINS AND WATERCOURSES. §§ 4843-4844.
SEC. 4843. Letting work—notice—bids.
1 The board shall cause notice to be given by publication, once each
2 week, for two consecutive weeks in some newspaper published in the
3 county wherein such improvement is located and such additional pub-
4 lication elsewhere as they may direct, of the time and place of letting
5 the work of construction of said improvement, and in such notice they
6 shall specify the approximate amount of work to be done in each sec-
7 tion and the time fixed for the commencement and completion thereof ;
8 which time of commencement shall not be prior to the date on which
9 the assessment shall be fixed by the board, and when the estimated cost
10 of said improvement exceeds fifteen thousand dollars the board shall
11 make additional publication for two consecutive weeks in some con-
12 tracting journal of general circulation, of such notice as they may
13 prescribe, and they shall award contract or contracts for each section
14 of the work to the lowest responsible bidder or bidders therefor, bids
15 to be submitted, received and acted upon separately as to the main
16 drain and each of the laterals, exercising their own discretion as to
17 letting such work as to the main drain as a whole, or as to each lateral
18 as a whole, or by sections as to both main drain and laterals, and reserv-
19 ing the right to reject any and all bids and readvertise the letting of the
20 work. Each person bidding for such work shall deposit in cash or
21 certified check a sum equal to ten per centum of the amount of the bid,
22 not in any event, however, to exceed ten thousand dollars, said deposit
23 to be returned to him if his bid is not successful, and if successful to be
24 retained as a guarantee only of his good faith in entering on said con-
25 tract. The successful bidder shall be required to execute a bond with
26 sufficient sureties in favor of the county for the use and benefit of the
27 levee or drainage district in an amount equal to twenty-five per centum
28 of the estimated cost of the work so let, or he may deposit such amount
29 in cash with the auditor as security for the performance of his contract
30 and for the payment as they become due of all just claims for labor per-
31 formed and material used in the completion of said contract, and upon
32 the execution of such bond, or the making of such deposit, the deposit
33 originally made with his bid shall be returned to him.
[S. S., '15, § 1989-a8; 39 G. A., ch. 127, § 1.]
SEC. 4844. Monthly estimates—payment.
1 The engineer in charge of the construction shall furnish the con-
2 tractor monthly estimates of the amount of work done on each section,
3 and upon filing the same with the auditor, he shall draw a warrant
4 in favor of such contractor, or deliver to him improvement certificates,
5 or drainage bonds, as the case may be, for eighty per centum of the
6 value of the work done according to the estimate, and when said im-
7 provement is completed to the satisfaction of the engineer in charge
8 thereof and so certified by him to the board and approved by it, the aud-
9 itor shall draw a warrant in favor of said contractor upon the levee or
10 drainage fund, or deliver to him improvement certificates, or drainage
11 bonds, as the case may be, for the balance due. All warrants drawn
12 upon the funds of any drainage district which can not be paid for
13 want of funds shall bear interest at the rate of six per centum, payable