§ 54-12-309. Deposit of Bidders Required
Each person bidding for the work shall deposit with the treasurer of the board of directors in cash or certified check a sum equal to ten percent (10%) of the amount of the bid, not in any event, however, to exceed ten thousand dollars ($10,000). The deposit shall be returned to the bidder if the […]
§ 54-12-310. Bond or Cash Deposit Required of Successful Bidders
The successful bidder shall be required to execute a bond, with sufficient sureties, payable to the county, for the use and benefit of the improvement district, in an amount equal to twenty-five percent (25%) of the estimated cost of the work, so let or that amount may be deposited in cash with the treasurer of […]
§ 54-12-311. Engineer Employed to Supervise Construction of Improvement Work — Compensation — Removal, and Contract With Another
The board of directors shall employ a competent engineer to have charge and supervision of the construction of the improvement work, contract for compensation for the engineer’s services in a sum or at a rate that may be agreed upon, and to be paid as other expenses of the district. The directors may remove the […]
§ 54-12-312. Bond Required of Engineer
The board of directors shall require the engineer to give bond in a sum that it deems proper for the faithful performance of the engineer’s duties, the bond to be payable to the county or state, for the use of the improvement district, and filed with the county clerk and recorded in the road improvement […]
§ 54-12-313. Compensation of Engineers
An engineer employed by a board of directors of an improvement district to supervise the work, etc., shall be paid for services a salary or sums that may be agreed upon between the engineer and the board of directors.
§ 54-12-314. Contractor Paid on Basis of Eighty Percent of Engineer’s Monthly Estimate of Amount of Work Done
The engineer in charge of the construction shall furnish to the contractor monthly estimates of the amount of work done on each section, and upon filing the estimates with the county clerk, the county mayor shall draw a warrant in favor of the contractor for eighty percent (80%) of the value of the work done […]
§ 54-12-315. Warrant to Contractor for Balance Due on Completion of Work
When the work is completed to the satisfaction of the board of directors and the engineer, so certified by both, and the certificate is filed with the county clerk, then the county mayor shall draw a warrant in favor of the contractor for the balance due.
§ 54-12-221. Appellant From Order Fixing Assessment of Benefits Shall Give Appeal Bond, and Not Pauper’s Oath
Any landowner, tenant, or encumbrancer who appeals from the order fixing the assessment of benefits shall execute bond, with security, for cost and damages. The oath provided by law for poor persons shall not be allowed in lieu of the bonds.
§ 54-12-222. Appeal Does Not Prevent Collection of Assessments, if Appellant Is Indemnified by Bond
The appeal shall not prevent the collection of the assessments, nor stay the collection in any way, if the district or any petitioner for the district executes a bond, with good security, payable to the appellant, and conditioned to hold the appellant harmless against loss and to abide by and perform the judgment of the […]
§ 54-12-223. Indemnity Bond — Execution
The bond, if given by the district, may be executed before and accepted by the county clerk at any time after appeal is perfected by the landowner, tenant, or encumbrancer, and a certified copy of the bond shall be sent to the circuit court.