Construction Additions & Improvements to the Sewage Works

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posed to be issued. For purposes of this subsection, the records of the sewage works shall be analyzed and all showings shall be prepared by a certified public accountant employed by the City for that purpose. (d) The principal of the additional parity bonds shall be payable annually on October 1 and the interest semi - annually on April 1 and October 1 in the years in which principal and interest are payable. Sec. 16. For the purpose of further safeguarding the interests of the holders of the bonds herein authorized, it is specifi- cally provided as follows: (a) All contracts let by the City in connection with the construction of said additions and improvements to the sewage works shall be let after due advertisement as required by the laws of the State of Indiana, and all contractors shall be required to furnish surety bonds in an amount equal to one hundred per cent (100 0%) of the amount of such contracts, to insure the completion of said contracts in accordance with their terms, and such contractors shall also be required to carry such employers' liability and public liability insurance as are required under the laws of the State of Indiana in the case of public contracts, and shall be governed in all respects by the laws of the State of Indiana relating to public contracts. (b) The works shall be constructed under the super- vision and subject to the approval of Clyde E. Williams & Associates, Inc. , or such other competent engineer as shall be designated by the Board of Public Works. All estimates for work done or material furnished shall first be checked by the engineer and approved by the Board of Public Works. (c) The City shall at all times maintain its sewage works in good condition and operate the same in an efficient manner and at a reasonable cost. - 19 -