233.270. 1. Whenever an order for improvement is made, thespecial road district commissioners of the district shall, in thename of the district, enter into a written contract with thelowest and best bidder for making such improvement in compliancewith such order. Such contract shall require that the work becompleted within a certain time, and shall provide a penalty foreach day beyond said time said work remains uncompleted, and saidcommissioners shall require said contractor to enter into a bond,to be approved by the commissioners, for the full performance ofsaid contract, and payment for all labor and material used oremployed in the performance of such contract.
2. Said special road district commissioners may advertisefor bids for such contract in any manner they may choose; and thecontract shall in no case be let to any special road districtcommissioner, nor shall any special road district commissioner,directly or indirectly, have any pecuniary interest therein otherthan the performance of his official duties as herein required.
3. Said contract shall in no case provide for the payment ofa sum in excess of the estimated cost of the work, as found bythe county commission, plus ten percent thereof; and shall notprovide for payment of exceeding eighty percent of the value ofthe work actually performed and materials furnished until theentire improvement is completed.
4. As payments to the contractor become payable by the termsof the contract, the commissioners shall cause warrants to bedrawn on the county treasurer therefor.
(RSMo 1939 § 8725)Prior revisions: 1929 § 8076; 1919 § 10847