In the parking meter zones referred to in Section 158-29, the proper officers shall cause parking meter spaces to be marked on the curb or pavement, or by other appropriate means, and in each parking meter space so marked shall erect or cause to be erected a parking meter which, upon the deposit of the requisite coin or combination of coins of the United States, will entitle the party parking his car for a limited time as is indicated on the parking meter and which will indicate the time such period has elapsed.