The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-08-01
NOTICE OF ELECTION.

Under and by virtue of a resolution
of the Board of Aldermen of the City
of Raleigh, passed July 10Th, 1897, in
pursuance of the authority given in
Chapter 100, Private Laws of 1898, emit
tied "An Act to authorize the City of
Raleigh to issue bonds for public i'm
provements, and to levy special tax
notice is hereby given that a special cleo
ton VIII be held at the various polling
places in the wards of said city on the
It'll day of September, 1897, for the pur-
pose of obtaining the consent of ma
jority of the qualified voters of said lefty
to the issuance of the bonds provided
for in Sections / and ) of said ADJ, as
follows: I'll
Section 1. That for the purpoM of
paving, macadamizing and otherwise
improving such of the public stref&E of
the City of Raleigh as the Boa<8 Of
Aldermen of said city may deternIH4e TO
improve and for making such otheH pub
| lie improvements as the said bo4EE of
aldermen may determine to max the
| city of Raleigh is hereby authorizes land
empowered to issue its bonds to III a
mount not exceeding fifty thousaIM dol
| lars, of such denominations and ID such
proportions as the Board of Ald&Imen
may deem advisable, bearing intere tom
the date thereof at rate not excG Hing
| five per centum per annum, WI in
terest coupons attached, payable# half
yearly, at such times and at SUCH lac
or places as may be deemed adv able
| by said Board of Aldermen; said binds
| to be of such form and tenor and Hans
| ferable in such way, and the nrin4ipal
thereof payable or redeema' such
time or times, not exceeding Iears
from the date thereof, and Mace
or places as the Board of a r&lmay
| determine.
Sec 5. That for the purp prAvid-
ing for the payment of til terest ac-
cruing on and the principt t maturity
of the bonds issued under authority OF
this act the Board of Aldermen of said
city shall annually, and at the time OF
| levying other city taxes, levy and lay
a particular tax on all persons and sub
iects of taxation on which the SAID
Board of Aldermen now are or may
hereafter be authorized to lay and levy
taxes for any purpose whatsoever, sald
particular tax to be not less than SIX
or more than eight cents on the one pun
bred dollars assessed valuation on prop
erty and not less than eighteen nor
more than twenty-four cents on fach
taxable poll. The taxes provided fer in
this section shall be collected, and shall
be accounted for and kept separate from
other city taxes, and shall be applleed
exclusively to the purposes for W..
they are collected. So muchnav saiu
taxes as may be required Nv ant! Tue
interest on the bonds issus,,a ond
ty of this act, as it falls. chase or can AN
not be applied to the pvich said t.r us
charge of the bonds for gball no inpasas
are levied and collected narmont Of fesr
ed so as to secure the the said bo. ma
turity of the principal investment of th.
and to insure the dor, year to Yea. =,
amounts collected ,;rad n nav the Ia
eAcess % 49,, 'na1 d RID of Aldermen hall |
interes. tne excess to be turned ,ver |
eause 'ne s.9issoner of the sinking und |
70 Tue con of Raleigh, whose dut, it !
VI Tue Under such general rules and |
snan ms as said Board of Aldermen |
lss m ON time to time prescribe to
Snali Investments of so much OF the ak
ilahe ,acted and turned over to hin as
es cofa Aid to the payment of the pri4ipal |
a.oIesl bonds issued under this ac1and |
% ga Or perform all such other se1ices
70 10 nection with said bonds asEaid /
III COZ of Aldermen may prescribe,dnd |
such commissioner shall give bondland |
receive such compensation for hlssaid
services as said Board of Aldermensnay
determine. :"
That for the purpose of holdingsaid
election, a new registration has been
duly ordered, to be held at the sual
yoting-places in said city at the mes,
and in the manner and betweei fine +
hours as provided for in the genera cleo
ton law, beginning Saturday, JulB1st,
1897. -
MAJ
Fl. II. SMIT
City Ok.