The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-30
NOTICE OF ELECTION.

suance of the authority given IN an act
of the General Assembly of North Caro-
lima of 1899, ratified February 2Sth,
1890, entitled: AN Act to authorize
the city of Raleigh to issue bonds for
public improvements and to levy
special tax" notice is hereby given that
special election will be held at the
various polling places hereinafter named
ON the 18th day of June, 1892 for the
purpose of obtaining the consent OF Il
majority of the qualified voters of said
city to the issuance of the bonds provid-
ed for in Sections l and > of said Act,
as follows;
Section /. That for the purpose of
| paving, macadamizing and otherwise
improving such of the public streets OF
the City of Raleigh as the Board OF
| Aldermen of said city may determine to
| improve, and for making such other pub
lie improvements as the said board OF
aldermen may determine to make, the
city of Raleigh is hereby authorized and
empowered to issue its bonds to an
amount not exceeding one hundred thou
sand dollars, of such denominations and
in such proportions as the Board OF
! Aldermen may deem advisable, bearing
interest from the date thereof at a rate
not exceeding five per centum per an
mum, with interest coupons attached,
payable half yearly, at such times and at
such place or places as may be deemed
| advisable by said Board of Aldermen;
| said bonds to be of such form and tenor
| and transferable in such way, and the
| PRINCIPAL thereof payable or redeema-
bic at such time or times, not exceeding
! IL. h IntN nd
at such place or places as the Board OF
Aldermen may determine.
Section ). That for the purpose Of
providing for the payment of the inter
est accruing on and the principal at ma
turity of the bonds issued under au-
thority of this act the Board of Alder
men of said city shall annually, and at
the time of levying other city taxes,
levy and lay a particular tax on all
persons and subjects of taxation ON
which the said Board of Aldermen now
are or may hereafter be authorized to
lay and levy taxes for any purpose what
soever, said particular tax to be not
less than six or more than eight cents
on the one hundred dollars assessed val
uation on property, and not less than
eighteen nor more than twenty-five
cents on each taxable poll. The taxes
provided for in this section shall be col
lected. and shall be accounted for and
kept separate from other city taxes, ana
shall be applied exclusively to the pur-
poses for which they are collected. 80
much of said taxes as may be required
to pay the interest on the bonds issued
by authority of this act, as it falls due,
and cannot be applied to the purchase
or discharge of the bonds for which sald
taxes are levied and collected, shall he
invested so as to secure the payment at
maturity of the principal of the said
bonds and to insure the due investment
of the amounts collected from year to
year in excess of that required to pay
the said interest the Board of Alder
men shall cause the said excess to be
turned over to the commissioner of the
sinking fund of the city Of Raleigh,
whose duty it shall be, under such gem
eral rules and regulations as said Board
of Aldermen shall from time to time pre-
scribe to make investments of so much
of the taxes collected and turned over
TO him as aforesaid, as shall be applica-
BILE as aforesaid to the payment of the
principal of said bonds issued under this
act. and to do or perform all such other
services in connection with said bonds
as said Board of Aldermen may pre-
scribe, and such commissioner shall give
bond and receive such compensation for
his said services as said Board of Alder
men may determine"
Those qualified voters approving tho
issue of the bonds and the levy and col
lection of the particular taxes as above
provided for shall deposit in the ballot
box a ballot, IL inches wide by
inches long. of white "book" paper, in
weight 40 pounds to the ream, without
device, mutilation or ornamentaton,
upon which shall be printed in PLAN
long primer type the word approved
and those disappearing the same shall
deposit a like ballot with the printed
word "Disapproved."
That said election shall be held under
the provisions of an act of the SAID
General Assembly of 1899, ratified
March 9th, 1899. entitled: IAN Act to
provide the manner of election and the
registration of voters in cities ana
towns, and for elections upon local ques-
tons in counties and townships" in the
four wards or voting precincts provided
in said act authorizing said election and
issuance of bonds as aforesaid, t0-wit..
First Ward or voting precinct: Bound
ed on the south by Hillsboro street, on
the east by Halifax street, and on the
north and west by the city limits.
Second Ward or voting precinct:
Bounded on the south by Newbern ave
nue., on the west by Halifax street ana
on the north and east by the city
limits.
Third Ward or voting precinct:
Bounded on the north by Newbern ave-
nue., on the west by Fayetteville street
and on the south and east by the city
limits.
Fourth Ward or voting precinct:
Bounded on the north by iillsboro
street, on the east by Fayetteville
street. and on the south and west by
the city limits
A new registration shall be had as re-
onired by said act authorizing said cleo
tion and issuance of bonds and ordered
nv said Board of Aldermen. The
registration books will he open for reg
istration of voters from sunrise to sunset
for ten days, Sundays excepted, begin
ming May Both and closing at sunset on
lime 9th at the following places (Which