The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-06

improving such Of the public streets or
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 or
aldermen may determine 10 make, the
city of Raleigh is hereby authorized ana
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 or
Aldermen may deem advisable, bearing
interest from the date thereof at rate
not exceeding five per centum per an
mum, with interest coupons attached,
payable half yearly, ut such times and nj
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 ut such time or times, not exceeding
thirty years from the date thereof, and
at such place or places rs the Board of
Aldermen may determine.
Section :. That for the purpose or
providing for the payment of the inter-
est accruiug on ana the principal ut ma
| turity of the bonds issued under au-
thority of this act the Board of Alder
men of said city shall annually, aud at
| the time of leyyng other city taxes,
levy and lay 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 thah
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
1 kept separate from other city taxes, and
| shall be applied exclusively TO the pur-
, poses for which they are collected. SO
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 said
taxes are levied and collected, shall be
invested so rs 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 gen
eral rules and regulations rs 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-
bic 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 the
issue of the bonds and the levy and coli
lection of the particular taxes as above
provided for shall deposit in the ballot
box a ballot, ~ inches wide by
inches long, of white book paper, i'll
weight 40 pounds to the ream without
device, mutilation or ornamentation,
upon which shall be printed in plain
long primer type the word "approVed;'
and those disappearing the same shall
deposit like ballot with the printed
word "DisapprOved."
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 and
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, to-wt.:
First Ward or voting precinct: Bound
ed on the south by Eillsboro 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, and
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 Hilsboro
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-
! CURED by said act authorizing said cleo
ton and issuance of bonds and ordered
! by 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 30th and closing at sunset on
June 9th at the following places (Which
are also the polling places by the
| following named registrars:
First Ward-Cone's Store, corner
! Salisbury and Jones streets; Melvin An
| drcws, Registrar.
Second Ward-E. Hugh Lees Store,
corner Lane and BloodWorth streets;
! f. Hugh Lee. registrar.
Third Ward-Jones' Warehouse. cor
ner Bount and Davie streets; Il. III.
| IIunnicutt. registrar.
Fourth Ward-City Lot, corner Davie
and Salisbury streets; w. ii. Strother,
registrar.
A. NJ. POWELL,
Mayor.
HAM f. SMITH,
City Clerk.