The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-13
NOTI1


lima of 1899, ratified Febrnfg o9tb
1899, entitled: "An Act TO n ,tboriae
the city of Raleigh to Issue 4 nds for
public improvements and Y lew
special tax" notice is hereby Won thar
a special election win h3 az the
various polling places hereB ar named
on the 10Th day of June, for the
purpose of obtaining the consent of a
majority of the qualified voters of said
city to the issuance Of the bonds nroyid-
ed for in Sections 1 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 NH
lie improvements as the said hoard 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 hearing
interest from the date thereof nj n 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-
BILE at such time or times, not exceeding
thirty years from the date thereof, and
at such place oriplaces as the Board of
Aldermen may determine.
Section 5. 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, 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 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 eau snthe said excess to be
turned over to missioner of the
sinking fund NJ Raleigh,
whose duty it such gem
eral rules and aid Board
of Aldermen 81 time pre-
scribe, to nRake INVEST no F1tIcf>
of the taxds collected and turned over
to him as aforesaid, as shall be applica-
BILE as aforesaid to thS payment of the
principal of lsaid bonds} issued under TINS
act, and to slo 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 Tor
his said services as said Board of Alder
men may determine"
Those qualified voters approving the
issue of the bonds and the levy and col
lection of the particular taxes as ABOVE
provided for shall deposit in the ballot
box ballot, IL inches wide by .
inches long, of white book" paper, IN
weight 40 pounds to the reanl, without
device, mutilation or Commentator,
upon which shall be printed IN pam
long primer type the word "approVed;,
and those disappearing the same snail
deposit a like ballot with the printeu
word "Disapproved."
That said election shall be held UNDER
the provisions of an act or Inc salu
General Assembly of 1890, ratified
March 9th, 1899, entitled: IAN ACT 10
provide the manner of election anu tne
registration of voters in cites anu
towns, and for elections upon local Dues
tons in counties and townships I'D tue
four wards or voting precincts proVioeG
in said act authorizing said election anu
issuance of bonds as aforesaid, Do-Wil,s
First Ward or voting precinct: bounu-
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, anu
on the north and east by the city
limits.
Third Ward or voting preclncts
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 moth by Hllisporo
street, ON the east by FayetteVlle
street, and on the south ana Wes1 w
the city limits.
new registration shall be had as re-
quired by said It authoriziDs saad l, e,eeT
ton and issuance Of bonds ana olu nv
by said Board of Aldermen. lno
registration books will be open Tor reg.
istration of voters from sunrise TO sunset
for ten days,l Sundays excepted pesii-
ming May 30thA and closing at sunset Oh
June 9th at thy following places .wmch
are also the( polling places w Una