Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1899-03-02
The WATER BILL.
The Measure Now in Committee.

water bono measure as uced DN
Senator Livingston, we publish it in
It's entirety. The Legislature should
let our people have the say in this mat
ter as it is strictly CarsOn's own bust
ness. There is no reason why it should
not become a law and the only people
who would or could oppose it are those
interested in the present water system
which is insufficient and eXhOrbitant
beyond measure. Followingis the bill:
Secoion |. The Board Of Trustees of
Carson City, Nevada are hereby auth
Orized. empowered and directed in ac-
cordance with the provisions OF this
Act to prepare and issue bonds of said
city to the amount of not exceeding
one hundred thousand dollars in the
manner and form hereinafter specified
for the purpose 'of providing a water
system in Carson City, Nevada, and
maintaining the same.
Sec. ,. The Board of Trustees shall
cause said bonds to be prepared in
proper form: they shall be signed by
the President of said Board and cOun-
tersigned by its clerk who shall attach
thereto the corporate sea of said city.
They shall be payable to bearer at the
City, Nevada, not more than twenty
five wears from the date OF their issue,
and in the manuer hereinafter pro-
vided: they shall bear interest al a rate
not TO exceed five percentum per an
mum, said interest shall be payable
semi-annually on the tenth day OF June
and the tenty day of Decembe,' of each
year at the office Of the Treasurer of
said city. They shall have proper
coupons attached thereto. which shall
be signed by the President of said
Board of Trustees, both principal and
interest of said bonds shall be payable
in gold coin of the United States OF
America.
Sec. 3. The said bonds shall be is
sued in four series lettered "A" b, '
&C" and %" Series a" shall be
payable not less than four nor more
than ten years from the date of issue.
Series 81 shall be payable in not less
than ten nor more Than fifteen year,
from the date of issue. Series &C.
shall be payable in not less than tifteeL
years nor mor than twenty years from
date of issue. Series ID" shall be
payable in not less thar twenty years
nor more than twenty-five years from
date of issue. One-tifth OF 5he issu,
selected by lot. shall be redeemed or
December tenth of the sixth year afteI
: the date of issue, and one-fifth shall b,
\ redeemed annually thereafter on tn,
same date and in the same mann
until this entire series shall have beel
e redeemed. One-ifth OF the issue o
series b. the numbers to he selected
by lot. shall be redeemed on Decembe
V tenth of the eleventh year after dat
OF i~eut. and One-t'fth shall be redeemed
annually thereafter on the same dat
and IN the same IHanner until this en-
tire series shall have been redeemed
One-tifth of the issue Of series &c.
the numbers to be selected by lot. shal
be redeemed on December tenth of tn
sixteenth year after date of issue, an
y One-tifth shall be redeemed annual
thereafter on the same date and in tn
same n until this entire serie
shah have BEEN redeemed. One-tift
! Of the issue OF series ID, " the number
to be selected by lot, shall be redeeme
on December tenth of the twenty-firs
year after date of issue, and one-tft
shall be redeemed annually thereafte
on the same date and in the same mar
: ner until this entire series shall hay
been redeemed.
10 Sec. +. The Board Of Trustees {
l. said Carson City, Ne,ada, are hereb
authorized and directed to negOtiat
" the sale of said bonds for not less tina
their par value, the proceeds of whic
shall be placed in the city treasury t
, the credit of The Carson City Watt
Works Fund. which fund is hereb
created for the purposes mentioned i
NJ mis- Act, said bouus shall be of III
denomination of live hundred dollar;
aud shall be rcd,,ruIen is in this j,
provided. Tho liz. coupon on each
laid bonds shall represent the fra'
tional part of one years interest frol
4 the date of the issue to the tenth da
of December neXt ensuing.
Sec. ). For the purpose of creatin
d fund for the payment of the bone
hereby authorized to be issued, al
the interest thereon, the Board
trustees of Carson City, Nevada, a
hereby authorized and directed, ar
they shall have the power to raj
money as follows: