The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-13
Raleigh Votes $l50,000 Of
Bonds in One Day.
BY IMMENSE MAJORlTIES
ONLY FIFTY VOTES AGAINST
THE STREET BONDS.
EIGuJY-sX AGAINST THE SCHOOL BONDS
Both Elections Were Carried With Greater IMAM
unity Than Any Other Question
Ever Before Submitted 10
the People.
the People.

Ever Before Submitted 10
the People.
The people of Raleigh yesterday voted
a $4,000 issue of bonds-$100,00 for
street improvements and $4,000 for
schools.
The vote for the street bonds was as
follows:
First WARRIOR bonds, 24S: against
bonds. s; total registered vote. 297.
Second ward-F'or bonds, 20S; against
bonds, 3: total registered vote, 267.
Third WARRIOR bonds, Ga; against
bonds, %; total registered vote, rs.
Fourth ward-For bonds, 524; against
bonds, 16; total registered vote 634.
Total vote for bonds, 1874.
Total vote against bonds, 80.
Total registered vote. 1,916.
The majority for bonds was therefore
1,544 out of total vote of 1,644 cast.
This us the largest vote ever cast in
Raleigh in bond election. and the
largest majority ever given on any ques-
tion submitted to the people.
The registration in the recent city cleo
tion was only about /, 800.
The bonds to be issued are to run not
exceeding 30 years and shall bear ) per
cent interest, payable semi-annually. For
the payment of the interest a special tax
may be levied of not less than 6 nor
more than 8 cents ON the 500 worth of
property, and not less than Is nor more
than % cents on each taxable poll-these
taxes to be kept separate from other
taxes and applied exclusively to the pur-
pose for which it is collected.
A special meeting of the board of al
dermen will probably be called at once
to make provision for the issuance and
sale of these bonds.
With almost equal unanimity the $50
600 of Raleigh township school bonds
were also voted.
Though the entire official vote could
not be obtained last night, enough of it
was secured to show the result pretty
accurately:
First WARRIOR bonds, OFT: against
bonds. II; total registered vote, 3S3.
Second WARRIOR bonds, III: against
bonds, is; total registered votes. 336.
Third WARRIOR bonds, 500: against
bonds 30 lestimated): total registered
vote, sos.
Fourth ward-For bonds, 40: against
bonds, Il; total registered vote, 527
outside East--For bonds, 139: against
bonds, 6: total registered vote. 175.
Outside Wcst-For bonds, 90: against
bonds, II: total registered vote. 1873.
Total for bonds, 1851
Total against bonds, Sc.
Total registered vote, 2.155.
q ifx,i 81,
of LII out of total vote of 2.155 for
bonds.
The act authorizing the school bonds
provides that they shall not be sold for
less than par; that the rate of interest
shall be fixed by the school committee
and shall be not more than 6 per cent
and may be ) per cent if such bond
can be sold at par. They shall be paya-
Die not less than 30 years after date.
and shall have interest coupons attached
payable semi-annually.
Ihe form and denomination of the
ponds shall be determined by the COM
mittee, and shall he signed by the chair
man of the Board of Commissioners of
Wake county and by the chairman of
the School Committee of Raleigh town
ship and attested by the secretary of
tue SOiHIuIltee.
To pay the interest on these bonds and
create sinking fund.- tax shall be
levied not exceeding 6 cents on every
$lOO worth of property and Is cents on
every poll Such tax shall be collected
at the same time and in the same man
ner as other school taxes of Raleigh
township.
The Board of Commissioners of Wake
county shall elect suitable person as
commissioner of bonds" of Raleigh
township, to hold office for six years.
He shall give bond and shall receive as
compensation ] per cent. upon receipts
and disbursements.
1t shall be the duty of this commits
sioner and the chairman of the school
committee to dispose Of the bonds and to
apply the proceeds to the school fund.
The commissioner shall also receive
from the sheriff all moneys received from
taxation for payment of the bonds and
the interest thereon. He must annually
make to the School Committee a state
ment OF all receipts and disbursements.