The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-02
city of Raleigh is hereby authorized auc

city of Raleigh is hereby authorized anC
empowered to issue its bonds to al
amount not exceeding one hundred thor
sand dollars, OF such denominations and
in such proportions as the Board VI
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 ut
such place or places as may Ice deemed
advisable by said Board of Aldermen;
said bonds To be of such form and tenor
and transferable in such way, and the
prino ,al thereof payable or rcdema-
BILE ut such time or times. not exceeding
thirty years from the date thereof, and
at such place or places as the Board OF
Aldermen may determine
Section :. That for the purpos, 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 Allcr-
men of said city shall annually, ant Mt
the time Of levying other city taxes,
levy and lay n 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
socver, said particular tax to be lot
/ less than six or more than eight cents
on the one hundred dollars assessed vii
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 he co..
lected, and shall be accounted for and
kept separate from other city taxes, and
shall he 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 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 he, under such gen
| 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
! 20 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 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 a ballot, ~ inches wide by .
| inches long, of white book" paper in
weight 40 pounds to the ream, without
| device, mutilation or ornamentation,
| upon which shall be printed in PLAN
long primer type the word approved,
and those disappearing the same shall
deposit Il like ballot with the printed
word "Disapproved.
That said election shall be held under
the provisions Of an act OF the sald
General Assembly of 1899, ratified
March 9th, 1899. entitled: AN Act to
provide the manner of election and the
registration Oh NuLtIS III NAAANV "'N
towns, and for elections upon local queS-
tons in counties and townships III the
four wards or voting precincts provided
in said act authorizing said election ana
issuance of bonds as aforesaid, to-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.
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 Hillsboro
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-
quired 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
drews, Registrar.
Second Ward-E. Hugh Lees Store,
corner Lane and Bloodworth streets;
L. Hugh Lee registrar
Third Ward-Jones' Warehouse, cor
ner Blount and Davie streets; Il. III.
Hunnicutt, registrar.
Fourth Ward-City Lot, corner Davie
and Salisbury streets; w. I'll. Strother,
registrar.
A. NJ. POWELL,
Mayor.
HAM f. SMITH,