The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-06-04
NOTICE OF ELECTION.

fhe Board Of Aldermen of the city sf
Raleigh passed April 9TH, 1899, in pur-
sgaaee OF the authority given in an act
~ the General Assembly OF North Caro-
Tina 81 1899. ratified February 2Sth.
1870, entitled: AN Act to authorize
ths city ~ Raleigh to Issue bonds for
publc improvements aud TO levy
specta! tax" notice il hereby given that
special election will be held ut the
Various polling places hereinafter named
on tbe I'm day Of June. 1899. for the
purpose ~ obtaining the consent OF
majority % the qualified voters OF said
city 10 the issuance Of the bonds provid-
-d for In Sections ! and 3 Of said Act,
aa follows.
Section /. That for the purpose Of
paving, maradamizing and otherwise
improving such 81 the public streets Of
the City ~ Raleigh as the Board of
Aldermen If said city may determine 10
improve, and for making such other pub
lie Improvements as the said board OF
aldermen may determine 10 make. the
city Of Raleigh is hereby authorized and
empowered 10 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 bearing
| interest from the date thereof az a 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 10 be- OF sTch form and tenor
4 . L.
prip"i pal thereof payable or redeema-
/ bic at such time or times, not exceeding
thirty years from the date thereof. aud
at such place or places as the Board of
Aldermen may determine.
Section ). That for the purpose Of
providing for the payment Of the inter
est accrujns on and the principal at ms
turity Of the bonds issued under au-
thority of this act the Board Of Alder
men of said city shall annually, aud az
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 10
lay and levy taxes for any purpose what
soeyer, said particular tax 10 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. aud
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 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 gem
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
TO him as aforesaid, as shall be applica-
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 coll
lection of the particular taxes as above
provided for shall deposit in the ballot
box a ballot, IL 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 plain
long primer type the word approved"
and those disappearing the same shall
deposit a like ballot with the printed
word "DisapprOved."
That said election shall be held under
the provisions of an act of the said
General Assembly of 1899, ratified
March 9th, 1899, entitled: "An Act to
provide the manner of election and the
registration of voters in cities and
towns, and for elections upon local ques-
lions 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-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.
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 Hillsboro
street, on the east by Fayetteville
street, and on the south and west by
the city limits.
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
istraton of voters from sunrise to sunset
e..