The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-01-12
$27,369.71
4,093.93
$31,463.64
1,057.2O


Net amount due the State. S2S,SS6.12
A warrant was ordered to Be issued in
favor of the Commercial and Farmers
Bank to cover note for $4,00400 and
interest to January 1st due by the
county.
The Board ordered that the two notes
of $1,000 each due by the county to
the Commercial and Farmers Bank be
renewed and that instead of two notes.
that new note of four thousand dollars
be executed. These notes of $4,000
each was for money borrowed by the
county on account of Raleigh township
road fund. Warrant for $240 in favor
of Commercial and Farmers Bank to
pay interest on these notes was ordered
drawn
The petition of the city of Raleigh ask
ing that certain property of the Raleigh
and CASTOR Railroad be assessed by the
county commissioners was taken up. The
following is the petition:
Raleigh. N. c., Jan. 4, 1899.
Commissioners of Wake County.
Gentlemen: The city of Raleigh claims
that the property hereinafter described,
belonging to the Raleigh and CASTOR
Railroad Company is liable to city tax
alton for the years named. In order
that it may be placed upon the tax lists
of the city. it is necessary that it should
be assessed and valued for taxation by
the Board of County Commissioners.
1t is thought that this is necessary
whether or not the Board of County
Commissioners shall determine to tax
the same for State or county purposes.
We therefore request that you will at
once make an order, and have it served
upon the Raleigh and CASTOR Railroad
Company Immediately, according to law,
at our expense, requiring said company
to show cause at the next February
meeting of your board why the name
and the said property of said company
shall not be entered on the tax list, and
said property assessed and valued for
taxation for the years respectively named
as the property of said company, in or
der that the city Of Raleigh may be able
to place said name and property upon it's
tax lists at the valuation to be so made
by you according to law.
We ask that you will take action in
the premises at your present meeting.
When you proceed to make the assess
ment and yalua ton, we wish to have an
opportunity to show the values of the
said property. Respectfully.
PERRIN BUSBEE,
SHEPHERD & BUSBEE,
JOHN w. HINSDALE,
Attorneys for City.
For the years 1893, 1894, 1895, 1896,
1897, 1898, par value.
Georgia. Carolina and North
ern Railroad Co. stock 500. S250,0OO
Durham and Northern Railway
Co stock ...... .......... 10000
NI Railroad Ia Co. stock -. 772,2oo
Raleigh and CASTOR Railroad
Carolina Central Railroad Co.
s. road Co. stock ............ $4,000
Also for the years 1897 and
1898
Seaboard and Roanoke Railroad
Co. stock ......... I3i.V'o
They refused to grant the petition
The following is the decision of the
Board in the matter:
sIn the matter of the of the taxation
of certain stocks and bonds of Raleigh
and CASTOR Railroad, it appearing from
the proceedings of the last Board OF
Commissioners that the whole matter
was considered and that it was ordered
that the stock held by the said Raleigh
and Castor Railroad in the Richmond
Fredericksburg and Potomac Railroad
was the only stock held by said Raleigh
and CASTOR Railroad liable to taxation,
the application of the city OF Ralelgh 70
place the same stocks and bonds on the
fax lists for the use of said city is re-
fused"
Other routine business was transacted,
and the Board adjourned till its next
regular monthly meeting.
1t is said at the War Department that
no railroad company has been given per-
mission to run through the Chickamauga
National Park.