The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-28
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| Ike Improvements es fBse sasa board II
/ ALDERMEN snay ae4eFn9lns f9 snake. Gae
| city Ut Raleigh IN aeyefy autA9rszeS &a1
/ empowered 70 iss8e l1S bonds tg 81
| amount n0g exceeding ODe aBn6Fess t20g-
| sand dollars, ~ such Gen0g8snatsgls and
In such proportions as the Board "
| Aldermen may deem advisable. bearing
| interest from the date thereof at rate
NOT exceeding FIVE per eentum per an
/ mum. with interest coupons attached,
| payable half yearly. al s8ch times and al
| such place or places So may be deemed
| advisable by said Board Of Aldermen:
1 said bonds to be Of such form and Ten9r
and transferable In such way, and the
| prinei ,al thereof payable or redeema-
| bic At snch time or times. not exceeding
| thirty years from the date thereof, and
| at such place or places as the Bard of
| Aldermen may determine.
Section ). That for the purpose o.
providing for the payment 0f the inter
est accruing on and the principal at ma
turity Of the bonds issued under au-
| thority of this act the Board Of Alder
men of said city shall annually, and ar
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 TO
lay and levy taxes for any purpose what
soever, said particular tax to 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, and
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 iof 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-
! BILE as aforesaid to the payment of the
| pIluCipdl VI odIu loSuCd uhuCA biAio
| 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 ballot, ~ inches wide by 3
| 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 'Disapproyed."
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-
| tions 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.
| 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 viii be open for reg
istration of voters from sunrise to sunset
for ten days, Sundays excepted, begin
| ming Nav Both and closing at sunset on