The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-12
NOTICE OF ELECTION.


liaa If 1899. ratified February 18th,
1850. entitled. "&n Set TO authorize
the city ~ Raleigh 10 issue bonds for
public improvements snd 70 levy
steciaI INK B6fite is hereby given that
u special election viii 30 held at the
v1riGus polling places hereinafter named
on The 18Th day Of Tune, 1899, for the
purpose Of obtaining tho consent of
majority Of the qualified voters Of said
city to the issuauc" Of the bonds provid-
cd for in Sections j and > Of said Act,
Nv follows:
Section /. That for the purpose of
paving. macadamizing and otherwise
improving such OF the public streets of
the City Of Raleigh as the Board of
Aldermen of said city may determine to
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 to 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 at Il 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 to be of such form and tenor
and transferable in such way, and the
prir"i ba thereof payable or rcdccma-
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 purpose of
providing for the payment of the inter-
est accruirg 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 at
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
kent 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 nav 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
faxes are levied and collected, shall be
invested so as to secure the payment ut
maturity of the principal of the SAID
bonds: and to insure the due investment
of the amounts collected from year to
wear in excess of that required to pay
| the said interest the Board of Alder
! mon shall cause the said excess to be
turned over to the commissioner of the
| sinking fund of the city of Raielgh,
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 appllca-
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
ms 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 )
! inches long, of white book" paper, in
weight 40 pounds to the ream. without
| device, mutilation or ornamentatlon,
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 1892 ratified
March 9th, 1890, entitled: IAN Act to
provide the manner of election and the
registration of voters in cities and
towns. and for elections upon local ques-
tons 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 Newborn 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 Hilsboro
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-
uuired 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
for ten days, Sundays excepted, begin
ming May Both and closing at sunset on
June 9th at the following places (which
are also the polling places) nv the