The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-20


TO secure the payment at maturity CT the
PRINCIPAL of the said bonds. And to in
sure the due investment of the amount
collected, from year to year in excess of
that required to pay the said interest, the
beard of aldermen shall cause the said
excess to be turned over TO the commits
sionor of the Sinking Fund of the city of
Raleigh, whose duty it shall be under
such general rules and regulations as
said board of aldermen shall from time
to time prescribe to make investments OF
so much of the taxes collected and
turned over to him as aforesaid, as shall
be applicable as aforesaid to the pay
neDt 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 shall
prescribe and such commissioner shall
give bond and receive such compensation
fer his said services. as the board CT
aldermen shall determine.
Sec 6. That the provisions of sections
l and of this act shall be submitted
to vote of the qualified voters of the
city of Raleigh al an election to be held
bv the board of aldermen at any time af-
ter ten days from and after the ratifca-
ton of this act, and after public notice
of the registration Of such electors as is
herein provided, designating the times
and places at which such registration
shall be had, and Of the time when and
places where the said election shall be
held which notice shall contain a copy
~
same given for thirty days prior to said
new registration, and published in two
or more newspapers published in the city
of Raleigh. And for the purpose of hold
ing and conducting such elections, the
city of Raleigh is hereby divided into
four wards, each of which shall constitute
a single voting precinct. the boundaries
of which shall be as follows:
The area included between the centres
of Hillsboro street and Halifax street and
the extensions thereof to the centre of
Unicn Square on the south and east re-
spectiveIy, and the exterior boundaries of
said city on the north and west shall
constitute the first ward or voting pre-
cinct.
The area included between the centre
OF Halifax street and Newbern avenue,
Union Square on the west and south re-
spectively, and the exterior boundaries of
said city on the north and east respec-
lively shall constitute the second ward or
voting precinct.
The area included between the centre
of Newborn avenue and Fayetteville
street and the extensions thereof to the
centre of Union Square on the north and
orin
daries Of said city on the east and south
shall constitute the third ward or voting
precinct.
The area included between Fayetteville
street and Hillsboro street and tho OK
tensions thereof to the centre of Union
Square en- the east and north respectively
and the exterior boundaries of said city
on the south and west shall constitute
the fourth ward or voting precinct.
Provided that the wards or voting pre-
cincts herein constituted shall are for
the sole purpose of holding and conduct
ing the election herein provided and none
other that the city clerk shall perform
the. duties and have the powers conferred
upon the County Board of Education OK
cept where the same are unnecessary
for the purposes of this election. The
clerk of said city shall elect and appoint
four registrars in and for each of the
wards or voting precincts aforesaid, and
shall funsh them with proper registra-
ton books, and the said registrars shall
at the times and places designated By
the board of aldermen open said regis
tration books and take a new and distinct
registration of the qualified voters therein
as provided in elections for the aldermen
of the city of Raleigh
Said elections shall be held and returns
thereof made except as where provided
under the same rules and regulations as
exist in the case Of elections Of aldermen
CT the city. Those qualified voters an
proving the issue of the bonds provided
fer in section l and the levy and collec-
tion of the particular taxes provided for
in section OF this act shall deposit in a
ballot box a slip containing the written or
printed word Approved" and those dis
approving the same shall deposit like
slip with the printed or written word
"Disapproved If a majority of such vo-
tiers shall vote approved" it shall be
deemed and held that a majority of the
qualified voters Of the city of Raleigh are
in favor OF giving the board of aldermen
authority to issue the bends au
thorized by section one Of this
act and to levy the particular taxes
authorized in section of this act and
the board Of aldermen shall have such au-
thority. But If majority Of the qualified
voters shall vote disapproved the board
of aldermen shall not have this author
ity Provided that If at any election held
under this act majority of the qualified
voters shall fail to vote in favor of issuing
said bonds, it shall not prevent the board
of aldermen from ordering another cleo
ton under this act at any time after
lapse of six months from the date of such
former election, and if at such cother eltc
tion majority of the qualified voters
shall vote approved" it shall have the
same authority and effect as if no cleo
ton had been previously held.
Sections and s, of the act repeats all
conflicting laws, and provide that the act
shall be in force from and after it's rati-
fcation