The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-22
NOTICE OF BOND ELECTION.

pursuant 10 an ordinance duly passed
By the Board of Aldermen of the City of
Raleigh at their meeting on the night
Of May nth, 1901, notice is hereby given
that an election has been ordered by the
Board Of Aldermen to be held on July
Sth, 1901, at the polling places of the
various wards or election districts as
hereinafter described, from eight o'clock
a. m till sunset to obtain the consent
of majority Of the qualined voters of
the City Of Raleigh to the issuance OF One
Hundred Thousand Dollars of Bonds for
public Improvements as authorized by an
Act of the General Assembly Of North
Carolina, ratified on the 7th day of March,
1901, entitled IAN Act to authorize the
City of Raleigh to Issue Bonds for Pub
lie improvements and to Levy a Special
Tax Section ! and of said Act being
as follows
sec. l. That for the purpose of paw
ing, macadami2ing and otherwise imp~ov-
ing 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 public improve
ments as the said Board Of Aldermen
may determine to make. the City of Raj
eigh is hereby authorized and empowered
to issue it's bonds to an amount not eX-
ceedng One Hundred Thousand Dollars.
Of such denomination and in such proper
tiCn as the Board of Aldermen may deem
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| accruing on, and the principal at ma
| turity of the bonds issued under author
| ity of this Act the Board of Aldermen 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 whatsoever, said
| particular tax to be not less than six
| nor more than eight cents on the One
| Hundred Dollars $1,000 assessed valuation
| on property, and not less than eighteen
nor more than twenty flour cents on each
taxable poll The taxes provided for in
this section shall be collected in the man
ner and at the times other city taxes
| are collected, and shall be accounted for
| and kept separate from other city taxes,
and shall be applied exclusively to the
purpose for which they are collected. So
I Sc ha
| 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 amount 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 CT 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 pre-
scribe, to make investments of 50 much
| of the taxes collected and turned over
| to him as aforesaid as shall be appli
! cable 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
| as said Board of Aldermen may prescribe
and such Commissioner shall give bond
| and receive such compensation for his
| said services as said Board of Aldermen
may determine
That for the purposes of said election
| the City of Raleigh is divided into four
wards or voting precincts, the boundaries
| of which are as follows
The area included between the centres
| of Hillsboro street and Halifax street
| and the extensions thereof, to the centre
| of Union Square on the South and East,
respectively, and the exterior boundaries
| of said city on the North and West, con-
| stitute the FIRST WARD or voting pre-
| cinct.
| The area included between the centres
| of Halifax street and Newbern Avenue
| and the extensions thereof to the centre
/ of Union Square on the West and South
| respectively. and exterior boundaries of
| said city on the North and East consti-
| tute the SECOND WARD, or voting pre-
| cinct.
The area included between the centres
street and the extensions thereof, to the
! centre of Union Square. on the North and
| West respectively, and the exterior boun-
| daries of said civ .ha East and South
constitute the THIRD WARD, or vot-
| ing precinct
The area included between Fayetteville
street and Hillsboro street and the ex-
/ tensions thereof to the centre of Union
| Square on the East and North respective
| ly, and the exterior boundaries of said
| city, on the South and West, shall cor
stitute the FOURTH WARD, or voting
| precinct.
That an entire new registration Of the
| qualified voters is required by the Act
| and all electors desiring to vote IL said
election must be registered for this cleo
/ tion.
The registration books will open or June
! 18th, 1901, and close June % 1901. Said
books viii be open for registration of
! electors from o'clock a. m. to o'clock
p m. on said days, Sundays excepted. On
Saturdays the said registration books will
be kept open until o'clock y. NJ fcr the
| purpose of registering electors.
| The following places have been select