The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-25
NOTICE or BOND ELECTION.

Pursuant to an ordinance duly passed
| by the Board of Aldermen of the City of
Raleigh at their meeting on the night
! of May 18th, 1901. notice is hereby given
| that an election has been ordered by the
| Board of Aldermen to be held on July
| Sth, 1901, al 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 a 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 CO North
| Carolina, ratified on the 7th day of March,
! 1861, entitled IAN Act to authorize the
| City of Raleigh to- Issue Bonds for Pub
| lie improvements and to Levy a Special
| Tax" Section l and Of said Act being
as follows:
Sec. /. That for the purpose of paw
| ing, matchmaking 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 its bonds to an amount not eX-
| ceeding One Hundred Thousand Dollars,
| Of such denomination and in such proper
| tCn as the Board of Aldermen may deem
| advisable. bearing interest from the date
| thereof at a rate not exceeding five per
| centum per annum, 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 principal thereof payable to re-
/ deemabe at suclf time or times not eX-
| ceeding thirty years from the date there
! of and at such place or places as the
Board of Aldermen may determine"
Sec 5. That for the purpose Of pro-
viding for the payment of the interest
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 leyying 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
| Hundred Dollars ($100) assessed valuation
on property, and not less than eighteen
nor more than twenty four cents on each
taxable poll The taxes provided for in
| this section shall be collected in the man
| ner aud 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
| 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; ar1 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 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 pre-
/ scribe, to make investments Of so much
| of tho 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-
stitutc the FIRST WARD or voting pre-
| cinct.
| The area included between the centres
| OF Halifax street and Newbern Avenue
| AMI the extensions thereof to the centre
OF Union Square on the West and South
| respectively, and exterior boundaries of
eotd ctv on tho North and East consti-
tute the SECOND WARD, or voting pre-
cinct.
The area included between the centres
of Newborn Avenue and Fayetteville
! street and the extensions thereof, to the
centre of Union Square, on the North and
West respectively, and the exterior boun-
! daries Of s3'd CT 70 East and South
! constitute the THIRD WARD, or vot-
| ing precinct.
The area included between Fayetteville
| street and EJillsboro 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
ton.
The registration looks will open or June
18th, 1901 and close June 20 1901. SAID
books will be open for registration of
electors from 8 o'clock a. m. TO O'Clock
D. m. on said days, Sundays excepted. On
SATURDAYS tho said regist ration books will