Goldsboro weekly argus., 1909-01-21
CHARTER AMENDMENTS.
AS Preparedssby the Special joint
Committeelssof Aldermen and
Citizens: Public Meet
ing Monday Night.

ament of our city charter and the en-
Iargement of our city limits, have re-
ported the following, and meeting of
citizens is hereby called for Monday
night at o'clock, at the court house,
to discuss same before submitting them
to the Legislature for enactment:
AN ACT TO AMEND THE CHARTER OF
THE CITY OF GoLDsBoRo.
The General Assem- bly, OF North Car
olina do enact:
Section l. That section twenty
seven (27) of Chapter 397, Of the Pr1-
vate Laws of 1901, be amended by add
ing in line two (2) after the word
''repairing" the words paving or me-
cadamizing;" and after the word
'sstreets'' in line three (s) thereof the
words land sidewalks" Eand by add
ing at the end of said section. the fol-
lowing: The said Board of Aldermen
shall have power to issue bonds, In the
sum OF one hundred and fifty thousand
dollars I56 ,OOO,) the proceeds ofwhich
shall be applied to and used for the sole'
only and exclusive purpose OF paving
or macad amizing the streets and side
walks of said city; said bonds shall oe
of such denominations as said Board
of Aldermen may deem advisable,
bearing interest from the date thereof,
at a rate not exceeding six per centum
per annum, with interest coupons at
tached, payable halt-yearly, at such
times and ploces as may be deemed ad-
visable by said Board of Aldermen,
said bonds to be of such form and tenor,
and transferable in such way, and the
principal thereof payable or redeem
able, at such time or times, not exceed
ing forty (4O) years from the date
thereof. and at such places as the said
Board of Aldermen may determine,
none of which bonds shall be disposed
of, in any manner, for less price than
their par value.
Section 2. That said bonds and their
coupons shall not be subject to taxa
ton by said city until after they be-
come due and tender of payment shall
have been made by the city, and the
coupons shall be receivable in payment
of city taxes or other city dues for any
fiscal year in which said coupons be-
come due or thereafter;and if the holder
of said bonds or coupons shall fail to
present the same for payment at the
time or times, and at the place or
places therein named, he shall not be
entitled to any interest thereon for the
time they have been outstanding after
maturity.
Section 8. That for the purpose OF
est accruing on and the principal at
maturity of the bonds herein author
ICED, the Board Of Aldermen of said
city shall annually and at the time OF
levying other city taxes, levy and lay
q particular tax on all persons and sub
jects of taxation on which the said
Board Of Aldermen now are Or Raay
hereafter be authorized to lay and levy
taxes for any purposes whatever, sait
particular tax not to be less than five
(5) cents, nor more than sixteen (16]
cents on the one hundred dollars as
sesed valuation of property. and no
less than fifteen (15) cents, nor more
than forty-eight (48) cents on each poll
The taxes provided for in this section
shall be collected in the manner and a
the times other city taxes are collected
and shall be accounted for and KEEP
separate from other city taxes. ant
shall be applied exclusively to the pur
poses for which they are levied ant
collected. So much of said taxes a.
I1o = t0 n
est on the bonds issued as it falls due
and cannot be applied to the purchas
or discharge of said bonds, shall b.
turned over and delivered to the Com
missioner of the Sinking Fund of tn
city of Goldsboro; and be SO invested
by him as to secure the payment ct tn
principal of said bonds at their matur
ity; and the Commissioner OF the Sink
ing fund of the city of Goldsboro hav
ing in charge the sinking fund pro
vided for the payment of the bond
now outstanding against the city G
Colds boro, shall, after said outstand
ing bonds are paid of and discharge,
by him, apply any balance rcmainis
in his hands to the payment OF tn
bonds provided for in this sat.
Section 4. That section stxty-on
(s1) of said chapter be amended b;
striking out in lire twe (2) Tire weHA
''may pave It's stresses sna E9@@Wa4hS.
Section 5. That section SEVENTY
four (74) of said chapter be amende,
by adding after the word '..ssrssss'' q
line two e the words land sidewalks.
Section 6.-That all laws or parts q
laws, in conflict with this act are here
by repealed.
Sectipn 7. That this act shall tax
effect and be in force from and after it
ratification.