Goldsboro weekly argus., 1915-03-25
Registration Books Open Feb. 18th,
1916, Close March 18th, 1916.
TO THE PUBLIC:

Notice is hereby given that an cleo.
Ition will be held in the various wards
of the City of Go1dsboro, N. c., on
Friday, the 26th day Of March. 1915.
to ascertain whether the qualified
lvoters of the City of Go1dsboro author
ize and empower the Board Of Alder
men of said City to purchase for the
City of Go1dsborO, stock, at par, to
an amount not exceeding Nine Thou
sand Dollars, of the Go1dsboro E1ec-
trio Railway Company, a corporation
to be organized under the laws of the
State of North Carolina, TO commence
! business with paid in capital of Fiji
teen Thousand Dollars, whose princi-
pal object will be the purchase, ex-
tension and operation of the present
street railway system in said City
and for the purpose of paying for such
stock to issue bonds of the City of
Goldsboro to an amount not ex-
ceeding in the aggregate the amount
of stock purchased, said bonds to be
of such denomination and in such pro-
1
the City of Goldsboro may deem advis-
able, bearing interest from the date
| thereof, at a rate not exceeding six per
cent. per annum, with interest cou-
pons 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 prin-
cipa1 thereof payable or redeemab1e
at such time or times, not exceeding
twenty-five years from the date there
of, and at such place or places as
said Board of Aldermen may deter
mine, said bonds to be sold at private
or public sale with or without notice.
for not less than par value, and the
proceeds of said bonds, including any
premium received from the sale there
of, shall be applied only to the pur-
chase of stock in said Goldsboro Elec-
trio Railway Company, and for the
purpose oe providing for the payment
of the interest accruing on and the
principal at maturity of said bonds, to
annually and at the time of 1evying
other City taxes levy and lay sufh-
cient particular tax on all persons and
subjects of taxation on which the
Board of Aldermen now or may here
after be authorized to levy and lay
taxes for any purpose whatever, sufh-
cient to provide for the payment of
the same; such taxes to be collected
IN the Manner and time other City
axes are collected, and to be account
&c for and kept separate from other
lively to the purpose for which they
are levied and collected.
Said election is he1d in accordance
with an At of the General Assembly
of North Carolina, Session 1915, Pri-
vate Acts, entitled can Act to Author
ize the Board of Aldermen of the City
of Goldsbcro to Issue Bonds" ratified
the 18th day of January, 1915, and a
resolution adopted by the Board of
Aldermen of the City of Goldsboro at
a meeting held on the 18th day of
February, 1915, of which resolution,
the following is a true copy:
BE IT RESOLVED by the Board of
Aldermen of the City of Goldsboro,
North Carolina, at a special meeting
duly called and held ct the City Hall
in said City of Go1dsboro, on the 18th
day of February, 1915, quorum being
present and unanimously voting:
1. That an election shall be held on
the 26th day of March, 1915, in the
City of Goldsboro, North Carolina,
for the purpose of authorizing and
empowering the Board of Aldermen of
the City of Go1dsboro to purchase for
said City of Goldsboro, stock, at par,
to an amount not exceeding Nine
Thousand Dollars, of the Goldsboro
Electric Railway Company, a corpora
tion to be organized under the laws Of
the State of North Carolina, to COM
mence business with paid in capital
of Fifteen Thousand Dollars, whose
principal object will be the purchase
IOALSuS1OA dAu OpO1 dtlOAA VI lie VI AOo-
ent street railway system in said City.
and for the purpose of paying for
such stock, to issue Bonds of the City
of Goldsboro to an amount not exceed
ing in the aggregate the amount of
stock. purchased, said bonds to be of
such denomination and in such proper
tion as the Board of Aldermen of the
City of Goldsboro may deem advisable.
bearing interest from the date there
of, at rate not exceeding six per
cent. per annum, with interest cou-
Ipons attached, payable half-yearly, al
Isuch times and at such place or placec
as may be deemed advisable by sai6
Board of Aldermen, said bonds to be
of such form and tenor and transfer
liable in such way, and the principal
thereof payable or redeemab1e at such