Goldsboro weekly argus., 1915-02-25
ENTIRE NEW REGIS
TRATION REQUIRED.
Registration Books Open Feb. 18th,
1916, Close March 25th, 1915.
TO THE PUBLIC:

ton will be held in the various ward
of the City of Goldsboro, N. c., Oh
Friday, the 26th day of March, 1915
to ascertain whether the qualified
lyoters of the City of Goldsboro author
lie and empower the Board of Alder
men of said City to purchase for the
City of Goldsboro, stock, at par, tt
sand Dollars, of the Goldsboro Elec
trio hallway Company, a corporation
to be organized under the laws of the
State OF >olth Carolina, to commence
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-
portion as the Board of Aldermen OF
the City of Goldsboro may deem advis-
able, bearing interest from the date
| thereof, at 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-
cipal thereof payable or redeemable
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
Eof. shall be applied only to the pur-
chase of stock in said Goldsboro Elec-
trio Railway Company, and for the
purpose of providing for the payment
of the interest accruing on and the
principal at maturity of said bonds, to
ANNUALLY and at the time of levying
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, suffi-
cient to provide for the payment of
the same; such taxes to be collected
in the manner and time other City
taxes are collected, and to be account
ed for and kept separate from other
City taxes, and to be applied exclus-
lively to the purpose for which they
are levied and collected.
Said election is held in accordance
with an Act 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 Goldsboro to Issue Bonds" ratified
the 18th day of January, 1915, and a
resolution adopted by the Board Of
Aldermen of the City of Geldsboro at
a meeting held on the 18th day of
February, 1915, of which resolution,
the following is a true copy:
BE 1T RESOLVED by the Board of
Aldermen of the City of Goldsboro,
North Carolina, at a special meeting
duly called and held at the City Hall
in said City of Goldsboro, 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
Iity of Geldsboro, North Carolina,
n the purpose of authorizing and
lpowering the Board of Aldermen of
ne City of Go1dsboro to purchase for
aid City of Goldsboro, stock, at par,
co an amount not exceeding Nine
Thousand Dollars, of the Geldsboro
Electric Railway Company, a corpora
tion to be organized under the laws OF
the State of North Carolina, to COM
lmence business with a paid in capital
of Fifteen Thousand Dollars, whose
lprineipal object will be the purchase
extension and operation of the pres
lent street railway system in said City
and for the purpose of paying fol
such stock, to issue Bonds of the City
Of Goldsboro to an amount not exceed
ling in the aggregate the amount o
stock purchased, said bends to be o
such denomination and in such proper
tion as the Board of Aldermen of tn
City of Goldsboro may deem advisable
bearing interest from the date there
+ of, at rate not exceeding six Pc
cent. per annum, with interest cou
pons attached, payable half-yearly, a
such times and at such place or place
as may be deemed advisable by sal
t Board of Aldermen, said bonds to b
lpf such form and tenor and transfer
: able in such way, and the princips
thereof payable or redeemab1e at sue
,. time or times, not exceeding twenty
= five years from the date thereof, an
: at such place or places as said Boar