Goldsboro weekly argus., 1915-03-04
ENTIRE NEW REGIS
TRATION REQUIRED.
Registration Books Open Feb. 18th,
1915, Close March 25th, 1916.
TO THE PUBLIC:

OF the City OF GO1QSDOrO, N. ", Oh
Friday, the 26th day of March, 1915,
to ascertain whather the qualified
voters of the City of Goldsboro author
ize and empower the Board of Alder
men of said City to purchase for the
City of Goldsboro, stock, at par, to
an amount not exceeding Nine Thou
sand Dollars, of the Goldsboro Elec-
trio RailM ay Company, corporation
State of North Carolina, to commence
business with a paid in capital Of Fiji
teen Thousand Dollars, whose princi-
pal object will be the purchase, ex-
\ 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 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-
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
of, 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
other City taxes levy and lay a suffi-
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, sufi-
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 eXc1us-
lively to the purpose for which they
are levied and collected.
Said election is held in accordance
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 Goldsboro al
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 o1
Aldermen of the City of Goldsboro
f North Carolina, at a special meetins
duly called and held at the City Hal
: in said City of Goldsboro, on the It'll
). day of February, 1915, quorum being
present and unanimously voting:
L l. That an election shall be held OF
: the 26th day of March, 1915, in th'
d C-ty Of Goldsbero, North Carolina
a ar the purpose of authorizing am
Empowering the Board of Aldermen o
the City of Goldsboro to purchase fo
said City of Goldsboro, stock, at pal
to an amount not exceeding Min
Thousand Dollars, of the Goldsbor
Electric Railway Company, corpora
ton to DE organized under the laws c
= mence business with paid in capita
g of Fifteen Thousand Dollars, who's
l. principal object will be the purchas
ID extension and operation of the pres
It ent street railway system in said Cit
ct and for the purpose of paying fc
" SuCn StOCk, TO issue BONUS OIL the Clt
se of Go1dsboro to an amount not exceed
n ing In the aggregate the amount
ly stock purchased, said bonds to be
e, such denomination and in such propo
lie ton as the Board of Aldermen of IL
r City of Goldsboro may deem advisabl
es bearing interest from the date ther
's. OF, at rate not exceeding six F.
VI cent. per annum, with interest CO
lpons attached, payable half-yearly,
such times and at such place or plac
as may be deemed advisable by sa
'xt Board of Aldermen, said bonds to
of such form and tenor and transfe
- able in such way, and the princiI
n thereof payable or redeemable at su
VI time or times, not exceeding twent
| five years from the date thereof, a
O at such place or places as said Boa
of Aldermen may determine, Sc
GIi bonds to be sold at private or pub