Goldsboro weekly argus., 1915-03-11

TRATION REQUIRED.
Registration Books Open Feb. 10Th,
1916, Close March 25th, 1916.
TO THE PUBLIC:
Notice is hereby given that an cleo
ton will be held in the various wards
of the City of Goldsboro, N. c., on
Friday, the 26th day of March, 1915,
to ascertain whether 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 Railway Company, a corporation
to be organized under the laws of the
State of North 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
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
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 suffi-
cient particular tax on all persons and
subjects of taxation on which the
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
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
iKe the Board of Aldermen of the City
of Goldsbcro to Issue Bonds,' ratified
the 10Th day of January, 1915, and
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 true copy:
BE 1T RESOLVED by the Board of
Aldermen OF the City of Goldsboro
North Carolina, at 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:
J. That an election shall be held on
the 10Th day of March, 1915, in the
City of Goldsboro, North Carolina,
fer the purpose of authorizing and
empowering the Board of Aldermen of
the City of Goldsboro to purchase for
said City of Goldsboro, stock, at par,
Thousand Dollars, of the Goldsboro
Electric Railway Company, 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
extension and operation of the pres
ent street railway system in said City
and for the purpose of paying fo1
such stock, to issue Bonds of the City
of Goldsboro to an amount not exceed
ing in the aggregate the amount o1
stock purchased. said bonds to be OF
such denomination and in such proper
ton as the Board of Aldermen of the
City of Goldsboro may deem advisable
bearing interest from the date there
Iof. at rate not exceeding six PEI
cent. per annum, with interest cou
pons attached, payable half-yearly, a
such times and at such place or place
las may be deemed advisable by sait