Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-06

plus shall be transferred to the Cen
eral Fund of said city. and said Street
Sinking Fund shall then ease.
THEREFORE BE 1T RESOLV-
ED. That the City Trustees of Car
son City. Nevada. pass an ordinance
creating a bonded indebtedness in the
sun of $35,OO.O for the purpose Of
paving Carson Street of said Carson
City, from Washington Street on the
north to Second street on the south.
with a fve-inoh concrete base and an
inch and a half asphalt top in accord
anoe with the plans and specifications
on file in the office of the City Clerk
of said Carson City. but at a cost not
to exceed % cents per square foot.
all things necessary or incidental
Herewith; said bonds be issued in the
| name of Carson City. and for one
| hundred dollars ($lOO) denomination
| each. bearing interest at the rate OF
) per cent per annurn interest pay
| able s~emi-annua1ly: that the Board of
| City Trustees cause said bonds to be
prepared in proper form. payaDie to
bearer at such times as NAV be deem
| ed proper by said Board. but mo- later
! than the 10th day of June. 1923: that
| of the Board and countersigned by
the Clerk of the Board who shall at
tach thereto the official seal of said
| city; that the said Board shall have
| power to negotiate the. sale of said
| bonds at the time and in the n
| they may deem fit. but for O less
| than their par value; that the honey
COLLECTED hereunder be paid into a
fund to be created and called the
Street Paving Fund. and that all mon.
eys coming into said fund be applied
/ cn1o1r f0r f1ha n,,rnnca of en- naVinO
said portion of said Carson Street and
doing those things necessary or in
cidental Herewith; that said bonds
be redeemed only at the office of the
| Clerk of Carson City. and at the rate
of thirty-hve bonds or $3.5OO.0O per
annrm. from the 10th day of June.
1918, until the, whole thereof have
been redeemed. but not later than the
10th dav of June. 1923: that said or
dinanse provide for the levving and
coIfecting OF a special annual tax sui
being the city's portion of the cost of
said pavement and other things incl
dental Herewith; that said annual tax
shall not exceed 80 cents on each One
hundred dollars ($1OO) assessed valu-
alton of all taxable property situated
within the corporate limits of Carson
City. Nevada; that the first Install
ment Of said tax be levied so that the
first half thereof will be collected at
the November collection of taxes.
1917; that said tax terminate and end
taxes. 1928: that said tax be known
as and called the Street Tax; that
all moneys collected hereunder be
placed in a special fund to be known
as and called the Street Sinking Fund:
that said bonds and interest thereon
be paid from the n coming into
said fund Ov reason Of sa.d tax and
the street assessments as hereinafter
provided. and that the moneys in said
fund be used for nc other purpose.
but that after all bonds and interest
have been paid. all moneys then re-
naming in said fund shall be trans
ferred to the General Fund Of said
city. and said special Street Fund shall
cease.
BE 1T FURTHER RESOLVED.
That this Board pass an ordinance re-
curing all owners of assessable real
property abutting on that portion OF
Carson Street of CARSON City. Ne
vada, lying between Washington
Street on the north and Second Street
on the south. to pay for the cost of
paving to the center OF said abutting
their said property according to
L TIC pldllS dllt SpGClll(dllOlS Ol llIS Ill
the City Clerks office, of said Carson
City, according to the frontal feet
thereof; that said cost shall not eN-
coed % cents per square foot: that
said property owner Shall have the
optional right to pay said assess
ment in cash within fifty DAYS after
the completion of said pavement and
acceptance by the city, or the right
to pay said assessment in equal an
nual lnstallnents extending over a
period of ten years. together with in
terest on all unpaid installments. at
the rate of ) per cent per annum. in
terest payable semi-annuallv. and said
installments and interest to be col
lected at the times and in the
as the city taxes Of Carson City are
collected. the first half of the first in
stallrnent and interest to be collected
in the November collection Of taxes.
1917. and the whole assessment. to-
gettNer with interest. to be paid by or
before the June collection of taxes
1873; that sald assessment. together
with interest thereon. shall become a
lien against the property SO assessed.
and that all moneys collected by reaS-
on of said assessment. and interest
due thereon. be placed in the Street
Sinking Fund, to be created. and all
moneys so placed in said fund by reas-
on of said assessment and the special
tax as hereinbefore provided be used
only for the purpose of paving off
the bonded Indebtedness Of said Car
som City as above provided. and
BE IT FURTHER RESOLVED.
That this RESOLUTION be spread
! upon the minutes of this Board. and
be published in the Carson City News
and the Carson City Daily Appeal for
! the f1111 DeriOd OF four weeks.
Approved this 22d' on Nav. 1916.
ALEXANDER MACDONALD.
President of the Board of CITY Trus-
tees OF Carson City. Nevada.
Attest, this 22d day OF Nav. 1916.
DANIEL F. MORTON.
Clerk of the Board.
Date OF first puhlicatiOn. Nav y.