Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-24
RESOLUTION

l.
WHEREAS, 1t appearing to the
Board of City Trustees of Carson
City. Nevada. that it would be bene- |
and pave with a standard asphalt
pavement. consisting of five inch con-
crete base and an inch and a hall
asphalt top, in accordance with the
plans and specifications on file I'M the
City Clerks office of Carson City,
Nevada, Carson street of said Carson
City, from Washington street on the
north to Second street on the south.
being a distance of about one thous-
and eight hundred and e~ighty-three
feet, and
WHEREAS. The actual estimate Of
so grading and paving said portion OF
said street is as follows:
Biased upon the estimate of ~
cents Ger square foot for grading,
and 24N cents per square foot for
pavlno)
l. Paving and grading street
intersections. including
connecting drains and
?. Paving and grading in
front of County Bldg..-. 7OO.O5
3 Paving and grading in ..
front of State Capitol---,- 3,O44.37
4. Paving arrD grading in
front OF L. S. Mint ---,-.-- l,llS.8e
5, Paving and grading in
front of U. S. P~ostoffice 1927
g.. Paving and gradir~ in
front Of private property l4,So9.76
Total S5O,32S.8o
WI L Z 4 G o,o-
sary to make changes in Cu.verts
and cover tops and to make other
changes which NAV become necessary
by reason of said pavement and to
incur other expenses incidental there
with, and further xpense by reason
81 the tuCtuatiOn of the market prices
OF the materials to be used. alb of
which NAV neCessitate the expenditure
OF about $4,67l.ll over and above the
estimate above given. and
WHEREAS, Twenty-nine cents Der
square loot appears to be a proper
maximum cost for the said pavement.
and
WHEREAS. Twenty-nine cents pei
square loot appears to be a proper
maximum cost OF so paving in front
OF assessable property abutting on said
rOrtfeN OF said street be assessed to
tlS o"lSl VI SdlU plopCltt dSNOlNllS
to the frontal feet thereof: that said
property have the optional
right to pay said assessment in cash
within fifty days after completion OF
said paving and acceptance by the
city or the right to pay SAID assess
/ ment in equal annual instruments eX-
tending over a period of ten wears, to-
oether with interest at the rate Of
five per cent per annum on all TN
paid installments. interest PAYABLE
| serni-arnually to be collected at the
times and in the as city taxes
for Carson City are collected the first
half OF the first installment. with in
terest tl!en due. to- be collected in the
November collection OF taxes. 1917.
and the whole assessment together
with interest to be paid by or before
the June collection of taxes 1923; that
said assessment together with interest
thereon become a lien against the
property so assessed, and all moneys
collected by reason OF said assessment
and interest due thereon. be placed in
a special fund to- be knOwn as and
called the Street Sinking Fund, and
WHEREAS. 1t will become neces-
sary for said Carson City to pledge its
credit in the sum of $35.O0O.W for the
purpose Of SO paving said portion OF
Carson street. and it appearing proper
to issue bonds in the name of Carson
City, of $4,000 denomination each.
bearing interest at the rate of five per
cent pier INT interest PAYABLE on
the 10th day OF June and December Of
each year until all bonds have been
paid and in the aggregate OF S35,OOO.-
90; that the Board of City Trustees
cause said bonds to be prepared in
~-~~a- o~., a..I H. .,oJo ~~-,h1a %@
bearer not later than the 10th day Of
June. 1923; that the said bonds shall
be signed by the President Of said
Board and countersigned by Clerk
of the Board. who shall attach there
to the official seal of said city; that
said bonds be redeemed only at the
office of tn" Clerk of Carson City.
and at the rate ,of at least thirty-five
bonds or $3.5OO!O per nnu from
the 10th day of June, 1918. until the
whole have been redeemed but not
later than the 10th dav of June. 1928.
and that said Boand shall have the
power to negotiate, the sale Of said
bonds at the time and in the hammer
as they may see lit, for not less than
their par value, and alt moneys
collected thereby shall be placed in a
fund to be created and called tle
Street Paving Fund, and that all mon
eys coming into said fund shall be ap-
piled solely for the purposes above
mentioned. and
WHEREAS, $40 10000 of the cost
of so paving said portion of said
street, Being the cost of paving in
front of the United States mint. the
United States postoffice. the State
Capitol. the County building and the
intersections of cross streets with said
portion of Carson street. and other
expenses which may be necessarily
involved. will have to be paid Dy said
Carson City at large. or in other
words. said sum will l1ave to be rails
ed by said Carson City and applied to
the payment Of $40. 100 of said bonds,
together with interest at the rate OF
5 per cent per annum on all unpaid
bonds, and therefore it will be neces- |