Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-03

SuIDluS IeIHdlliS III Sofo 1oifu. Sdlo sur
plus shall be transferred to the Cen
eral Fund of said city. and said Street
Sinking Fund shall then cease.
THEREFORE BE 1T RESOLV-
ED. That the City Trustees of Car
son City, Nevada, pass an ordinance
creating a bonded indebtedness in the
sum of $35.UU.OO 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-lnch 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 20 cents per square foot.
and for the further purpose OF doing
all things necessary or incidental
Herewith; said bonds be issued in the
| name of Carson City. and for one
hundred dollars (S1O) denomination
each, bearing interest at the rate OF
5 Der cent per annunl, interest pay
able semi-annua1ly; that the Board OF
City Trustees cause said bonds to be
prepared in proper form. payaD.e to
| bearer at such times as NAV be Deem
| ed proper by said Board. but not later
I han the 10th day of June. 1923: that
| said bonds be signed by the President
| of the Board and counterslgned by
| the Clerk of the Board who shall at
! tach thereto the official seal of sand
| city; that the said Board shall have
power to negotiate tNe, sale OF said
| bonds at the time and in the manner
| they may deem fit. but for not less
| than their par value; that the moneys
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
solely for the purpose OF so paving
said portion of said Carson Street and
doing those, things necessary or in
cidenta1 Herewith: that said bonds
be redeemed only at the office of the
Clerk of Carson City. and at the rate
of thirty-hve ponds or $3.5OO.W 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
dinance provide for the Lowing and
collecting of a special annual tax sur
6cient to pay $50, 10000 of said bonds:
being the citv'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 (S1OO) 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
by or before the June collection of
taxes, 1923: 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
5 as and called the Street Sinking Fund:
that said bonds and interest thereon
be paid from the moneys coming into
; said fund Dv reason OF safd tax and
the street assessments as hereinafter
provided. and that the moneys in said
; fund be used for no other purpose.
t but that after all bonds and interest
naming in said fund shall be trans
$ ferred to the General Fund of said
t city. and said special Street Fund shall
] cease.
IL BE IT FURTHER RESOLVED.
That this Board pass an ordinance re-
curing all owners of assessable real
S property abutting on that portion OF
Carson Street OF Carson City. Ne
+ vada, lying between Washington
r Street on the north and Second Street
on tine south, to pay for the cost of
paving to the center OF sand abutt'' Z
their said %property according to
! the plans and specifications on file i'll
t the City Clerks office of said Carson
City, according to the frontal feet
= thereof; that said cost shall not eN-
S coed % cents per square loot: that
said property owner shall have the
0 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 installments extending over a
I period of ten years. together with IN
terest on all unpaid installments. ar
:. the rate OF ) per cent per annum. IN
e ! terest payable se1ni-annually. and said
installments and interest to be col
lected at the times and i'll the name
t as the city taxes of Carson City are
collected. the first harf OF the first in
stal1ment and interest to be collected
! in the November collection of taxes.
1917. and the whole assessment. to-
g%etirer with interest, to be paid Dy or
S before the June collection OF taxes
1923: that sald assessment. together
e 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
t Sinking Fund, to be created. and all
4 moneys so placed in said fund by reas-
\ on of said assessment and the special
e tax as h~ereinbefore provided be used
only for the purpose of paving Oft
the bonded Indebtedness Of said Car
! SON City as above provided. and
+ BE IT FURTHER RESOLVED.
Y 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 full period of four weeks.
', Approved this I'D OF Nav. 1916.
t ALEXANDER MACDONALD.
| President of the Board of City Trus-
tees OF Carson City. Nevada.
Attest, this 22d day of Nav. 1916.
DANIEL E. MORTON.
:. Clerk of the Board
i Date Of first publication. MAY p.
( 1915. -