Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-25

RESOLUTION
WHEREAS, 1t appearing to the
Board Of City Trustees o" Carson
City. Nevada. that it would be bene-
fetal to said Carson CITY to grade
and pave with a standard asphalt
pavement. consisting of five inch con-
crete base and an inch and a hall
asphalt top, iii 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 eighty-three
feet. and =.
WHEREAS. The actual estimate of
so grading and paving said portion OF
said street is as follows:
Biased upon tfna estimate OF zR
cents Ger square foot for grading.
and 24M cents per square foot tor
pavln")
|. Paving and grading street
intersections, including
connecting drains and
basins 0,245.55
2. Paving and grading in
front of County BLDG. 7OO.O5
3 Paving and grading in
front of State~C Capitol 3,O44.5/
4. Paving arrb grading in
front of L. S. Mint $500 1889
5. Paving and grading in
front of u. S. Postotfice l,32O.Z
g.. Paving and gradin" in
front of private property 14,S99./o
Total SSO.32S.89
WHEREAS. 1t NAV become neces-
sary 10 make changes in cross cutverts
and cover tops and t. make other
changes which NAV become necessary
by reason of said pavement, and to
: incur other expenses incidental there
with. and further expense by reason
cf the f@uctuation of the market prices
Of the materials to be used. alb OF
which may neCessitate the expenditure
OF about $4,67l.ll ove and above the
estimate above given. and
WHEREAS. Twenty-Five cents Der
square foot appears to be a proper
maximum cost for the said pavement,
and
WHEREAS, 1t appearing proper
that the cost OF so paving in front
OF assessable property abutting on said
portion of said street be assessed to
the owner OF said property according
to the frontal feet thereof: that said
property owners 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 installments ex-
tending owe a period of ten wears. to-
gether with interest at the rate OF
five per cent per annum on all un-
paid installments. interest PAYABLE
seni-annually to be collected at the
times and in the name as city taxes
for Carson City are collected the first
half OF the first installment. with in
terest then due. to- be collected in the
November collection of axe l9l7
and the whole assessment together
with interest to be paid by or before
the June collection of X 1923; that
said assessment together with interest
thereon become a lien against the
property so assessed. and all moneys
collected bv 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 S35,GOO.W for the
purpose of so paving said portion OF
Carson street. and it appearing proper
to issue bonds in the name on Carson
City. of $4,000 denomination each
bearing interest at the rate Of five pei
cent per annum interest PAYABLE on
each year until all bonds have been
n1,1 n MI ~, thra oooraT1ta ct StS IGNl
90: that the Board of City Trustees
cause said bonds to be prepared in
proper form and be made PAYABLE to
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 the Clerk of Carson City,
and at the rate of at least thirty-fve
bonds or $3.5OO.OO per annum. from
the 10th day of June, 1918. until the
whole have been redeemed but not
later than the 10th dav Of June. 1923.
and that said Board shall have the
power to negotiate the sale OF said
bonds at the time and in the manner
&s they may see fit. for not less than
their par value, and al moneys
collected thereby shall be placed in a
fund to be created and called the
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