Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-17

eral Fund of said city. and said Street
Sinking Fund shall then cease.
THEREFORE BE IT RESOLV-
ED. That the City Trustees Of Car
son City. Nevada. pass an ordinance
creating a bonded indebtedness in the
sum of $35.OOO.W 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 hve-inoh concrete base and~an
inch and a half asphalt top in accord
ance 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
therewith; said bonds be issued in the
| name of Carson City. and for one
hundred dollars ($1OO) denomination
each. bearing interest at the rate of
5 per cent per annurn. interest pay
able semi-annually; that the Board OF
| City Trustees cause said bonds to be
prepared in proper form. paya'Die to
bearer at such times as may be DEEM
| ed proper by said Board. but not later
, than the 10th day of June. 1873: that
| said bonds be signed by the President
Of the Board and countersigned by
the Clerk of the Board who shall at
s.! tach thereto the official seal of said
| city; that the said Board shall have
| power to negotiate tine, sale of said
| bonds at the time and in the manner
i 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 m
cidental therewith; 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.U per
annrm. from the 10th day of June.
1913, until the whole thereof have
10th day of June. 1923; that said or
| dinance provide for the levying and
collecting of a special annual tax suT-
hcient to pay $40, 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 ($1OO) assessed valu-
alton of all taxable property situated
within the corporate limits of Carson
City. Nevada; that the first INSTALL
1 1IlGnC OF Sd1u Tax NC leN1eu So It'd Xix
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
as amid called the Street Sinking Fund:
that said bonds and interest thereon
be paid from the n coming into
said fund Dv reason of said tax and
the street assessments as hereinafter
provided. and that the in said
fund be used for nc other purpose.
but hat 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
the plans and specifications on file in
the City Clerks office of said Carson
City, according to the frontal feet
thereof; that said cost shall not ex-
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
i r11o1 1rr ante n~tor1,rr quar- n
period of ten years. together with in
terest on all unpaid instaIments. at
the rate OF 5 per cent per n in
terest payable semi-amually. and said
lnstallments and interest to be col
lected at the times and in the manner
as the city taxes of Carson City are
collected. the first half of the first in
stallment and interest to be collected
in the November collection of taxes.
1917. and the whole assessment. to-
gether with interest, to be paid by or
before the June collection of taxes
1923; that said assessment. together
with interest thereon. hal 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 Oft
tine bonded Indebtedness of said Car
son 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 full period of four weeks.
| Approved this I'D of MAY, 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 publication. MAY y.
1916.