Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-23

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 $35.OOO.U for the D of
paving Carson Street of said Carson
City. from Washington Street on the
north to Second street on the south.
with a hve-inch concrete base and an
inch and a half asphalt top in cor
aroe with the plans and specifications
on file in the office Of the City Clerk
of said Carson City. but at a cost not
to exceed 70 cents per square foot.
and for the further purpose OF doing
all things necessary or incidental
therewith; said bonds be issued in the
name of Carson City, and for one
hundred dollars ($lOO) denomination
each. bearing interest at the rate of
5 per cen per annu1n. interest pay
able s~emi-annually; that the Board of
| City Trustees cause said bonds to be
prepared in proper form. PAYABLE to
bearer at such times as NAV be DEEM
ed proper by said Board. but not later
thar 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 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
! cidental Herewith; that said bonds
| be redeemed only at the office of the
| Clerk of Carson City. and at the rate
| Of %thirty-fve bonds or S3.5OO.m per
| annum. from the 10th day OF June.
1918, until the, whole thereof have
been redeemed. but not later than The
| 10th dav of June. 1923: hat said or
| dinance provide for the levving and
| collecting Of a sDecia1 annual tax sui
| fcient to paw $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
J hundred dollars (SlOO) assessed valu-
alton of all taxable propertv 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 monseys 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 coming into
said fund Dv reason of sa:d tax and
the street assessments as hereinafter
provided. and that the moneys in said
fund be used for no other purpose.
but that after all bonds and interest
have been paid. all then re
naming ic said fund shall be trans
ferred to the General Fund of said
city. and said special Street Fund shall
cease.
BE IT 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. living between Washington
Street on the north and Second Street
on the south. to pay for the cost of
paving to the center OF sand. 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 I'D cost shall lot 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
nual installments extending over a
period Of ten years. together with in
terest on all unpaid installments. at
the rate of ) per cent per annurn. IN
terest payable ~seml-annually. and said
installments and interest to be col
lected at the times and in the name
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 Dv or
before the June collection of taxes
1923; that said 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 Oft
| the 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 22d 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.