Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-31

- / dNllS dllN EldNlllS III
front OF L. s. postoffice 1.52O.27
8. Paving and gradi"~ in
front OF private property l4.S99.76
Total $50. S2S.S9
WHEREAS. 1t NAV become neccs-
Sary to make changes in cross cuiVcrts
and cover tops and to make other
changes which may become necessary
by reason OF said pavement. and to
incur other expenses incidental there
with. and further expense by reason
lCf the fuctuatIDu OF the market prices
OF the materials to be used. all OF
which may ncccss.tat the expenditure
OF about S4.61l.ll over and above the
estimate above given, and
WHEREAS, TWeuty-nlnc cents Der
square foot appears to be Il proper
maximum cost Tor the said pavement,
and
WHEREAS. 1t appearing proper
that the cost OF so paving in front
Al asscssablc property abutting on said
rorticn Of said street be assessed to
the owner OF said property according
to the frontal rect thereof: that said
property owners have the optional
right to pay SAID assessment i'll cash
within fifty days alter completion OF
SdlV paving ana acceptance Nv liIC
city or the right to pay said assess
mcnt iii equal annual install mcuts eN-
tending over a period OF ten wears, to-
gcthcr with interest at the rate OF
five per cent per nnum on all I'm
paid inStalimentS. interest PAYABLE
sefni-annually to be collected at the
times and in the manner as city taxes
for Carson City are collected the first
half OF the first installment. with in
tcreSt tl,en due. to- be collected in the
November collection OF taxes, l9l/.
and the whole assessment together
with interest to be paid by or before
the June collection OF taxes l9ZS; that
said assessment together with interest
thereon become a hen against the
property so assessed. and all n
collected by reason o. said assessment
and interest due thereon. be placed III
a special fund to- be known as and
called the Street Sinking Fund. and
WHEREAS. 1t will become neccs-
sary for said Carson City to pledge its
credit in the sum of $35. 10000 for the
urpOs 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 per annum. interest PAYABLE on
the 10th day OF June and December OF
each year until all bonds have been
paid and in TIE aggregate OF S5o,OOO.-
90: that the Board OF City Trustees
causc said bonds to be PREPARED in
proper form and be made pavabie to
bearer not later than the 10Th dav Of
June. 1923; THAT the said bonds shall
be signed by the President OF said
hoard and countersigned BY Clerk
oi the Board. who shall attach there
to the offitial seal Of said city: that
spid bonds be redeemed only at the
office OF th~ Clerk Of Carson Citv.
and at the rate OF at least thirtv-fve
bonds or $3.5OO.OO per mum from
the 10th day of June, 1918. until the
wlhole have been redeemed but not
later than the 10th dav of June. 1923.
and that said Board shat have the
power to negotiate the sale OF said
bonds at the time and in the manncr
rs they may see fit, for not less than
their par value, and al moneys
collected thereby shall be placed in a
Street Paving Fund. and that all mon
cys coming into said fund shall be ap-
piled solely for the purposes above
mentioned. and
WHEREAS. $50 10000 Of the cost
Of so paving said portion OF said
street. being the cos OF paving III
front Of the United States mint. the
United States postoifiCe. 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 pv sand
Carson City at large. or in other
words, said sum will have to be rails
cd by said Carson CITY and applied &c
the payment Of $2O.lW Of said bonds.
together with interest at the rate OF
5 per cent per annum on all unpaid
bends. and therefore it Will be neces-
sarv for this Board to levy and co..
lcct annually a special tax sufficient
to pay said bonds as they become due
together with interest due thereon
and il appearing proper that said tan
should not exceed 80 cents on each
500 assessed valuation OF all taxable
property situated within the corpor
ate limits Of Carson CITY. Nevada
that the first INSTRUMENT OF said ta>
should be levied so that it will be col
lccted in the November collection o
taxes OF 1917. and that said tax shoult
continue not later than the June col
lection Of taxes 1923; that the non
eys collected hereunder be placed il
a speciaN fund TO be known as am
called the Street Sinking Fund: tina
said bonds and interest be paid iron
the n coming into said fund -
reason OF said special tax and SAT-
street assessment as above menti
cd: that the moneys in said fund b
used for no other purpose than tn
herein mentioned. and tina
if at the time all bonds and interes