Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-24

S1lKlnE FunQ snail 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,OUO.U for the purpose of
paving Car son Street of said Carson
City. from Washington Street on the
north to Second street on the south.
with a tvelnch 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 % cents per square foot.
and for the further purpose of doing
all things necessary or incidental
name of Carson City. and for one
hundred dollars ($1OO) denomination
each. bearing interest at the rate of
5 per cent per nnu1 interest pay
able semi-annually: that the Board of
City Trustees cause said bonds to be
prepared in roper form. PAYABLE to
bearer at such times as NAV be deem
ed proper by said Board. but not later
than the 10th day of June. 1923: that
said bonds be signed by the Pr resident
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
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 S3,5OOW per
annum, from the 10th day of June.
been redeemed. but not later than the
10th dav of June. 1923: hat said or
d%inance provide for the Lowing and
Correcting of a special annual tax STUFF
icient to paw $40. 10000 of said bonds.
being the citv's portion of the cost of
said pavement and other things incl
dental therewith: 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
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 O before the June collection of
taxes. 1923: that said tax be known
as and called the Street Tax: that
all 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 money coming into
said fund Dv reason of sa'd tax and
the street assessments as hereinafter
provided. and that the n in said
fund be used for no other purpose.
but that after all bonds and interest
have been paid. all moneys then re-
manning in said fund shall be trans
ferred to the General Fund of said
| 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
vadd, 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 said cost shall ne eN-
| 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 lnstallments extending over a
period of ten years. together with in
terest on all unpaid instalments. at
the rate of 5 per cent per annum. in
terest payable ~semi-annually. and said
insta'lments- 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
stall1nent 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 honey 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 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.
That this RESOLUTION be spread
upon the minutes of this Board. and
be published in the Carson City News
and Tire 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. NORTON.
Clerk of the Board
Date Of first publication. May y.
1916.