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

and Z434 cents per square loot Tor
pavino)
|. Paving and grading street
intersections. including
connecting drains and
basins 50. PASS
?. Paving and grading in
front OF County R1dg-..- 7O.O5
3 Paving and grading in
front Of State Capitol,-.... 3.O44.I
4. Paving and Grading in
front of L. S. Mint-.-- 1889
;. Paving and grading in
front Of U. S. Postoffice 1.32O.27
s. Paving and Grading in
front of private property l4,S9o.76
~ota1 $50. 1880
WHEREAS. 1t NAV become neces-
sarv to make changes in o cu'verts
and cover tops and to make other
changes which NAV become necessary
by reason of said pavement. and to
ircur other expenses :,cidental there
with. and further expense by reason
OF the fluc+uation OF the market prices
% the materials to be used. all of
which NAV necessitate the expenditure
of about $4.67l - over and above the
estimate above given, and
WHEREAS. Twentv-nine cents pei
square cot D 0fS TO De a OrOneT
m2xim,yn cost of so paving in front
OF assessahle property abutting on said
portion o. sad str ct be assessed to
tie owner Of said property according
10 the frontal feet thereof: that said
property owners have the optional
right to ~" said assessment in cash
within fifty lays after completion OF
said paving and. acceptance by the
CITY or the RIGHT to nv aid assess
| ment in equal annual installments eX-
tending over a period OF ten ear to-
oether with interest at the rate OF
tive per cent Per mum on all I'M
pad installmentS. interest PAYABLE
se&n;-annually to be collected at the
times and in the as city t"""s
for Carson City are collected the first
half Of the first installment. with i'll
terest then due. to- be Collected in the
November collection Of taxes, 1917.
and the whole assessment together
with interest to be paid by or before
the June collection OF taxes 1873; that
said assessment together with interest
i thereon become a lien against the
property so assessed. and all moneys
collected by reason OF said assessment
and interest due thereon. be placed in
a special fund to- be known as and
NdMtu llt ollCtt clliklllS L ulEu, dllu
WHEREAS. 1t will become neces-
sary for said Carson City to pledge its
credit in the sum of S55.OOO.m for the
purpose 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
ent per nnun1, interest PAYABLE on
the 10th day Of June and December OF
each year until all bonds have been
paid, and in the aggregate of S35.O0O.-
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 dav OF
June. 1923; that the said bonds shall
be signed by the Pree;d"-t OF said
Board and countersiened by Clerk
of the Board. who shall attach there
t the official seal of said city: that
said bonds be redeemed only at the
office of tho Clerk of Carson CITY,
and at the rate of at least thirty-hve
bonds or $3,50O.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.
| power to negotiate. the sale of said
bolldS at IIS III dild III IN
| as they may see fit, for o. less than
their par value, and all moneys
collected thereby shall be placed in a
fund to be created and called the
Street Paving Fund. and that all O
evs 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 poStOfflce. the, State
Capitol. the County building and the
intersections of cross streets with said
portion of Carson street. n other
expenses which LAY be necessarily
involved. will have to be paid by sand
Carson City at large. or in other
words. said sum will tlave to be rails
ed by said Carson City and applied to
the payment of $40. 100 of said bonds,
together with interest at the rate OF
) per cent per annum on all unpard
bonds. and therefore it will be neces-
sary for this Board to levy and COL
lect annually a special tax sufficient
to pay said bonds as they become due.
together with interest due thereon.
and it appearing proper that said tax
Sllolllu llol SNotCd W III oh >"Ni
500 assessed valuation of all taxable
property situated within the corpor-'
ate limits of Carson CITY. Nevada:
that the first installment of said tax
should be levied so that it will be col
lected in the November collection of
taxes of 1917. and that said tax should
continue not later than the June col
ection of taxes 1923: that the mon
eys collected hereunder be placed in
a special fund to be known as and
called the Street Sinking Fund: that
said bonds and interest be paid from
the moneys coming into said fund by
reason of said special tax and said
street assessment as above mention
ed; that the moneys in said fund be
used for no other purpose than the
herein mentioned. and that
if at the time all bonds and interest
due thereon have been paid and a
s%,,ro1us remainS in said fund. said sur-