Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-01

CredtllS d DOlueu lIiQeDleQ1lCSS Ill Tic
sum of SIS, 100000 for the purpose Of
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 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
Herewith; said bonds be issued in the
name of Carson City, and for one
Hundred dollars (SlOO) denomination
each. bearing interest at the rate OF
) per cent per annum, interest pay
able scmi-annuallv: 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 bv said Board. but not later
than the 10th day OF June, 1923; that
said bonds be signed by the President
of the Board and cOuntersGgned by
the Clerk OF the Board who shall at
tach thereto the official seal of sand
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
cvs coming into said fund be applied
sulclv for tire purpose of so paving
said portion OF snid Carson Street and
doing those things necessary or in
cidentaI Herewith: that said bonds
be redeemed only at the office of the
Clerk of Carson CITY. and at the rate
OF th~irty-ive ponds or $4,000 per
annrm from the 10th dav Of Tune.
1918. until the whole thereof have
been redeemed. but not later than tie
1@th dav OF June. 1923; that sad or
dinanre provide for the 1evving and
collecting of a special annual tax sui
fcient to paw 100000 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 so cents on each one
hundred dollars $1,000 assessed valu-
alton Of al taxable property situated
within the corporate limits of Carson
City. Nevada; fiat the first Install
mcnt Of said tax be levied so that the
first half thereof will be Collected at
the November colt ction of taxes.
1917: that said tax terminate and end
bv or before the June CORRECTION Of
taxes, 1923: that SAID tax be known
as and called the Street Tan: that
ali moneys collected Hereunder be
paced in A soecia1 fund to be known
rs annb called the Street Sinking Fund;
that said bonds and interest thereon
be paid from the II coming into
said fund Nv reason oil SAID tax and
the sire assessments as hereinafter
provided. and that the one in said
fund be used for no other purpose.
hut that after al bonds and interest
have be. 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 IT FURTHER RESOLVED.
Than this Board pass an ordinance re
curing all owners OF assessable real
proDertv abuttinp on that norton OF
Carson Street of Carson CITY. Ne
vada lvino between WASHINGTON
Street on The north and Second Stree,
on tthe south, to nav for the cost of
navinG TO the center OF sand, abuttino
their said according TO
he mans and Specifications on file in
he CIV Clerks Office OF said Carson
or. arcord;nr IA +he frontal feet
thereof. hat Grid cost shall NOT eS-
rned 20 cents ner sn1are foot. that
said nropertv owner shall have the
optional rioht TO nav said assess
nnnt IN rach within 6ftv davs after
the romplet;on Of said pavement and
accordance by fine civ or the ripht
to nav said assessment in eo,a1 an
mai insta1lments extending over a
nSr;od Of ten vcars togethnr with in.
- 49, y >'''' - 80