Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-07

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plus shall be transferred to the Gen
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 $35,OU.W for the p Of
paving Carson Street of said Carson
City, from Washington Street on the
north to Second street on the south.
with a fiveJinch concrete base and an
inch and a half asphalt top in accord
anoe with the plans and specifications
on file in the office Of the City Clerk
of said Carson City. but at a cost moi
to exceed % cents per square foot.
and for the further purpose of doing
all things necessary or incidental
Herewith; said bonds be issued in the
name of Carson City. and for one
hundred dollars ($lOO) denomination
each. bearing interest at the rate OF
) Def cent per annurn, interest pay.
able sem~i-annually; that the Board OF
City Trustees cause said n to De
prepared in rop form. payaDle to
| bearer at such times as may be deem
ed proper by said Board. but not later
, than the 10th day of June. 1923; that
| said bonds be signed by the President
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
| owe to negotiate the sale of said
| bonds at the time and in the manner
| they may deem fit. but for not less
| collected hereunder be paid into a
fund to be created and called the
| Street Paving Fund. and that all non
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 therewith; that said bonds
be redeemed only at the office of the
Clerk of Carson City, and at the rate
of thirty-hve ponds or $3.5OO.U per
annrm, from the 10th day OF June.
1918, until the whole thereof have
been redeemed. but not Later than the
10th day of June. 1923: that said or
dinance provide for the 1evving and
collecting of a special annual tax SUIT
hcient to pay $40, 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
hundred dollars $1,000 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 or before the June collection of
taxes, 1923; that said tax be known
as and called the Street Tax: that
all moneys 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 moneys 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
hut that after all bonds and interest
have been paid. all moneys then re-
naming in said fund shall be trans
ferred to the Genera Fund of said
city, and said special Street Fund shall
cease.
BE 1T 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, lying between Washington
Street on the north and Second Street
on the south. to pay for the cost OF
paving to the center OF said abutting
LIN Soiu AOpNib ~
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 not en-
coed Z9 cents per square loot: that
aid 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 light
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 S per cent per annum. in
terest payable semi-annually. and said
installments 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
stallment and interest to be collected
in the November collection of taxes.
1917. and the whole assessment. to-
gether with interest. to be paid by or
before the June collection of taxes
1923: that sald assessment. together
with interest thereon. shall become a
lien against the property SO assessed.
and that all one 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 on
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
I and the Carson City Daily Appeal for
| the full period of four weeks.
Approved this I'D OF MAY. 1916.
ALEXANDER MACDONALD.
President od the Board of City Trus-
tees of Carson City. Nevada.
Attest, this 22d day Of Nav. 1916.
DANIEL F. MORTON.
Clerk Of the Board
Date of first publication. Nav p.