Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-26

front OF State Cap1tOl-.--- o.O44.o/
a.. Paving ard grading in
front Of L. s. Mint ,---,.. 1889
5. Paving and grading in
front of u. S. Postoffice l.32O.27
6. Paving and gradin~ in
front of private property l4,Soo.Io
Total S3O,32Sy89
WHEREAS. 1t NAV become neces-
sary to make changes in cross culverts
and over tops and to make other
changes which nav become necessary
by reason of said pavement. and to
incur other expenses incidental there
with, and further expense by reason
Ct the HuCtuatlOn of the market prices
Of the materials to be used. all OF
which may neCessitate the expenditure
Of about $4,67l.ll owe and above the
estimate above given, and
WHEREAS, Twenty-nine cents De-
square foot appears to be a proper
maximum cost for the said pavement.
and
WHEREAS, 1t appearing proper
that the cost OF so paving in front
OF assessable property abutting on said
portion OF said street be assessed to
the owner OF said property according
to the frontal feet thereof: that said
property wne nave the optional
right to pay said assessment in cash
within fifty days after completion OF
said paving and acceptance by the
city or the right to pay said assess
ment in equal annual instruments ex-
tending over a period Of ten years. to-
gether with interest at the rate OF
i've per cent Per annum on all I'M
paid Instruments. interest PAYABLE
senni 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
terest then due. to- be collected in the
November collection of taxes. 1917.
with interest to be paid by or before
the June collection of taxes 1923: that
said assessment together with interest
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
called the Street Sinking Fund. and
WHEREAS, 1t will become neces-
sarv for said Carson City to pledge, its
credit in the sum of $35,0OO.OO 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 ait the rate Of five per
cent per annun1. interest PAYABLE on
the 10th day Of June and December Of
each year until all bonds have been
paid ard in the aggregate OF S35,OOO.-
co: that the Board of City Trustees
cause said bonds to be prepared in
proper form and be made PAYABLE to
haarar NOT 1ota- +ho,, tho 10tb dow of
June. 1923; that the said bonds shall
be signed by the President Of said
Board and countersigned bv Clerk
of the Board, who shall attach there
to 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 $3.5OO.OO per annum. from
the 10th day of June, 1918, until the
whole have been redeemed but no
later than the 10th dav Of June. 1923,
and that said Boand shalt have the
power TO negotiate the sale of said
bonds at the time and in the manner
as they may see fit, for not less than
their par value. and al money
collected thereby shall be placed in a
fund to be created and called THE
Street Paving Fund. and that all mon
eyS coming INTO Sald luna snail De 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 postoffice. 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 Dy sand
Carson City at large. or in other
words. said sum will ihave 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 unpaid
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 taxi
should not exceed 80 cents on each
500 assessed valuation Of all taxable
property situated within the corpor-
ate limits of Carson CITY. Nevada;