Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-31

Que thereon lave OSCif pdlu dlu d
surplus remains in said fund. said sur
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 $35,OU.W for the purpose OF
paving Carson Street of said Carson
City, from Washington Street on the
north to Second street on the south,
with a hve-lnch concrete base and an
inch and a half asphalt top IN accord
anoe with the plans and specifications
on hle in the office of the City Clerk
OF said Carson City. but at a cost not
to exceed % cents per square foot.
and for the further purpose OF doing
all things necessary or incidental
Herewith; said bonds be issued in the
name of Carson City, and for one
thundred dollars. ($l00) denomination
each. bearing interest at the rate of
) per cent per annum. interest pay
abe semi-annuallv; that the Board OF
City Trustees cause said bonds to be
prepared in proper form. PAYABLE to
bearer at such times as ma 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
power to negotiate the sale OF said
bonds at the time and in the manner
than their par value; that the moneys
co iccted Hereunder be paid into a
fund to be created and called the
Street Paving Fund. and that all mon
cys coming into said fund be applied
solely for Tire purpose OF so paving
said portion of said Carson Street and
those things necessary or in
Cidcntal herewith; that said bonds
be redeemed only at the office OF the
Clerk OF Carson CITY, and at the rate !
OF thirty-6vc ponds or S3.5OO.m per
from the 10th dav Of June, !
1918. untl tlp2 Whole thereof have
been redeemed. but not Later than the
10Th dav OF Jrnc. 1923: that sad or
diranrc provide for the l|evving and
OF a special annual tax sui
iricnt to paw $50, 10000 Of said bonds.
being the citv's portion OF tine cost Of
said pavement and other things Incl
1ent0l Herewith: that said annual tax
shall ut exceed so cents CT each N
hundred doTars (S1O0 assessed valu-
alton Of al taxable property situated
the corporate limits OF Carson
City. Nevada; tat the first INSTALL
nent Of said tax be levied so that the
first half thereof will be collected at
the November COlh ction OF taxes.
1917; that said tax terminate and end
bv or before the june collection OF
taxes. 1923: that said tax be known
and called the Street Tax that
all vs. collected Hereunder be
in a special fund to be known
rs and called the Street Sinking Fund;
hat said bonds and interest thereon
oc paid from the moneys coming into
said fund bv reason OF sa.d tax and
the sire t assessments as Hereinafter
provided, and that the honey in said
be used for no other purpose.
nut that after al bonds and interest
rave been paid. all II then re-
naming in said fund shall be rams
erred TO the General Fund of said
'itv. and said special Street Fund shall
ease.
BE IT FURTHER RESOLVED,
That this Board pass an ordinance re-
all owners of assessable real
property abutting on that portion OF
Carson Street OF CARSON City, Ne
yada, lying between WASHINGTON
Street on the north and Second Street
on tire south. to pay for the cost of
paving t. the center OF sand abuttino
said property according to
the plans and specifications on file in
City Clerks office of said Carson
City. according to the frontal feet
thereof; that said cost shall not eN-l
.a,I % .A,,- ,,,, I,,1- f>~+. {1 ~, I
SAID property Wner shall have the !
in cash within fifty DAYS after
the completion OF said pavement and |
acceptance by Tie city, or the right |
to paw said assessment in equal an
nua' installments extending Over a |
period of ten years. together with in
on all unpaid instal,mentS, at
the rate OF ; per tcnt per annum. in F..
terest PAYABLE semi-annually. and said |
'lmcnts and interest to be col |
at the times and in the manner
as the city taxes OF Carson City are
cOl'ccted. the first half of the first in
and interest to be collected
in the November collection of taxes.
1017. and the whole assessment. to-
Ietlpyr with interest, to be paid by or
before the June collection OF taxes
1929: that said assessment. together
with interest thereon, shall become a
lion against the property SO assessed.
and that all mOneV collected by reaS-
on OF said assessment. and interest
due thereon. be placed in the Street
Sinking Fund. to be CT Gated. ard all
moneys so placed in said fund by reas-
on Of said assessment and the special
tax as ~hercinbcfore provided be used