Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-05

connecting drains and
basins
?. Paving and grading in
front OF County Bldg. 7OO.O5
3 Paving and grading in
front of State C~apltOl--.- 3.O44.3/
4. Paving and grading III
front of L. S. Mint ,--..--- l.llS.8e
). Paving and grading in
front of U. S. Postoffice l,32O.Z
6. Paving and gradir~ i'll
front of private property l4,8o9.7o
Total $50, 32S.89
WHEREAS. 1t NAV become neces-
sary to make changes in cross CulNerts
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
of the h]uctuation of the market prices
Of the materials to be used. all of
which may neCessitate the expenditure
OF about 4,671.l1 over and above the
estimate above given, and
WHEREAS. Twenty-nine cents De1
square loot 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 saidl property according
to the frontal feet thereof: that said
property have 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 e
tending over a period OF ten years. to-
gcther with interest at the rate OF
five per cent per annuln on all un
paid installments. interest PAYABLE
sefni-annually to be collected at the
times and in the name as tlty taxes
for Carson City are collected the first
hall OF the first lnstallment. with III,
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 1923; thai
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 II
a special fund to- be knOwn as anC
called the Street Sinking Fund. and
WHEREAS, 1t will become neces
sary for said Carson City to- pledge it!
credit in the sum of $35.OOO.W for tn,
purpose of so having said portion O
Carson street. and it appearing ,Drope,
to issue bonds in the name OF Carson
City, Of $4,000 denomination each
bearing interest at the rate of five pc,
cent per annum. interest PAYABLE OF
the 10th day of June and December O
each year until all bonds have beer
paid and in the aggregate OF S3o,OOO.
90: that the Board of City Trustees
cause said bonds to be prepared il
bearer not later than the 10th dav o
June, 1923; that the said bonds shall
be signed by the President of sai(
Board and countersigned by Clerl
OF the Board, who shall attach there
to the official seal OF said city: tina
said bonds be redeemed only at thu
office OF the Clerk Of Carson City
and at the rate of at least %thirty-fv,
bonds or $3,5OO.O per annum. iron
the 10th day of June. 1918. until tn,
whole have been redeemed but no
later than the 10th day Of June. 1928
and that said Board shalI have th,
power to negotiate, the sale OF sale
bonds at the time and in the manner
as they may see fit, for not less thar
their par value. and all money!
collected thereby shall be placed in
fund to be created and called thk
Street Paving Fund, and that all mon.
evs coming into said fund shall be ap'
piled solely for the purposes above
mentioned. and
WHEREAS, $40 10000 of the cos
OF SO paving said portion of sale
strait ha11r fla cost ~ w r ~
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 NAV be necessarily
involved. will have to be paid Dy said
Carson City at large. or in other
words. said sum will IraNe to be rails
ed by said Carson CITY and applied to
the payment of $50. 100 Of said bonds,
together with interest at the rate OF
) per cent per annum OF all unpard
bonds. and therefore it will be neces-
sarv 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
should not exceed 80 cents on each
500 assessed valuation of all taxable
| property situated within the corpor-
ate limits of Carson CITY. Nevada:
that the first instal1ment of said tax
/ should be levied so that it will be COL
! 1ected in the November collection of
taxes Of 1917. and that said tax should
continue not later than the June col
lection of taxes 1923: that the mon
eys collected Hereunder be placed in
a specian fund to be known as and
called the Street Sinking Fund: that
said bonds and interest be paid from
the one coming into said fund by
/ reason of said special tax and said
street assessment as above mention
ed; that the money in said fund be
! used for no other purpose than the
purposes herein mentioned. and that