Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-19

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 $35.OU.W for the purpose of
paving Carson Street of said Carson
City, from Washington Street on the
north to Second street on the south.
with a hve-inoh concrete base and an
inch and a half asphalt top in accord
anoe with the plans and specifications
on file in the office of the City Clerk
of said Carson City. but at a cost not
to exceed 29 cents per square foot.
and for the further purpose of doing
all things necessary or incidental
Herewith; said bonds be issued in the
name of Carson City. and for one
hundred dollars ($lOO) denomination
each. bearing interest at the rate of
5 per cen per annum, interest pay
able semi-annually: that the Board of
City Trustees cause said bonds to be
prepared in proper form. PAYABLE 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
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 one
collected Hereunder be paid into a
fund to be created and called the
Street Paving Fund. and that all mon
| 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-fve bonds or $3.5OO.0O 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. 1928; that said or
| dinance provide for the Lowing and
| collecting of a special annual tax SUIT
| 6cient to pay $40. 10000 of said bonds.
| said pavement and other things incl
! dental therewith; that said annual tax
| shall not exceed 80 cents on each one
hundred dollars ($1OO) 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 OF 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
] that said bonds and interest thereon
| be paid from the coming into
| Said fund DIV reason of said tax and
| the street assessments as hereinafter
| provided, and that the moneys in said
| fund be used for no other purpose.
| but that after all bonds and interest
have been paid, all n 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 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 a for the cost of
paving to the center of said abutting
their said property according to
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 ex-
coed 20 cents per squar foot: that
said 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 right
to pay said assessment in equal an
| mail IN cfo lin anfc ayferHInT nvar a
| period Of ten years. together with in
terest on all unpaid installments. at
| the rate of 5 per cent per mum in
terest payable semi-amually. 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-
getfer with interest. to be paid by or
before the June collection of taxes
1923; that said assessment. together
lien against the property SO assessed.
and hat all moneys 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 of paving oft
tine 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
and the Carson City Daily Appeal for
the f,,11 DeriOd of fO,r weeks
Approved this I'D of May. 1916.
ALEXANDER MACDONALD.
President of the Board of City Trus-
tees of Carson City. Nevada.
Attest. this I'D day of Nav. 1916.
DANIEL F. MORTON.
Clerk of the Board
Date of first publication. May y.
1916.
Date of last publication. Iune 10.