Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-16

due thereon have been paid and a
surplus remains in said fund. said sur
plus shall be transferred t o the Cen
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 $35.OOO.W for the purpose of
City, from Washington Street on the
north to Second street On the south.
with a fvelinoh concrete base and an
inch and a half asphalt top in accord
anoe with the plans and specifications
on file in the office Of the City Clerk
of said Carson City. but at a cost not
to exceed 20 cents per square foot.
and for the further purpose of doing
all things necessary DR. incidental
Herewith; said bonds be issued in the
name of Carson City. and for one
hundred dollars ($lOO) denomination
each, bearing interest at the rate of
5 per cent per annum. interest pay
able semi-annually; that the Board OF
City Trustees cause said bonds to De
prepared in proper form. ayaDie to
bearer al such times as NAV 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 tine, 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 money
Collected Hereunder be paid into a
f,,, - ho c-oo{amdL ord ca11od fha
Street Paving Fund. and that all mon
eys coming into said fund be applied
solely for the p of SO paving
said portion of said Carson Street and
doing those things necessary or in
cidental Herewith: that said bonds
be redeemed only at the office Of the
Clerk of Carson City. and at the rate
of %thirty-hve bonds or $3.5OO.W per
annrm, from the 10th day of June.
1918, until the whole thereof have
been redeemed. but no later than the
10th day of June. 1923: that said or
dinance provide for the levying and
collecting of a special annual tax SUIT
hcient to pay $40. 10000 of said bonds:
being the city's portion of the cost OF
said pavement and other things incl
dental therewith: that said annual tax
shall not exceed 80 cents on each n
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 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 arnd called the Street Sinking Fund.-
] hat said bonds and interest thereon
| be paid from the one coming into
| said fund pv reason of said tax and
| the street assessments as ,hereinafter
provided. and that the money in said
fund be used for no other purpose.
| but that after all bonds and interest
have been paid, all moneys 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 AUDITING on that portion of
Carson Street of Carson City. Ne
| vada. lying between Washington
| / i'll Tx llOI LII dllu SCSOIlu
| on the south. to pay 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 % cents per square loot: 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. OF the right
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 5 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 axes.
1917. and the whole assessment. to-
gether with interest. to be paid by or
before the June collection Of taxes
1923; that said assessment. together
with interest thereon. shall become a
lien against the property so assessed.
and that all moneys collected by reas-
or 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 OFT
tine bonded indebtedness of said Car
SON CITY as above provided. and
BE 1T 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 full period of four 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.