Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-25

Grad Fund of said city. and said Street
Sinking Fund shall then cease.
THEREFORE BE IT RESOLV-
ED. That the City Trustees of Car
son City. Nevada, pass IN ordinance
creating a bonded indebtedness in the
sum of $35,UOO.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 five incl 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 % 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 ($1OO) denomination
each. bearing interest at the rate of
) per cent per annum, interest pay
| abe semi-annually; that the Board of
City Trustees cause said bonds to be
| prepared in proper form. PAYABLE to
/ bearer at such times as NAV be Deem
| cd 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 cOuntersfgned 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 moneys
| 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
If thirty-fve bonds or S 3.5OO.O per
annum from the 10th day of June.
1918. until the whole thereof have
been redeemed. but no later than the
10th dav of June. 1923: that said or
dinance provide for the Lowing and
collecting of a special annual tax suf-
being the citv's portion of the cost of
said pavement and other things Incl
dental Herewith: 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 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 and called the Street Sinking Fund:
that said bonds and interest thereon
be paid from the coming into
said fund Dv reason OF SAID tax and
the street assessments as hereinafter
(Drovided, and that the moneys in said
fund be used for no other purpose.
but that after all bonds and interest
nave been paid. all moneys then re-
manning 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 paw for the cost OF
paving to the center of said abutting
their said property according to
the plans and specifications on file i'll
the City Clerks office of said Carson
City. according to the frontal feet
thereof; that said cost shall not eN-
coed % cents per square 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
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
insta'lments 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
stal1ment and interest to be collected
in the November collection Of taxes.
1917. and the whole assessment. to-
gettDer with interest, to be paid bv or
before the June collection of taxes
1913; that said assessment. together
with interest thereon. shall become a
lien against the property so assessed.
and that 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 off
the 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 full period of four weeks.
Approved this I'D of Nav. 1916.
ALEXANDER MACDONALD.
President ,of the Board of CITY Trus-
tees of Carson City. Nevada.
Attest, this 22d dav of Nav. 1916.
DANIEL f. MORTON.
Clerk of the Board.
Date Of first publication. MAY y.