Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-09

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,OUO.OO 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 fve-inor 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 urpos of doing
all things necessary or incidental
therewith; said bonds be issued in the
| name of Carson City. and for one
hundred dollars ($1OO) denomination
each. bearing interest at the rate of
| ) per cent per annuln. interest pay
able semi-annually; that the Board of
City Trustees cause said bonds to be
prepared in proper form. PAYABLE to
ed proper by said Board. but. not later
; than the 10th day of June. 1923; that
said bonds be signed by the President
OF the Board and countersigned by
the Clerk of the Board who shall at
tach Thereto the official seal of said
city; that the said Board shall have
power to negotiate the sale of said
bonds at the time and in the manner
they may deem fit. but for not less
than their par value; that the n
! collected hereunder be paid into a
fund to be created and called the
Street Paving Fund. and that all mon
| eys coming into said fund be applied
solely for the purpose of so paving
| said portion of said Carson Street and
doing those things necessary or in
| cidental Herewith: that said bonds
be redeemed only at the office Of the
| Clerk of Carson City. and at the rate
of thirty-hve bonds or S3,5OO.W per
annum, from the 10th day of June,
1918, until the, whole thereof have
been redeemed. but not Later than the
10th day of June. 1923: hat said or
dinance provide for the l%evving and
collecting Of a special annual tax SUIT
icient to pay SIC, 10000 of said bonds.
| said pavement and other things incl
dental Herewith; that said annual tax
shall not exceed 80 cents on each one
hundred dollars ($lOO) assessed valu-
alton of all taxable property situated
I 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 amid called the Street Sinking Fund:
| that said bonds and interest thereon
| be paid from the moneys coming into
said fund Dv reason of sa,d tax and
| the street assessments as hereinafter
| provided. and that the moneys in said
| fun be used for no other urpOse
| hut 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 abuttlng 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 pay for the cost of
| paving to the center of sald 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 eN-
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. or the right
to pay said assessment in equal an
nual lnstallments extending over a
| period Of ten years, together with in
terest on all unpaid installments. at
I the rate OF } per cent per annum. IN
| terest payable seml-annually. and said
i~nstallments and interest to be col
lected at the times and in the manner
as the city taxes of Carson City are
collected. the first haTf of the first in
stallment and interest to be collected
in the November collection Of axes.
1917. and the whole assessment. to-
gethDer with interest, to be paid Dy or
before the June collection of taxes
1923; that said assessment. together
with interest thereon, shall become a
llen against the property SO assessed.
and that all n 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 purpose 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 full period of four weeks.
Approved this I'D OF May. 1916.
ALEXANDER MACDONALD.
President oi the Board of CITY Trus-
tees of Carson City. Nevada.
DANIEL E. MORTON.
Clerk of the Board.
Date OF first publication. Nav y.
1916.