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

d.. Paving and grading in
front of U. S. Mint --.-.-. 1889
5. Paving and grading in
front of U. S. Postoffice 1.32O.27
e.. Paving and gradir" in
front of private property 14.So9.Io
WHEREAS. 1t NAV become neces-
sary to make changes in cross culverts
and cover tops and to make other
changes which may become necessary
by reason of said pavement. and to
incur other expenses incidental there
with. and further expense by reason
of the ~huctuation of the market prices
of the materials to be used. alb of
which may necessitate the expenditure
of about 4,671.11 over and above the
estimate above given. and
WHEREAS. Iwenty-nlne cents per
square foot 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 said property according
to the frontal feet thereof; that said
property owners 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 installments ex-
tending over a period Of ten years, to-
gether with interest at the rate OF
tive per cent Per annum on all I'M
paid installments. interest PAYABLE
semi annually. to be collected at the
times and in the manner as city taxes
for Carson City are collected the first
half of the first installment. with in
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 1928; that
said assessment together with interest
thereon become a. lien against the
property so assessed. and all
collected by reason of said assessment
and interest due thereon. be placed in
a special fund to- be known as and
called the Street Sinking Fund. and
WHEREAS, 1t will become neces-
sary for said Carson City to- pledge its
credit in the sum of 3 100000 for the
purpose of SO paving said portion OF
Carson street, and it appearing proper
! to issue bonds in the name OF Carson
City, of $4,000 denomination each.
bearing interest at the rate of five per
cent per annum. interest PAYABLE on
the 10th day of June and December Of
each year until all bonds have been
paid and in the aggregate Of S35,OOO.-
GO; that the Board of City Trustees
cause said bonds to be prepared in
proper form and be made PAYABLE to
bearer not later than the 10th day OF
June, 1923; that the said bonds shall
be signed by the President OF said
Board and countersigned by Clerk
of the Board. who shall attach there
to the official seal of said city: that
said bonds be redeemed only at the
office of the Clerk of Carson City.
and at the rate of at least %thirty-hve
bonds or $3,5OO.W per annum. from
the 10th day of June, 1918. until the
whole have been redeemed but not
later than the 10th day of June. 1928.
and that said Board shalt have the
power to negotiate the sale Of said
bonds at the time and in the manner
as they may see fit. for not less than
their par value, and all one
collected thereby shall be placed in a
fund to be created and called tine
Street Paving Fund, and that all mon
eys coming into said fund shall be ap-
piled solely for the purposes above
mentioned. and
WHEREAS, $40 10000 of the cost
of so paving said portion of said
street, being the cost of paving in
front of the United States mint. the
United States postoffice. the State
Capitol, the County building and the
portion of Carson street. and other
expenses which may be necessarily
involved. will have to be paid by sand
Carson City at large. or in other
words, said sum will 'have to be rails
ed by said Carson City and applied to
the payment of $40. 100 of said bonds.
together with interest at the rate OF
5 per cent per annum on all unpaud
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 installment Of said tax
should be levied so that it will be col
lected 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 special fund to be known as and
called the Street Sinking Fund: that
said bonds and interest be paid from
the n 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
herein mentioned. and that
if at the time all bonds and interest !