Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-01

o.. IaVlnI ana a III
front Of private property l4,S99.1t
Olil P'O,p-C'c)
WHEREAS. It NAV become neces-
sary to make changes in cross culverts
and cover tops and to make other
changes which NAV become necessary
by reason Of said pavement, and to
incur other expenses incidental there
with, and further expense by reason
Of the t~uctuat,cu @. the market prices
OF the materials t be used, alb OF
which may nrcess,tate the expenditure
OF about $4,OIl.ll Ner and above the
estimate above given, and
WHEREAS. Twenty-ninc cents ncr
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 asscssablc property abutting on said
rurtion of said street be assessed to
the owner Of said property according
to the frontal rect thereof: that said
property owners have the optional
right to pay said assessment IN. cash
within fifty days after complexion OF
said paving and acceptance by the
city or the right to pay sad assess
mcnt in equal annual instruments eN-
tending over a period OF ten wears, to-
gethcr with interest at the rate OF
five per CEN per annum on all un-
paid i~nstal'merts. interest PAYABLE
se.nt-annually to be collected at the
times and in the manner as city taxes
for Carson City are collected the tlrSt
half oil the first installmcnt, with in
tcrest tien due. tN 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 1923; that
said assessment together with interest
thereon become a hen against the
property so assessed. and all moneys
collected by reason o. said assessment
and interest due thereon. be placed i'll
a special fund to- be known as and
ca,led the Street Sinking Fund, and
WHEREAS. 1t will become neCes-
sary for said Carson City to pledge its
credit in the sum OF S35 100000 for the
purpose Of so paving said portion OF
Carson street, and it appearing proper
to issue bonds in the name on Carson
City. OF $4,000 denomination each.
bearing interest at the rate OF five per
cent p>r annun, interest PAYABLE on
the 10th day Of June and December OF
tdCl year ulllll an DplluS nav 'NNI
paid and in TIE aggregate OF SSo,UOU.-
90; 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 dav OF
June. 1923; THAT the said bonds shall
be signed by the President OF said
Board and countersigned bv 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 tho Clerk Of Carson CITY.
and at the rate OF at least thirty-tive
bonds or $4,000 per annum. from
the 10th day of June, 1913, until the
whole have been redeemed but not
later than the 10th day of June. 1873.
and that said Board shall have the
power to negotiate the sale of said
bonds at the time and in the name
as they may see fit, for lot less than
their par value. and an moneys
collected thereby shall be placed in a
fund to be created and called THE
Street Paving Fund. and that all mon
cys coming into said fund shall be ap-
piled solely for the purposes above
mentioned. and
WHEREAS. $50 10000 of the cost
Of so paving said portion OF said
street. Being the cost of paving i'll
front OF the United States mint. the
United States postotfice. the State
Capitol. the County building and the
intersections of cross streets with said
portion OF Carson street, and other
expenses which may be necessarily
involved. will have to be paid Dv Sand
Carson City at large. or in other
words. said sum wi. have to be rails
ed by said Carson CITY and applied to
the payment of $50, 100 OF said bonds.
together with interest at the rate oil
) per cent per mum on all unpa1d
bonds. and therefore it will be neccs-
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 tan
should not exceed 30 cents OF each
500 assessed valuation OF all taxable
property situated within the corpor.
ate limits OF Carson CITY. Nevada
that tire first instrument OF said ta>
should be levied so that it will be col
lccted in the November collection o
taxes OF 1917. and that said tax shoult
continue not later than the June col
lection Of taxes 1923; that the mon
cys collected Hereunder be placed II
a s%pecian fund to be known as anC
caled the Street Sinking Fund: tina
said bonds and interest be paid from
the moneys coming into said fund -
reason OF said special tax and saiC
street assessment as abo"" mention
ed; that the moneys in said fund b.
used for no other purpose than tn
purposes herein mentioned, and tina
il at the time all bonds and interes