Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-27
RESOLUTION

~ IlolII N"ho l. loAH oi Yin 1
north to Second street on the south. |
being a distance of about one thous- |
and eight hundred and eighty-three
feet, and
WHEREAS. The actual estimate Of
so grading and paving said portion OF
said street is as follows:
Biased upon the estimate of ZH
cents Ger square foot for grading.
and 244 cents per square loot tor
pavin")
l.. Paving and grading street
intersections. including
connecting drains and
2. Paving and grading in -
front of County Bldg-.-- 7OO.O5
3 Paving and grading in
front Of State CAPITOL. 3,O44.37
4. Paving and grading in
front of [. S. Mint ,.-.,... l,l1S.Se
5. Paving and grading in
front Of u. S. Postoffice 1.32O.27
g.. Paving and gradir~ in
front of private property l4,So9.76
WHEREAS. 1t 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 eNpense by reason
If the tiuctuation Of the market prices
Of the materials to be used. ALL oh
which NAV necessitate the expenditure
OF about S4,67l.ll over and above the
estimate above given. and
WHEREAS. Twenty-nine cents De-
square foot appears to be a proper
=, g., . -, go, >o-+ f~- &L, -a.1
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 instruments eN-
tending over a period of ten wears. to-
gether with interest at the rate OF
five per cent Per nnul on all I'M
paid installments. interest PAYABLE
seni-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 1923; that
sand assessment together with interest
thereon become a. lien against the
property so assessed. and all moneys
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 S35,O0O.W for the
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 yea until all bonds have been
paid ard in the aggregate OF S55.OO0.-
90: that the Board of City Trustees
cause said bonds to be prepared in
proper iorm 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 tho Clerk of Carson City.
and at the rate of at least thirty-five
the 10th day of June. 1918. until the
whole have been redeemed but not
later than the 10th day of June. 1928.
and hat said Boand shall have the
power to negotiate. the sale Of said
bonds at the time and in the manner
as they may see ht, for not less than
their par value, and al moneys
collected thereby shall be placed in a
fund to be created and called the
Street Paving Fund. and that all
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
intersections of cross streets with said
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 t1ave 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 OF
5 per cent per annum on all unpaid
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
ShO,11d he, levied 50 that # will be COL