Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-06-13

due thereon have been paid and a
surplus remains in said fund. said sur
plus shall be transferred to the Gem
eral Fund of said city. and said Street
Sinking Fund shall then cease.
THEREFORE BE 1T RESOLV-
ED. That the City Trustees of Car
son City. Nevada. pass an ordinance
sum of $35.UUO.W for the purpose of
paving Carson Street of said Carson
City, from Washington Street OF the
north to Second street on the south.
with a fiveIinoh concrete base and an
inch and a half asphalt top in accord
anoe with the plans and specifications
on file in the office of the City Clerk
of said Carson City. but at a cost not
to exceed 20 cents per square foot.
and for the further purpose of doing
all things necessary Or incidental
%therewith; said bonds be issued in the
name of Carson City. and for one
hundred dollars ($lOO) denomination
each. bearing interest at the rate of
5 per cent per annu1n. interest pay
able 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
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 moneys
collected Hereunder be paid into a
fund f0 he craa fa1i ond co1a6 the
Street Paving Fund. and that all mon
eys coming into said fund be applied
solely for the urpos 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 $3.5OO.N per
| annum, from the 10th day of June.
| 1918, until ther whole thereof have
been redeemed, but not later than the
10th day of June. 1923: that said or
! dinance provide for the Lowing and
| hcient to pay $40. 10000 of said bonds.
| 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 "a 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 sasd tax and
the street assessments as hereinafter
provided. and that the n in said
fund be used for no other purpose.
hut that after all bonds and interest
have been paid. all one 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 abutting on that portion OF
vada. lying between Washington
olANN oA AN oAo oSNoAo SAS
on THE south. to pay for the COS of
paving to the center of said 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 eX-
| 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 s~emi-annually. and said
| installments and interest to be col
lected at the times and in the ann
as the city taxes of Carson City are
| collected, the first half Of the first in
| stallment and interest to be collected
| in the November collection of taxes.
| 1917. and the whole assessment. to-
gether with interest. to be paid BY or
before the June collection of taxes
1923; 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 h~ereinbefore provided be used
only for the purpose OF paving on
| tine bonded indebtedness of said Car
! som 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 pof the Board Of City Trus-
tees of Carson City. Nevada.
Attest. this I'D day of Nav. 1916.