Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1916-05-22

Z434 cents per square loot tor
pavino)
/. Paving and grading street
intersections. including
connecting drains and
basins .$o.245.55
?. Paving and grading in
front of County Bldg. 700.05
3 Paving and grading in
front of State Capitol..-.. BOAST
4. Paving and Grading in
front of U. S. Mint.-.~ 1889
5. Paving and grading in
front of U. S. Postoffice 1.320.27
E.. Paving and Grading in
front of private property l4,S99.76
Total $3.50
WHEREAS. 1t NAV become neces-
sary to make changes in cross cu'verts
and cover tops and to make other
changes which NAV become necessary
by reason OF said pavement. and to
incur other expenses accidental there
with. and further expense by reason
of the f~luctuation of the market prices
of the materials to be used. all of
which NAV necessitate the expenditure
of about $4,671 ~ over and above the
estimate above given. and
WHEREAS, Twenty-nine cents per
square foot ap~~ors to be a proven
maximum cost of so paving in front
of assessable property abutting on said
portion of sad street be assessed to
the owrer of said property ACCORDING
to the frontal feet thereof: that said
property owners have the optional
right to DIV said assessment in cash
within fifty lovs after completion of
said paving and acceptance BY the
- IL $4,000
ment in equal annual instruments ex-
tending over a period of ten wears, to-
gether with interest at the rate Of
five per cent Per annum on all I'M
paid Instruments. interest PAYABLE
times and in the manner as CITY to~ns
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 hen against the
property so assessed. and all money
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!OO0.W 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 yea until all bonds have been
paid, and in the aggregate of S55!OO.-
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 day of
June, 1923: THAT the said bonds shall
be signed by the Pree;l~~t 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 tn Clerk of Carson City.
and at the rate of at least thirty-hve !
or $3.5OO.OO per annum. from
the 10th day of June. 1918, until the
whole have been redeemed but not
later than the 10th day of June. 1923.
and that said Boand SHAH 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 an moneys
collected thereby shall be placed in a
fund to be created and called THE
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, Icing the cost of paving in
of the United States mint, the
United States postoffice. the State
Capitol. the County building and the
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
said sum will lhave to be rails
ed by said Carson City and applied to
the payment OF $20.1O O 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-
sary for this Board to levy and co.,
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
be- levied so that it will be col
|ected in the November collection of
taxes of 1917. and that said tax should
not later than the June col
'ection of taxes 1923: that the mon
,ys collected hereunder be placed in
special fund to be known as and
,aled the Street Sinking Fund: that
'aid bonds and interest be paid from
he moneys coming into said fund by
-eason of said special tax and said
street assessment as above mention
ID; that the moneys in said fund be
lsedi for no other purpose than the
purposes herein mentioned. and that
+ at the time all bonds and interest
lue thereon have been paid and a
remains in said fund, said sur
)luS shall be transferred TO the Gem