French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1919-01-23
NOTICE OF ELECTION
AND BOND ISSUE.


of a Public Park for the City of Hen
Jacksonville, to accommodate the resi-
dents as we'll as the tourists and WISH
who come to us by the thousands every
every year for rest ana recreation, and
whereas, the city now owns no prop
erty suitable for such purpose, and
whereas, the present owners of the
property on North Main street known
as the Noterman property, containing
about six and one quarter acres, are
willing to convey this property to the
city for said purpose at a price which
the Commissioners feel should be SUBJ
mitted to the voters for their approx
al or rejection, The price being much,
less than the owners would be willing
to accept for the property for any
other purpose;
. Now, therefore, be it resolved by the
Board Of Commissioners of the City
OF HendersOnville
Sec. That for the purpose of pro-
viding money with which to purchase
said property fOr the purpose SET
forth above, that negotiable coupon
bonds of the City of Hendersonville be
issued in the sum of not to exceed
the principal amount of $23, 100000 said
bonds to bear interest not to exceed
six per centum per annum and shall
mature within a maximum period OF
Thirty years, being the shortest pc
riOd in which the debt to be evil
denced by said bonds can be finally
paid without making it unduly bur-
densOme upon the tax payers of the
Both principal and in
terest on said bonds to be payable at
some bank in the City of New York,
n. Y, to be determined by the Govern
ing body of said City of Henderson
Vile and to be in such form as the
Governing body, by resolution, may
determine.
Sec. 2. That said bonds are to be
ssued entirely for the purpose of pur-
chasing the property above referred |
@, to be used and controlled by the
City of HendersonvilIe as a public |
park and for such other purposes as,
~ proper authority, from time to time, |
nay be determined, and shall mature |
within Thirty years, the shortest Pc
'iod in which the debt evidenced by |
said bonds can be finally paid with |
,ut making it unduly burdensome
Upon the tax payers of the munich |
,ality.
Sec. 3. That each year while any
If said bonds shall be outstanding q !
ak shall be levied and collected in |
with the law sufficient to
pay the principal and interest of said |
ponds as the same shall fall due and
payable. J
Sec. 4. That tement of the debt !
If the City of Il Jacksonville has been
lied with the ERIK, pursuant to The
Municipal Fira--e Act of 1917, and is |
open to publi~ .1spection.
Sec. 5. That the assessed valuation |
If the property subject to taxation by !
he City of Hendersonville for the |
years 1916, 1917, and 1918, was for the |
years $1,924,292-$1,977,8 1865
2,O00,120, and that the average as
sessed valuation of the property sub |
Jet to taxation by the City Of Hen
Jacksonville for the three fiscal years
in which taxes were last levied, being
the years 1916, 1917, 1918, as shown
by said statement referred to in the
section is $1,967,426
Sec 6. That the amount of the nec
debt of the municipality outstanding,
and to be authorized, as
shown by said statement is, $780,
S77.25.
Sec. 7. That this ordinance shall
take effect upon its ratification by the
qualified voters of the City of Hen
dersonville at an election to be called
and held as provided in the following
section.
Sec. s. That an election is hereby
called to be held at the usual polling
place at the City Hall in the City of
n. c., on the 18th
day of February, 1919, at which time
and place the foregoing ordinance
shall be submitted to the qualified vo-
ters of said city for their approval or
rejection as by law provided.
1 propose the adoption of the fore
going resolution, this the 7th day of
January, 1919.
K G. MORRIS,
Commissioner.
Approved: E. w. EWBANK,
Civ ATTORNEY