Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1919-06-26
NO37
TEN THOUSAND DOLLARS FOR STREET
IMPROVEMENT.

BE it remembered that a meet
ing of the commissioners Of the
town of Boone was held ON the
seventh day of June, having been
adjourned on June the second to
meet on said date, when and
where were present !. G. Greer
M. B. Blackburn, and F. A. Lin
ney, commissioners, and T. b.
Moore, mayor, when and where
the following proceedings were
had.
1t was moved by M. B. Black
burn, seconded by l. G. Greer,
said motion being put by the
mayor and carried by a unani-
nous vote of the commissioners
that the following ordinance be-
adopted:
1. That it is necessary for the
town of Boone to construct con-
crete sidewalks in the said town
and to construct and maintain
a macadamized street throught the
said town and on the streets lead
ing to the depot, and to build
bridges, and that it is necessary
to defray the expenses of said
street improvement to issue
bonds in the sum of $l0,00O.O0,
$3,0O0.00 of which to be issued
for sidewalk improvement, ST.
10000 for bridges, the remainder
for macademizing the streets.
9. 1t is therefore ordered by
the board that coupon bonds in
the sum of $l0,0O0.00 be issued
by the said town and sold as the
law directs to defray the said ex-
penSes aforesaid.
| 3. That the said bonds bear
rate of interest, not exceeding
six per centelh per annum.
| 4. That the said bonds be is
lsued in denominations Of 81 LOCO
each and shall be due and paya-
BILE as follows:
), The first bond on June the 1st,
1929, and the remaining bonds
payable one each year thereafter
on said date, until the ten bonds
are paid off and discharged.
s.. That tax sufficient to pro
vide for the payment of the prin-
ciple and interest of the bonds be
annually levied and collected.
6. That a statement of the
present indebtedness of the town
, and the assessed valuation of the
property, subject to taxation by
by the municipality for the three
fiscal years in which taxes were
:. last levied, be filed with board
and sworn to by the treasurer of
the town.
Z. That the form of the bond
shall be determined by the board
at a future meeting; but the said
bond shall be a coupon bond,
signed by the mayor ofsaid town
and the secretary thereof and
r. sealed with the corporate seal of
3 the said town; the coupons to be
!. signed by the mayor of the town.
=, 8. This ordinance shall take
q effect upon its passage. Passed
:. in regular meeting by a unani.
=, nous vote of the commissioners
u on this the seventh day of June,
e 1919.
3 #. B. MOORE, Mayor.
M. B. BLACKBURN,
e F. A. LINNEY,
m l. G. GREER,
=. Commissioners
u The foregoing ordinance was
y" passed on the seventh day o1
W June, 1919, and it was first pub
lishcd on the II day of June 1919
le Any action or proceeding ques
il tioning the validity of said ordi
n nance must be commenced with
" in thirty days after its last pub
licatiOn.
F. A.LINNEY, Clerk.
ii It's moved and carried tha
the treasurer of the town be au
. thorized to borrow the sum of 81
IN COO 90 to be used on street worl
is, at a rata of interest not exceed
id id ing six per cent and to be paya
mt BILE in twelve months out of thu
he funds derived from the bont
I'm sale.
pe II. B. MOORE, Mayor.