Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1920-01-22
NOTICE..
North Carolina, Watauga County,
Town Of RlOwinp Rock

Town of Blowing Rock.
Be it remembered that a meeting OF the
aldermen of the town of Blowing Rock
who constitute the governing body of
said town was held at the town Hall
on the Bird day of November, 1919,
when and where vera present w. l..
Crisp, Joe White and j. M. Hodges
aldermen of the said town, and G. {.
Robbins mayor of the said town,
when and where the following pro-
ceedings were had:
1t was moved by w. L. Crisp and
seconded by Joe White and the said
motion, being put by the Mayor, was
carried by unanimous vote OF the said
aldermen that the following ordinance
be adopted:
|. That it is necessary for the town
of Blowing Rock to improve its said
streets by purchasing land and WIDEN
ing the said streets, by building re-
tanning walls, rock and concrete cul-
verts, concrete bridges and grading
and surfacing the said roads and for
the construction and reconstruction
of the surface of'said streets and high
WAYS in said town with sand and grav-
ell. the said streets as now constructed
being too narrow and badly out of re-
pair: that it is necessary, to defray
the expenses of the said street improve
ment, to issue bonds in the sum of Fiji
, teen Thousand Dollars ($l5.
2. 1t is, therefore. ordered by the
Board that coupon bonds, in the sum
of Fifteen Thousand Dollars ($I5, 5,OO0)
be issued by the said town and sold
as the law directs to defray the said
expenses aforesaid.
3. That the said bonds bear q rate
of interest not exceeding six per CEN
, tum per annum, payable annually.
4. That the said bonds be issued in
= denominations of One Thousand Dol
s lars l,OOO) each and shall be due and
v payable as follows: First bond, De-
e cember lst, 1922, and the remaining
honds due and payable on the lst day
of December of each year thereafter
until the entire bond issue is paid of
and discharged, bonds to bear dat'
December lst, 1919.
5. That tax sufficient to provide
q for the payment of the principal of tht
: bonds and to create sinking funt
sufficient to discharge the said bond
as they become due be annually levie'
u and collected.
6. That a statement of the presen
Indebtedness of the town, incurred be
A fore March 7th, One Thousand Min
Hundred and Seventeen and the bond
ed debt outstanding to be incurred ur
E. der ordinances or other proceedings
passed, taken, or pending, exclusiv
of debt incurred, or to be incurred, i
anticipation of the collection OF tn
=, taxes herein anticipated, of the sale
"' the bonds and the assessed valuatio
ne of the property for the three preceec
en- ing years, subject to taxation by tn
II. municipality, the said three years b'
~ ing the fiscal years in which take
:, were last levied, be filed with tt
'" Board and sworn to by the Treasure
ile of the said town.
he T. That the form of the bond sha
is be a coupon bond, signed by the Ma,
,;S or of said town and the Secretal
-. thereof, and sealed with the corpora
'ho seal of the said town, the coupons
en- be signed by the Mayor of the sa
or town, the bonds and coupons to be
ch such form as may hereafter be dete
,o mined by the Board of Alderman
a., said town.
II" 8. That the said ordinance sht
Ihe take effect withie thirty days after
e's last publication unless petition +
Illv its submission to the voters OF
in said town shall be filed in the mea
time with the said board as provid
- by law.
u.s. Passed in regular meeting by unar
ich nous vote of the aldermen. of st
the town on the 9th day of November II
tito w. l.. CRISP
JOE WHITE
:, " j. M. HODGES, Commissioner
Che G. G. ROBBINS, Mayor.
lort The foregoing ordinance was pa
,ad- ed on the 3rd day of November Is
and was first published on the lst {
anu of January 1919.
r, II Any action or proceeding questi
nto. ing the validity of the said ordina
poo must be commenced within 30 days
l IL ter its first publication.
red.
ho North Carolina Watauga County,
o0 The town of Blowing Rock.
] the Personally appeared before me
= 60 day, G. c. Robbins, who is Treasl
~ 20 of the town of Blowing Rock, Nc
adv Carolina, who being duly sworn,