Roanoke Rapids herald. [volume] (Roanoke Rapids, N.C.) 1914-192?, 1920-09-24
Notice Of School Bond Election
$375,000.00 Bonds

Under and by virtue of an act en-
titled can Act to Authorize the Is
suance of Three Hundred and Seventy
Five Thousand Dollars Additional Bonds
of the Roanoke Rapids Graded School
District" said Act being House Bill
No. $3.50 and Senate Bill No. 4l8, Private
Laws of 1920 of the Special Session Of
the General Assembly Of North Caro-
lima, and by virtue of a resolution
passed and adopted by unanimous vote
of the Board of School Trustees OF
Roanoke Rapids at its meeting held on
the first day of September, A. d. 1920,
and at which meeting quorum OF the
said Board Of School Trustees of Roa-
noke Rapids was present and voting
the adoption of said resolution, re-
questing the Board of Commissioners OF
the town of Roanoke Rapids to order a
special Election on the 18th day OF
October A. D., 1920, in compliance with
said Act, for the purpose of voting up.
on the question of issuing bonds and
levying tax under said Act, NOTICE
is hereby given that an ELECTION
will be held in the town of Roanoke
Rapids, North Carolina, at the regular
polling place on Tuesday, the 18th day
Of October, A. D., 1920, between the
hours of eight (S) o'clock. A. M, and
sunset, for the purpose Of authorizing
and empowering the said Board OF
School Trustees Of Roanoke Rapids to
issue BONDS of the ROANOKE RAP
IDS GRADED SCHOOL DISTRICT,
under said Act, in an aggregate princi,
pal amount not exceeding THREE
HUNDRED AND SEVENTY FIVE
THOUSAND DOLLARS for the pur-
pose of erecting, enlarging, altering
and equipping school buildings and ac-
curing land for school buildings, of the
Roanoke Rapids Graded School District
or for any one or more of said pur-
poses. said bonds to be issuedin the cor
porate name of said Graded School
District and to be in such form and
denominations, and with such provisions
as to time, place and medium of pay
ment of principal and interest, as the
said Board of School Trustees may de.
termine, subject to the limitations and
restrictions Of said Act. They may be
issued as one issue or divided into two
or more separate issues, and in either
case may be issued all at one time or in
blocks from time to time. They are to
be serial bonds, and each issue thereof
shall so mature that the aggregate
ri incipal amount of the issue shall be
PAYABLE in annual installments of series,
beginning not more than three years
after the date of the bonds of such is
sue and ending not more than thirty
years after such date. No such install
ment shall be more than two and one
half times as great in amount as the
smallest prior installment OF the same
bond issue. They shall bear interest
at a rate not exceeding six per centum
per annum, payable semi-annually; ant
to authorize and empower said Boart
of School Trustees to levy annually
under said Act, special tax>ad valor
, EN- on all taxable property in said
Graded School District for the purpose
of paying the principal and interest O.
all bonds issued under said Act, as sucl
principal and interest become due, whicl
special tax shall be in amount sufficien
! for said purpose and shall be in add
ton to all other taxes authorized to b
. levied in said Graded School District.
The question to be voted on at sal
. election to be held on the 18th day o
0 October, A. D., 1920, is: 'The question
s Of issuing not exceeding 1915, 10000 Q
: serial bonds of the Roanoke Rapid
Graded School District and levying
: sufficient annual tax to pay the same.
n There shall be new registration TO
t all of the voters of the Roanoke Rar
: ids Graded School District and the re
e gistrar appointed by the said Board Q
: Commissioners of the town Of Roanok
Rapids, on the End day of Septembe
e A. D., 1920, and hereinafter named
e will, beginning on the 9th day OF Sep
d ember, A. D., 1920, and closing Q
d the End day Of October A. D., 1922
q keep the Registration books open Il
y the registration Of voters from nine [!
e o'clock A. M, to I've 5 O'Clock z. M
It at the Mayors Office each day durir
n said period (Sundays excepted and Il
4 said Registration books will be open :
q the End day of October, A. D., 1872
ID being the second Saturday before Il