The daily times., 1921-12-03
ACT TO IMPROVE
THE ROADS OF
WILSON COUNTY
PREPARED BY CONNOR
Bill Provides That Not More
Than $4,000, 900 Worth of
Bonds Shall be Sold by tie
County of Wilson. Bonds
Shall Not Bear a Rate of
More Than Six Per Cent.

More Than Six Per Cent.
4 BILL TO BE ENTITLED, "a
ACT TO AUTHORIZE AND EN-
POWER TH@, COUNTY OF WII.SO.
TO ISSUE BONDS TO CONSTRUC'
AND BUILD THE PUBLIC ROAD:
OF THE COUNTY"
(This bill will be introduced b.
Representative H. G. Connor. Jr.. a
rhe request of the Commissioners o
Wilson County following petitions o
citizens of the county presented tt
1he Commissioners asked for Coco
Roads. Editor Times.)
THE GENERAL ASSEMBLY OF
NORTH CAROLINA DO ENACT:
Section l. That for the purpose o.
building and constructing its public
roads highways and thoroughfares o1
durable material and in permanent
manner, the County of Wilson, by
and through its Board of Count.
Commissioners is hereby authorized
empowered and directed to issue, i'll
he manner hereinafter prescribed
its bonds to an amount not exceed
ing two million dollars $2,OO0.000;
which said bonds shall be of the
form and tenor prescribed by the
Board of Commissioners of said
County: shall be engraved or litho-
hnhoIf of
said County, by the signing by the
Chairman of said Board of Commis-
sioners and by the Register Of Deeds
of said county. who shall attach
thereto the seal of the County.
Sec. g The said bonds shall be is
sued in such denominations, shall
bear interest at such rates not ex-
seeding six per cent. per annum. pay
able in equal semiannual amounts,
and shall be made payable. both as
20 principal and interest, at such
place or places as the said Board Of
County Commissioners may deter
mine. They may be either coupon
bonds or registered bonds. and il is
sued in coupon form may be made
registerable as to principal or as to
both principal and interest: and the
of said bonds shall bear
or engraved facsimile
of the County Treasurer.
The delivery Of bonds executed as in
this act prescribed, by officers in Of
Zee at the time of such signing and
execution. shall be valid notwith-
standing any change in officers occur
ing after such signing.
Sec. 8. The Board of Commission
7rs of said County is hereby author
lZed. empowered and directed to levy
annually, when other County taxes
upon all taxable property in said
County for the special purpose Of
paying the principal and interest of
all bonds issued under this act, as
such principal and interest becomes
due, which tax shall be in amount
sufficient for said purpose and shall
De in addition to all other taxes
to be levied by said
Board; and the said taxes when col
'ected shall be kept separate and
apart from all other taxes and shall
be used only for the purposes for
which they were collected.
Sec. A. The said bonds shall be dat
I'd the first day of June or the first
lay of December in the year in which
hey are issued, whichever day shall
be nearest the time of issue; and
shall be serial bonds, payable in not
less than five, nor more than twenty
i've years from the date of issue; the
lumber payable in any one year to
De determined by the Board of Coun-
y Commissioners as they are issued
md shall be known and designated
IS Wilson County Highway Bonds"
aiming the will Of the voters of Will
ION county upon the question Of issu-
ng the bonds authorized in this act
md the approval of the provisions
hereof, an election shall be held at
Ill the voting precincts in said Coun-
y on the Third Tuesday Of April, one
thousand. nine hundred twenty-five,
being the eighteenth day OF April.
1t said election all voters Of Wilson
;ounty qualified to vote at said cleo
ion may vote written or printed
icket. Those who favor the purposes
f this act shall vote a ticket with
he words "For Road Improvement
written or printed thereon.
nd those who oppose the purposes Of
his act shall vote ticket with the
vords Against Road Improvement
'onds" written or printed thereon:
nd II majority of the votes cast at
aid election shall he "For Rood Tn