The Wilmington morning star., 1940-06-18
Legal
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annually June l, $500 1943 to 1851,
$4,000 1852 to 1857, $4,000 1858 to 1868,
$4,000 1861 to 1867, and $4,000 1868
to 1870, all inclusive.
Section 2. That a tax sufficient
to pay the principal and interest of
said bonds shall be annually levied
and collected, which tax shall not be
subject to any limitation prescribed
by law upon the amount or rate of
taxes which may be levied by said
Town.
Section 8. That a statement of the
debt of the Town has been filed with
the Town Clerk and is open to public
inspection.
Section 4. That no bonds shall be
issued under the provisions of this
ordinance unless and until there shall
be authorized by a special vote #
the property owners of said Town
the levy of an annual tax at a rate
sufficient to provide for the payment
of the principal Of and the interest
on said bonds as the same respec-
lively become due and payable, which
annual tay shall not be subject to
the limitation upon the rate of taxes
prescribed by Section 6 Of Chapter
400 Of the 1881 Public-Local Laws of
North Carolina. as amended by Chap.
ter 342 of the 1887 Public-Local Laws
of North Carolina.
Section 5. That this ordinance shall
take effect when approved by the
voters of the Town at an election as
provided by law.
ORDINANCE AUTHORIZING s24,-
900 MUNICIPAL BUILDING
BONDS.
BE IT ORDAINED by the Board
of Aldermen of the Town of Carolina
Beach:
Section l. That the Town of Caro-
lima Beach North Carolina, issue
it's bonds pursuant to The Municipal
Finance Act, 1921, as amended, in an
amount not exceeding $24, 900 for the
purpose of providing funds for pay
ing all or a part of the cost of con
structing a municipal building to be
used as a town hall and Jail. Said
bonds shall bear interest at a 1ate
or rates not exceeding 4% per annum
and shall mature annually, June l,
$500 1912 to 1851, and $1,000 1862 to
1870. all inclusive.
Section 2. That a tax sufficient tc
pay the principal and interest of said
bonds shall be annually levied anG
collected, which tax shall not be sub
ject to any limitation prescribed By
law upon the amount OF rate of taxes
which may be levied by said Town.
Section 3. That a statement of the
debt of the Town has been filed with
the Town Clerk and is open to public
inspection.
Section 4. That no bonds shall be
issued under the provisions of this
ordinance unless and until there shall
be authorized by a special vote of the
property owners of said Town the
levy of an annual tax at a rate suf.
ficient to provide for the payment Of
the principal Of and the interest on
said bonds as the same respectively
become due and payable, which an
nual tax shall not be subject to the
limitation upon the rate of taxes pre-.
scribed by Section 6 Of Chapter 400
of the 1881 Public-Local Laws of
North Carolina, as amended by Chap
ter 342 of the 1887 Public-Local Laws
of North Carolina.
Section 5. That this ordinance
shall take effect when approved by
the voters of the Town at an election
as provided by law.
The polling place and the names of
the election officers, subject to
change as provided by law, are as
follows:
Polling PIace-Town Hall.
Registrar-A. E. CURLE.
Judges-D. S. ORRELL
D. M. GREER.
By order of the Board of Aldermen
of the Town of Carolina Beach,
North Carolina.
G. W. GOODSON,
Town C1ork and ay offioio Traac1,ror