The Wilmington morning star., 1940-06-01
ORDINANCE AUTHORIZING
$63, 900 SANITARY SEWER
BONDS

II1oIa1Ll1S0
$4,000 SANITARY SEWER
BONDS
BE 1T ORDAINED by the Board
of Aldermen of the Town of Carolina
Beach:
Section 1. That the Town of Caro-
lima Beach, North Carolina, issue it's
bonds pursuant to The Municipal FL
nance Act, 1921, as amended, in an
amount not exceeding $63, 900 for the
purpose of providing funds for pay
ing all or a part of the cost Of con-
structing a sanitary W system
for said Town. Said bonds shall bear
interest at a rate or rates not exceed
ing 400 per annum and shall mature
annually. June 1, $500 1913 to 1851,
$4,000 1852 to 1857, s25O0 1858 to
1853, $4,000 1854 to 1867, and $500
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 sub
ject to any limitation prescribed by
law upon the amount or 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
sufficient to provide for the pay
ment of the principal of and the in
terest on said bonds as the same re-
~spectively become due and payable.
which annual tax shall not be sub
Ject 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 Chapter 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
$24, 900 MUNICIPAL BUILD
ING BONDS
BE 1T ORDAINED by the Board
of Aldermen Of the Town of Carolina
Beach:
Section 1. That the Town of Car.
DINA 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
paying all or a part of the cost of
constructing a municipal building to
be used as a town hall and Jail. Said
bonds shall bear interest at a rate or
rates not exceeding 40 per annum
and shall mature annually. June l,
$500 1912 to 1851, and $1,000 1852 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 sub
ject to any limitation prescribed by
law upon the amount or 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 pub
lie inspection.
Section 4. That no bonds be issued
under the provisions of this ordi-
nance 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 suffi-
Gent 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
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 S. That this ordinance shall
take effect when approved by the
voters of the Town at an election as
provided by law.
A new registration has been or
dered and no one will be permitted to
vote unless registered anew. The
books for such new registration will
remain open from 9 a. m. until SUM-
set on each day except Sundays and
holidays beginning Saturday morn
ing, June Is, 1910, and closing Sat
urday night, July 6, 1910. On each
Saturday during said registration
period said books shall remain open
at the polling place.
The polling place and the names of
the election officers, subject to
change as provided by law, are as
follows: