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238 1913—Chapter 91—92.
thousand uine hundred and eight, as herein amended, and said
Bonds validated, issue of Said bonds to the amount of forty thousand dollars; and
the said bonds and each of said bonds so issued are herebj' rati-fied,
confirmed, validated, and legalized, and the said issue of
bonds to the amount of forty thousand dollars, and the said bonds
and each of said bonds, shall not be liable to be attacked or dis-honored
in the hands of purchasers for value.
Date of bonds. Sec. 3. That the issue of bonds as aforesaid shall be dated the
first day of January, one thousand nine hundred and thirteen, the
interest to be payable annually or semiannually, according as the
board of commissioners shall order, and in all other respects the
said bonds are to be issued as provided in chapter fifty-two. Public
and Private Laws of North Carolina, extra session of one thou-sand
nine hundred and eight, as herein amended.
Sec. 4. That all laws and clauses of laws in conflict with this
act be and the same are hereby repealed.
Sec. 5. That this act shall be in force from and after its ratifi-cation.
Ratified this the 21st day of February, A. D. 1913.
CHAPTER 92.
AN ACT TO AUTHORIZE THE CITY OF CONCORD TO
ISSFE BONDS.
Bond issue author-ized.
Amount.
Purpose.
Special tax.
Use of proceeds.
Bond i.^ue.
Denominations.
Interest.
The General Aiisemhly of XortJi Carolina do enaet:
Section 1. That the city of Concord, through its board of alder-men,
is hereby authorized and empowered to issue bonds to the
amount of twenty thousand dollars ($20,000) for the purposes
hereinafter specified in this act. and levying and collecting annu-ally
a special tax for the payment of interest thereon, and to
create a sinlving fund, as hereinafter jirovided. for the payment of
the principal of said bonds.
Sec 2. That the proceeds arising from the sale of bonds shall
be turned over to the treasurer of the city of Concord, and dis-posed
of under the direction of the graded school board for the
following purposes : For the erecting, equipping, and furnishing
another building for the graded schools, and for the enlarging,
equipping, and furnishing of the present buildings so as to make
the educational facilities of the city of Concord adequate to its
needs.
Sec P>. The city of Concord, through its aldermen, shall issue
coupon bonds to the amount of twenty thousand dollars ($20,000)
in denominations not less than five hundred dollars ($500). bear-ing
interest from date of the bonds at a rate not exceeding five
per centum per annum, payable semiannually at the Concord
Object Description
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| Title | Page 272 |
| Full Text | 238 1913—Chapter 91—92. thousand uine hundred and eight, as herein amended, and said Bonds validated, issue of Said bonds to the amount of forty thousand dollars; and the said bonds and each of said bonds so issued are herebj' rati-fied, confirmed, validated, and legalized, and the said issue of bonds to the amount of forty thousand dollars, and the said bonds and each of said bonds, shall not be liable to be attacked or dis-honored in the hands of purchasers for value. Date of bonds. Sec. 3. That the issue of bonds as aforesaid shall be dated the first day of January, one thousand nine hundred and thirteen, the interest to be payable annually or semiannually, according as the board of commissioners shall order, and in all other respects the said bonds are to be issued as provided in chapter fifty-two. Public and Private Laws of North Carolina, extra session of one thou-sand nine hundred and eight, as herein amended. Sec. 4. That all laws and clauses of laws in conflict with this act be and the same are hereby repealed. Sec. 5. That this act shall be in force from and after its ratifi-cation. Ratified this the 21st day of February, A. D. 1913. CHAPTER 92. AN ACT TO AUTHORIZE THE CITY OF CONCORD TO ISSFE BONDS. Bond issue author-ized. Amount. Purpose. Special tax. Use of proceeds. Bond i.^ue. Denominations. Interest. The General Aiisemhly of XortJi Carolina do enaet: Section 1. That the city of Concord, through its board of alder-men, is hereby authorized and empowered to issue bonds to the amount of twenty thousand dollars ($20,000) for the purposes hereinafter specified in this act. and levying and collecting annu-ally a special tax for the payment of interest thereon, and to create a sinlving fund, as hereinafter jirovided. for the payment of the principal of said bonds. Sec 2. That the proceeds arising from the sale of bonds shall be turned over to the treasurer of the city of Concord, and dis-posed of under the direction of the graded school board for the following purposes : For the erecting, equipping, and furnishing another building for the graded schools, and for the enlarging, equipping, and furnishing of the present buildings so as to make the educational facilities of the city of Concord adequate to its needs. Sec P>. The city of Concord, through its aldermen, shall issue coupon bonds to the amount of twenty thousand dollars ($20,000) in denominations not less than five hundred dollars ($500). bear-ing interest from date of the bonds at a rate not exceeding five per centum per annum, payable semiannually at the Concord |
