- Title
- Laws and resolutions of the State of North Carolina, passed by the General Assembly at its session [1891]
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-
- Date
- 1891
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-
- Creator
- ["North Carolina."]
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- Place
- ["North Carolina, United States"]
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Laws and resolutions of the State of North Carolina, passed by the General Assembly at its session [1891]
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1891. — Chapter 589 — 590.
641
the corporate seal of said town of Durham to the secretary of state,
which said certificate of the result of said election shall be filed by
the secretary of state in his office. If at said election a majority of
the qualified voters of said town of Durham shall not vote “ For
school bonds,” then this act shall be thereafter of no force and effect;
but if at said election the ballots cast “ For school bonds;-’ shall
be a majority of al! the votes cast and also a majority of all the
qualified voters of said town of Durham, then said board of commis¬
sioners shall proceed at once to issue and soil said bonds or so many
thereof as may be necessary, in the judgment and discretion of said
“ School committee of the town of Durham," in Durham county, for
the purposes aforesaid.
Sec. 4. In order to pay interest on said bonds and to create a sink¬
ing fund to pay the principal of said bonds at maturity, the commis¬
sioners of the town of Durham shall levy and collect a special tax
of ten cents on every hundred dollars worth [of] taxable property in
said town and thirty cents on each taxable poll, or such other special
taxes as may be necessary for that purpose, observing the equation
of taxation between property and polls fixed by the constitution for
the purpose of state and county taxation, and the money paid into
the said town treasury received from taxes under this act shall be
appropriated for the payment of the said bonds and coupons and
for no other purpose whatsoever: Provided, all moneys remaining
in the treasury belonging to said fund after all the aforesaid bonds
and coupons shall have been redeemed may then be transferred by
order of said school committee to the genera! funds of said town of
Durham.
Sec. 5. The treasurer of said town of Durham shall be allowed in
full payment for his services a commission of two per centum on
the amounts disbursed under this act arising from the sale of said
bonds, but shall not be allowed anything for receiving the same
from the town tax collector.
Ratified the 9th day of March, A. D. 1891.
CHAPTER 590.
An act fo provide for the collection, arrangement and display of (lie prod¬
ucts of the state of North Carolina at the World’s Columbia Exposi¬
tion of eighteen hundred and ninety-three, and to make an appropria¬
tion therefor.
Whereas, the congress of the United States has provided by an
act, April twenty-fifth, eighteen hundred and ninety, for celebrating
the four hundredth anniversary of the discovery of America by
Christopher Columbus by holding an international exhibition of arts,
41
Tills act to Hike
effect on vote of
majority of quali¬
fied voters.
Special tax.
Proviso.
Compensation of
treasurer.
Preamble.
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