1899 private laws – Ch.266 Sec.5
The chapter text below is provided for context. Scroll down to see the text of the law.
CHAPTER 266 An act to authorize the city of Salisbury to issue bonds to secure and supply to said city electric light plant, sewerage, waterworks, and for other purposes. The General Assembly of North Carolina do enact;
If the powers hereby conferred and hereinbefore provided shall be exercised, and a majority of the qualified voters of said city shall vote to issue said bonds, then the said board of aldermen shall issue said bonds, and they shall be signed by the mayor, attested by the treasurer of the city and sealed with the corporate seal of the city: and said bonds and their coupons shall be exempt from city taxation until after they shall become due and the coupons thereon shall be receivable in payment of city taxes.