1899 private laws – Ch.308 Sec.15

For the payment of any subscription made either to the capital stock or as a loan to the said company as provided in the preceding section, the board of county commissioners of Hyde county shall issue bonds to the amount authorized to be subscribed or loaned, payable to bearer, and the said bonds shall express on their face by what authority and for what purpose they are issued; such bonds shall be coupon bonds of the denomination of not more than one thousand dollars ($1,000.00) or less than one hundred dollars ($100.00), and shall bear interest at a rate not exceeding six per cent., the interest payable en the first day of March of each successive year by the treasurer of said company, at some bank in the town of Washington, N. C., to be designated by said treasurer. The said bonds shall be due and payable as follows: one thousand dollars in amount ten years after the first day of March succeeding the year in which said bonds are issued and one thousand dollars on the first day of March in each successive year thereafter: Provided, that the board of commissioners of Hyde county, by giving ninety -90 days notice thereof preceding the first day of March in any year and making publication of the same in some newspaper published in the state may pay off at the same time as the next installment of interest such bonds and of such an amount as may be named in said publication, payable at the same bank at which the installment of interest is paid. The interest upon said bonds so called in shall thereupon cease and determine after the said first day of March.