1908 private laws – Ch.1 Sec.1

That whereas, by virtue of chapter eighty-st seven of Preamble. the Private Laws of North Carolina, one thousand nine hundred and seven, the Commissioners of the Town of Rockingham are authorized to issue, sell and dispose of bonds to an amount: not to exceed forty thousand dollars ($40,000) ;’ and whereas, there is further provision in said act that the said bonds shall bear interest at the rate of five per cent. per annum; and whereas, the said Further preamble. commissioners of the said town find it impossible to dispose of said bonds at their par value without paying a commission brokerage for effecting such sale; and whereas, the commissioners of the said town believe that by the payment of a commission brokerage not to exceed six per cent. the said bonds can be sold and thus carry into effect the wishes of the people of the town of . Rockingham and save money to the taxpayers of the said town; that the commissioners of the said town of Rockingham be and Sale authorized. they are hereby authorized and empowered to issue, sell and dispose of the aforesaid issue of bonds to an amount not exceeding forty thousand dollars ($40,000) heretofore authorized to be Limit of amount. issued, sold and disposed of under and by virtue of chapter eightyseven of Private Laws of North Carolina, one thousand nine hundred and seven, according to the terms and conditions of the said law, and to pay out of the sum thus received a commission brokerCommission brokage of not exceeding six per centum to the party negotiating the