1913 public local laws – Ch.1 Sec.18

0

The chapter text below is provided for context. Scroll down to see the text of the law.

CHAPTER 1 AN ACT FOR THE BETTER WORKING AND IMPROVING THE ROADS AND HIGHWAYS OF DAVIE COUNTY. The General Assembly of North Carolina do enact:

That for the puxpose of providing for the payment of the interest on said bonds which may at any time be issued under the provisions of this act, and the creating of a sinking fund for the payment of said bonds, or for the purpose of paying said bonds as the same may become due, the said board of commissioners of Davie County shall annually set apart and apply a sufficient amount of the special-tax levy authorized under and by virtue of section four of this act. The residue or remainder of said tax levy, if any, so authorized by section four, after paying the interest on said bonds as aforesaid and the amounts set aside as a sinking fund or the amount which may be used in paying in full any of such as may be due and payable, shall be applied and set apart by said board of county commissioners for general road purposes in the several townships of Davie County: Provided, that for the purpose of providing a fund to be used for general road purposes in the several townships in Davie County, the said board of commissioners of Davie County are hereby authorized, empowered, and directed to levy a special tax in each township. after having provided for the interest and sinking fund on said bonds as above mentioned, not in excess of thirty-three and onethird cents on the one hundred dollars valuation of property nor more than one dollar on the poll, including the tax levied to pay the interest and create the sinking fund of said bonds.

The On the Books website is a product of a digital scholarship project and will not be maintained in perpetuity. The site will be reviewed December 31, 2024. Depending on use, funding, and maintenance required, the site may be decommissioned and archived at that time. The text corpora created for this project will be preserved in the Carolina Digital Repository.
Proudly powered by WordPress | Theme: Shree Clean by Canyon Themes.