1917 private laws – Ch.103 Sec.5

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

CHAPTER 103 AN ACT TO AUTHORIZE THE TOWN OF MARION TO ISSUE BONDS TO FUND ITS INDEBTEDNESS AND TO IMPROVE ITS STREETS. Whereas the town of Marion has heretofore contracted indebt- edness to meet ithe necessary expenses of the town in repairing its water line which was destroyed by the disastrous floods in July of last year in the sum of, approximately, twenty thousand dollars ($20,000) ; and whereas it will require the sum of approxi- mately, five thousand dollars ($5,000) to make further necessary repairs upon its water line and reservoir destroyed as aforesaid; and whereas the said town desires to make necessary ilmprove- ments to its streets by hard-surfacing with concrete, macadam, bitulithic, or other hard substance, in an amount approximating twenty thousand dollars ($20,000); and whereas the said town desires to issue bonds in a sufficient amount to pay said indebted- ness, to make further necessary repairs upon its water line and reservoir, and to make necessary improvements on its streets, not to exceed the sum of forty-five thousand dollars ($45,000); and whereas the tax levy provided for and limited by law is insufficient to provide a sum with which to pay said indebtedness and to make the necessary repairs to its water line, reservoir, and to improve the streets of said town: Therefore, The General Assembly of North Carolina do enact: :