1921 public local laws – Ch.119 Sec.5
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CHAPTER 119 AN ACT TO AUTHORIZE AND EMPOWER THE BOARD OF COMMISSIONERS OF DAVIE COUNTY TO FUND A FLOAT- ING INDEBTEDNESS OF SAID COUNTY AND LEVY A SPECIAL TAX TO PAY THE INTEREST ON BONDS ISSUED FOR SAID PURPOSE. Whereas the board of commissioners of Davie County have issued the note of said county in the sum of twenty-five thousand dollars ($25,000) to secure funds with which to build and rebuild bridges in said county; and Whereas said board of commissioners have also issued the note of said county in the sum of ten thousand dollars ($10,000) to defray the expense and pay the salary and per diem of the county supervisor and the county board of appraisers and review ap- pointed for said county under and by virtue of chapter eighty- four (84):Public Laws of one thousand nine hundred and nine- teen; and, Whereas each of said notes is a valid obligation of said county and were issued to provide for a necessary expense of said county and for a special purpose and the board of commissioners of said county desire to fund said indebtedness: Therefore, The General Assembly of North Carolina do enact:
That the bonds herein provided for shall be serial bonds to be retired at such time as the board of commissioners of Davie County may determine, not exceeding thirty years from date of issue.