1899_private laws_119_4
CHAPTER 118 An act to authorize the city of Fayetteville to establish and operate a system of electric lights and motive power. WHEREAS, a proper system for lighting public streets is a ne- cessity to the inhabitants of the city of Fayetteville and is con- ducive to the advancement and prosperity of said city; and WHEREAS, by reason of its revenues from other sources and because under the provisions of chapter one hundred and fifty- three -153 of the private laws of eighteen hundred and ninety- three -1893 and the act amendatory thereof, passed by the gen- eral assembly of eighteen hundred and ninety-nine (1899), enti- tled An act to amend chapter oue hundred and fifty-three -153 of the private laws of eighteen hundred and ninety-three (1893), etc., and ratified on January twenty-sixth, eighteen hundred and ninety-nine, sufficient taxes are now levied and not other- wise appropriated to amply provide for the payment of interest on the coupon bonds hereinafter provided for as it falls due and the creation of a sinking fund sufficient to fully pay off said bonds, as well as to meet al] the other obligations and liabilities of the said city: The General Assembly of North Carolina do enact:
Said coupon bonds shall be consecutively numbered and signed by the mayor and the clerk of the city of Fayetteville, and it shall be the duty of the said clerk to keep an accurate account of the same.