1895_private laws_343_3
CHAPTER 341 An act to authorize the commissioners of the town of Leaks- ville, North Carolina, to issue bonds for the purpose of pro- viding a system of public improvements in said town. The General Assembly of North Carolina do enact:
That said bonds shall not be sold for less than par value, and the proceeds arising from the sale thereof shall be used by the mayor and commissioners of said town for the purpose of procuring a system of internal improvements, and for the further purpose of making such improvements on the streets of said town,and such other public improvements, as the mayor and commissioners may deem expedient for the general welfare of the citizens of said town: Provided, however, that this act shall be submitted to the qualified voters of said town for their ratification or rejection at an election to be held in said town, at such time as the mayor and commissioners thereof may appoint, within twelve months after their ratification of this act. The said election shall be advertised by the mayor and commissioners of said town for thirty days prior to the day of election in at least one newspaper published in said town, and also at some public place in said town; and the said mayor and commissioners shall cause a registration of the qualified voters to be made, as now required by law, and shall appoint three electors of said town as inspectors or supervisors of said elections. Those in favor of issuing said bonds shall vote a written or printed ticket with the words for bonds thereon; those opposed to issuing said bonds shall vote a written or printed ticket with the words against bonds thereon. The result of said election shall be ascertained by the aforesaid inspectors or supervisors, and returned by them, over their signatures, to the mayor and commissioners of said town, who shall verify the same and certify the result of said election, and cause the same to be recorded in the minutes of said board of commissioners of said town. If the majority of the votes cast be for bonds, then the mayor and commissioners of said town shall proceed to issue and sell said bonds, and shall apply the proceeds of such sale as directed in this act; but if a majority of the votes cast be against bonds, then this act shall be of no force and effect. The inspectors shall be appointed and the election held as all other elections are held in said town.