1913_public local laws_20_9
CHAPTER 19 AN ACT TO AUTHORIZE THE BOARD OF COUNTY COMMIS- SIONERS OF FORSYTH COUNTY TO ISSUE REFUNDING BONDS OR NOTES FOR A PORTION OF THE BONDED INDEBTEDNESS OF WINSTON TOWNSHIP ISSUED FOR THE PURPOSE OF THE CONSTRUCTION OF THE ROAN- OKE AND SOUTHERN RAILWAY. Whereas Winston Township, embracing the cities of Winston and Salem, North Carolina, was authorized by an act of the Legislature, chapter two hundred and seventeen, Acts of one thousand eight hundred and eighty-seven, ratified March seventh, one thousand eight hundred and eighty-seven, to vote a subscrip- tion of one hundred thousand dollars in bonds to aid in the con- struction of the Roanoke and Southern Railway; and whereas the board of county commissioners of Forsyth County, by virtue of said act of the Legislature ratified March seventh, one thousand. eight hundred and eighty-seven, did submit to the voters of Winston Township the question of subscribing one hundred thou- sand dollars to aid in the construction of the said Roanoke and Southern Railway ; and whereas said subscription was duly sub- mitted, voted on, and ratified by the voters.of Winston Township ; and whereas, by virtue of the acts of the Legislature ratified March seventh, one thousand eight hundred and eighty-seven, the board of county commissioners did on the first day of July, one thousand eight hundred and eighty-eight, issue one hundred thou- sand dollars in bonds of Winston Township, to fall due July first, one thousand nine hundred and thirteen; and whereas the sinking fund accumulated under said act for the purpose of paying said bonded indebtedness amounts to be about seventy-five thou- sand dollars ($75,000), but this amount is insufficient to pay off the entire indebtedness of one hundred thousand dollars: The General Assembly of North Carolina do enact:
That the board of county commissioners of Forsyth County shall keep or cause to be kept by the clerk of the board a book showing the number of bonds or notes issued under this act, with the date of issuing and to whom sold, and at what price and when the interest falls due.