1901_private laws_345_2
CHAPTER 344 AN ACT TO ALLOW THE COMMISSIONERS FOR THE TOWN OF ALBEMARLE TO ISSUE BONDS, AND TO AMEND THE CHARTER OF SAID TOWN. The General Assembly of North Carolina do enact:
That the Board of Commissioners for the town of Albemarle, in Stanly County, are hereby authorized and empowered to cause an election to be hela at the various polling places in said town at any time and as many times as said Commissioners may appoint, and to submit to the qualified voters of said town the question of issuing bonds not to exceed in amount the sum of twenty thousand dollars, for the purposes and under the provisions hereinafter named in this act, and levying and collecting annually a special tax to provide for the payment of the interest thereon, and to provide a sinking fund for the payment of the principal of said bonds when they shall become due. And said election or elections shall be advertised by the Commissioners of said town for thirty days prior to the day of election in some newspaper published in said town, and shall be held under the same rules and regulations as is prescribed by law for the election of Mayor and Commissioners of said town. And said Commissioners shall specify in each advertisement for election on the issuing of bonds under this act the amount of bonds to be yeted for at such election, and the purpose for which they are to be issued; and those who are in favor of issuing the amount of bonds specified in any advertisement calling an election for said purpose, and levying and collecting said special tax, shall vote a written or printed ticket with the words For Bonds uhereon, and those who oppose shall vote a written or printed licket with the words Against Bonds thereon.