1915_private laws_233_3
CHAPTER 232 AN ACT TO AUTHORIZE THE TOWN OF CLYDE TO ISSUE BONDS AMOUNTING TO $20,000  FOR A WATER SUPPLY, SEWERAGE, ELECTRIC LIGHTS, AND OTHER NECES- SARY IMPROVEMENTS, AND TO LEVY A SPECIAL TAX TO MEET THE INTEREST TO PAY SAID BONDS. The General Assembly of North Carolina do enact:
That at any time within two years after the passage of this act, upon petition to the board of commissioners or aldermen of said town signed by one-fourth of the qualified voters of said town, the board of commissioners or aldermen of said town shall call an election at which they shall submit to the qualified voters of said town the question of whether or not the said town of Clyde shall issue the twenty thousand. dollars of bonds for the purposes aforesaid and shall levy a special tax, annually, to pay the interest on said bonds as it accrues and to create a sinking fund for the purpose of paying off and discharging said bonds when they become due; and those favoring the issuing of said bonds and the levying of said special taxes shall be permitted to cast one ballot upon which shall be written or printed the words For Bonds, and those opposing the proposition shall be permitted to cast one ballot, upon which shall be written or printed the words Against Bonds.