1913_private laws_133_4
CHAPTER 132 AN ACT TO AUTHORIZE THE TOWN OF SELMA TO ISSUE BONDS TO COMPLETE ITS ELECTRIC LIGHT AND WATER SYSTEMS. Whereas the town of Selma in Johnston County, on account of the large number of its inhabitants and of the great increase in the number, size, and value of its residences, hotels, and business houses, is in great need of a public water supply and electric light system ;.and whereas it is necessary to protect the property of said town from destruction by fire, and to furnish an adequate electric lighting system for the protection, convenience, and benefit of its citizens and their property; and whereas it is necessary for the protection of the health of said town that there should be a sys- tem of sewerage and waterworks in the town; and whereas, in pursuance of the urgent needs aforesaid the qualified voters of said town have heretofore by popular vote authorized the issuance of twenty-five thousand dollars interest-bearing coupon bonds; and whereas the money derived therefrom has been devoted to the installation, construction, and erection of water and electric light systems for the purposes aforesaid; and whereas the money derived from said bonds has been insufficient to carry said work to a completion, and an additional five thousand dollars is neces- sary to complete said water and lighting systems, and it is im- peratively necessary that this be done at as early a date as prac- ticable; and whereas the mayor and board of commissioners of said town of Selma, after full consideration of all conditions, have declared that there exists in said town an absolute and urgent necessity for the completion of its waterworks and electric light system for the protection of health and against fire; and whereas the ordinary funds derived from current taxes of said town are wholly insufficient to complete said works: Now, therefore, The General Assembly of North Carolina do enact:
Said bonds are hereby declared to be within the exercise of the corporate powers of the town of Selma, and the purposes for which the same are to be issued are hereby declared to be a municipal necessity.