1889_private laws_209_8
CHAPTER 208, An act to incorporate the Henderson Electric Light, Water- Works and Power Company. The General Assembly of North Carolina do enact:
That said town of Henderson may, upon such terms as agreed. guarantee the payment of the interest upon not exceeding fifty thousand dollars of the first mortgage bonds of said corporation, and the commissioners of said town are hereby authorized, annually, to levy and collect such taxes as may be necessary for the due performance of said guaranty: Provided, that no such guaranty shall be entered into until approved by a majority of the registered voters of said town at an election ordered by the commissioners of the town for that purpose, which election shall be held and governed by and under the rules and regulations prescribed by the charter of said town for the election of town officers, so far as the same may be applicable; and ballots favoring the guaranty of said interest shall read,  water-works bond.interestfor guaranty, and those in opposition thereto shall read,  water-works bond interestno guaranty. Such election may be ordered at any time by said commissioners of their own motion, and shall be ordered upon the written application of twenty-five freeholders resident in said town and qualified voters therein, specifying the terms upon which the guaranty shall be made, together with the number and amount of bonds to which the guaranty shall attach.