LEGAL NOTICES
AN ORDINANCE MTIIOR1/ING
Tli K ISStANCK or BONDS TO
KKKl'ND OR riTNlt TIIK I'KINOI
FAL OK ANU INTKKEST ON SI97,
000 OUTSTANDING BO\l>S OK
TIIK TOWN OK Ml'KPHY.
BK IT ORDAINED by t ?? Board of
Commissioners of the Town of Mur
phy ut follows:
Section 1 Tlie Board of Commis
sioners of the Town of Murphy has
ascertained and determined and does
hereby denial* that said Town has
duly issued tiu- following described
konds. viz.:
(It $25,000 ??. Street Improve
men'. Bonds, dated January 1. 1927.
payable serially, on January 1st in
each year as follow-*: $1,000 in each
or the years 1938. 1940, 1942. 1944.
1946 and 1947. $2,000 ill 1948. $1,000
in 1949. an* $2.000 in each of the
year 1950 to 1937. inclusive."
<2> $11.000 6', Public Improve
ment Bonds( dat'ii Au :ust 1. 1928.
payable serially, SI.000 on August
1st in each of the year-. 1939 to 1945.
inclusive. 1947. 1948 1953 and 1954;
(3? $25.000 6',, Water and Street
Bonds. dated October 1. 1911. pay
able October 1. 1941;
<41 $25,000 SV,?,, Water Works
and Sewer Bonds, dated May 1. 1910.
payable May I. 1940:
(5> $32,000 t?'Wa.er and Sewer
Refunding Gold Band ? dated April
1. 1930. payable serially, on April 1st
in each year as follows: $2.000 in
each of the years 193fi to 1948. in
clusive. and $3.000 in each of the
years 1949 and 1950;
(6> $6.000 6', Street Bonds, dated
May 1. 1925. payable serially on
May 1st in each year as follows:
$1,000 in eacli of the years 1939.
1941. 1942 md 1944. and $2.000 n
1945:
<7> $19.000 5, Water Works
and Sewer Bonds, dated May 1. 1909.
payable May 1. 1939:
(B> $32.000 6';; Street Bonds, dat
ed June 1. 1922. payable June 1.
1952;
<9> $22,000 6 % Water Bonds,
dated De<Jember 1. 1925. payable
serially, on December 1st in each
year. as follows: $1,000 in each of
the years 1938, 1939, and 1948 to
1963. inclusive, and $2,000 in each
of the years 1964 and 1965:
and that said bonds were duly issued
pursuant to law and that no part
of the principal of any of said bonds
has ueen paid and that interest in
the amount of $61.178, which had
accrued on said bonds on the 1st
day of July. 1940, has not been paid
and is now owing, and that said
bonds are now legal and binding
obligations of said Town, and that
it is necessary to refund such prin
cipal and to fund such interest, as
hereinafter provided.
Section 2. Por the purpose of re
funding the principal amount of the
debt evidenced by said bonds, there
shall be issued, pursuant to the
Municipal Finance Act. 1921. of 1
North Carolina, as amended, bonds !
of said Town of Murphy of the 1
aggregate principal amount of $197,
000. to be designated "General Re
funding Bonds." For the purpose of
funding said unpaid interest, there
shall be issued, pursuant to said act.
bonds of said Town of Murphy of
the aggrecate principal amount of
$61,178, to be designated Interest
Funding Bonds. Series A."
Section 3. No bonds shall be issued
pursuant, to this ordinance unless the
debt to be refunded cr funded by the
issuance of >uch bonds Is cancelled
simultaneously with the issuance of
such bonds.
Section 4. A statement of the
debt of ',;>** Town of Murphy lias ,
been filed with the Town Clerk, as I
required by .a v. and .. open to pub
lic Inspection.
Section 5 This ordinance shall |
take effect unon its passage and |
shall net be submitted to the voters ,
of the Town ot Murphy.
The foregoing ordinance w<?s pass
ed on the 13th day of February, 1941,
and was first pub'ished on the 14th
day of February, 1941.
Any action or proceeding question
ing the vaiidilj of said ordinauce
must be commenced within thirty
dsrys after its first publication.
E O CHRISTOPHER
Town Clerk of the Town
Murphy. North Carolina.
(29-2t-ch>
AN ORDINANCE AITHORIZWO
T1IE ISSl \NC? or BONDS TO
IflNU THE PRINCIPAL OP AND
INTEREST ON A S10.#00 OtT
STANDINti NOTE OF THE TOWN
OP MURPHY.
HE rr ORDAINED b..- the Board
i Commissioners of the Town o(
Murphy as follows:
Section 1. The Board of Commis
sioners of the Town of Murphy has
ascertained and determined and does
he-eby declare that said Town has
duly issued at note of the principal
amount of 510.000. payable on the
24th dav of April. 1930. and authori
zed by a resolution adopted by the
Board of Commissioners of said
Town on the 14th day of October. I
1329. .ind that said note was duly !
issued pursuant to law and that no
part of the principal of said note j
i-; been paid and that interest in j
..mount of $5.800 which had |
a. or. said ni;e on the 1st day
of Jul-, 1940 lias not been paid and
is now owing. and that said note is
now ,i legal and binding obligation
oi se.d Town, and that it i* neces
sary : i fund >uch principal and such j
interest, s ^ hereinafter provided.
Section 2. For the purpose of re- |
funding the principal amount of the '
deb' evidenced by said note, there
shall be issued, pursuant to the j
Municipal Finance Act. 1921. of
N .:!? Cirohiu. as amended, bonds,
oi said Town of Murphy of the ag
gregate principal amount of S10.000.
? > be rte i?n.?ted "Note Funding
Bonds." For the purpose of funding
said unpaid inierest. there shall be
issued, pursuant to said act. bonds
of sand Town of Murphy of the ag
gregate principal amount of $5.800.
to be designated "Interest Funding
Bonds. Series B."
Section 3 No bonds shail tf is
sued pursuant to this ordinance un
less the debt be refunded or funded
by the issuance of such bonds is
cancelled simultaneously with the
i issuance of such bonds.
Section 4. A statement of the debt
of the Town of Murphy has been,
; filed with the Town Clerk, as re
quired by larw and is open to public
inspection.
Section 5. This ordinance shal'
take effect upon its passage, and
?shall not be submitted to the voters
I of the Town of Murphy.
The foregoing ordinance was pass- ,
ed on the 13th day of February. 1941. '
and was first published on the 14th '
dary of February. 1941.
Any artion or proceeding quest- J
ioning the validity of said ordinance ?
must be commenced within thirty |
days after its first publication.
E. O. CHRISTOPHER ;
Town Clerk of the Town of ;
Murphy. North Carolina.
(29-2t-ch>
STATEMENT OF THE EXISTING '
AND PROPOSED DEBT OF THE !
TOWN OF MURPHY, NORTH
CAROLINA. MADE AND FILED i
PURSUANT TO THE MUNICIPAL
FINANCE ACT. 1921. AFTER THE
INTRODUCTION OF THE ORDIN
ANCES INTRODUCED AT A MEET
ING OF THE GOVERNING BODY
| OF THE MUNICIPALITY ON FEB
i RUARY 13th. 1941. AUTHORIZING
THE ISSUANCE OF S273.978.00 OF
i BONDS. AND BEFORE THE FINAL
! PASSAGE OF SAID ORDINANCE.
A. GROSS DEBT (not including |
! the debt incurred or to be incurred
I in anticipation of the collection of
I taxes or in anticipation of the sale
i of bonds other than funding and re
f'mding bonds), consisting of the
following items:
11 > Outstanding debt not evidenc
ed by bonds including interest to be
funded $ 76.978
?2> Outstanding bonded debts as
listed in attached "Schedule of Bond
ed Dcsts" $255,000
'3> Bonded debt to be incurred
under ordinances passed or introduc
ed. consisting of the following is
sues :
PURPOSE OF ISSUE AMOUNT
Refunding outstanding
bonds $197,000.
Refunding outstanding
nofo $10,000.
Refunding interest on outstanding
I bonds and note . $66,978.
$273,978
TOTAL GROSS DEBT. $605,956
B. DEDUCTIONS FROM OROSS
DEBT, as listed in attached "Sche
duled of Deductions" . $429,978
C NET DEBT $175.978
D. Assessed valuation of property
aus last fix?) lor municipal uixa
t ton * $1.353.655
K Percentage (hat said net debt
Urals to said assessed valuation 13*','
Dated February 13th. 1941
J 1? CJHAY
Mayor of the Town of
Murpliy. North Carolina
4CHEDUI.E OP BONDED DEBTS
Date Purpose Amount
? of Issue of Is--lU' of Issue
'5-1-09 Water Works and Sewer
$19.000
15-1-10 Water Works and Sewer
35.000
110-1-11 Water and Sewer 25.000
6-1-22 Streets 32.000
5-1-25 Streets 6.000
12-1-25 Water 22.000
I-1-27 Street Improvement 25.000
0-1-28 Water. Sewer and Streets
11.000
4-1-30 Refunding Water and Sewer
Bonds 32.000 |
II-1-19 Electric Light Bonds 9.000 j
1-15-20 Electric Light Bond-. 15.000
6-1-30 Electric Light Bonds 8 000 j
8-1-20 Electric Light Bonds 20.000 j
12-1-20 Electric Light Bonds 6.000 I
TOTAL BONDED DEBT S255.000. j
SCHEDULE OF DEDUCTIONS
11 > Unissued funding or refunding
bond-., included in the gross debt.
$273.978
(2> Sinking funds or o'her funds
held for the payment of any part of j
the gross debt other than debt in
curred for water, gas. electric light ?
or power purposes, or two or more |
of said purposes. 000 ;
?3> Uncollected special assessments .
heretofore levied on account of local I
improvements for which any part of |
the gross debt was or is to be incur
red which will be arpplied when col
lected to the payment of any part of
the gross debt. 000
<4> Uncollected special assessments
to be levied on account of local im
provements for which any part of the
gross debt was or is to be incurred
and which when collected will be ap
plied to the payment of any parrt of
the cross debt (the amount of this
item being estimated by the under
signed officer designated for that pur
pose by the governing body of the
municipality). 000
<51 Bonded debt included in the
gross debt and incurred or to be in
curred for water, gas, electric light or
power purposes, or two or more of
said purposes. 156,000
i6> Bonded debt included in the
gross debt, and incurred or to be in
curred for the construction of sewer
age systems or sewage disposal plants
said sewerage systems being entire
ly supported by sewerage sei vice
charges. 000
17 > Bonded debt included in the
gross debt and incurred or to be in
curred for the construction of sewer
age systems or sewerage disposal
plants which are operated together
with the waterworks of said muni
cipality as a combined and consoli
dated system and as an integral part
thereof, the amount necessary to
meet the annual interest payable on
such bonded debt, and the annual
installment necessary for the amorti
zation of such debt, and the amount
necessary for repairs, maintenance
and operation of said system or sys
tems being included in the rate for
waterworks service and collected by
said municipality. 000
<8> Tine amount which said muni
cipality is entitled to receive from
any railroad or street railway com
pany under contract heretofore made
for the payment by such company
of all or a portion of the cost of eli
minating a trade crossing or cros
sings with r. >;nd municipality, which
amount will be applied, when receiv
ed. to the payment of part of the
gross debt. 000
<9> Indebtedness for school pur
poses. included in the gross debt.
000 I
I TOTAL OF DEDUCTIONS. $429,978
1 o
STATE OF NORTH CAROLINA.
COUNTY OP CHEROKEE
I. J. B. Gray, being duly sworn,
says, that he is the Mayor of the
Town of Murphy in the State of
North Carolina; that by a resolution
passed by the governing body of ssrid
municipality he was authorized and
diree'ed to make the foregoing state
ment: and that the foregoing state
ment is true and was made ind sub
scribed by him arfter the introduct
ion and before the final passage of
the ordinance or ordinances refer
red to in the heading of said state
ment.
J. B OR.AY
Sworn to and subscribed before
WANT A IKS
For Rent
POH RENT: 3-room furnished Ap
artmen Steam lwat MRS. W M.
FAIN. '29-3t-ch>
! FOR R^NT Practically new 5-room
Bungalow with all modern conven
I iences. 2 blocks from Five Points.
W. W. PAIN <29-3t-Ch)
For Sale
?
FOR SALE?One 20 foot 1H inch
line shaft. Also pulleys. Can be
seen at Cherokee Scout Office.
FOR SALE: Practically new Wal
nut bed room suit. Apply Scout
Office.
Personal
A. W. FREEMAN will be in Murpnv
from February 15 to March 15 for
assisting in preparing Federal In
come Tax Returns. Have all latest
changes. Address. Davidson Build
in*. <29-4t-pd.>
WANTED: Man with car between
25 and 45 years of age to handle
1000 family rural route in Chero
kee county. Business established,
no cash investment required.
Write The J. R. WATKINS CO..
Bo>: 1975. Charlotte. N. C.
(29-2t-ch.>
MAN WANTED. Good nearby Raw
leigh Rou'e now open. If willing
to conduct Home Service business
while earning good living, write
immediately. RAWLEIOH'S Dept.
NCB-150-45-. Richmond. Va.
<29-lt-pd>
! NATIONAL DEFENSE calls for skill
ed men. Thousands of electric
welders required in this work, high
wages parid. Our six weeks course
prepares you to hold thsse jobs.
Day and night classes, skilled in
structors. Most modern equipped
school in south. Easy terms. Enroll
today. SOUTHERN WELDING
SCHOOL. 68 N. Market St., Ashe
ville, N. C. Phone 2940.
SALESMAN WANTED: Age 30-50. To
work retail trade Tip Top liiie of
peanut butter sandwiches, salted
peanuts, cakes. Goodie pies, cand
ies. Exclusive arrangements and
attractive earnings to competent
and industrious man. Reply Box
N. c-o The Cherokee Scout.
(28-2t>
WANTED: Middle-Aged woman for
general house work and to help with
children. Please write Mrs. Austin
Arrant. Murphy. N. C. >29-lt-ch)
me on the day of the date of said
statement
i N. P.) L. E. BAYLESS
? SEAL) Notary Public
My commission expires the 21st
day of May, 1942.
STATE OF NORTH CAROLINA.
COUNTY OF CHEROKEE
I. the undersigned E. O. CHRIST
OPHER. Town Clerk of the Town of
Murphy, in the State of North Caro
lina DO HEREBY CERTIFY that
the foregoing statement and accom
panying affidavit were filed in my
office on the day of the date of said
statement, after the introduction and
before '.he final passage of the or
dinance or ordinances referred to in
the heading of said statement.
IN WITNESS WHEREOF. I have
hereunto set my hand atid affixed
the seal of said municipality, this
13th day of February. 1941.
E. O CHRISTOPHER
<28-2t-ch>
WANT TO EXCHANGE lajf
Chrysler Sedan with radio and
heater, will exchange for
place in country. Apply TOTHE
ROW AUTO PARTS. Murphy. N
C. <29-3t-pd
MAKE FEEDS OO Vi PARTHOt
Orind your home grown grains
roughages with "JAY BEE" *u
steel swing hammer mill. Big
Capacity. Low power needed. Pra
c.cally indestructible. World's st
andard grinder (or capacity. ?eo.
no my. durability. Governor con
trolled mixer-feeder (optional,
extra cost). Operates with any
farm tractor. Sizes?style for every
grinding requirement. New and
used mills, priced right. Batch
mixers, molasses mixers, corn
crackers, grist mills. Write qulfck
for full details, terms. P. F. HER
MAN. P. O. BOX 504. NORTH
WILKESBORO. N. C. <3IMt-pd>
OUTSTANDING POULTRY
BREEDERS PLAY IMPORTANT
PART IN BRASSTOWN
HATCHERLY
Yes. friends, such outstanding
breed*:-? as Wilcox. Haun. and Post
er do play an important part in the
Brasstown Hatchery, for from these
men come eggs and breeding stock
which we can pass on to you through
our baby chicks. You therefore get
chicks fro mbirds that have proven
they can and do live and produce
profitably over a period of years
The Brasstown Hatchery is a local
hartchery. thus making it passible
for the poultrymen of this section
to pick their chicks up at the hat
chery or if they are shipped by mail,
they will not be in the mail more
than a few hours, which assures 70?
of receiving strong, vigorous chicks.
Barred Rocks. New Hampshire?.
White Leghorns?$8.50 per hundred
P. O. B. Brasstown.
BRASSTOWN HATCHERY
Owen Comwell. Manager
Brasstown. North Carolina
Classified Display
Protect Your Loved
Ones With A
QUINN * HUMPHREY
Matul Burial Certificate
Only Costs 25c to Join
Quinn & Humphrey
Matval Burial Association
Copperhill, Tenia.
DR. E. L. HOLT
Dentist - X-ray Specialist
Hill-Parker Bldg
Murphy, N. C.
Dr. L. T. Russell
DENTIST
X-Ray Service
Phone 42: Sunday St Night: 1M
Murphy, N. C
SANDWICHES?MEALS
A SECOND CUP OF COFFEE FREE
Beer Wine Smokes Music
Good Food?Fine Cooking?Smiling Service.
Meet And Eat At?
BARNEY'S
CHAT AND NIBBLE