NOTICE
EXTRACTS FROM MINUTES
OF BOARD OF ALDERMEN
AN ORDINANCE AUTHORIZ
ING THE ISSUANCE OF $18,
000 OF BONDS OF THE TOWN
OF SPENCER TO REFUND
OUTSTANDING BONDS.
_
BE IT ORDAINED, by the
Board of Aldermen of the Town
of Spencer, as follows:
Section 1. That Board of Aider
men of the Town of Spencer has
ascertained and determined, and
does hereby declare, that the fol
lowing bonds of said Town have
heretofore been issued by said
Town and are now outstanding,
viz.: $18,000 School Bonds, dated
June 1, 1926, payable, three $1,
000 bonds on June 1st in each of
the years 1933 to 1938, inclusive,
and bearing interest at the rate of
five and one-quarter per centum
($ 1-4%) per annum, payable
semi-annually, and that said bonds
were issued on or about their re
spective dates, and that said Town
received in payment therefor not
less than the face amount %f said
bonds, and that all sums received
in payment for said bonds have
been applied to the payment of the
cost of constructing, reconstruct
ing, altering or enlarging school
buildings, or acquiring for improv
ing lands for school purposes, and
that no part of the principal of any
of said bonds has been paid, and
that alj of said bonds are valid and
binding obligations of said Town.
Section 2. For the purpose of
refunding the debt evidenced by
said bonds, there shall be issued, 1
pursuant to The Municipal Finance !
Act, 1921, of North Carolina, as *
amended, bonds of the Town 'of J
Spencer of an aggragate principal ‘
amount which shall not exceed "
Eighteen Thousand Dollars ($18,- a
000). 1
Section j. In any case where the
debt evidenced by any of said out
standing bonds is not payable at
the time of the passage k>f this or
dinance, or will not be payable
within one year thereafter, no
bonds shall be issued pursuant to
this ordinance to refund said debt
unless said debt is cancelled sim
ultaneously with the issuance of
the bonds issued pursuant to this
ordinance to refund said debt.
Section 4. A statement of the
debt of the Town of Spencer has
been filed with the Town Clerk as
required by law, and is open to
public inspection.
Section 5. This ordinance shall
take effect upon its passage, and
shall not be submitted tb the voters
of the Town of Spencer.”
The foregoing ordinance was
passed on the 10th day June, 1936,
and was first published on the 19th
day of June, 1936.
Any action or proceeding ques
tioning the validity of said ordin
ance must be commenced within
thirty days after its first publica
tion.
C. P. HUFFINES,
Clerk of the Town of Spencer,
North Carolina.
"AN ORDINANCE AUTHOR
IZING THE ISSUANCE OF $39,
000 OF BONDS OF THE TOWN
OF SPENCER TO REFUND
OUTSTANDING BONDS.
BE IT ORDAINED, by the
Board of Aldermen of the Town of
Spencer, as follows:
Section 1. The Board of Aider
men of the Town of Spencer has
ascertained and determined, and
does hereby declare that the fol
lowing bonds of said Town have
heretofore been issued by said Town
and are now outstanding, viz.:
(1) $32,000 Street Improve
ment Bonds, dated July 1, 1923,
payable, eight $1,000 bonds Ion
July 1st in each of the years 1934
to 1937, inclusive, and bearing in
terest at the rate <of six per centum
(6%) per annum, payable semi
annually; and
(2) $7,000 Street Improvement
Bonds, dated February 1, 1925
payable, two $1,000 bonds on Feb
ruary 1st in each of the years 1934
to 193 6, inclusive, and one $1,000
bond on February 1, 1937, anc
bearing interest at the rate of sis
per centum (6%) per annum
payable semi-annually; and that
said bonds were issued on or about
their respective dates and that saic
■Town received in payment there
for not less than the face amount
of said bonds, and that all sums re
ceived in payment for said bond:
have been applied to the payment
of the cost <of improving streets in
said Town, and that no part of the
principal of any of said bonds ha:
been paid, and that all of said bbnd:
are valid and binding Obligations of
said Town.
Section 2. For the purpose of
Golden Gate Bridge Towers
Support Longest Span
Two 748 Feet High Tower# of Largest Suspension Bridge In World Are
4200 Feet Apart.
WORK on the main span of the!
Golden Gate Bridge, the larg
est suspension bridge In the world,
will soon be started by the Beth
lehem Steel Company which re
cently completed erection of the
two great towei’3 for the bridge. The
towers are 4200 feet apart as com
pared with the 3500 feet distance
between rowers of the George
Washington Bridge across the Hud
son River between New York City
end New Jersey.
These towers are each 746 feet
In height, and for their c;r::ruc
f'on 41,000 tons of steel was re
quired. When the entire job is com
pleted in the spring of 1937, the
towers and main span will have
called for 70,000 tons of steel, with
the grand total including cable
work and approaches exceeding
100,000 tons.
The height of the towers is about
the same as that of a sixty-flve
story building, and a large ocean
going steamboat will have more
than 200 feet clearance when pass-1
ing under the great span.
The bridge will have a six-lane
automobile deck and two pedes
trian walks. Tha bridge is being
built and administered by t’-,j
Golden Gate Driuge and Highway
District.
refunding the debt evidenced by
said bonds, there shall be issued,
pursuant to The Municipal Finance
Act, 1921, of North Carolina, as
amended, bonds of the Town of
Spencer of an aggregate principal
amount which shall not exceed
thirty-nine Thousand Dollars
($3;,000).
Section 3. In any case where the
debt evidenced by any of said
outstanding bonds is not payable at
the time of the passage of this or
dinance, or will not be payable
within one year thereafter, no
bonds shall be issued pursuant to
this ordinance tb refund said debt
unless said debt is cancelled simult
aneously with the issuance of the
bonds issued pursuant to this ordi
nance to refund said debt.
Section 4. A statement of the
debt of the Town of Spencer has
been filed with the Town Clerk as
required by law, and is open tto
public inspection.
Section 5. This ordinance shall
take effect upon its passage, and
shall not be submitted to the voters
of the Town of Spencer.”
The foregoing ordinance was
passed on the 10th day of June,
1936, and was first published on
the 19th day of June, 193 6.
Any action or proceeding ques
tioning the validity of said ordin
ance must be commenced within
thirty days after its first publica
tion.
C. P. HUFFINES,
Clerk of the Town of Spencer,
North Carolina.
"AN ORDINANCE AUTHOR
IZING THE ISSUANCE OF $30,
000 OF BONDS OF THE TOWN
OF SPENCER TO REFUND
OUTSTANDING BONDS.
BE IT. ORDAINED, by the
Board of Aldermen of the Town of
Spencer, as follows:
Section 1. The Board of Aider
men of the Town of Spencer has
ascertained and determined, and
dfces hereby declare, that the fol
lowing bonds of said Town have
heretofore been issued by said Town
and are now outstanding, viz.:
$30,000 Street, Water and Sewer
Bonds, dated December 1, 1925,
payable, six $1,000 bonds on De
cember 1st in each of the years
| 1933 to 1937, inclusive, and bear
ling interest at the rate of five and
one-half per centum (5 Vz % ) per
annum, payable semi-annually, and
that said bonds were issued on or
about their respective dates, and
that said Town received i'l pay
ment therefor not less than the
face amount of said bonds, and that
all sums received in payment for
said bonds have been applied to the
cost of enlarging or extending the
sewer system of said Town, or en
larging the water system of said
Town, or improving streets in said
Town, and that no part of the
principal of any of said bonds has
been paid, and that all of said
bonds are valid and binding obliga
tions k>f said Town.
Section 2. For the purpose of
refunding the debt evidenced by
said bonds, there shall be issued,
.pursuant to The Municipal Finance
| Act, 1921, of North Carolina, as
.amended, bbnds of the Town of
Spencer of an aggregate principal
amount which shaljl not exceed
Thirty Thousand Dollars ($30,
000).
Section 3. In any case where
the debt evidenced by any of said
outstanding bonds is not payable
at the time of the passage of this
ordinance, or will nfct be payable
within one year thereafter, no bonds
shall be issued pursuant to this or
dinance to refund said debt unless
said debt is cancelled simultaneous
ly with the issuance of the bonds
issued pursuant to this ordinance
to refund said debt.
Sectfon 4. A statement of the j
debt of the Town of Spencer has j
been filed with the Town Clerk as j
required by law, and is open to
public inspection.
Section 5. This ordinance shall1
take effect upon its passage, and
shall not be subbmitted to the vot
ers of the Town of Spencer.”
The foregoing ordinance was
passed on the 10th day of June,
1936, and was first published on
the 19th day of June, 1936.
Any action or proceeding quest
ioning the validity of said ordin
ance must be commenced within
thirty days after its first publica
tion.
C. P. HUFFINES,
Clerk of the Town of Spencer,
North Carolina.
"AN ORDINANCE AUTHOR
IZING THE ISSUANCE OF
$27,0Q0 OF BONDS OF THE
TOWN OF SPENCER TO RE-;
FUND OUTSTANDING BONDS, j
BE IT ORDAINED, by the
Board of Aldermen of the Town of
Spencer, as follows:
Section 1. The Bbard of Alder-:
men of the Town of Spencer has
ascertained and determined, and
does hereby declare, that the fol
lowing bonds of the Town have
heretofore been issued by said
Town and are now butstanding,
viz.: $27,000 Public Improvement
Bonds, dated September 1, 1926,
payable, one $1,000 bond on Sep
tember 1, 1932, seven $1,000
bonds on September 1, 1934, five
. $1,000 bonds on September 1, 1935,
and seven $1,000 bonds on Sep
tember 1st in each of the years
1936 and 1937, and bearing inter
1 est at the rate of six per centum
;(6%) per annum, payable semi
j annually, and that said bonds were
| issued on or about their respective
I dates, and that said Town received
in payment therefor not less than
the face amount of said bonds, and
j that all sums received in payment
! for said bonds have been applied to
! the payment of the cost of enlarg
ing or extending the sewer system
of said Town, or enlarging the
water supply system of said Town,
or improving streets in said Town,
and that no part of the principal
! of any of said bbnds has been paid,
1 and that all of said bonds are valid
; and binding obligations of said
Town.
Section 2. For the purpose of
refunding the debt evidenced by
said bonds, there shall be issued,
pursuant to The Municipal Finance
Act, 1921, k>f North Carolina, as
1 amended, bonds of the Town of
Spencer of an aggregate principal
[amount which shall not exceed
| Twenty-seven Thousand Dollars
| ($27,000).
j Section }. In any case where
the debt evidenced by any of said
outstanding bonds is not payable
at the time bf the passage of this
ordinance, or' will not be payable
within one year thereafter, no
bonds shall be issued pursuant to
this ordinance to refund said debt
unless said debt is cancelled simul
taneously with the issuance of the
bonds issued pursuant to this ordin
ance tb refund said debt.
Section 4. A statement of the
debt of the Town of Spencer has
been filed whli the Town Clerk as
required by law, and is open to
public inspection.
Section $. This ordinance shall
take effect upon its passage, and
shall not be submitted to the voters
of the Town of Spencer.”
The foregoing ordinance was
passed on the 10th day of June,
1936, and was first published on
the 19th day of June, 1936.
Any action or proceeding ques
tioning the validity of said ordin
ance must be commenced within
thirty days after its first publica
tion.
C. P. HUFFINES,
^lerK oi the lown oi bpencer,
North Carolina.
"AN ORDINANCE AUTHOR
IZING THE ISSUANCE OF $61,
000 OF BONDS OF THE TOWN
OF SPENCER TO REFUND
OUTSTANDING BONDS.
BE IT ORDAINED, by the
Board of Aldermen of the Town of
Spencer, as follows:
Section 1. The Board of Alder-:
men of the Town of Spencer has I
ascertained and determined, andj
does hereby declare, that the fol-j
lowing bonds <of said Town have,
heretofore been issued by said Town
and are now outstanding, viz.:
(1) $32,000 General Municipal
Bonds, dated July 1, 1907, payable:
July 1, 1937, and bearing interest
at the rate of five per centum:
(5%) per annum, payable semi-;
annually; and 1
(2) $29,000 General Municipal
Bonds, dated April 2, 1906, payable
April 2, 1936, and bearing inter
est at the rate of five per centum
(5%) per annum, payable semi
annually; and that said bonds were
issued on or about their respective
dates and that said Town received
in payment therefor not less than
the face amount of said bonds, and
that all sums received in payment
rfor said bonds have been applied
]to the payment of the cost of
building a school house, or con
structing sewers, or paving streets
in said Town, aitd that no part of
the principal of any of said bonds
has been paid, and that all of said
bonds are valid and binding obli
gations of said Town.
Section 2. Ffcr the purpose of
refunding the debt evidenced by
said bonds, there shall be issued,
pursuant to The Municipal Finance
Act, 1921, of North Carolina, as
amended^ bonds of the Town of
Spencer of an aggregate principal
amount which shall not exceed
Sixty-one Thousand Dollars ($61,
000).
section in any case where
the debt evidenced by any of said
outstanding bonds is not payable'
at the time of the passage of thisj
ordinance, or will not be payable!
within one year thereafter, no
bonds shall be issued pursuant do
this ordinance to refund said debt
unless said debt is cancelled sim
ultaneously with the issuance of the
bonds issued pursuant to this ordi- ,
nance to refund said debt.
Section 4. A statement of the!
debt of the Town of Spencer has;
been filed with the Tbwn Clerk as'
required by law, and is open to
public inspection.
Section 5. This ordinance shall
take effect upon its passage, and
shall not be subbmitted to the vot-i
ers of the Town of Spencer.”
The foregoing ordinance was
passed on the 10th day of June,
1936, and was first published on
the 19th day of June, 1936:
Any action or proceeding ques-|
tibning the validity of said ordin-j
ance must be commenced within
thirty days after its first publi
cation.
C. P. HUFFINES,
Clerk of the Town of Spencer,
North Carolina.
June 19—26.
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SPECIALS
FOR THIS WEEK-END I
10 lbs New Potatoes 38c
^'"Bananas, 5 lbs. 25c
I 8-lb Carton Vege- ¥ 1 QQ
| table or Jewel Li3.rCl . OZJC
ReNd°pfttedns Cherries . 25c
L‘xb Vanila Wafers . 15c
Chocolate Syrup .10c !
3 cans No. 2 OC.
i Yellow L/Orn . Zoc
No:ar Kraut . . 25c
1 lb. can Meat Loaf . 1 Oc
>
3 cans Mackerel . 25c
2 lb jar Peanut Butter . 25c
2 lb box Excell Crackers . 17c
1-4 lb Lipton’s tea, glass free 24c
3 cans Sweet Peas . 25c
Qt. Jar Salad King Dressing . 23c
10 lb bag Corn Meal . 22c
I 6 cans Armour’s Potted Meat 24c
i-'=/; i- i
Lrgaiud Fin Croakers 25c
Silver Peaches . 25c
Mnler'j Corn Flakes . 20c
25 lb. bag Sugar . $1.28
10 lb. bag Sugar . 52c
piilHpT8 Pork & Beans 13c
no!T Tomatoes . 25c
virnaLibby’8 Sausage . 24c
Heavy Thick Fat Back, lb 12c
6 boxes American Ace Matches 20c
2 lb can Bli s Cocoa . 15c
6 lbs White Beans . 25c
5 lbs Pinto Beans . 25c
38 oz. Jar Apple Butter . 19c
Jello Ice Cream Powders, 3 for 25c
4 boxes 5c Table Salt . 10c
2 cans Libby’s Finest Corn . 29c
Super Suds, 3 packages . 24c
I QUART JAR SALAD KING SANDWICH SPREAD . . 23c I
I Cash Grocery Store I
I We Deliver Phone I22-W I
I L. C. Pirie, Owner, China Grove, N. G I