Newspapers / The Franklin Press and … / Dec. 20, 1934, edition 1 / Page 4
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PAGE FOUR LEGAL ADVERTISING BOND ORDINANCE FOR THE ISSUANCE OF $75,500.00 WATER IMPROVEMENT BONDS Whereas, the needs of this Town require that there be installed a new water system, together with filtering plant, supply mains and ex tensions to water mains in the Town of Franklin; and whereas, the Board of Aldermen of said Town of Franklin have estimated the oost of said proposed water system, filtering plant, supply mains and extensions to water mains, and find that said water system, filter ing plant, supply mains and e? ' n sions to Water mains will co in the aggregate not less than $75, 500.00; And whereas, a statement of the debts and assessed value of the taxable property of the municipal ity has been this day presented to the Board of Aldermen and filed with the Clerk of this Town, and is open to inspection; and whereas, the assessed value of property" within the corporate limits of the Town of Franklin as last fixed for municipal taxation is $1,006,481.00; and whereas, the net outstanding debt of said Town of Franklin is $35,000.00; and whereas, the per centage that the net debt bears to the net assessed valuation is 035271. NOWf THEREFORE, be it or dained by the Board of Aldermen of the Town of Franklin : Section One: That there be is sued by the Town of Franklin not more than $75,500.00 water improve ment bonds, bearing interest not to exceed 6 per annum, for the pur pose of paying for the water sys tem, filtering plant, supply mains and extensions to water mains for the Town of Franklin, said bonds shall be issued at such time or times as the Board of Aldermen of said Town may direct by resolution within three years after this ordi nance takes effect. The time and place of payment, rate of interest and other details in connection with their issuance not inconsistent with this ordinance, shall be provided by the Board of Aldermen by resolu tions adopted prior to the issuance of said bonds, provided said bonds shall mature and be made payable, the first not more than three years after the date of first bonds is sued, the last of which shall mature and be made payable not more than forty years from the date of the first issued bonds, and no such installment or series shall be more than 2y2 times the smallest prior installment or series. Section Two: That the maximum aggregate principal of said bonds, as hereinbefore stated, shall be $75,500.00. Section Three: That a tax suf ficient to pay the principal and in terest of said bonds shall be an nually levied and collected. Section Four: That a statement of the debts of the municipality has been filed with the Clerk of the Town of Franklin and is open for public inspection. Section Five: That this ordinance shall take effect when approved by the voters of the municipality at an election as provided by law. Section Six: This ordinance shall be published once in each of two successive weeks after its final pas , sage, in the Franklin Press, a weekly newspaper published In said Town of Franklin. A notice shall be published with the ordinance in the form prescribed by Section 2944 of the Consolidated Statutes, with the printed signature of the Clerk appended thereto, stating the date the ordinance was passed, and the date the same was first pub lished, and further stating that any action or proceeding question ing the validity of said ordinance must be commenced within thirty davs after its first publication. The foregoing ordinance was passed on the 11th day of Decem ber, 1934, and was first published on the 13th day of December, 1934. Any action or proceeding ques tioning the validity of said ordi nance must be commenced within thirty days after its first publica tion. GEO. DEAN, Town Clerk Franklin, North Carolina. D13 2tc-TofF D20 BOND ORDINANCE FOR THE ISSUANCE OF $15,500.00 SEWER IMPROVEMENT BONDS Whereas, the needs of this Town require that there be installed ex tensions to the sewer lines and also a sewage disposal plant in the Town of Franklin; and whereas, the Board of Aldermen of said Town of Franklin have estimated LEGAL ADVERTISING the cost of said proposed sewer extensions and sewage disposal plant, and find that said sewer extensions and sewage disposal plant will cost in the 1 aggregate not less than $15,500.00; And whereas, a statement of the debts and assessed value of the taxable property of the municipal ity has been this day presented to the Board of Aldermen and filed with the Clerk of this Town, and is open to inspection; and where as, the assessed value of property within the corporate limits of the Town of Franklin as last fixed for municipal taxation is $1,006,481.00; and whereas, the net outstanding debt of said Town of Franklin is $35,500.00; and whereas, the per centage that the net debt bears to the net assessed valuation is $.035271. NOW, THEREFORE, be it or dained by the Board of Aldermen of the Town of Franklin: Section One : That there be , is sued by the Town of Franklin not more than $15,500.00 sewer improve ment bonds, bearing interest not to exceed 6 per annum, for the purpose of paying for the exten sion of sewer lines and the instal lation of a sewage disposal plant Tor the Town of Franklin, said bonds shall be issued at such time or times as the Board of Alder men of said Town may direct by resolution within three years after this ordinance takes effect. The time and place of payment, rate of interest and other details in con nection with their issuance not in consistent with this ordinance, shall be provided by the Board of Al dermen, by resolutions adopted prior to the issuance of said bonds, pro vided said bonds shall mature and be made payable, the first not more than three years after the date of first bonds issued, the last of which shall mature and be made payable not more than forty years from the date of the first issued bonds, and no such installment or series shall be more than 2l2 times the smallest prior installment or series. , Section Two: That the maximun aggregate principal of said bonds as hereinbefore stated, shall b $15,500.00. Section Three: That a tax suf ficient to pay the principal and in terest of said bonds shall be an nually levied and collected. Section Four: That a statemen of the debts of the municipality has been filed with the Clerk of the Town of Franklin and is open for public inspection. Section Five: That this ordinanc shall take effect when approved by the voters of the municipality at an election as provided by law Section Six: This ordinance shal be published once in each of tw successive weeks after its fina passage, in the Franklin Press, weekly newspaper published in sai Town of Franklin. A notice shall be published with the ordinance in the form prescribed by Section 2944 of the Consolidated Statutes, with the printed signature of the Clerk appended thereto, stating the date the ordinance was passed, and the date the same was first pub lished, and further stating that any action or proceeding question ing the validity of said ordinance must be commenced within thirty days after its first publication. The foregoing ordinance was passed on the 11th day of Decem ber, 1934, and was first published on the 13th day of December, 1934 Any action or proceeding ques tioning the validity of said ordi nance must be commenced within thirty days after its first publica tion. GEO. DEAN, Town Clerk Franklin, North Carolina. D13-2tc TofF-D20 NOTICE OF EXECUTION SALE North Carolina, Macon County. J. I. L. Counsell, vs W. L,. McCoy By virtue of an execution di rected to the undersigned from the Superior Court of Macon County, in the above entitled action. I will. on MONDAY, the 7th day of January, 1935, at 12:00 Noon, at the South Courthouse door of said County, in Franklin, N. C, sell to the highest bidder for cash, to sat isfy said execution, all the right, title and interest, which the said W. L. McCoy, the defendant, has in the following real estate, lying and being on the Southside of Mam Street in the Town of Frank tin, N. G: THE FRANKLIN PRESS and THE HIGHLANDS LEGAL ADVERTISING Beginning on the Northwest corn er of the H. H. Jarrett Hotel Lot, in the South boundary line of Main Street, and runs Westward, with the said line of Main Street to the Northeast corner of the Effie Love Powers Store House lot; thence, with the East boundary line of the Effie Love Powers Store house, southward to the South East corn er of the Effie Love Powers Store house lot, thence in an Eastern direction, parallel with the said South Boundary line of Main street to a stake in the West Boundary line of the H. H. Jarrett Hotel lot ; thence Northward with the West Boundary line of the H. H. Jarrett Hotel lot to the beginning corner, the said iot being known as the Potts lot. This the 7th da of December. 1934. A B. SLAGLE, Sheriff of Macon County D13-tc Mc J3 EXECUTION NOTICE OF SALE North Carolina, Macon County. Lynchburg Shoe Co. vs J. L. Sanders By virtue of an execution direct ed to the undersigned from the Superior Court of Macon County t the above entitled action, I will, or Monday, the 7th day ot January 1935, at 12:00 o'clock noon, at th Courthouse door of said County sell to the' highest bidder for cash to satisfy said execution, all the right, title, and interest which the said J. L. Sanders, defendant, has in the following described lands: The Bingham place, containing acres with a small dwelling on it and a small place adjoining th Bingham place and beginning a the Ford of the Creek near Walnut Tree and runs up the creel in a Northerly direction so as tt include two acres on the East sid of the school building. This 12th day of December, 1934 A. B. SLAGLE, Sheriff D13 4tc ABS J3 NOTICE OF EXECUTION SALB North Carolina, Macon County. J. J. McDonald vs W. L. McCoy J. B. Justice, Administrator of the Estate of Perrv Hyatt, deceased, and the Bank of Franklin vs W. L. McCoy. Ada McCoy, J. Frank Ray, Trustee, and Ada Mc Coy Holding Corporation By virtue of a writ of venditioni exponas directed to the undersign ed from the Superior Court of Ma con County in the above entitled action, I will, on Monday, the 7th day of January, 1935, at 12:00 o'clock noon at the Court house door of said County, sell to the highest bidder to satisfy said execution, all the right, title and interest which the said W. L. McCoy, Ada McCoy, J. Frank Ray, Trustee, and Ada McCoy Holding Corporation, defendants, have in the following described real estate: The brick building on Main Street, in Franklin, adjoining the Franklin Hotel on the East; the property of W. L. McCoy and Porter and Higdon on the South; the old Love brick store building on the West, and Main Street on the North, said building being sit uated on the property purchased from W. L. Higdon, et al. All bids must be accompanied by cash at the time of sale. This the 20th day of November, 1934. A. B. SLAGLE, Sheriff rrf Macon County. D13-tc-J&J-T3 NOTICE OF SALE North Carolina, Macon County. WHEREAS, power of sale was vested in the undersigned Trustee by deed of" trust executed by W. L. McCoy, dated April 8. 1920. and registered in the Office of the Register of Deeds for Macon County in Book of Mortgages and Deeds of Trust No. 24, page 594; and default having been made in the payment of the indebtedness secured therebv. and the holder of the notes having demanded that the undersigned Trustee exercise the power of sale in him vested; I will, therefore, bv virtue of the power of sale in said deed of trust in me vested, on Monday, the 7th day of January. 1935, at 12:00 o'clock noon sell at the Court House door in Franklin, North Carolina, at public auction to the MACON IAN LEGAL ADVERTISING highest bidder the followisg de scribed property: All that tract, piece or lot of land situated, lying and being in the Town of Franklin, in Macon County, North Carolina, and known as the Hotel Jarrett Lot and bounded on the North by Main Street and the lot of W. H. Hig gins; and on the East by the lots of W. H. Higgins and of Jos. Ashear; and on the South by Palmer Street, and on the West by -the lots of Porter and Higdon and of Porter, Higdon and Horn, the same being all that portion of the lands described in a deed from R. H. Jarrett and N. C. Jarrett, his wife, and R. F. Jarrett and Sarah C. Jarrett, his wife, to said H. H. Jarrett, dated July 16, 1906, and recorded in the office of the Register of Deeds for Macon Coun ty in Book "WW," page 521, of which said H. H. Jarrett died seized and possessed, said lot be ing the one on which the said Hotel Jarrett stands, and more fully bounded and described in certain deeds, one from the heirs at law of said H. H. Jarrett to said W. L. McCoy and one from Minnie B. Jarrett, Gdn. of Annie Tarrett, to said W. L. McCoy. This the 6th day of December, 1934. HENRY G. ROBERTSON, Trustee. 013 4tc J&J J3 NOTICE OF SALE North Carolina, Macon County. Whereas, power of sale was ested in the undersigned Trustee by deed of trust from W. L. Hig don and wife, Mary Higdon, to R. S. Jones, Trustee, dated Jan uary 29th, 1932, and registered in the office of the Register of Deeds for Macon County, in Book of Mortgages and Deeds of Trust No 32, ah page 363, to secure the pay ment of certain indebtedness as in said deed of trust set forth; and whereas, default has been made in 'he payment of the indebtedness in "aid deed of trust set forth, and 'he holders of said notes nave re quested the undersigned trustee to exercise the power vested in him hy said deed of trust. T will, therefore, by virtue of the power of sale by said deed of mist in me vested, on Monday, the 7th day of January, 1935, at 12:00 'clock noon, sell at the Court house door in Franklin, North Carolina, at public auction to the highest bidder for cash, the follow ing described property:. Beginning at a stake at Main Street in the Town of Franklin, North Carolina, 84 feet from the S. E. corner of the Robertson lot, runs N 20 W 407 feet to a stake near the branch; then N 70 E 12 feet crossing the branch at a stake; hen N 20 W 133 feet to a stake; hen 70 E 72 feet to the old K. Klias line; then with said line S 0 E 541 feet to the corner of the F. Angel property on Main Street;) then with Main Street S 70 W 84 feet to the beginning, containing one acre more or less. This the 6th day of December, 1934. R. S. TONES, Trustee. D13-tc-J&J-J3 NOTICE OF SALE North Carolina, M-nom County. Whereas, power of sale was "ested in the undersigned Trustee bv deed of trust from Green Cal Wav to Geo. B. Patton, Trustee, 'lated 9th day of July, 1929. and -ojristered in the office of the Register of Deeds for Macon rounty. in Book of Mortgages and Heeds of Trust No. 31, page 197, n secure the payment of certain :ndebtedness as in said deed of trust set forth; and whereas, de fault has been made in the pay ment of the indebtedness in said deed of trust set forth, and the holders of said notes having re quested the undersigned trustee to exercise the power vested in him hy said deed of trust, T will, therefore, bv virtue of the nower of sale by said deed of rust in me vested, on Monday, the 7th day of January, 1935, at 12 nck, noon, sell at the Court Wise door in Franklin, North Carolina, at public auction to the Whest bidder for cash, the fol lowing described property: A certain tract or parcel of t"jd. situate in Franklin Township, Macon County. North Carolina, and 'Ipsrribed as follows: Adioinijthe lands of Joe Mc Gaha, Lake fcmory and others and known as My Home Place, and in- THURSDAY, DEC. 2ft 1134 LEGAL ADVERTISING eludes all the land I own in Ma con County, North Carolina. This the 6th day of December, 1934. GEO. B. PATTON; Trustee. D13-4tc-J&J-J3 NOTICE OF SALE North Carolina, Macon County. Whereas, power of sale was vest ed in the undersigned Trustee by deed of trust from H. W. Cabe and wife, Lillian Cabe, to C. A. Cabe, dated May 21, 1932, and registered in the office of the Register of Deeds for Macon County, in Book of Mortgages and Deeds of Trust No. 32, page 408, to secure the payment of certain indebtedness as in said deed of trust set forth; and whereas, default has been made in the payment of the indebtedness in said deed of trust set forth, and the holder of said notes has re quested the undersigned trustee to exercise the power vested in him by said deed of trust. I will, therefore, by virtue of the power of sale by said deed of trust in me vested, on Monday, the 7th day of January, 1935, at 12:00 o'clock, noon, sell at the Court house door in Franklin, North Carolina, at public auction to the highest bidder for cash, the fol lowing described property: Known as Henry Cabe's Home Place on which he now lives, con sisting of three tracts, one pur chased from W. T. Moore, one from T. W. Angel and one from J. E." Lancaster. On Riverview Street in the Town of Franklin. This the 6th day of December, 1934. GILMER A. JONES, Trustee. Di3-4tc-J&J-J3 NOTICE OF SALE North Carolina, Macon County. Whereas, power of sale was vest ed in the undersigned Trustee ,by deed of trust from E. A Vanhook and wife, Lizzie Vanhook, to C. W. Vanhook, E. A. Vanhook and r,am L. Franks, dated December 10, 1931, and registered in the of fice -of the Register of Deeds for Macon County, in Book of Mort gages and Deeds of Trust No. 32, page 336, to secure the payment of certain indebtedness as in said deed of trust set forth ; and -whereas, default has been made in the payment of the indebtedness in said deed of trust set forth, and the holder of said notes has requested the undersigned trustee to exercise the power vested in him by said deed of trust I will, therefore, by virtue of the power of sale by said deed of trust in me vested, on Monday, the 7th day of January, 1935, at 12:00 o'clock, noon, sell at the Court house door in Franklin, North Carolina, at public auction to the highest bidder for cash, the fol lowing described orooertv: Beginning on a hickory stump or stone in C. W. Vanhook's line, runs thence West with J. R. Van hook's line, 26 poles to a stake in said line; thence N 24 1-2 W 37 poles to a pine near top of ridge; thence N 10 W 17 poles to a Chinquepin; thence N 6 W 34 poles to a chestnut; thence N 28 W 14 poles to a chestnut in J. R. Vanhook's line at rock cliff; thence E with said line 48 poles to a stake, an old corner; thence S with said line 90 poles to the Be ginning. Containing 15 acres, more or less. Also a tract of part of Section No. 11, 188 in Dist. No. 13, bound ed as follows: Beginning at a chestnut near the top of the moun tain above John Cabe's and runs North 52 poles to a white oak; then East 91 poles to a chestnut oak; then with the top of the mountain to the Beginning. This the 6th day of December, 1934. GILMER A. JONES, Trustee. D13 4tc J&JJ3 ADMINISTRATRIX NOTICE Having qualified as administra trix of W. A. Gregory, deceased, late of Macon County, N. C, this is to notifv all finrcno iw...:.. claims against the estate of said deceased to exhibit them to the un dersigned on or before the 16th day of November, 1935 or this notice will be plead in bar of their recovery. AH persons indebted to said estate will please make im mediate settlement. This 16th day of November, 1934. MRS. F. R. GREGORY, Administratrix. N22-otp D27 0
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Dec. 20, 1934, edition 1
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