Excerpt from Private Laws of the State of North Carolina Passed by the General Assembly at Its Session of 1915: Begun and Held in the City of Raleigh on Wednesday, the Sixth Day of January, A. D. 1915 Sec. 2. Said bonds shall be sold at public or private sale in such manner as said board may designate, but shall not be sold for less than their par value with accrued interest: Provided, that upon a vote of four-fifths of the members-elect of said board the said bonds may be sold at not less than ninety-seven (97) cents on the dollar and accrued interest, in which event the amount of such discount shall be paid from funds not otherwise appropriated, to the end that the full amount of principal and interest of said notes may be retired at their maturity; the pro ceeds of said bonds shall be devoted to said purpose and no other, by the treasurer of the town of Wilson, to whom said proceeds shall be paid. Sec. 3. For the purpose of paying the interest on said bonds when same becomes due, the said board of commissioners is hereby authorized, empowered, and directed to levy annually a special tax on all taxable property in the said town sufficient to pay such interest as the same becomes due; the said tax shall be collected by the tax collector of said town when all other taxes are collected and shall be turned over by him to the. Treasurer of said town. And shall be expended by him only for the purpose of paying such interest as it accrues. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.