Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1869-07-08

IlSSCOoAtJ ASA oh ILL lfAOh$N . SsStA
of roads, since It's either under the
mud or over the rock, Fall-in and
Spring out.
3rd. As to the best plan for
raising the funds for the purchase
and construction of these roads,
and establishing the foregoing sys-
tenn in that order and beauty of
which it's certainly susceptible,
the committee are led to consider
this branch of the subject under the
full sense of the great necessity
for the immediate construction Of
the roadside immediate opera
ton of the system proposed; but,
at the same time, are far from be-
ing insensible to the reasonable
desire of the people that such ends
may be attained through the least
financial pressure possible, other
questions duly considered. The
committee, therefore, unhesitating-
ly recommend, as a plan encum-
bered with the fewest burthens,
either present or remote, and IN
ducing the earliest and greatest
advantages. the issuance, by the
County Court, Of bonds bearing 6
per cent. interest, with coupons at
tached, to an amount equal to the
necessity, having twenty years to
run, but redeemable at any time
at the will and pleasure of the
County Court. This proposition,
therefore, disconnected from rea-
sonable expectation of the future,
would discharge the debt in twen-
Ity years-one-twentieth falling
due annually, in addition to the
interest on the principal. But I'M
der this system, there is no good
reason why all the roads should
not be completed, and i'll active
operation within twelve months
| from the date of the issuance Of
the bonds-we go into the imme-
date possession and enjoyment
| of the roadsl And therefore an
immediate income is confidently
and reasonably expected to ac-
crue from the travel upon these
roads, which income, after all
expenses are paid, will be not
less than 4 per cent. on the a.
mount invested, with the chances
of higher rate Of per cent. This
income should be appropriated
quarterly to the discharge of the
unpaid principal as far as it will
90, which will reveal the astonish-
ing result Of the liquidation Of the
entire debt and interest, in a peri
Iod of less than twelve years
when the roads are ours, and the
body of the county enhanced In
value, millions of dollars. And
the yearly income from them
should always be under the man.
agement of this Court, and SO ap-
lpropriated as to lessen and light
en- county taxation.
| 4th. But should this report end
here, it would be incomplete, since
this Court has no legal authority,
under existing laws to carry into
effect any OF the foregoing sugges-
tons. We would, therefore, re-
spectfuIly ask permission to men,
ton the propriety of making an
earnest endeavor, as the represen-
tative body of this county, to Sc
cure through our next Legislature
the passage of an act, either special
or general, investing this Court
with ample authority and powers
for adoptingand carrying into effect
such actions in the premises as In
its wise discretion, may seem best
provided, always, however, that
the same has been first ratified By a
majority of the taxpayers Of the
county. That this law should re-
Iouire this Court to order an cleo
ton, place their proposed action
before the taxpayers of the county,
and allow said taxpayers the priv
Iilege of ratifying or rejecting the
same. Weshould also provide for a
commissioner of county roads, cleo
ted by the people every two or four
years, with a salary of not less
than that received by a similar Of
fcer of the State as provided tor
lin section 1924 of the Code
whose duties it shall be to enter
into bond with good and approved
security have charge Of the gene
raj and special superintendent
of the pike roads of the county
keeping the same in proper repair,
collecting the tolls, and supplying
gate keepers, &c. &C.; and be al
ways subject to the orders of the
County Court as to his report up
on any questions about which said
Court may wish information; and
make his payments quarterly to
the County Trustee, and his set
Elements annually with the County
Court. And finally the commit