The Greenville enterprise. [volume] (Greenville, S.C.) 1870-1873, 1871-03-29

/ "'sJ ."oue"uo uo'tats, u 90 much be
Necessary; for deficiency for a, meo. OF
Com n,issionsrs and slsnsgers Of Election.
ten thousand dolisr', u so much be necsssa.
~, to be paid in the usual manner.
EXTRAORDINARY AxrsNers.
Sec. 8. For past dues Ter construction,
and continuing the construction Of the South
C"roiins Psni,entisry. eighty thousand del
lars. to be paid on the order Of IN. Govern
or; for r-pairs an the Uoiv-rsi,y buildipes.
J elk thousand dollars to be paid on the or.
der Of the Governor; for ind~xins The re-
c"rds ofthe Surveyor Ofite two thon.anj
d"'lsrs. to be paid upon the order Of the
Secretary Of State.
EDUCATIONAL DEPARTMENr
Ssc. 6. For the support and msin, epspes
OF Free Common Schools. "ne hundred and
hfty thousand d"'lars. IN addition to the
c"p'ta'ioo tax Provided. That saii sum Of
ore hundred aud 6f,y thous.ud dollsrs be
arP"'ti"n-d among the revera. Count,.s IF
the State, In proportion To the numb.r Of
children between the age of.ix and six,.en |;
further. ,h". each County shall be entitled
to the amount Of the poll tax raised In said
County; Tor the ,uppo,t Of the South Caro-,
In" University. twenty FIVE ,hou,sud dol
la's for the support OF the South Carolina
Institutisn for the-edue.,ion Of the deaf end
dumb a. the lind, ten thou.and dollars,
TO he paid on the order ot the Governor (;
for Books Slready purchased by the State for
the use Of the Common Schools OF this State
'hir'y-four ,hou.and aud twenty doIisrs
and fourteen cents. (fs4 .O2o.il.) TO he pnid
on the "rdrr Of the Supsripten Of Edu
eatiou; for purposes indicated in III. seventh
Section Of Act, approved March slb, 1859,
FIVE thousand dollars.
hILiTAEx sxrEssss
Fec 2. For dsfrsyiog the txpens,s OF the
militia, ten thousand dollars, Ave thousand d
OF which thall be used for fitting up the
Military He'll. In the city Of Charleston ;
one thousand for repsiring and fitting up
the Arsenal in Beaufort, to be disbursed by
the Adjutant and Inspector General upon
the order Of the Governor.
1 Sec. TfIat all 's.es ~es~ssod, "a aod paya
bie under this Act, shall be paid 10 the toi
lowing kinds Of funds. viz: Bills receiynbl.
'of the State. United States currency. Ma.
tionaI Bank notes. gold or oliver coin.
Approved March 2, 1871.
AN ACT TO CREATE A DEBT oP The
STATE oFsoUTH CAROLINA, To BE
KNOWN AS TIE STERLING FUND.
ED DEBT; THE SANE. OR THE PRO
CEEDS THEREOF. TO BE ExCLU
sIVELY USED IN EXCHANGE FOR.
OR IN PAYMENT OF, THE EXISTING
PUBLIC DEBT OF SAID STATE.
Section !. Be it enacted by the Senate
and House Of Representatives Of the State
OF South Carolina. now met and sitting In
General Assr nlbly. and by the authority of
The same, That the Governor Of the State
be. and he 10 hereby, authorized to borrow,
on the credit OF the State o! south Carolina.
asum n"tesceeding one million two huadred
Thousand pounds sterling such debt to be
represented by coupon bonds; the samo TO
bear sis Pou"ds per csntum per anrum IN.
teres,. in gold. pay able semi. annually tho
principal and Interest thereof to be payable
10 the city Of London. IN Engisnd. and the
principal thereof TO he redeemabie and ray.
able within twenty years from the passage
OF this Act. In gold coin.
Sec. Q. Such debt, hereby authorized.
shall be known as the Sterling Funded
Debt. The tords To be issued In pursuance
hereof sha ie ,igned ny the Governor, and
eountsrsign-d hy the State Treasurer. under
the seal Of ibis State. They may he i.su-d
In sums 81 not less than one hundred pounds
sterling. The coupons attached to such
bonds ,h"ll be signed by the State Treasar
er. ar executed In such manner AZ the Gov.
'nor of the State may approve. his .igns.
turr to said bonds teiog evidence OF such
approval.
See. 8. That all Of the bonds suthorix.d
by 'his Act, or their proeeeds, shalt h. used
sxeiu'iv.ly In exchange for. or In payment
Of, the ex~t'ng Public debt Of this State
here,o'o authorized.
Sec. 4. That aiithe bonds hereby su,hor.
lied shall he placed 10 the hands Of q Fi-
naneiai Agent Of this State. TO be appointed
by the Governor, Attorney General, aod
Tteasur~r. Comptr oilr- General. Secretary
ofs'st-: Provided. That said Finsnciai
Board she'll receive no compensation. such
agent shall reside In The city Of London
aforessid and the Financial Board herein
hefo'e authorized. or majority of them,
through the FinsneiaI Agent Of the State Of
New York, are hereby authorized and di.
rested 10 enter into . agreement with such
Financial Ag.nt as may he appointed 90
Aforesaid Tor the oegotiation Of said bonds;
ior The payment Of interest thereon until
the maturity thereof; for the pc, mont Of
said honds at mstasiiy, and for the ex.
change Of the same for any of Tie public
debt OF ,his ststs. or for the payment OF
sny of said puoIis debt. from the proceeds
Of such new honds a. they may deem to be
fr the Interest Of 'ibis State. PROVIDED,
That none OF the existing public debt ss
Aforesaid shall be paid before the maturity
thereof out OF the proceeds Of the bonds
a - a A -.