The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-03-24

1et noPo tAVed uots ! crusneu hB pure young
Too sad. alasl its birth wss but It's death.
For now, amo !g the heartiess. join the
And II feel; Tithou' ;;a your smis how sad muat
Yea. thou art gone. yet. In purest memory,
mine o,a
I'll teep-those tell-tale eyes Of thine
To oheer my heart within its darkest night;
To guide my thoughts, in future lie. Alright.
Aats and Joint Fesolutions Passed by tho
General Assembly OF South Carolina.
Regular session, 1871 and 1879.
AHlAur TO, AUTHORIZE THE MAYOR AND
tAk6RRMRN or THR oIT7 OF CoLuMbfA TO
1ssUR BONDS, AND TO NEGOTIATE AND
GRLL THE SAME. 4. ,4
HRor1oN l. Be it enacted BY The Senate
end House Of Representatives. OF the State
Of South Carolina, no,o met and sitting in
General Assembly, and by the authority Of
tho same, That the Mayor and Aldermen
OF thh oity Of Columbia are hereby au-
thorized and empowered to borrow mo-
ney. by isaning city bonds, from time to
time, to an amount which, together with
the outstanding Indebtedness OF the city
Of Columbia, shall not exceed the sum OF
six hundred thousand dollars. it being
thereby intended that the whole indebt.
edness thereof, whether by bonds or
otherwise, shall at no time be increased
beyond the said sum OF six hundred
thousand dollars: Provided, That, be-
fore suoh issue, the City Council shall
recall and cancel the bonds issued, to
the amount of two hundred and fifty
thousand dollars, Issued August 81,
1871, for the erection of City Hall and
Market: And prouided further, That no
vNop - ~ H. ol ~. g. ~
purchase of any franchise or corporation.
SEoA2. That ore moiety or half OF
each issue OF said bonds shall be of the
denomination of one Thousand dollars;
One-fourth part thereof, of the denomi-
nation OF Ave hundred dollars; aud the
remaining one-fourth part thereof shall
be of the denomination of two hundred
and fifty dollars, each and all of which
said bonds shall be signed by the Mayor
OF the city, and countersigned by the
City Clerk and Treasurer, and sealed
with the corporate seal, and numbered
consecutively from one to six hundred.
Each Of said bonds shall be made paya-
BILE at twenty years from the date there
OF, and shall bear interest at the rate of
seven per centum per annum, payable
seml'annually, on the first day Of Janu-
ary and the first day of July of each
year, with corresponding semi Annually
interest coupons, signed with the written
signature Of the said City Clerk and
Treasurer. Etf(
SEo. g. That no bond shall be nego-
tiated under the provisions Of this Act
otherwise than by public sale, notice Of
which sale shall be given for at least
thirty days in one newspaper published
in Columbia, one in Charleston. and two
in the city OF New York. and TINT the
sale OF all such bonds shall be made by
the Treasurer of the city of Columbia:
Provided. That all such sales and nego
tiations shall be conducted il accord
ancS with such rules and regulations as
she Oity Council may PRESCRIBE.
6Eo. 4. That the said Mayor and AL
dermen shall keep registry of all bonds
heretofore issued and now outstanding,
and OF all bonds which shall be issued
under the authority OF this Act, showing
the number and amount of each bond,
sho date when issued, and the dnte of
maturity, which registry shall at all
times be open to tho inspection of any
corporator, taxpayer or bond-holder,
and at any time. upon the written de.
man l OF the holder or holders of bonds
to the amount Of fifty thousand dollars,
or OF corporators to the number OF
twenty, the said Mayor and Aldermen
shall publish detailed statement Of tho
city indebtedness and the character OF
the same, verified by tho oaths of the
Mayor and the City Clerk and Treasurer.
SEQ. 5. That, in addition to the levy
OF the annual taxes for the support OF
the city government, the said Mayor
and Aldermen shall levy, annually, a
special tax for the payment Of the
semi.annual interest upon the bonds
which shall be issued under the author
ity OF this Act. and, also, the interest
upon the bonds of the city Of Columbia
which have been heretofore issued by
authority of law: Prooided, Aowcver,
That said bonds shall not bo subject to
taxation by the said City Council of CO.
lumbia: And prouicled further, That the
taxes hereby authorized to be levied and
collected, for the payment of tho semi
annual interest on the said bonds, shall
bo levied and collected from such sources,
npon such property, and at such rites,
as are este blished and designated by law
as sources of revenue, subjects, or