Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1872-10-12

! County Court shall direct.u
We further find that the following
action was had by the county court
on January 3rd, 1859: "Ordered by
the court, that tax of II cents be
levied upon each one hundred dollars
worth of taxable property of said
county for rail road purposes, and
that the privileges of said county SUBJ
ject to taxation, under the State laws,
for State purposes, be taxed in the
same manner, and to the same
amount as the State tax and that
the clerk Of the court proceed to col
lect the same, according to law, for
rail road purposes"
And that order remained In force,
save as to the rate of taxes levied
upon privileges, until April 1st, 1867,
when we find 1t ordered by the coun
ty court, That the Judge TT. w.
King) of this court be authorised to
invest any surplus funds arising from
rail road taxes and privileges, after
paying interest on funding bonds, In
the purchase of rail road bonds, and
as he may deem most to the interest
of the county.
With this authority of the Legis-
lature and the action of the County
Court, as above stated, there We're
issued 233 funding bonds, each for
$50, with coupons attached, each for
SO 40, payable semi-annually, 1st of
April and October. Bonds dated Oc-
tober 1865, and payable in 1881. OF
these bonds have been paid with
the money coming into the county
treasury from funds or taxes levied
on privileges.
The whole number of coupons ac-
tually maturing up to and including
April i, 1872, on funded bonds is 2, ,563
at SIS 40 each, amounting to $l3, $40 20.
We have counted and find on hand
and checked as paid off ON coupon
book, 2, 400; on the 8 bonds purchased
not checked off, 80 outstanding, 122,
total, 1868 at SIS 40, Sl3,S40 90
From the foregoing statement we
find that our bonded debt at this
time may be stated as follows:
225 funded bonds, each SlSO....-.....- 1880 %
Total bonded S278, 500 10
Add int. past due on original
b nds, including Judgment on
Add tut. on funded bonds......... 05S 80
Total liabilities n bonds and int s2ss, ,34s so
We find most of the coupons have
been cancelled, some imperfectly,
Others remaining uncancelled.
With this report we herewith pre-
sent the coupons and purchased bonds
for your examination and orders.
We have had as stated, extra
ordinary trouble in getting at the
facts relative to the bonds and coupons
and to prevent like trouble to any
future committee, or as finality, we
think this report should be spread on
the minutes, If approved by the court,
and more particularly should this be
done after the burning or otherwise
destroying said bonds and coupons.
The book in which a statement of
these coupons and bonds has been
kept by Judge King, and which
has been closely examined and
verified by your committee, should
be carefully preserved as it contains a
complete history of said bonds and
coupons, as far as it was possible, to
obtain the same by dates and num-
bers, and is complete index of paid
bonds or coupons funded or otherwise
u.
only should this book be preserved,
but duplicate should be made for
the county.
SUB COMMITTEES REPORT.
We, the undersigned, sub-com nit
tee appointed by the County Court
of Montgomery county, at the July
term, 1872, to witness the destruction
by fire of the purchased county bonds
and the coupons of said county Oh the
original and the funding bonds issued
for railroad purposes, certify that We
have compared the coupons as de-
scribed in the coupon book of said
county and checked off by the coupon
committee, composed of Joshua Cobb
and s. A. Caldwell, and find that
said book and said report of said COM
mittee exactly correspond, and that
there were on hand, us listed in said
book, six thousand two hundred and
fifty-seven of said coupons past due
on the original bonds, and that there
were also two thousand four hundred
and nine of the past due funding cou-
pons also as checked of by said COM
mittee, and twelve original bonds as
aforesaid, Nos. 4s, 81, 80, 81, 92, 90, "a,
I76, III, us, $50 and 2ll, and six of
the funding bonds-being actually
six on hand, the other two having Il
certificate OF purchase and cancella-
tion 10y w. z. Hume, cashier of First
National Bank which have been lost
or mislaid--the six on hand being
Nos. SO, 80, 81, 92, 80, "a, ana the 9TH
er two being Nos. SO and l06, and all
of said coupons and bonds were de-
strnyed by fire in our presence, to-wit:
6,257 original coupons, 2,409 funding
coupons and ~ original bonds and
six funding bonds. Attached to said
bonds there were the following cou.
T, pOns: on each of the original bonds
there We're coupons beginning July,
1871, aud running on the to matu-
rity of said bonds, "A of them being
due in July, 1871, and January 1872;
and on the six funding bonds there
were coupons beginning at the date
of April l, 1871, and running on TO
the maturity of said bonds.
II. ID. READ,
THos. OGBURN, Com.
w. S. MALLORY
Sept 20, 1872.
We will now lay before you state
ment of the total cost to the tax pay
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