Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1873-03-06
The spartanburg and Aiken Railroad

Inc SpartdhuuiS ono
An Act to Amend an Act entitled " AN
y Act to Authorize the Formation OF, ana
to Incorporate the Spartanburg and Al ta
Be ii enacted by the Senate and House
of Representatives of the State OF South
Carolina now met and sitting in General
Assembly, and by the authority OF the
same: ,.,,
Act to authorize the formation of, and to
INCORPORATE the Spartanburg and Aiken
Railroad" approved March, II, 1872. be
amended as follows, by adding the follow
Sec. 6. That whenever the voters OF
any school district, through which. or
within FIVE miles of the line contemplated
bv said road to be run, shall meet and
vote bv o 'two-r thirds majority of -ail-the-
voters to subscribe for stock OF SAID road,
the subscription not to exceed ten FER
cent. of the entire valuation OF the en-
tire property Of the school district. the
County Auditor shall asses, and the Coun-
ty Treasurer collect the same from such
school district in the same manner as all
taxes are assessed and collected. 1t shall
be, and it is hereby made, the duty OF the
Trustees of each school district through
winch the line OF the said road Is to be
run or within FIVE miles of the same, to
call a meeting Of the voters OF such school
'J;str;ct o;vino at least thirty days notice
OF the same IN the nearest newspaper, and
by posting the same in FIVE conspicuous,
places in the district; and majority OF
the voters of the district shall assemble,
and upon voting, if two-t thirds Of the vo-
tiers Of the district shall vote to subscribe
to the stock of said road, the subscription
not to exceed ten per cent. OF the value
Of the entire taxable property OF the dis
trict the school Trustees OF the district
shall make out q certificate Of the fact,
and the amount of stock subscribed. and
forward the same to the Auditor OF the
kCounty within ten days Of such meeting.
SEC. !. The County Auditor of each
County wherein any school district may
subscribe to the stock Of said road, shall,
before he returns to the Treasurer OF the
County the tax lists, add to the lists OF
the school districts, making such subscrlp-
lion, tbs necessary per centum to pay
such subscription, and the County Ireasu
rer shall collect the same. IN the same
manner and at the same time, that State
| md County taxes are collected, and be
shall hold the same subject to the order Of
! the school Trustees of the district from
which such lax shall be collected.
SEC. 8. The school Trustees shall, up.n
being notified by ths County Treasurer Of
the funds in the County Treasury, belong
! lng to the school district, immediately pay
| lor the amount of stock subscribed, and
give an order on the County Treasurer
for the same, which order shall be sufii,
cient voucher for the disbursement OF the
said moneys. The school Trustees shall
deposit su stock in some National Bank
in the State, and shall have control OF the
same; and the said Trustees shall, before
aaving control of said funds or stock, give
bond, with two or more good and sufi-
cient sureties, for double the amount o
taxes collected in their district, to then
respective school districts conditioned
upon the faithful discharge Of the dutle:
required of them in this Act.