The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1873-04-02

tne county .pOndS. lie p0nls OF tthe
county shall bear interest ut the rate
Of six per cent. per annum. ~ .e.sst
Sec. 1.-THE; county commission
.ers shall inrest the 1 addttiodal'
Que per cent. received from q the,
preferred etock in securities, or in Z
any safe manner whereby the same
shalt draw interest semi-annualiy,
and shalfeontinue to invest che one
per cent, so received, together with /
the interest on the safe, until q sam
shall have accumulated sufficient, ito !,
pay and cancel the bonds Of the conn
ty issued. IN aid Of said company
when the bonds shall besapaid and
Cancelled. All moneys = received Gag
interest on sald bonds and preferred
stock shall be held by the county
treasurer and paid out on the order OF
the county commissioners: . -" 8 s.,
} Approved February rs, AID. 1873:
S it!!a 5a5. @ - -! i!lf,.iia 10.
y0lNI .ksEtlSSOLUIl0N ito, ,kahfy thesi
Amendment TO the Constitution ,osfI.
the State OF South Carolina, Rela-s 7,
tive TO tho increase OF the stats
Debt.At ~ gdrfiI q psil ,3isisisa sei -
Whereas the constitution ofG tho
Sta-e Of South Carolina provides that
an amendment or amendments may,
be made to the same; and that such
amendment or ailments shalP be
agreed to by two-thirds of the lmehfG
bers elected TO. each house, such amend
tment or amendments to be entered on
the journals, respectively, with the
yeas and nays taken thereon apd !,
that lrhe same shall be- submitted 10
the qualified electors Of the State at,
the next general election thereafter
for representatives; andi 9 majority.
of the electors qualified to vote, for;
members of the General Asssh bly,,
voting thereon, shall vote inifavor Of
such ainepdment or eriamendments; ;and
|two-thirds. Of each brap.h h. of the next
General Assembly shall, after such an
election, and before another, ratifY the
same amendment or Amendments By
yeas and nays, the same skail BECOME
part of thee constitution: Rfovided'l
That such amendment or apeadments
shall have been read three times, on,
three several days, in each house; and
whereas the General Assembly at Its
last,session, did, ,.in'each branch, pass
a joint resolution proposing an amend
ment 70 the constitution eifthe STATE J.
Of South Carolina, which Yas agreed
70 by tWo-thlrds OF It's members, 70
WIT:
Article XVI: "Io the END thai the
public debt OF South Carolina may not
hereafter be in creased, withoutpethe
due consideration and FREQ consent
of the people of the State, the Gener-
al Assembly IS hereby forbidden 10
create any further debt orsoollgatlon, "
either by the loan OF the credltsef the
State, by guaranty, endorsement, or
otherwise, except TOR the ORDINARY
and current business OF the state,
without trst submitting the question
as to the creation OF any such new
debt, guaranty, endorscment or lioaqp
OF its credit to the peopleof this State 4
at general STATE election anGd, unless
two'thirds OF the quallhef voters OF
this State, voting on the question
shall IN favors OF q further debt,
guaranty, endorsement or loan OF Its
credit, none such shall be created or
made" G.se :Fs!
4 And whereas the saide proposed
amendment has been submitted to the
electors qualified o.vote for members
Of the General Assembly ats'the next
general election" following the actiou
OF the General Assembly, and ma,
|jority OF the said electors have voted
10 favor OF the same therefore,
Be it resolved 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.
That the amendment to the consti-
tuition Of the State Of Sonth Carolina,
proposed andiagreed to by twoihirds
Ut the members of.4eacht branch of
the last General Assembly, and voted
for by a majority ofrtho electors quail
fitted to vote for members of the Gen:
eral Assembly at the last general
election. .to-wit:. ~, aGa : :aiga
not l,ote hereafter e be r Increased without G dug
consideration and free consent of the
r)eople of the State. the General AS