Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1875-03-18
THE YORK AND CHESTER BONDS.

for the formation of clubs.
THE YORK AND CHESTER BONDS.
The following is copy Of the act which
recently passed the Legislature, and has been
approved by the Governor, to provide mode
for retiring the bonds issued in York and
Chester counties, in aid of the Chester and
Lenoir Narrow Gauge Railroad. We pub
lish the bill as it passed its first reading, re-
marking that on the second reading, it was
amended so as to make its provisions apply
also to Chester county:
AN ACT 10 Authorize the Levy OF Special Tax
in York County to retire the bonds issued by
said County in Aid of the Chester and Lenor
Narrow Gauge Railroad Company, and for
other purposes Relating Thereto.
Bel enacted by the Senate and House of
Representatives of the State of South Caroli'
ma, now met and sitting in General Assembly,
and by the authority Of the same:
Sec. l. That the County Commissioners OF
York county are hereby authorized and di.
rected, annually, to levy a special tax upon
all the taxable property of said county, of
one and one.half mills, if so much be found
necessary, for the purpose of raising annually,
the sum of FIVE thousand (5,000) dollars, 10
be used exclusively in paying and retiring
bonds, with the coupons attached, of York
county, issued by the County Commissioners
of said county, in aid Of the construction of
the Chester and Lenoir Narrow Gauge Rail.
road said levy to be made by said Commits
sioners and collected by the County Treasur.
er of York county in addition to the amount
now required and collected to pay the annual
interest accruing on said bonds.
Sec. 2. That the County Commissioners of
York county be required to give public notice,
through the newspapers of said county, for
three successive weeks prior to the first day
of March of each year, naming day as early
as practicable thereafter, upon which day, al
their office in said county, they will purchase,
at the lowest price at which they are offered,
the bonds with the coupons attached, that
have been issued in aid Of the construction OF
said railroad, to the extent Of the amount
levied and collected under this Act.
Sec. 3. 1t shall be the duty of the Treasur-
er of York county to pay out the amount
levied and collected under the first section OF
this Act on.or before the first day of June of
each year, upon the written order or warrant
of the County Commissioners of York county
in favor of the respective persons from whom
said County Commissioners shall have pur'
chased bonds and coupons attached, under
the second section of this Act
Sec. 4. That so soon as the County Com.
missioners shall have purchased the bonds
with coupons attached as aforesaid they shall,
in the presence of the Clerk of the Court of
said county, register in separate book, to be
kept by said Commissioners, for public in
spection, the date of purchase, the amount
paid for each bond, as also the number and
amount of each bond, with number of cou.
pons attached, and the names Of persons from
whom said bonds were purchased; and so soon
as said registry has been made the County
Commissioners, in the presence Of said Clerk
of the Court, shall proceed to cancel each bond,
with the coupons attached, 80 purchased and
registered, and deliver and transfer the bonds
and coupons so purchased and registered to
the Clerk of the Court, taking his official re-
ceipt for the same, stating the number and
amount of bonds and coupons.
Sec. 5. 1t shall be the duty Of the Clerk of
the Court for York county to provide book,
to be kept in his Office for public inspection,
in which he shall make entries similar to
those required to be made by the County
Commissioners in reference to the cancelled
bonds and coupons aforesaid delivered to him
by said Commissioners; and said Clerk shall
be held responsible for the custody of said
cancelled bonds and coupons aforesaid.
Sec. 6. 1t shall be the duty of the Treasur-
er of York county, upon the demand of the
County Commissioners of said county, to de-
liver to said Commissioners the coupons of the
aforesaid bonds heretofore received by him,
or which may hereafter be received, upon said
County Commissioners giving to said Treas.
urer receipt expressing the number and
amount of said coupons. That upon receiv-
ing said coupons said County Commissioners
shall register, cancel and deliver the same to
the Clerk of the Court, and the Clerk of the
Court shall register and safely keep the same,
as provided under the third and fourth Sec
tions of this Act.
Sec 7. This Act to remain in force until
all the bonds, together with the coupons. is
sued by the County Commissioners of York
county in aid of the construction of the Ches-
ter and Lenoir Narrow Gauge Railroad, have
been retired and cancelled under the provisions
of the foregoing Act.
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