The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1878-02-27
AN ACT to enable the County of Marshall to
borrow money to build new Jail

| borrow money to build new Jail
SECTION l. Be it enacted by the Legislature
| of the State of Mississippi, That the Board
| of Supervisors of Marshall county, if upon
| full and satisfactory examination of the pres
ent Jail of said county, they shall deem 1t
unfit and unsafe as a county prison, for the
purpose of building Il new Jail for said county
and TO avoid the necessity of imposing extra
ordinary taxes, speedily to be collected there
| for, shall have power to borrow money, not
exceeding in amount the sum of (S16,000) six
teen thousand dollars, upon bonds, which by
this Act they hereby authorized to make
and issue, and which shall constitute good
and binding claim and debt against said
county.
Sec. Be it further enacted, That the bonds
to be made and issued aforesaid shall
bear date of July. |, 1878, and shall be
in five series, designated as Series One,
Two, Three, Four, Five and each Series
shall be composed of sixteen bonds of the de-
nomination of one hundred dollars ($l00)
each, and of eight bonds of ($2OO) two hundred
dollars each, and shall be due, and payable in
one, two, three, four and FIVE years respective
ly, and bear interest from their date, the
rate of lO) ten per cent per annum, payable
semi-aDnually, that is to say on the first of
January and first of July of each year, and to
each of said bonds shall be attached coupons
for interest due and payable aforesaid.
SEC. 3. Be il further enacted That for the
payment of said bonds and interest, the said
Board of Supervisors are required at the time
provided by law, for the levy fakes, to levy
from year to year. special tax on the taxable
property of sad county sufficient to pay in
full the principa and interest of said bonds
as they shall respectively become due, ard
said tax shall be collected and paid into the
County Treasury as other moneys are pro-
vded by law to be collected and paid into the
County Treasury. The County Treasurer
shall keep separate account OF moneys aris-
ing out of said special tax, and shall pa out
the same only for interest and redemption of
said bonds, as they shall respectively fall due.
GrC 4 Ro flYrfh Tod
as directed by said Board of Supervisors, the
County Treasurer shall procure bonds with
coupons attached, as hereinbefore provided,
printed in form approved ny the President OF
the Board of Supervisors, good and suit
able paper, and they shall be signed by the
President of the Board of Supervisors, and
countersigned by the County Treasurer, and
impressed with the seal of the office of the
Clerk of the Chancery Court of said county.
Sec. 5. Be it futther enacted, That the
County Treasurer shall have the custody OF
said bonds, and at such time as shall be fixed
by the Board of Supervisors he SHALL after
notice in some newspaper published in said
county, open book for subscription for pur-
chase of said bonds at par, which subscription
shall be paid in cash, and thereupon, he shall
deliver the bond or bonds subscribed and paid
for. He shall keep an accurate and full rec
ord of all of said bonds, showing the number
of series, date, number and denomination of
each, and when due, when and to whom sold
SEC. s. Be it further enacted, That no con-
tract for the building of said Jail shall be con-
cluded until one-half of the amount of each
series of said bonds shall have been sold
Sec T. Be it further enacted, That the spe-
cial tax herein provided to be collected shall
be paid in gold or silver coin, or in the Ma
tional currency of the United States; Pro-
vided, nevertheless; That all coupons falling
due within the fiscal year in which they be-
come due, may be received for taxes Of that
year.
SEC. 8. Be it further enacted, That this Act
take effect from and after its passage.
APPROVED, February q, 1873.