The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1879-07-24

. Sec . Be it further enacted, that the
,,,onosition TO settle the States indebtedness,
contained in this or any other bill that shall
nass shall not be submitted to the voters oil
The State. nor the Legislature convened, un-
iii the Governor shall communicate win
the bondholders or their Chairman. nouiy-
inc them of the action OF the Legislature,
and when he shall have obtained the accept
once of said proposition from an equal num-
her in amount IA now proposed to take sixty
cants IN the dollar and six per cent. interest.
Soc 3 Be it further enacted, that the
voters at said election being quallhed voters
of The State. shall vote directly upon the
Droyisions of the first sectlonoi TINS ACT those
voting for the acceptance OF the same having
written or printed on their ucSet me WIZ n,'
Accented 4" and those opposed TO the pro
visions OF said section, having written or
nr;ntsd an their ticket the word REJECTED .
AID IL shall be the duty of the Sherlhs OF
The various counties Of this Stale 10 com
,,ar.. the votes cast in said election, ana make
return thereof to the Governor anu Secretary
of State, who shall compare SAID vote, anu
The Governor shall decide the result "heh
ascertained. The Governor shall make proc
ian,ation AS 10 the result of said election
when so ascertaihed. -
- 4 Re II further enacted, that if there
hall he a majority of votes cast as to SAID
election in favor of the acceptance oil the ne
nrovision of said section, the Governor siiai /,
issn,, his proclamation converting sPeclai
session of the General Assembly Tor the Pur-
nose of enacting into law ana ProNiuihs
Tor the enactment of the provisions oil 'he
first section of this act, limiting the time
n;,bin which said funding shall be com
nleted and making such provisions WIN
r,ference TO the bonds not funded within
tbat time as such General Assembly SHAH
enact.
section 8 Be it further enacted, that IN
,su,ucb os the railroad companies OF TINS
State propose to surrender and give up thelr
chart exemption from taxation ana pay
an annual tax of 100000, by their written
communication to the Governor, therefore
the railroad companies of this State shall
together. under and in pursuance OF the
proyisions Of this act, and in order to carry
nut the same, annually pay into the state
Trsaaurv. beginning with the year 1879, the
snm of one hundred thousand dollars, the
same To be due and payable as other taxes
are. the said sum TO be pro rated between
aid companies according to their present on
90, f,t,I,s assessed valuation, but if at any
Tine the assessed valuation OF their property
,.xceeds an amount which at any time, under
the tben regular State tax levy, Will ylelg
larger amount of revenue thah TiVV,oOO
then said railroad companies SHAH De taAe'
"A all other property may be, h"i'i 9I'iil y
100000 and such sum in excess lheIeo
paid by said railroad companies to be ap
propriated TO the public debt.
Passed March %, 1879.
J. r. NEAL,
Speaker of the senate.
H. 2. FowLKEs,
Speaker of the House OF representative
Approved March 81, 1879.
Albert $. MARKS,
Governor.
Ch.rles N Gil,bs Secretary oil STATE o
the State Of Tennessee, certify that the ahoV'
i, a correct copy of an Act of the Genera
Assembly OF the State OF Tennessee, tn
orioiual Of which is ON file in my office.
CHARLES n GIBBs,
Secretary OF State.