The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1882-04-26
PAGE 8.

An ACT extend the tine Of payment Of the funded debt
Of Bolivar county, and for other purposes
WHEREAS, By an act approved April 9th,
1874. the floating debt Of Bolivar county was
funded into coupon bonds bearing eight per
cent interest, and payable on the lst day OF
January, 1882; and
WHEREAS. by an act, approved March "a,
1880. the amount Of this bonded debt was
ascertained and the bonds were registered;
and
WHEREAS. the whole Of the balance of
tba principal Of said bonded debt is now
dueand amounts to about forty six thousand
dollars now therefore,
StcTIOy l. BE Il eRacted by tie LegiSlG-
Irre Of He state Of Mississippi, That the
time for the payment Of said bonds be and
the same is hereby extended until the 1st
dav Of January. 1890 or until they shall be
called in and paid as hereinafter provided.
SEC. ,. BE II FURTHER eH0cted, That the
board Of supervisors Of said county shall
have power and it is hereby made their
duty. to issue new bonds to ali the holders
Of said bonds willing to accept the eXten
sion Of said debt, which new bonds shall be
coupon bonds bearing eight per cent. inter
est. maturing and becoming due on the lst
day Of January, 1890, the said coupons Of
interest and the said bonds to be in all reS-
poets similar to the bonds now due, and to
be issued and signed as provided III the said
ctof 1874 except that said board Of super
visOrs shall nave the right TO make sad
bonds and coupons as they mature, payable
at any bank in or ont. Of the State rs they
may deem best and provided that no bonds
shall be taken mp and re-Ssued under this
act. except those taken up and registered
under the said act Of 1880, and the act for
the relief of Orgill Bros. & Co, and for
other purposes, passed at the present session
of the Legislature; and prOcideI fuftheF,
that the coupons issued as aforesaid shall
b. receivable npayment Of the interest tax
each year.
SEC 3 BE- it further caacfoa, That said
board Of supervisors shall have power at
any time to call in said bonds and pay
them off at par, if at any time it be found
that the funds aCcruing from said tax VIII
amount tO-cnOugh SO to DO.
SEC. 4. b. II furfher eaacted, That the
board OF supervisors Of Bolivar county shall
levy each year, until the whole OF said
bonded debt is paid, a tax Of not more than
three hundred per cent. on the State tax and
not less than two hundred per cent. for the
payment first Of the interest on said bonds,
and next ofthc principal as acknowledgement
ded but this tax. together with all other
county taxes. shall not exceed the limit now
allowed said board in levying county taxes
by the act approved March 9Th, 1880, entitled
an act in relation to public revenue.
SEC >. BE IL .turiher caacted, That after
payment Of the coupons III t1ring each year
the treasurer of sai5kssJnty shall proceed
to apply any surplu5 bney in his hands
belonging 10 said BON nd interest fund,
forth for the pn a@f4 NJ e 81 ~
act to fundE1 ira Ill.,
county and - r. ;
approved AprIN go
2nd Monday of
treasurer shall ~ IDS
now i'm his hands, ~ sserest
To January LIST 1882 e Of said
bonds as required by SAID section two on
or before the 2nd Monday of April 1882.
SEC. g. Be II f'aatler enacted, That the
board Of supervisors Of said county at any
time during the year 1882 or 1888, shall have
power to borrow money to pay off said
bonds at a rate Of interest not to exceed six
per cent. and if they can succeed in borrow
ing money to pay off said bonds as afore-
SAID then they shall have the right to call
in said bonds and pay them at par, and
they may and are hereby authorized to
issue coupon bonds in one, two, three, four,
five, six, seven, eight, nine and ten years,
or any less number OF years as they may
deem best. to any person or persons from
whom said money IS received, or to any
bank and may make said bonds and coupons
payable mt any place and in the event said
bonds are issued rs aforesaid, then sad
board Of supervisors shall each year levy
tax to pay the bonds and the coupons of
interest on other bonds falling due, and the
tax so levied shall be applied to no other
purpose.
SEC. !. Be Il fHyther eaaetd That in
the event the said board Of supervisors shall
borrow money and issue bonds as provided
in the last preceding section, the treasurer
Of said county shall give an additional bond
in the sum Of ten thousand dollars. with two
or more freehold suretes of said county,
conditioned for the faithful application of
said bond and interest tax, and for the pay
ment of the same as required by this act,
which bond shall be approved as all other
county bonds and said treasurer shall, on
the lst Monday in June in each year, or
from time to time as required by said board,
make a written report of the number of
bonds purchased, and the amount of interest
paid by him. or if new bonds are issued
under this and the preceding section, the |
number and amount of bonds and interest
paid and taken up by him, which report
shall be spread upon the minutes and pub
fshed in some newspaper in said county If
there be one.
SEC. s. Be it furthey enacted, That the
board of supervisors of said county are
hereby authorized to make an allowance in
favor of the clerk of the circuit court of said
county for services rendered by such clerk |
IN criminal cases when the State fails in the
prosecution, or the costs cannot be collected, |
of sum not exceeding three hundred dol
lars in any year, to be paid as provided by /
law pr0Cided, his account be itemized and /
approved by the District Attorney and I
Judge of the circuit court, and provided that /
no allowance be made for any year prior to
the year 1882.
SEC O. BE Il further enacted, That if
rn;A I,nnrL .,f Sr1,nrriSnrS shnll mako To or