Smyrna times., 1883-09-05
A Supplement to the Act Enti-
tied An act to Consolidate
the Public Schools of the
Town of Smyrna.
CHAPTER 50.-oF FREE SCHOOLS.

De ~ cHucteU Oy me iNPildtc ana House |
Of Representatives. Of the State of Dela- !
ardre IN General assembly met, (two-
thirds Of each branch Of the Legislature |
cOncurTing,) as foIiOWs:
SECTION THAT the board of direc-
tors of the Smyrna Public Schools "
is hereby authorized and empowered
to sell, either at private or public sale,
and either for cash or upon credit, and
to convey, by good and sufficient deed
or deeds of conveyance to the pur.
chaser or purchasers thereof, any real
estate now belonging to the districts
composing the" Smyrna Public Schools"
and also to purchase, take and hold
suitable and convenient lot of land or
site for a new school house and also
to erect or cause to be erected in a
suitable and convenient place, new
school building or school buildings for
the use of the said Smyrna Public
| Schools.
! SECTION 2.-That the said "The
Board of Directors of the Smyrna Pub
lie Schools is hereby further author
! lied and empowered to borrow any
sum of money, not exceeding sixteen
thousand dollars, for the purpose of
erecting a new school building or
school buildings, as authorized by Sec
ton of this act, and also for purchas-
ing new site for said new building or
buildings, In case it shall be deemed
necessary and proper to purchase such
new site; and which said sum of
money so authorized to be borrowed
under this act may be borrowed at one
time and of one individual or corpora
ton, or i'll different sums and at differ
ent times or of one of more individuals
or corporations; prOrided that in the
whole the said "The Board of Direc-
tors of the Smyrna Public Schools :"
shall not borrow more than sixteen
thousand dollars for the purpose afore-
said.
SECTION 3.-That for the purpose of
securing to the loaner or loaners the
payment of the money so to be borrow
ed under the provisions of this act,
with interest thereon, the said 1.-THE
Board of Directors of the Smyrna Pub
lie Schools is hereby further author
ized and empowered to make and exc
cute and to deliver to the said loaner or
lOaners the bond or bonds of the said
1.-The Board of Directors of the
, Smyrna Public schools" and also a
, mortgage or mortgages upon any or all
of the real estate owned by the said
Smyrna Public Schools at the time Of
the execution thereof; which bond OIL
, bonds, mortgage or mortgages shall be
: signed by the president of the saiG
The Board OF Directors of the Smyrna
; Public Schools" be sealed with its cor
, pOrate seal, and be attested by the sec
retary thereof The said bond Of
o bonds may be either with or without
q warrants of attorney for the confession
; of judgment thereto annexed, and MAY
q be made to become due or payable il
q such manner and at such time or time
: as the said 1.-THE Board of Directors O
! the Smyrna Public Schools" shall
:. deem advisable, and shall bear interes
i at any rate not exceeding six pc
centum per annum.
SECTION 4.-That for the purpose 0
raising the funds necessary to pay tn,
e money authorized to be borrowed
S under this act, with the interest there
e on, the said THE Board of Director
n of the Smyrna Public Schools - is here
d by further authorized and empowere,
II to assess, raise and collect, as now pro
If posing the Smyrna Public Schools, il
l. addition to the amount authorized t.
e be raised under the provisions of tn
6 act to which this act Is supplement
d such further and additional sum O
q sums of money as shall be sufficient t
l. meet the interest on the money author
g lied to be borrowed under this act an
a to pay the principal at the maturit
It thereof; which further and additions
l. sum of money hereby authorized to b
r assessed, raised and collected may b
ID assessed. raised and collected With
ID the districts composing the said Smyrn
il Public Schools in any one year, or ma
ic be distributed through series of yeal
Sc as may be deemed advisable by tn
es said 1.-The Board of Directors
in the Smyrna Public Schools"
u SECTION 5.-That this act shall b
d, deemed aud taken to be public act.
" Passed at DOUer, February Z, 1888.
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