The clarion. [volume] (Jackson, Miss.) 1883-1888, 1884-04-02
set shah taksehsct and b q
after its passage.
Approved March IS, 1854

- - - =. tue county OF Kinds, issued
ties under an act entitled dan act 10 pnovil.
mt Tor the payment Of the konJ.5 ~, -
Tor minds county, approved T1.hr1e--
1877, and which shall or NAV remsi,| ~, ,
ars Slo ana outstanding on the first dav ~
is alafeh, 1854 under the provisions nj tbe
of act approved as Aforesaid, NAV IL f,i-e~,
he up oy said county, and coupon bpDJs fs
rd sued q lieu thereof by said county nsv,Li.
nd on or before the first day Of March ISos
ls- bearing interest at the rate Of eight ~.
Dd cent per annum payable on the first dsv
OF January OF each year until the maturitv
!; Of said bonds.
SIC. 2. Be it further enacted, That ibs
e county treasurer and president Of the board
~ OF supervisors OF said Kinds county sbalI
Il cause to be engraved or lithograpbed. or
!. otherwise prepared, on fine paper win
such devices for identification, and 10 mr..
e vent imitation, as in their judgment NAV
! be proper sufficient number OF said con-
pom bonds TO renew the bonds issued and
{ which may be outstanding under the act
!, OF February /, 1877, which bonds shall BE-
: signed by the president of the board OF su-
pervisors, and countersigned BY the county
treasurer, but the signatures 10 the coupons
may be q fac simde engraving Of the sigma.
lures of the said treasurer and president of
the board of supervisors; said bonds shall
be numbered one (1), two (2l, three tS)
consecutively through the entire series.
and said bonds shall be substantially Ia
the form Of the bonds issued under the act
of February LIST, 1877.
SEC. 8. Be il further enacted, That said
bonds shall be in sums of fifty. one hundred.
and five hundred dollars, payable as afore-
said, to correspond with bonds issued IN
der said former act, and the county treasu-
rer upon the presentation and surrender OF
/ said present and outstanding hsnd or
bonds and coupons attached, shall In lieu
thereof, issue 10 the holder thereof new
bond or bonds, and coupons attached, in
the same amount so presented and sur
rendered, and the bonds SO taken up shall
BY the treasurer be cancelled monthly ia
the presence of the board Of supervisors;
said treasurer shall keep suitable book In
which he shall register and describe all the
old bonds taken up by him, and for which
he shall issue new bonds, in which he shall
specify, in separate columns the number,
date, and amount of the old bond thus
taken up, and to whom payable, and shall
also specify in the same mode, the number,
date, and amount of the new bond issued
therefor, TO whom payable, and such other
description as he may think proper; said
book shall be kept open to public inspec-
tion, and shall be carefully examined by
the board of supervisors each month when
the old bonds are cancelled.
SIC. 4. Be il further enacted, That said
new bonds shall be prepared as soon a.
practicable, and notice shall be given by
publication, in public newspaper pub
lished in said county, for sixty days, by
the president Of the board Of supervisors,
notifying the holders of the present bonds
to present the same 10 be ex-
changed for new bonds herein provided
for, and the holders Of the present bonds
shall have one year from the passage OF
this act in which to avail themselves OF
the provisions of this act, but If any holder
Of said present outstanding bond or bonds
shall fail to avail himself OF the provisions
IF this act in the time specified, Il shall be
awful for the board of supervisors to ex-
end the time not TO exceed six months.
SEC. 5. Be II further enacted, That il
hall be the duty Of the board of supervi.
ors Of Kinds county to levy each year a
AK of at least twenty-five thousand dollars
N the taxable property OF the county; pro-
-ided, that amount shall be necessary TO
,ay the interest, and ten thousand dollars
m the principal Of the bonded debt annu-
lily; and provided further, that il shall
ot increase the county levies for all pur-
'oses beyond nineteen mills on the dollar
or any one year; and to provide an annual
linking fund for the payment OF the prin-
ipal of the bonds under this act In the
manner following Out of the whole
mount of said funds, the annual interest
Or each and every year shall first be
aid by the county treasurer; thereupon
he county treasurer shall publish notice in
newspaper in the county, that on the
ay OF = in said years he will receive
onds issued under this act, for the full
Il. ~ q IL
Ak remaining after deducting the amount
ecessary 10 pay the annual interest, and
hall invite bids from the holders Of said
onds, naming the price at which the said
olders will dispose Of their bonds, and the
lumber and amount Of the bonds they will
ell; and on, the .daY named asaao ltra.ssssls
hall open the bids IN the presence OF such
bidders az may desire to be present, or in
he presence of the clerk of the board OF
upervisors if no bidders arc present, and
hall accept the bid or bids OF the person
r persons offering the highest amount Of
onds for given sum of money and there
pom the said lowest and best bidder shall
6 entitled to payment of the bonds at the
lte offered, and thereupon the treasurer
lall take up and cancel said bonds thus
aid over and received; and provided, that
hen such call is made foi bonds issued
nder this act by their amount and num-
er, interest shall cease on said bonds, and
10 provisions OF this section shall be
and strictly carried out for each
nd every year until the bonds, principal,
nd interest issued under this act are fully
scharged
SEC. 6. Be ii further enacted, That the
lnual special tax provided for in the fifth
ction of this act to be paid in money,
Iall be deemed part of the contract be-
Teen the county and the present bondhold-
g, who accept bonds under this act, and
declared to be special trust fund to be
I apart in the Lands of the treasurer 20
, applied exclusively to the purposes
lmed in this act, and to no other purposes
hatever.
SEC. 7. Be it further enacted, That the
,st of preparing and issuing the bonds
srein provided for, shall be paid by order
the board of supervisors, on the county
az well as the sum of twenty-five
pillars to the president Of the board Of su-
and the sum of twenty-five dol
rs to the treasurer for performing the
lties reqired by this act; all Of the said
inns named in this section 70 be paid out
the annual tax first levied and collected
1der this act
SEC. 8. Be it further enacted, That no
atute prescribing limitation on the taxing
over Of the board Of supervisors shall ap-
y to the special annual tax herein pro-
ded for.
SEC. 9. Be it further enacted, That il
e treasurer shall wilfully defraud any
arson in issuing or paying any bond or
terest coupon, provided for in this act, or
lall wilfully or corruptly violate any duty
quired by this act, he shall be deemed
Iilty of felony, and on conviction thereof
lall be fined not less than FIVE hundred
ollars, and be imprisoned in the peniten-
airy not less than one year.
SIC. 10. Be it-fSEher enacted, That this
4 be in force ansiNtake effect from and
ter its passage.
Approved March IA, 1894. e