The clarion. [volume] (Jackson, Miss.) 1883-1888, 1884-04-16

Isl per cent. per annuln. nor exceeding I,
per cent per annum, 10 any party or pa
ties In said county, who viii execute not
therefor with good and sufficient securit
which notes shall be signed by at least tv
sureties besides the principal; said notes
be payable not more than one year fro
the date thereof and the interest on sa
nates shall be paid annually.
SEC. 2. Be il further enacted, That sal
board of trustees are hereby authorized I
= institute and maintain, in the name OF th
board Of trustees, any proceedings in la
Orequity which may enable them to recovs
possession of said funds.
N SEC. 3. BE il further enacted, That al
: the interest aecruing on aecouat of sal
! funds be appropriated to the commol
;. school fund oil said county, to be used il
n payment Of public schools taught in sal,
county in the year next succeeding the
payment of said interest; provided, wher,
+, it is known from what township any O
: said fupds were obtained, the interest ac
cruing therefrom shall be applied to the
support Of the public schools in that town.
ship
SEc. 4. Be it further enacted. That the
treasurer Of said county be the custodian
Of said funds, for which he shall receive
the compensation now allowed by law for
his services.
SIC. 5. Be it further enacted, That this
act take effect and be in force from and
after its passage.
Approved, March 15, 1854.
AN ACT to enable the county of Lincoln
to borrow money to build new Court
House.
SECTION /. Be it enacted by the Legisla-
ture of the State of Mississippi, That the
board OF supervisors of Lincoln county, for
the purpose of building a new court house
for said county, and TO avoid the necessity
OF imposing extraordinary taxes, speedily
70 be collected therefor, shall have power
to borrow money, not exceeding in amount
the sum Of twelve thousand dollars tSl2,-
000) upon bonds, which, by this act they
are hereby authorized to make and issue,
and which shall constitute good and |
binding debt against said county.
SIC. >. Be it further enacted, That the |
bonds to be made and issued as aforesaid, |
shall bear date of July LIST 1884, and shall |
be in five series, designated as series one |
be composed OF twelve bonds of the denonl-
ination of one hundred dollars (SI00) |
each, and of six bonds of the denomina-
nation of two hundred dollars $4,000
each, and shall be due and payable in one,
two, three, four and five years respective
ly, and shall bear interest from their date
at rate not to exceed ten (l0) per cent
per annum, payable semi-annually, that is
TO say on the first day of January, and
first day of July of each year, and to each
of said bonds shall be attached coupons
for interest due and payable us aforesaid.
SEC. 8. Be it 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 OF
.axes, to levy from year to year a special
lax on the taxable property of said county,
sufficient to pay in full the principal and
interest of said bonds as they shall respec-
lively become due, and said tax shall be
n. addition to and above the limit allowed
o be levied by the boards Of supervisors '
lnder the general law of this State, and
hall be collected and paid into the coun-
y treasury as other moneys are provided
" law to be collected and paid into the d
ounty treasury. The county treasurer
hall keep a separate account of moneys !,
rising out of said special tax, and shall y
ay out the same only for interest and re- y
emption of said bonds, as they shall re- y y
pectively fall due; provided, that ii p
reater sum of money is realized from the re
ale of said bonds, as is hereinafter pro- u
ided for, than is necessary for the build
lg Of said court house, the surplus re- ae
Iaining shall be transferred to the COM al
ION school fund of said county, and be
-, H.. ,f 81
arrants that have been or NAV hereafter a
; issued to the teachers of the public free
hools in said county.
SEC, 4. Be it further enacted, That as
ION as directed by said board of supervi-
RS, the county treasurer shall procure W
Dnds with coupons attached as hereinbe- ch
re provided, printed in form, approved tel
: the president OF the board Of supervi- bu
rs, on good and suitable paper, and they po
all be signed by the president of the
,ard of supervisors, and counter-signed etc
the county treasurer, and impressed with ar
e seal of the Office of the clerk of the tn
ancery court of said county.
SEC. 5. Be it further enacted, That the isl
unity treasurer shall have the custody pr
said bonds, and at such time as shall be Co
red by the board of supervisors, he shall, sci
ter notice in some newspaper published OF
said county, open book for subscrip- tn
On for the purchase of said bonds at or mi
,ove par, which subscription shall be FOL
i'd in cash, and thereupon he shall de- an
yer the bond or bonds subscribed and lie
i'd for He shall keep an accurate and
II record of all of said bonds, showing ac
e number of series, date, number and an
of each, and when due, when
d to whom sold and delivered.
SEC. 6. Be it further enacted, That no Al
ntract for the building OF said courthouse '
all be concluded until one-half of the {
lount of each series of said bonds shall s
We been sold. tur
SEC. z. Be it further enacted, That the bos
ecial tax herein provided to be collected ant
all be paid in gold or silver coin or in pa,
: national currency of the United States; of
oyided, nevertheless, that all coupons EN-
ling due within the fiscal year in which the
y become due, may be received for taxes sal,
that year. !
SEC. 8. Be il further enacted, That this
take effect and be in force from and AN
er its passage. v
Approved, March IA, 1884. c
ACT to authorize the Board of Super a.