The Brookhaven leader., 1884-07-03
The Lincoln County Court House
Question.

~ Ntt W. ltlHcUltpFtu, IN VClCF-
cncc To = petition signed by about
one hundred leading taxpayers.
living in various parts of the Cuun-
ty, as well as other expressions of
similar import, our Board of Super
visors at their called meeting on
June 9Th revoked and annullcd all
rciion previously taken looking to
the building of new County Court
House, and lett the subject StutU
qHO. We have since critically ex-
amincd the Act of the last Legisla.
ture providing for the building of
new Court House, and we are
strongly inclined to the opinion
that, under its provisions, the Board
has been led into committing St,
rious blunder. That our readers
may have the case set squarcly be
fore them, we copy in full all the
.,,.;,ro or .l,o lo,r bo,;,,r l;ro,,,
oe''' my ou 'n' i'"'u'' We WIS" W
suggest:
SECTION |. Be it enacted by the
Legislature of the State of Missis.
ippi. That the Board OF Supervisors
of Lincoln county, for the purpose
Of building a new court house for
said county, and to avoid the neces-
sity of imposing extraordinary tax
es, speedily to be collected therefor,
shall have power to borrow money,
not exceeding in amount the sum of
twelve thousand dollars ($I2,OOO)
upon bonds, which by this act they
arc hereby authorized to make and
issue, and which shall constitute n
good and binding debt against said
county.
SEC. .. BE it further enacted,
That the bonds to be made and is,
sued as aforesaid, shall bear date
July 1st, 1881, and shall be in five
series, designated as series one,
two. three. four, five. and each series
shall be composed OF twelve bonds
of the denomination Of one hundred
dollars $1,000 each. and of six
bonds of the denomination of two
hundred dollars $4,000 each, and
shall be due and payable in one,
two, three, four and five years re
spectivcly, and shall bear interest
from their date at q rate not to ex-
coed ten (I0) per cent. per annum,
pavable, semi annually, that is t.
say on the first day Of January, and
first day of July of each year, and
to each of said bonds shall be at
tached coupons for interest due and
payable as aforesaid.
SEC. 3. BE it enacted, That for the
payment of said bonds end interest,
the said board of supervisors are re
quired, at the time provided by law,
for the levy of taxes. to levy from
wear to wear special tax on the
taxable property Of said county, suf-
fcient to pay in full the principal
anu lUICTGSl " Saltl DOUUS rs IlcN
shall respectively become due, and
said tax shall be in addition to anil
above the limit allowed to he levied
by the boards of supervisors uuler
the general law of this State, and
shall he collected and paid into the
county treasury. The county treas
urer shall keep a separate account
of moneys arising out of said spec
ial tax, and shall pay out the same
only for interest and redemption Of
said bonds, as they shall respective
" fall due: provided that if a great
er sum of money is realized from the
sale of said bonds, as is hereinafter
provided for, than is necessary for
the building of said court house.
the surplus remaining shall be
transferred to the common school
fund of said county, and be used in
the payment of school teachers war
rants that have been or may here
after be issued to the teachers of the
public free schools of said county.
SEC /. Be it further enacted.
That as soon as directed by said
board of supervisors, the county
treasurer shall procure bonds with
coupons attached as hcrcinbefore
provided, printed in form, approved