The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1885-05-13
Wednesday, May 10, 1885.
The e.. {. &. & &. II. II. Subscription

Inc Sounty commissioners met laSL Htl"i~
lay In Special meeting to take into considera-
ton the recent election in Due West town.
taip. From the order, which we copy below,
J: will be seen that ti,c,Chairman OF the Board
of County Commissioners subscribed "on be-
half and In the name Of Due West township.
the xum OF sixteen thousand, four hundred
and 1rty tSl2,45O dollars In accordance with
the terms OF the aforeU,id Act OF Assembly,
and subject to the conditions set forth IN said
resolutions OF the Board" by reference to
the Act OF Assembly, under which the cleo
ton was held, It will be seen that the County
Commissioner nave no right To levy Il tax,
and the County Treasurer Is nowhere author
lied TO cole ct n tax for the payment OF either
the principal or the interest Of the bonds OF
townships, though full authority is given to
the County commissioners, and the tow au'
fhorities, to levy taxes to pay such bonds anu
n~ccruinE interest. ne they may subscribe, and
tire County Treasurer, aud the town authori-
ties nre authorized 10 collect money to pny IN.
trrcst and principal OF any bonds which the
county or Incorporated towns may subscribe
to the capital stock Of the Carolina, Cumbcr-
land GAP and Chicago Railroad.
OF course 1t Is a question OF law, and only
guess work rs TO whether the Courts can or
will supply the omission OF authority TO col
lect the principal and interest OF the bonds OF
townships which may subscribe to the cari.
tai stock of the Carolina. Cumberland Gap
md Chicago Railroad or whether the stock
holders will go to the Legislature for a RENE
dy. If they should so to the Legislature. it IL
to be hoped, while granting relief to the rail-
ruad, that the Legislature may give legal and
t,~If,D f,rcn 70 tho Nnn1ffinnc DnNn which
the subscription was made. The order Of the
County Commissions isas follows:
THE STATE OF SOUTH CAROLINA.
COUNTY OF ARBErIr.I.E,
OFFICE COUNTY COMMISSION Frs.
Whereas Mt an election held IN Due West
Township In Abbeville County, on the 23rd
day of April 1885, under al Act OF assembly
emitted IAN Act to authorize Counties,
Townships, Cities and Towns Interested IN
The construction OF the Carolina, Cumberland
tap aud Chicago Railway Company 10 SUB.
scribe to the capital stock Of said COMPANY
approved December I'd, 1883, and In pursu.
nncc OF a resolution OF this Board made and
adopted OH the 9Th day OF April, 1850, inc
FAVOR Of Il proposition to subscribe the sum OF
five () per cent. of the assessed value for tax
n,iun OF the real and personal property OF
aaid Township. IN bonds, to ne capiiai STOCK
20 Railway Company, according 10 the pro-
visions OF said Act. the said bonds to be issu-
I'd on certain conditions mentioned In the Pc
titions OF the real estate owners In said town
ship praying the Board TO order said election,
and In the aforesaid resolution Of this Board,
and fully set forth below: -
Re Therefore !E~esoired, by the HOARD OF
County commissioners for AbDcHllle County,
now met In special meeting:
That the Chairman OF this Board 90 SUD
scribe to the capital stock OF Said Carolina,
Cumberland Gap and Chicago Kail~ay; on
behalf and In the name of the said Due West
Township, he said sum of five per cent. OF
the assessed value for taxation, of the real
and personal property OF said IownShlp, M
bonds, according TO the provisions OF the aiore-
said Act Of Assembly, and on the condition
that the bonds SO subscribed and TO be issued
hhall be deposited In the Carolina Savings
hank OF Charleston, in trust, tobc delivered 10
the President OF the Carolina, Cumberland
Gap and Chicago Railway Company omty upon
ing constructed In accordance with the rcso-
luton OF the Board OF Directors as adopted
March j, lS,5. and entered on the Minutes;
and on the further condition, 10 bc expressed
on the Bonds, that said Bonds shall DO null
and void unless said Railway shall, after pass
Ing through the corporate limits OF Due W est.
run thence along the general route surveyed
through the Township In the direction OF
CrnytOnvillP.
That said subscription in bonds so TO be
made, being five () per cent. Of the assessed
value for taxation OF the real and personal
property in said Township Is the sum OF stN-
Teen thousand four hundred and fifty dollars
{sl6,4io.00).
PASSED by q unanimous vote of the Board
at 4 special meeting called for that purpose
md held on the ninth day Of May, lSS5, and
49, ia. McCoRD.
)sr., Chairman.
1sfAh WILLIAM RILEY.
t) W. I. CoWAN,
Comfy Couirs Abb. Co., S. c.