The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-11-23
BONDS FOR THE TOWN.
We Must Have the g., G. d. n. Shops
The Way we Can Get Them-The
Interest Should Have Been Paya-
bic Twice u Year.

bic Twice u Year.
Pursuant to a call for citizens meeting rel
atIve to the building OF the railroad shops,
Court House.
Mayor 4. N. Hill occupied the chair. He
spoke aS follows:
me great pleasure to see so many OF you out
tonight. thus nanifeSting great interest In
the upbuldiDg and prosperity OF your. town.
Not long since by your united effort and Co
operation you built n grand, magnificent
school building that will be a lasting monu-
mrnt TO your thrift. energy and enterprise.
And tonight / find you more determined
than ever to make your town blossom nKe
the rose of Sharon and flourish like the green
bay tree and ii is only question OF time
when Abbevile will reach out and encompass
Green wood and calhoun Falls.
The object OF the mettins Is 10 consider the
report oi the committee appointed to prepare
IL bill to be presene ed to the Leg islature relh-
tive TO the railroad shops
Mr.. r. L. Gary was requested 10 read the
bill for the comm ttee, which Is as follows:
A bill 10 amend an act authorizing ana EN-
powering the Town Council Of Abhevilie 10
contract with the g., {. 4 n. Railway Coinpa,
ny, for location of certain railway shops ana
other buildings IN said town and 10 contrib
ute To the same. Approved a December, ls0O.
That the Sections 9 and be stricken out,
and the following Sections 3, !, 3. u. 4 D. y, lO,
IL, he substituted therefor so that the act
when amended Shall read as follows:
Section |. That the Town Council Of Able
clIc is hereby authorized and empowered 10
contract with the Georgia, Carolina ana
Northern Railway Company as TO the loca-
lion Of such shops and other structures as the
said Railway Company mny determine 10
build aud establish In said town.
Sec. .. That the Town Council OF AboeSille
Is further authorized and empowered TO con-
tribute To the purposes enumerated In the
section Of this act, sum OF money not en-
cecding $l7,OUO.
Sec. ). That the said Town Council OF Abbe-
VILE Is hereby authorized and empowered To
issue SI70O0 of per cent. bonds, II SO much oe
necessary, interest payable annually, for the
purpose Of paying the sum that may be
agreed upon ior the purposes enumeratea LID in
each, payable In thirty years from the dale OF
their issue. Said bonds shall he signed by the
then Intendant of said town ami Treasure er ol
said Council. and shall not be taxable lor
State, county or municipal purposes. Pro-
vldcd, The contract entered into by and be-
tween the said Town Council and said Rail.
way Company be approved by majority OF
the qualified electors Of said town. who shall
vote at an e ection 10 be held within thirty
days the appioval of this act. :.
Sec. 1. That the said Town Council shall
have power and are required 10 order said
election, giving at least fve days notice mere
of i'm the newspapers OF said town, specifying
the time, place and purpose OF the election.
and TO appoint three managers, who shall
without compensation hold and conduct sale
~
used shall have written or printed thereon
the words "approved" or rejected" the Coun-
Gil having first fixed the amount proposed to
| be raised.
ayers to conduct the election, count The votes
Immediately after closing the polls, which
shall be kept open from p. IN: I'LL u p. M.
and shall declare the result rs In other elec-
lions, which result they shall Immediately
certify in writing TO the said Council.
Sec @. That in case O majority of the bal
lots cast shall have written or printed there.
| on "approve," the said Council shall be au-
thoriZed aud required to proceed 10 issue the
bonds provided for in Section 8 OF this act.
| Sec I. That for the payment OF the Interest
| of said bonds the Treasurer OF said town shall
he authorized and required to assess annually
upon the property in the said town Of Able.
vile such a per centum as shall be necessary
TO pay the Interest on said bonds. This assess
| ment shall be entered In the tax BOOKS Tor The
said town under the name and style as THE
tax raised TO pay the Interest on the bonds Is
sued in furtherance Of the contract with the
G., G. 4 n. Railway Company which assess
menL shall be collected by the said Treasurer
under the regulations as are provided by law
for the collection of the other town taxes,
which shall be paid over by the Treasurer 10
the holders or said bonds as the interest
thereon shall become due and payable ana
coupons presented.
Sec. S. That for the purpose Of payment
and redemption OF said bonds. the said Treas.
urer shall uDder the control and direction OF
the Town COQ0cll assess Sucn II peT ceULun
upon the property In said Town of AbbevilIe
aS may he necessary to raise an amount
which shall he fixed by the said Council not
exceeding $500 per annum, TO be rollecttd d by
said Treasurer as directed In Section Z OF this
act, which amount when collected shall he
applied as rapidly as possible To the payment
OF said bonds, or If said bonds cannot be pur-
chased at or near par, shall be invested In
safe and available security until said bonds
can be bought Provided, No assessment
shall he made under this Section until fifteen
wears have elapsed from the date Of the Issue
of said bonds. Provided further, should
there he Il balance In the hands OF The Treas.
urer after pay Ing the accrued interest, he shall
transfer the same TO the account OF the sink
Ing lu nd provided for In his section,
Sec o, That the said Treasurer shall before
entering upon The duties herein specified
shall execute and file with the Intendant OF
said town Il bond Tor S., 600, with good securi-
", to he approved BY majority of said Coun-
ell If the said Treasurer shall fall 10 execute
the bond herein required then the duty here
In specified shall he performed hy the County
Treasurer Tor u like compensation, and he
shall r, reive ~ per cent. az remuneration for
his services. 2M per cent. of the amounts re-
ceived and OF The amounts paid out by him
under Sections and of Ibis act.
Sec. ~. That this act shall be deemed a
public act and shall become OF force immedl-
ately upon It's approval.
Al the conclusion OF the reading OF the bill
Mr.. j. Hayne McDiIl moved that the bill be
adopted as Il whole, whereupon Mr.. Y. j.
Pressly moved To amend Mr.. McDil's motion
Dy adding land that our memuers OF the Leg
iSluLuIe and Senate be requested 10 use all
possible diligence in getting the bill enacted
into law"
MIR. Pressly's motion was unanimously
adopted. The meeting then adjourned.
r. f. Cox,
Secretary Citizens Meeting.