Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1897-05-22
THE STATE LEGISLATURE
FOURTEENTH DAY.

IN tHe committee $ Recommendation. The house
mas edopted the plan OF Wcatlers 4 Weathers
OF Memphls and selected the present site as the
one lor the new building. The senate also
passed the amendment to the constitution rela-
tiveio the school fund. II levles tax of 3 mills
IQr cQinin0n schools and leaves the poll taxes in
tno eDnntles where the same are collected
Thrcb mills will amount to about sj25 900, and
the poll taxes, estimated on collections for last
year amount to about S229,o0O. The two make
a scno0 iund amounting to sS5i,000 Under the
present system the schools receive, Inclusive of
the poll taxes, 1928, 800. 1t is estimated that on
an average S7oo,O0) is distributed from the State
treasury, the polls making up the difference. AS
wiltDe seen, this amendment will save the State
abouf 900 annually. The counties are given
theAn,horty to levy additional taxes for school
PURPOSES.
ne house was called to order at O'Clock and
spent most of the morning session discussing
tiebond bill for the new capitol.
NJ Houston called up senate bill No. I, an
actto provide for any deficit in the State reye-
nlAe," and moved IL DO considered engrossed,
read third time and placed upon Its final pass
age. The bill empowers the governor to borrow
$500, 900, payable in 1899, and to draw interest
not exceeding per cent per annnm.
The bill was passed with one dissenting vote.
The bill Is as follows:
Section /. Be it enacted, That the governor is
hereby authorized and empowered to borrow
sum OF money not TO exceed 800 900 at a rate OF
interest not to exceed 8 per cent per annum, pay
VII VI DtlDiC lbJJ, DUt lnt HUT
est to be payable as may be agreed upon. Said
sum or sums OF money Shall be borrowed as
needed by the State of Mississippi to defray the
expenses Of the State from July 1, 1897, to Jan
uary |, 1893.
Sec O. That the levy for the year 1897 be and
the same is hereby fixed at Ga mills. Boards of
supervisors may levy taxes for all purposes,
which, added to the State tax, will make l6 mills
on the dollar, and no more. provided counties
having an outstanding indebtedness may levy
tnN int f,.t
to create sinking fund to pay the principal, II
necessary, but the whole amount levied shall
not exceed Is mills.
Sec. 3. That this act shall take effect and be in
force from and after its passage.
Senate.
The senate was called to order at o'clock and
preceded TO consider on Its second reading con
current resolution No. 4, proposing TO amend
the constitution relative to the levy for common
school purposes. The resolution was passed on
It's second reading by vote OF 81 yeas to nays.
Mr.. Cook introduced bill entitled an act to
authorize the board of leyee commissioners for
the Yazoo- Mississippi delta to issue bonds to an
amount not exceeding S50OOO0, and for other
purposes Referred TO committee on levees.
Mr.. Smith, from the committee on public
works, reported. with amendments, house bill
No. Il, an act to authorize and provide for the
building of the State house.
Senate bill No. %, TO require services Of GER
lhlH ptlSOHo VII luc ltNtCs, Ndo Iuot-
poned
Mr.. Smith called up senate bill No. 3S3, to au-
thOriZe the organization of loan and trust COM
panles, passed at the last session OF the legisa-
ture, and returned by the governor at this ses-
sion without his approval and with his Objec-
tons thereto. The bill and the governors OBJ
jectiOns were read.
On motion of Mr.. Wells the bill was referred
to the judiciary committee to ascertain II the
bill Is not already law, the same not having
to Ia tha ,Nr'l
objections within the constitutional time.
The senate committee on public works report
ed the bill this morning with sundry amend
ments, the principal OF which are to adopt the
Gordon in lieu Of the "Weatlers" plan and
to change the site OF the new building from the
present 10 the 'penitentiary site"
Mr.. Cook from the levee committee recon-
mended the passage of senate bill No. %, author
lzins the commissioners OF the YazOO- Miss!s-
slppi delta leyee district TO borrow s5OoOOO for
lcyee purposes, and the same was at once called
up and passed.
Mr.. McLaurin from the committee on levees.
recommended the passage of a substitute for
senate bill No, Il, but bearing same title, and
the bill was Immediately called up, considered
and passed.
Following is the bond bill as it passed the
An act authorizing the issuance Of State bonds
for the purpose OF erecting a new state capitol.
Section l. BE it enacted by the legislature of
lllC Oittt VI hloSlSSipVI luI lHC pulUDoCo htiC-
matter expressed, and no other, the governor OF
this State Is hereby authorized to and empowered
to have prepared Immediately, ready for sigma
ture and execution, forty year bonds OF the Stale
OF Mississippi of the total amount of S75O,0O0,
payable to bearer at the treasury in the city of
Jackson, payable at the end OF ten years and at
any time thereafter at the option of the state,
and ii the state exercises this option 1t shall call
in and pay of said bonds In numerical order,
beginning with bond number one. Said bonds
nl., t,t.R tnt ttp af
annum, and said interest shall be payable semi
annually, on the first day of January and July
In each year, ana interest coupons shall be at
tachet TO said bonds. payable semi annually as
above stated at the treasury.
Sec. 2. The governor shall, as soon as may be
practicable, proceed to offer said bonds for sale,
to the highest bidder for cash, as hereinafter
directed He shall give notice In such news
papers as he may deem proper, not less than llVe
In number, and not less than ninety days before
the sale and continuously until sale, and The
bids for said bonds shall be received by him in
sealed envelopes, accompanied by certified cheek
or cash to the amount OF one-fenth value OF
bonds bid for On the day fixed by said notice
the governor, treasurer ana auditor snaIl open
said bids and declare the result OF the bidding.
No bids shall be received al price less than the
par value OF said bonds, and all bids shall be Tor
any amount of bonds desired, in Suns OF $500 or
multipes thereof. When the governor, treas
urer aud auditor shall have named the success
III DluutT, tilci Nildii ElNt sum " NNiN'h
caic, showing the amount bid by him, on which
the said purchaser shall obtain from the audi
tor of public accounts Il receipt warrant au-
thorzing him to pay the amount OF said Did INTO
the Slate treasury. When said purchaser shall
have so paid INTO said treasury said amount OF
said bid the governor shall proceed, as soon as
may be practicable, to execute finally the bonds
so sold 10 him, and deliver the same TO him with
the interest coupons belonging thereto attached,
first, however detachng such coupons, II any,
as would represent interest prior to the first day
OF January or the first day OF July, as the case
may be. next preceding said purchase. II, at
such sale. any OF said bonds Shall remain un-
sold. the governor shall proceed TO hold other
sales, in the manner herein directed, for the pur-
pose of dispOsing OF said bonds, and II after the
second sale any bonds remain unsold, he may,
With the advice and consent of the treasurer ana
auditor negotiate the same at private sale, for
price not less than par.
See. g. That said bonds shall be signed by the
governor and secretary of State, and sealed with
interest may be unsealed, and the signatures oi
the governor and secretary of State engraved
fac simile. Said bonds shall be exempt from
taxation and local assessments. The proceeds
of the sale OF said bonds, or so much thereof as
be necessary, is hereby appropriated Tor tne
erection of a new capitol building for the state
OF Mississippi.
Sec. A. The sum of s.. .j01, or so much thereof
al may be necessary TO pay the expenses OF print
ing and engraving ihe said bonds and advertis.
Ing them for sale, Is hereby appropriated out OF
the capitol fund.- AMI the balance shall be con-
verted back into the treasury.
Sec. 3. That this act take effect and be In force
from and after its passage.