The commercial. (Union City, Tenn.) 190?-193?, 1903-05-29

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before the question of issuing bond
under the provisions of this Act
submitted to vote of the people 0
the county, the county court shal
determine and declare by orde
which of the public roads of tn
county shall be public highways t.
be built, repaired and improved
under the provisions of this Act
and shall divide said highways 81
designated into sections and maxi
and publish estimate of the cos
of putting the several sections O
said highways in good condition
and of matchmaking the same, anc
shall make appointments of the
amount of said funds to be used or
the said several sections, which
shall also be published.
Sec. S. Be it further enacted, that
upon the issuance of said bonds in
conformity with the provisions Of
foregoing sections of this Act, they
shall be valid and binding debt
and obligation upon said county
and the county court shall levy and
collect annually a special tax, not to
exceed the rate of fifteen cents on
the one hundred dollars of the as
sessed value of the taxable proper
ty within said county, for the pur-
pose of paying the interest on said
bonds as it becomes due, the sala-
ries of the necessary officers and
other incidental expenses of carry
ing out the objects and purposes of
this Act, and to create a sinking
fund with which to pay off and re-
tire the SAID bonds when they be-
come due. Said bonds shall each
have attached to them coupons for
the semiannudl interest upon the
same for each of the years they
have to run, showing on their face
the number and amount of the
bonds to which they are attached,
the amount OF each semiannual in
stallment of the interest on said
bonds, and when the same shall be
due; which coupons shall be signed
in the same manner as said bonds,
except that the seal of the county
court need not be affixed thereto.
Sec. 6. Be it further enacted,
that said bonds shall be sold only for
cash, by and under the direction of
the county judge, county court
clerk and county trustee of said
county, and the funds arising from
sale of the same shall be paid intothe
hands of said county trustee, who
shall keep the same separate from
the other moneys of the county
but before receiving said funds said
trustee shall enter into bond in
double the amount of said funds so
coming into his hands, with good
and solvent security to be approved
by said court in open session, con-
ditioned for the faithful keeping,
and accounting for said
funds, and the full performance of
all his duties as such trustee rela-
tive to said funds, and shall receive
as compensation for receiving,
keeping and disbursing the said
funds one-half of one per cent.
Sec. 7. Be it further enacted, that
he county court of said county
shall at its first quarterly term
after an election in said county, re-
'ult1ng in favor of the issuance of
said bonds, elect three commission
,rs to be known as the highway
commissioners for said county, who
shall be discreet and capable bust
less men, conspicuous for their
honesty and integrity, who are free
folders and residents of said coun-
y, and not members of the county
curt. 1t shall be the duty of said |
ounty court to designate from the
hree persons so elected one who |
hall act as chairman of said COM
mission and one who shall act as
ecretary, and shall fix their COM
and also the compensa-
ion of other member, to be paid as
Their payments are made under this
Act.
The duties OF said Commissioners