The herald and news. [volume] (Newberry S.C.) 1903-1937, 1904-08-19

lnal III ACCORDANCE WITH the Wish OF
citizens expressed the council pur-
chased lot. centrally and conven-
iently located. for $3.50 and borrow
ed from the Palmetto Bank and Trust
company ST. 900. which Transition was
authorized by resolution of council
pledging the income OF the town for
said year to secure the payment OF
the note executed to the said bank.
And with these, funds the council
went forward with the erection of a
building. That afterwards council de-
termined to make the building larger
than originally contemplated. so that
the council chamber could be used
as town hall for the convenience Of
the citizens OF the town for the pur-
pose of holding public meetings. the
exercises of the school. or for any
other purposes of like nature look
ing to the educational advancement
of the citizenship of the said town.
And they also determined to equip
the guard house in said building with
modern equipments such as iron
cells, ETC., and also a room to be
used by the police or marshall Of said
town. which was absolutely neces-
sary for their convenience and COM
fort; and also a place in which to
keep the tools Of the said town
and by reason OF this said enlarge
ment or increase Of the original plan
it was necessary to put more labor
and material into the said building.
which increased the cost beyond the
amount originally intended
THAT the funds received from the
Palmetto Bank and Trust company
were put into the common treasury
Of the town and paid out as neces-
sity required to run the ordinary or
current affairs Of the town, as we'll
as to pay for material and labor in
said building. And at the time said
debt was contracted it was within the
income of the said town for that year
and would have been paid at maturi-
ty but for the Increased cost of said
building and other unlooked-for ex-
penses. which the town council had
to meet, depriving them OF the funds
necessary to pay said debt: and in
order to satisfy the Palmetto Bank
and Trust company the town autnori-
ties arranged with the Bank Of Pros
perity for funds sufficient for that
purpose, and the note now held by
the Bank of Prosperity represents, as
alleged in the complaint, the original
debt to the Palmetto Bank and Trust
company"
The complaint further alleges that as
is usually the case in building the cost
was more than originally contemplat-
ed, even though the most rigid econo-
my was practiced, and that altogeth-
er the hall. furnished. cost S2,2oIo OF.
And that part of said building used
as a market brings an income to the
town Of seventy-hve dollars per year.
That an itemized statement Of the
receipts and expenditures of the
town. including the cost of said lot
and building, were duly published to
the citizens of Prosperity by posting
said notices in public places in the
said town, and especially at the post
Office. where every citizen of the
town at some time is likely to go and
see the notices there posted. The no
tices posted during the years 1908 and
1904. in addition to containing an
itemized statement OF the receipts
and expenditures Of the said town,
also contained a statement Of the in
debtedness of the town and to whom
said indebtedness was due. The plain
tiffs knew. or could have known. Of
the exact condition of the affairs Of
the town by reason of said notices
or by application to the clerk and
treasurer OF the town for statement.
as was done by other citizens. And