Lawrence democrat. (Lawrenceburg, Tenn.) 1884-1925, 1905-05-19
Chapter 42S

Section l. BE 1T enacted by the Cen
eral Assembly of the State of Tennessee,
That the County, Court of Lawrence
County, in quarterly session, is hereby
authorized and empowered to issue and
provide for the sale Of interest bea ing,
cupon bonds of Lawrence County to any
amount, but not to exceed the sum ,f
twenty five thousand dollars, for the pur-
pose Of raising funds for the erection Of
courthouse for Lawrence County, mt
Lawrenceburg, Tennessee, each of said
bonds to be known and designated on
its face as "Courthouse Bond of Law
renee County, Tennessee" and said
bonds shall be of such denomination or
denominations as the County Court may
authorize; Provided, that no bond shall
be Of less denomination than one hun
drel dollars nor greater than one thous-
and dollars; and said bonds shall bear
such rate ofinterest as the County Court
may prescribe, but not to exceed six per
cent per aanum, which is to be paid an
nually t such time and place as the
County Court may prescribe.
See. 2. BE it furthur enacted. That
said bonds shall not run for - longer
period than ten years from the date Of
their issuance, and that the same or any
part OF same shall be redeemable at The
pleasure of the county at any time with
in said len years upon notice, calling
for the presentation for payment OF
such bonds AS it may he desired to re-
deem, being given by publication in
some newspaper published in Lawrence
burg, Tennessee, for two consecutive
weeks, the lat publication being at
least thirty days before the date tf r.
demption, and thirty days notice in
writing by mail or otherwise shall be
given by the County Judge to the
holder or holders of such bonds as
may be called for redemption; Provi-
ded, the holder of such bond and his
postotiice address shall be known t,
the County Judge and after the date
said bonds are called for redemption
as fixed by said notices above provi-
ded, the bonds so called for redemp
ton shall bear no interest, unless they
j, should not be paid when properly
presented, according to the call for
same for redemption; all bonds shall
be called for redemption consecptively
us numbered.
Sec. g. BE it further enacted
That If the County Court, in it.
quarterly sessions, should think best
and so decide to issue said bonds pay.
able IN annual ii-stallments rather
than to issue the same all maturing
at the same time and subject to re-
demption at the pleasure of the coun
ty, as provided in the second section
Of this Act, then in that event. the
County Court may issue said bond.
payable in annual installm tents, ans.
shall fix the amount of each install
nent, and the time of the maturity
thereof, designating on the face al
each bond the date of the maturity
thereof; Provided, the court shall not
make the installment maturing in any
one year greater than the sum of five
thousand dollars; aud Provided furthu
that no nStallment OF said bonds am
N bond of any instIlm mt shill run
for longer time than ten years from
the issuance thereof. but all b md,
Issued un Ter the provisions of thi
| Act shall bear the same d tie Of issu
ance, whe her actually sold and de
livered on tae date of issutnce or
MT
Sec. 4. Ee it further enacted, Tha
: said bonds shall be signed by IL,