The comet. (Johnson City, Tenn.) 1884-1916, 1905-05-11
Public Acts of the General Assembly.
CHAPTER 2s7.-uoUsE BILL NO. 401.

CHAPTER 227.-HoUsE BILL NO. 491.
AN ACT to authorize the Town of
johnson City, Tennessee, to issue
coupon bonds to the amount of thirty
five thousand dollars ($35, 000), the
proceeds to be used in the purchase
of sile, and the erection thereon, Of
O high school building within said
town, and for the purpose of furnish
ing and equipping the same; aud
also for the purpose of making addi-
tions to the other school buildings.
SECTION BE it enacted by the
General Assembly of the State of Ten
nessee, That from and after the passage
of this Act the Board of Mayor and Al
dermen of said Town of Johnson City,
Tennessee, is authorized to issue the
coupon bonds of said town, under the
restrictions hereinafter set out, not to
exceed the sum of thirty-fve thousand
1885, ,0OO, payable, principal and inter
est, in any lawful currency of the
United States; Provided, that said
bonds, when issued, shall not be sold
for less than par.
Sec. 2.-Be it further enacted; That
all bonds issued under this Act shall
be in denomination of five hundred
dollars (S50O) each, and bear rate of
interest not exceeding five per cent.
per anuum, payable semi-annually,
and represented by coupons attached
to the bonds, and said bonds to mature
in not less than ten nor more than
twenty years, as may be determined
prior to issue by the Board of Mayor
and Aldermen of said town, the princi-
pal and interest to be payable at such
places as said Board of Mayor and Al
dermen may determine.
Sec. 3-Be it further enacted; That
said bonds, or the proceeds thereof,
shall be used exclusively for the pur-
pose of purchasing a suitable site for
q high school building within the cor
porate limits of the said Town of John
son City, and the erection thereon OF
high school building of such size, de-
sign, and architecture as may be de-
termined by said Board of Mayor and
Aldermen; and for the purpose Of fur
nishing and equipping the same, and
also for the purpose of making addi-
tions to the other school buildings of
said town; Provided, that said Board
may determine the location Of said
building, after authorization to issue
said bonds as hereinafter provided;
and provided further, that the total
cost of site, building, equipment, and
additions shall not exceed the sum of
thirty-fve thousand dollars 1886, ,OO0).
SEC. 4.-Be it further enacted, That
the said bonds shall not be issued un-
less so ordered by majority of the
votes cast in an election, to be held
upon thirty days notice, by order of
the Board of Mayor and Aldermen at
any time, and as many times as said
Board may deem necessary.
SEC. 5.-Be it further enacted, That
said election shall be held according
to the laws regulating such elections
'xisting in the State of Tennessee.
SEC. G.-Be it further enacted, That
the officers charged with the duty Of
providing for the registration of votes
in the general elections and the man
agement of general elections in the
Town of johnson City, are hereby
charged with the duty OF providing for
tue registration of voters and the con-
duct OF any and all elections held un-
der this Act; Provided, that all ex-
penses Of said election shall be borne
by the Town of Johnson City.
SEC. 7.-Be it further enacted, That
whenever any election shall be held
under this Act the officers of election
shall make a return thereof, in the
manner aud to the person prescribed
by law in general municipal elections,
and the votes shall be canvassed and
the result decided and announced in
the method now provided by law for
said general elections.
Sac. s BE it further enacted, That
the Commissioners of Election shall
turn 81, according to the laws now ex-
listing and regulating elections in this
State, tickets to be used in said cleo
sien, and npon said tickers shall be
printed first, Bonds" and second,
Immediately below, "No Bonds" and
persons voting for the issuance Of
bonds shall mark their tickets with a
cross opposite the word "Bonds,"
md those voting against the issuance
Of bonds shall, in like manner, mark
their tickets opposite the words, "No
Bonds"
SEC. 9.-Be it further enacted, That
the finds arising from the sale or sales
Of said bonds shall be under the man
agement and control, rs to keeping and
expenditure, of the Board Of Mayor
and Aldermen Of said town, and in no
event shall said funds be paid out ex-
cept upon approval in writing of the
Mayor of said town, and of building
committee, composed Of four (4) Alder
men of said town, or one member from
each ward, who shall be appointed by
the Mayor, whose duties shall be to in
spect the building equipment and ad-
ditions TO other buildings provided for
herein, from time to time, and shall
sao That tha san0a ara aractad ond