The herald and news. [volume] (Newberry S.C.) 1903-1937, 1905-03-31
Income from rents, fines,
etc. 49,. 1888 81
Expenditures.


June %. paid B. of P. note
(Pr. Stock Co.. .. =. .. S 162 90
Jan'y I. 1904, paid B. of P.
note 10000
Jan'y Fl, 1904, paid interest
note overdue :. :. -. ... 4 40
March 9. 1904, paid B. of
7. note >. :. :. :. =. -. so 90
Paid ordinary current ex-
penses OF town :. :. 49,. 8o7 So
S1743 90
I find that on the 10Th day of
March. 1902. upon due notice first
given by the town council, some o5
tc Is out Of some 90 to IS of the reg
istvred v'oters of the c:tiz :ns Of the
town OF Prosperity. as i was t]lel:
Custom tc do in early sprl., ), assem-
bltd, and d: which meeting 1: least
one o: plaintiffs W preser :. IN The
high ool ~: ding for the ru.e
of nominating an intendant and war
dens to serve for the ensuing fiscal
year. The testimony is, that after the
nomination a resolution was intro
duced to the effect "that it be the
sense OF this meet: lg' mat the coun-
Gil 70 be elected be requested to pro-
cure suitable lot and to build there
on a town hall, market house and
guardhouse. This resolution was car
ried without a dissenting vote. The
nominees were elected, and on April
22, 1902, at a special meeting of the
newly installed council, committee
was appointed TO obtain site to build
town hall. etc." On the 18th day Of
May, 1902, the committee reported
that it had procured lot "for build
ing guard house, z ETC." the
purchase price of which would
be $4,000. Council accepted
the offer, received deed for
the lot goth June, 1902, executing its
note of that date for $4,000, and IN
terest, in payment thereof, payable in
one year. I am asked to find that it
does not appear from the minutes of
the citizens meeting on the 10Th
March to nominate officers that the
question of the erection Of a town
hall, or other building, or any other
subject than the nomination of inten-
dant and wardens and the election OF
health officer was considered. But to
the contrary, the first record Of any
reference is found in minute book Of
April 22d. at a special meeting of
council. 1t does not appear from the
minute book, or other testimony, thar
there has ever been a meeting Of citl-
zens to consider the building, its cost,
etc.. OF town hall, market house and
guardhouse. I so find, except as
herein above stated.
At a special meeting, held July 9Th,
1902, council passed an ordinance to
borrow $4,000 from the Palmetto
Bank &: Trust Co., of Columbia, S. C.,
"for the purpose Of building city
hall" Resolution dated the 9th day
of July, 1902, regularly and properly
signed BY the utendant and war
dens Of the town, attested, under
seal, BY the clerk and treasurer OF
council, and certified to by said
clerk on said last date, authorizes the
borrowing of 100000 from the Pal
netto Bank & Trust Co.. with which
to ''carry on the affairs of the town"
payable 10th January, 1905 and the
intendant. clerk and treasurer, are
authorized to sign the obligation OF
the town for said sum, and to pledge
as security therefor the taxes of the
town arising from the levy for that
year, or the profits derived by the
town from the dispensary or both
if necessary That on the nth Of
July, the town council, by its con-
stituted authorities, executed its note
to the Palmetto Bank & Trust CO.
for 100000 and received thereon
$o6o.oo, the discount being $4,000. I