The Camden chronicle. (Camden, Tenn.) 1890-current, 1907-06-21

bonds foranypurposeshelein specified to
the amount proposed for the particular
purposes as provided by the resolution
or ordinance hereinbelore mentioned,
and the failure of one set or series Of
bonds to receive a majority vote of the
voters shall in no wise effect tide validity
Of the votes cast in said election for an
other series or set of bonds, and said
bonds when issued shall be signed by the
mayor and countersigned by therecorder
OF the town ofBig Sandy and used for the
exclusive purpose for which they were
issued.
Sec. 7. Be it further enacted, that if
bonds are issued under the provisions Of
this act, the town council OF the town of
Big Sandy shall have the right and
power, and they are hereby authorized,
to pledge the faith and the property of
said town for the payment of the princi-
Pile and the interest of said bonds, and
he town council of said town of Big
Sandy is hereby authorized and empow-
to levy and collect annually, beginning
with the year 1908, and for each sue
ceeding year thereafter, and while said
bonds or any Of them are outstanding, a
special tax on all taxable property situa-
ted within the corporate limits of the
town of Big Sandy and taxable under
the laws of the State for corporation
purposes, and to levy and collect spe
cial license tax upon all pursuits, avoca-
tons, and business carried on within the
corporate limits of said town required by
the laws of the State to pay privilege
tax to the State, and to levy and collect
a tax on all polls of said town for the
purpose of paying the interest on said
bonds as it becomes due and to pay the
expense incident to and incurred in the
operation ofsaid waterworks and electric
light plant, and to create fund with
which to pay off and retire the bonds
herein authorized to be issued. Said
board of mayor and aldermen, by its
town council, may also set aside and
appropriate such earnings of said system
of waterworks and electric light plant
or either of them as may be deemed
prudent and adyisablefor the purposes of
payingsemiannua interest ON the bonds
or to meet the expenses incident to and
incurred in the operation OF said water
works and electric light. or place the
same in sinking fund to pay off and re-
tire the bonds herein authorized to be
issued.
Sec. s, Be it further enacted that the
town council may by ordinance adopt
such rules and regulations as may be
advisable for the control and manage
ment of of said system of waterworks
and electric light plant and tx the rate
to be charged for water and lights to the
inhabitants or the parties who may be
furnished with water and lights.
Sec. 8. Be it further enacted, that the
town council of the town of Big Sandy
be, and is hereby, empowered to take
and appropriate such lands or grounds
as they may choose for the location OF
said waterworks and electric light plant
either within or without the corporate
limits of said town for site for water
works and, electric light purposes, for
pumping station or reservoir and light
plant, for water pipe or pipes, for water
lines, and for right Of way for pumping
station or reservoir to water supply, for
water pipe or pipes upon payment of
damages. To exercise this power, the
town council shall by ordinance desig-
nate, the grounds to be appropriated,
and appropriate. the same as provided
for "taking private property for works of
internal improvement''by Sections 1844
to 1886, inclusive OF Milliken and Yer
trees Compilation OF the Statues of the
State of Tennessee,
Sec. 10, Be it further enacted, that this
act take effect from and after its pas
sage, the public welfare requiringit.
Passed April 10, 1907.
e. G. ToIbETT,
Speaker of the Senate.
JNo. T. CUNNINGHAM, JR.,
Speaker of House of Representatives
Apnroved ADril H. 1907