The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-06-11

HEl- coupons ne-a-%--@ 2--@+- N
'f-- receivable TO- all taxes ala dle7
20 the corporation, except Lhe S-L ,a-L !
Fund Tax provided for by the IO4-oN
.u- section
Sc. 2. b. IL further enacted, tna'
before aUv bonds shall be- ISSUED under
-ag foregoing provisions. the c9rl
ton shall provide D. ordinance loI q
-inEEuz fuad wherewith 10 retire the
bonds by --vying a special tax SAM
90 h. DESIGNATED the sinking FuLl
Tav~ 70 be collected annually and
r.4B exclusively for the purposes lev
lad and 10 be sufficient, with lis &C
rruuIatious as near as may be esll-
mated 10 meet or retire the princlpal
indebtedness by its maturity
Sc s. Be il further enacted. Ihat
said CORPORATION. through its Board OF
Navor and Aldermen, before issuing
he bonds. shall elect three persons
citizens. sinking Fund Commissioners
Vho shall be so first elected that one
rf said Commissioners, shall be elect
aa-oue for one year. one Tor TWO
v-ars and one for three years and
every wear thereafter one shall De
elected 10 serve for three years, SO
10 Keep Nut uulADN4 VI
ers al three al all times.
Sec. :. Be il further enacted Iha'
said Commissioners shall take an oa'h
N faithfully discharge their duty ana
give bond under such penalty and con-
dition and serve for such eompensa-
ton as may be provided by ordinance.
Sec. :. Be il further enacted, mat
such Commission shall receive the
sinking-fund tax and invest the same
from time 10 time in bonds OF the cor
rorarion if any are redeemable, or
otber. securities TO be approved by the
BOARD of Mayor and Aldermen until
the bonds become redeemable, and set
rle their accounts as may be required
nv ordinance: provided. however, that
when any bond is purchased or re-
deemed. il shall be Cancelled or de-
stroved in the presence of the Board
of Mayor and Aldermen and record De
kept of same.
Sec 9. Be it further enacted, That
the said bonds shall not be issued, ex'
cent so authorized by two-thirds OF the
votes cast by qualified voters voting
at an election to be held by order OF
the Board Of Mayor and Aldermen at
anv time and as many times as the
Mayor and Board of Aldermen may
deem necessary.
Sec. 10. Be it further enacted, That
the town of Spring Hill created oy
this Act shall succeed to all the prop
erty of every description owned, man
aged or controlled by the town OF
Spring Hill chartered by the Secretary
of State, December 29, 1900, and that
all tax levies heretofore made by said
town of Spring Hill are hereby vail
dated and affirmed, and all taxes, fines,
or forfeitures now due or hereafter 10
become due, and all rights OF every
kind of the said old town OF Spring
Hill are hereby vested in the new town
of Spring Hill created by this Act, and
said new town shall succeed to and
be charged with all debts and HabiH'
ties of said old corporation.
Sec. IL. Be 1t further enacted, That
all ordinances and resolutions hereto
fore enacted by the said old corpora
ton are hereby ratified, and shall be
deemed and treated as the laws, ordi-
nances. and resolutions OF this new
CORPORATION the same as II the same
had been regularly passed under the
provisions Of this charter, except In SO
far as the same may conflict with this
Act. but they shall only stand so long
as not altered, changed, or repealed
by the Board of Mayor and Alder
men provided for herein; but until so
altered, modified, or repealed. all OF
said ordinances or resolutions shall
remain in full force and effect.
10 1
this Act is declared to be public
Act. and may be read in evidence In
all the courts Of law of equity, and
all ordinances, resolutions, and pro-
ceedings of the Board OF Mayor and
Aldermen may be proved by the GER
tifcate and seal Of said corporation, |
and the same shall be received as evil
dence in all courts without further
proof
Sec. 10. Be It further enacted, That !
all laws or parts of laws in conflict |
with this Act are hereby repealed, and |
that this Act take effect from and after /
its massage, the public welfare requir- !
ing it. |
Passed April &c, 1909
NJ. HILLSMAN TAYLOR,
Speaker of the House of Representa- !
tives
VIM KINNEY,
Speaker of the Senate.
Approved April so 1909.
MALCOLM R. PATTERSON, !
Governor.
A true Copy-Attest:
HALLUM W. GOODLOE,
Secretary of State.