The comet. (Johnson City, Tenn.) 1884-1916, 1911-08-24
Published by authority.

An ACT entitled " An Act TO autho
'ize and empower the city of Johnso
4 City to provide for the construction
e fire, police and public comfort station
: for the purchase and improvement {
fire appaTat3s, and the improvement {
: school and other public buildings an
e streets by the issuance of notes, bond
e or other evidences of Indebtedness /
pay for the same, and to levy and coI
lect special tax to provide funds nee
essary to pay said notes, bonds or othe
evidences of Indebtedness.
Section 1.-Be it enacted by the gen
eral assembly of the state of Tennessee
That the city of Johnson City, in Wash
ington county, Tennessee, through il
board of mayor and aldermen, is here
by authorized and empowered TO pro
vide for the construction of fire, police
and public comfort stations, for tn,
purchase and improvement of fire ap
paratus, and the improvement of schoo
and other public buildings, and streets
for and of said city, by the issuance
and sale of notes, bonds or other evi.
dcnces of Indebtedness, to pay for said
Improvements, and TO levy and collect
a special tax TO provide the necessary
finds to pay sand notes, bonds or other
evidences of Indebtedness.
Sec. BE it further enacted, That
any evidences of Indebtedness, issued
under the first section of this act, shall
be of such denomination, bear such
rate OF interest mot exceeding six per
centum per annum), mature at such
time or times, and be executed, issued,
sold and delivered in such manner and
under such conditions and restrictions
as said board of mayor and aldermen
may determine by ordinance.
Provided, however, that if any such
evidences of Indebtedness are issued to
run for a longer period than one year
from date thereof that same shall be
issued serially, maturing annually in
equal amounts, but in no case shall
any of the same be issued for a longer
period than five years from date thereof.
Provided, further, that no greater
amount of such securities, than an
amount equal to one-fourth of one per
cent of the total assessed valuation OF
property within the city shall be-issued
in any one year.
Provided, further, that said securities
shall be free from taxation by the state
of Tennessee, the county of Washing
ton and the city of Johnson City.
Sec. 3.-Be it further enacted, That
the board of mayor and aldermen of
said city shall, when any Indebtedness
has been incurred under this act, levy
a special tax of not to exceed twenty
five cents on each one hundred dollars
in valuation of all taxable property
within the city limits, and taxable by
the city, in any one year, for the pur-
pose of providing funds to pay said in
debtedness so incurred, and no statute
ry limitation of taxation shall render
illegal or uncollectible the special tax
herein provided. The funds arising
from said special levy shall be set apart
and kept separate from the other funds
Of the city, and shall be used only for
The payment of the Indebtedness con-
5racted under this act, and interest
thereon, until all of said Indebtedness
shall haveibeen paid, when the surplus,
( any, shall be used only to pay such
)ther Improvements as are authorized
Dy this act. III by any ordinance or
'esolution of said board of mayor and
or by its order or direction,
'aid funds be used otherwise than as
lerein provided, the aldermen voting
or such ordinance or resolution, or
dining in said order or direction, shall
become personally liable for the amount
If said fund so used.
Sec. 4.-Be it further enacted, That
he Improvements authorized herein
hall be, constructed as provided by
aid board by ordinance, subject to the
general conditions, to wit:
- Said board shall advertise for bids
or any Improvements contemplated
and award the contract for
anne, to the lowest and best bidder, if
my bid is received that is considered
avorable to the best interests of the
ity. (2) If no satisfactory bid is re-
eived, the board shall have the right
0 reject any and all bids, and in such
vent TO re-advertise for bids or proceed
Q do the work by force account under
he supervision OF competent super
and under conditions, pre-
cribed by said board.
Sec. 5.-Be it further enacted, That ,
his act take effect from and after its
'assage, the public welfare requiring it. ,
Passed June 20, 1911.
N. BAXTER, Jr.,
Speaker of the Senate. {
A. M. LEACH,
Speaker House Representatives.
Approved July 4, 1911.
DIN w unnDED