The comet. (Johnson City, Tenn.) 1884-1916, 1911-05-18
PUBLIC LAWS
published by Authority J
Senate Bill No. 6O9.

An act to authorize the county of
Washington to issue and sell not ex-
ceeding Fifty Thousand Dollars $780,
O0O) of Bonds for the purpose of build.
ing courthouse at Jonesboro, the
county seat of said county, and to de-
clare the manner in which said bonds
shall be issued and disposed of, and
the manner in which the proceeds of
said bonds shall be kept and paid out
and said courthouse erected, and to
provide for the payment of said bonds
and interest thereon.
SECTION /.
Be it enacted by the General Assem-
bly, of the State of Tennessee, That the
county court of Washington county is
hereby authorized and empowered by
resolution to direct the issuance Of
bonds of said county, not to exceed
Fifty Thousand Dollars, said bonds
shall be due and payable twenty-five
years from the date of issuance and
shall bear not more than five per cent
interest per annum, payable semi an
nually from the date of issuance.
SECTION 2.
Be it further enacted, That after said
resolution has been passed by the coun-
ty conrt, the chairman of said county
court and the county court clerk shall
cause to be issued the bonds directed to
be issued in said resolution which
bonds shall have upon their face,
Washington comfy court house
bonds, the date on which the same
were issued and the date and time the
same matured.
They shall be signed by the chair
man of said court, and by the county
court clerk. and shall have the seal of
the county court attached thereto.
They shall be numbered, beginning at
number one, and to each bond there
shall be attached coupons numbered
consecutively, beginning at number
one, and having on them the number
of the bond to which they are attach
ed. These coupons shall each be for
the amountof semi-annual interest that
will be due upon said bond, and they
sNsEa be signed by the chairman of the
county court and by the county court
clerk. These bonds shall be in denom-
nations ranging from one hundred to
one thousand dollars, as the county
court may determine.
The expenses of the issuance of said
bonds shall be paid out of the proceeds
thereof.
SECTION 3.
Be it further enacted, That the coun-
to court at the annual meeting at which
the tax rate and tax budget is fixed for
the other county taxes for said county
is hereby authorized, empowered and
directed TO levy tax sufficient to pay
the annual interest upon said bonds
that have been issued, and also to pro-
vide sinking fund to retire said bonds.
Said tax shall be collected by the coun-
ty trustee and he shall be entitled 10
the same compensation for collecting
said taxes as he is allowed for other
taxes, and he shall giy5 good and sol
vent bond, properly conditioned in
sufficient amount to preserve and pro-
tect said fund that shall come into his
hands upon the collection of said taxes
But the quarterly court of said coun-
ty shall have the power to designate
the banking or trust companies in said
county or repositories of said fund,
from which interest may be obtained.
SECTION 4.
Be it further enacted, That the coun-
ty court of Washington county shall |
appoint three commissioners, neither |
of whom shall be members of the coun-
ty court and who shall be tax payers |