The herald and news. [volume] (Newberry S.C.) 1903-1937, 1912-02-16
THE GENERAL ASSEMBLY
IS now NEARING CLOSE
WAREHOUSE BILL AGREED UPON
BY SENATE AND HOUSE.
The Features OF The Bill As Argued
Upon By The Free Conference
Committee.


warehouse bill came in tonight. The
report is harmonious and an agree
ment has been effected. The report
will be printed and the bill will DO
adopted and go to the governor IN
the form reported by the conference
committee.
The conferees were Messrs. John
stone, Clifton and Montgomery, ana
Belser, Mcqueen and Arnold. The
points of difference as agreed upop
in the essential features are:
Change in Section 2.
That Section be amended so as to
read as follows:
Section 2. The chairman of the
board thus created shall be designat-
ed by the general assembly at the
time Of the election, provided for in
section l Of this act, whose duty it
shall be to preside at all meetings of
the commission and have general su-
pervision Of the management of the
business Of the commission, subject,
however, to the approval Of the ma
jority OF the members Of said COM
mission, and it shall be his further
duty to enforce and carry out all such
rules and regulations as may be
adopted by said commission for the
control and management of the busi-
ness provided for in this act.
As to Section 8.
That Section he amended so as to
read as follows: =
Section 8. It shall be the duty Of
the State\ warehouse commission to
provide, by purchase, lease or other
wise, a system Of warehouses at the
most eligible sites in this State capa-
BILE Of storing not less than 100000
bales Of cotton, and the commission
is hereby given power and authority
to employ clerks, architects and such
other agents and employees as in
their judgment they deem necessary,
and adopt rules and regulations not
contrary to the provisions herein set
forth, which, in their Judgment are
necessary to carry out the intent and
purposes Of this act, and the said
commission shall have the power to
enter into contracts with relation to
the matters contained herein, and
may Sue and be sued in any OF the
courts Of this State: Provided, that
only the property held by the said
warehouse commission for the pur-
poses herein mentioned shall be ans
werable in any suit or action against
them
As to Manager.
Section 4. The manager of the
State warehouses shall be appointed,
and his duties prescribed, by the
board of commissioners, who shall
fix the compensation of such manager,
and the said manager shall be sub
ject to removal by the board of CON-
missioners whenever, in their judg-
ment, the public interest demands it.
Section 6. The State warehouse
commissioners is empowered to ac-
quire such property as they may deem
necessary to carry out the purposes
Of this act, such property to be &C
quired by lease or purchase and said
commission is empowered to establish
compress in connection with: said
warehouse system at any point or
points in this State where, in the
Judgment of said commission, it is
necessary or practicable to carry out
the purposes Of this act.
SoctlO1 Z refers to what shall be
stored.
Issuing of Bonds.
Section 8. The State warehouse
commission is hereby and herein au-
thoTized and empowered to issue cou-
ron bonds. in amount not to exceed
s25n.000, Il denominations not less
than s5Ge cach,- and running for a
term Of thirty years from the date of
issue, ; 12g interest at q rate not
to eycee, s 2ec cent. ger annum, the
interest On said bonls TO be payable
sami-a2n:aIi, an5 TO execute IS Sc
c1t':t-' N~~'- .~-'~~~c
t>-' -