Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1912-02-16

of the low freight rates as compared
with the transportation cost In the US
ual manner.
THE WAREHOUSE BILL.
The free conference committee report
on the state warehouse bill was made
Wednesday night. According to the
News and Courier, the report is har-
monious and an agreement has been
effected. The report left nothing un-
done except the printing Of the bill,
with the practical assurance Of its
adoption by both houses, after which
it would go to the governor for his ap-
proval.
The conferees were Messrs. John
stone, Clifton and Montgomery, and
Belser, MCQUEEN and Arnold. The
points Of difference as agreed upon
in the essential features are:
That Section be amended so as to
read as follows:'
Section 2. The chairman Of the
board thus created shall be designated
by the general assembly at the time OF
the election, provided for In section l
of this Act, whose duty 1t shall be to
preside at all meetings Of the COM
and have general supervision
Of the management Of the business OF
the commission, subject, however, to
the approval of the majority Of the
members of said commission, and 1t
shall be his further duty to enforce
and carry out all such rules and regu-
lations as may be adopted by said
for the control and man
agement of the business provided for
in this act.
That section be amended 30 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, q system Of warehouses at the
most eligible sites in this state cap
able Of storing not less than 250,000
bales Of cotton, and the commission is
hereby given power and authority 10
employ clerks, architects and such
other agents and employees as In their
judgement they deem necessary, and
adopt rules and regulations not con-
trary to the provisions herein set forth
which, in their judgment, are neces-
sary to carry out the intent and pur-
poses Of this act, and the said COM
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
held by the said warehouse
commission for the purpose herein
shall be answerable In any
suit or action against them.
Section 4. The manager Of the
state warehouse shall be appointed,
and his duties prescribed, by the board
of commissioners, who shall fix the
of such manager, and
Al 81, IA IN
by the board Of commission
ers, whenever in their judgment, the
public interest demands 1t.
Section 6. The state warehouse
Is empowered to &C
quire such property as they may deem
necessary to carry out the purpose OF
this act, such property to be acquired
by lease or purchase, and said COM
mission Is empowered to establish q
compress in connection with said
system at the point or
points in this state where, in the judg-
ment Of said commission, 1t Is neces-
sary or practicable to carry out the
purposes Of this act.
Section refers to what shall be
stored.
Section s. The state warehouse
Is hereby and herein au-
and empowered to issue cou-
pom bonds, In amount not to exceed
s250,000, in denominations not less
than $500 each, and running for
q term Of thirty years from the date
Of issue, bearing interest at the rate
not to exceed per cent per annum,
the interest on said bonds to be pay
able semi-annually, and to execute as
for said bonds q mortgage or
of frt,a OF said
may then own, with the
right to said commission to retire, by
purchase, any or all Of said bonds at
The end Of twenty years from the date
IF issue, the proceeds of said bonds TO
be used only for carrying out the OBJ
Iects and purpose of this act
In the meantime, and until said
shall find itself able to
ssue anu negotiate the sale Of said
bonds as herein provided, 1t shall have
power and authority to borrow money
upon the notes Of said commission,
not exceeding the sum Of $3.50, 900,
said notes to run for not exceeding
i've years, and to bear interest at q
mum, said notes being subject to re-
newal from time to time in the dis
,retion of said commission, and the
proceeds of said notes to be used In
,arrying out the objects and purposes
)f this act, and that as security for
he money so borrowed on said notes,
said commission shall have the right
% pledge, by way Of mortgage or deed
Of trust, property, real, personal or
mixed, which 1t may then own: Pro-
,ided, that notes shall be taken up
Ind retired when the bonds herein
provided for have been Issued, nego-
lated and sold.
Provided further, that the bonds and |
he notes herein provided to be issued !
ire not to be debt or obligation OF
he state of South Carolina Provid- |
ID, further, that nothing contained in
his section is intended to prohibit
aid commission from borrowing, tenn |
from time to time, on its
lotes such amounts Of money not ex-
ary for the proper conduct OF the |
business Of said commission.
That Section IA be amended so as
o read as follows:
Section IA. The compensation OF
he chairman shall be $2.100 per an
lum, and the compensation Of the
,ther members Of the board shall be
IS per day for each days attendance,
md two and one-half cents per mile
or each mile actually travelled, and
'ther necessary expenses actually in
urred in the discharge Of their duties
hereunder.
Section 16 The sum Of $1,000 Is
hereby appropriated for the contin-
,ent expenses of said board, and
250. 900. divided into two equal In
tallments of $125,000, in 1912, and
1926, ,000-in 1913, to carry out the pur-
,oses of this act Is hereby appropri-
ted, provided that the attorney gen.
raj of the state Immediately after the
pproval Of this act shall institute In
he supreme court proceeding
gainst the said commission for the
purpose Of determining the constitu-
ionality of this act, and that no part
f the moneys herein and hereby ap-
ropriated shall become available un-
II the termination Of said proceed
ngs. The premiums on all bonds re-
uired Of officers and employees under
he terms of this act shall be paid out
( the funds Of the commission. |,
XII. Add Section II to read as fol-
ows: Il
Section II. This act shall go into
fleet Immediately upon Its approval
v the governor.
LOCAL LAcoNIcs.