The herald and news. [volume] (Newberry S.C.) 1903-1937, 1913-02-14
TO PROYIDE BONDS
FOR NEWBERRY COUNTY
TO PAY PAST INDEBTEDNESS OF
COUNTY AND RAILROAD BONDS
Bill Introduced by Mr.. MOWer-C0m-
mission Appointed to Sell
Bonds.
to The Herald and News.

Columbia, Feb. 13.-The following
appears in the journal Of the house
for February 10, and is Of interest to
the people of Newberry county. 1t
provides for an issue Of bonds to pay
past Indebtedness and also to take up
money borrowed to pay railroad bonds
by an issue of bonds for townships
number one and eight.
The amount of the levy to pay the
bonds is left blank and will probably
he inserted as an amendment when the
bill IS taken up in the senate.
1t went to the senate on Tuesday.
Third Reading Bill
The following third reading bill
was taken up in regular order:
H. 379.-The Newberry Delegation.
A bill to authorize Newberry county
to issue bonds for the purposes here
in mentioned.
Mr.. Mower asked, and obtained,
unanimous consent to offer the follow
ing amendment, which amendment
was unanimously adopted:
An1e G House Bill No. 379 as fol-
it
Insert the following between the
-" Bill and the enacting
words:
Whereas, The said county of New
berry has borrowed funds from the
commissioners OF the sinking fund,
certain moneys to pay the bonded
debt of township No. l, in said county,
issued in aid of the Augusta, Edge
field and Newberry Railroad, under
authority of an act approved the 14th
day of February, 1911, appearing as
Act No. 1914, page 354, Acts Of 1911:
and.
Whereas, the said county of NeWber-
ry has borrowed funds from the COM
missioners of the sinking fund to pay
certain railroad bonds Of Menden-
hall township, known as township
No. s, to pay the bonds issued in aid
of the Augusta, Edgefeld and New
berry Railroad, under authority OF
an act approved the 18th day OF Feb
ruary, A. D. 1911, appearing as Act
No. 1856, page 345, Acts of 1911; and
Whereas the said county Of New
berry has borrowed funds from the
commissioners of the sinking fund to
pay certain railroad bonds OF Stoney
Battery Township of said county,
known as township No. 9, to pay the
bonds issued by said township in aid
of the Columbia, Newberry and Lau-
rens Railroad, under authority of an
act approved the 14th day of Febru-
ary, 1911, appearing as Act No. 19l'
page 351, Acts of 1911; and,
Whereas, the said county is required
TO pay said loans to said commission
ers of the sinking fund, prior to their
liquidation by the proceeds Of the
special taxes levied for the payment
thereof; and,
Whereas, the past Indebtedness OF
Newberry county is estimated to be
more than seventeen thousand d.
OO00O) dollars; and,
Whereas, certain bonds issued Tor
township No. l, of Newberry county,
in aid Of the Columbia, Newberry and
Laurens railroad aggregating FIVE
thousand (s5,00O00) dollars, matured
January 2, 1913, and the taxes pro-
vided for the payment of the same
have proved insufficient; therefore,
strike out all after the enacting words
and insert the following after the en-
acting words:
Section /. That the county of New
berry be, and is hereby, authorized to
issue coupon bonds for an amount
sufficient to pay Off and discharge said
past Indebtedness, and SO much of the
said Indebtedness to the commission
ers of the sinking fund, On account
of the loans Of above referred to as
may remain due there on, respectively,
after the application Of the special
taxes of 1912 thereto, and the ex-
penses authorized in Section I of this
act, and so much Of the indebtness of
township No on bonds issued in aid
of the Columbia, Newberry and lau-
rens Railroad Company as may remain
unpaid after the application OF the
special taxes levied, and now in hand
for application thereto. That said
bonds shall be payable in twenty
years from the first day of January,
1918, and shall bear interest at rate