Carroll County democrat. (Huntingdon, Tenn.) 188?-1971, 1913-05-09
Publie Law
Chapter No. 1874. Senate Bill
Ma. 52S.


Ma. 52S.
An Act to authorize the mayor
and aldermen of Huntingdon,
Tennessee, to issue bonds toerect,
maintain and equip a school build
inc, to be used as a domitory and
for other school purposes, and to
purchase the necessary real estate
for said purpose if needed.
Section l. Be it enacted By the
general assembly of the state of
Tennessee, that from and after the
passage of this Act it shall be law
full for the mayor and aldermen of
Huntingdon to issue coupon bonds
in the manner and under the re-
strictions hereinafter provided not
to exceed the sum of five thousand
(S5, 100000 dollars; provided said
bonds or their proceeds shall be
used exclusively for the purposes
of erecting, maintaining and equip
ping a school building in the town
of Huntingdon, Tennessee, to be
used as a domitory and for other
school purposes, and to purchase
the necessary real estate for said
purpose if needed.
Section 9. BE it further enact
ed, that all bonds issued under this
Act shall be Of such denomination,
bear such rate of interest not ex-
ceeding six per cent per annum,
be due in such times not less than
ten nor more than twenty years
from date, and be payable, both
principal and interest, at such
times and places as said corporate
authorities may determine, and be
payable in lawful money of the
United States. The said town of
Huntingdon may retain the right
to call in and pay off the principal
of said bonds or any part of the
same at any time after the expira-
ton of two years from date of
their issuance.
Section 3. Be it further enact.
ed, that the bonds provided in this
Act shall in no case be sold for
less than par or face value.
Section 4. Be it further enact
ed, that the mayor and aldermen
shall provide and levy by ordi-
nance a tax upon all taxable prop
erty and privileges in said town Of
Huntingdon, to pay the interest Oh
said bonds as the same accrues,
and in like manner provide sink
ing fund wherewith TO retire said
bonds, this tax to be levied, col
le, ted and used exclusively for the
purposes levied, and to be sufli-
Gent, with its accumulations, as
near as can be estimated. to meet
or retire the principal of said in,
debtedness at or by its maturity.
Section 5. Be it further enact
I'd, that said bonds .shall not be
issued unless so ordered by a vote
Of tie majority of the qualified
voters of said town of Huntingdon
voting at an election to be held for
that purpose by the board of cleo
ton commissioners of Carroll
county on request of the mayor
and aldermen of said town of
Huntingdon. Said election shall
be held at any time or at as many
times as the said mayor and alder
men may deem necessary, and the
said mayor and aldermen may sub
NIT the question of issuing a por-
ton of satd bonds at one election,
and another portion at another
election, until the whole amount of
bonds herein provided for are or
dered to be issued.
At least thirty 500 days notice
shall be given of any election or
Lered to be held under this Act by
publication in a newspaper pub
Iished in said town OF Huntingdon.
Persons desiring to vote for the
issuance Of bonds Shall have writ
ten or printed on their ballots the
words For the Bonds" and per-
sors desiring to vote against the
ISSUANCE of bonds shall have writ
ten or printed on their ballots the
words Against the Bonds The
board of election commissioners of
Carroll county shall appoint an
officer to hold and judges and
clerks to serve at said election.
Section 6. Be it further enlct-
ID, that this Act take effect from
md after its passage, the public
Welfare requiring it.
Passed March &c, 1918.
NEWTON H. WH1rE.
Speaker Of the Senate.
1AT Nj c. .-..,~.-