The herald and news. [volume] (Newberry S.C.) 1903-1937, 1913-02-14


Bonds to pay indcbte dness of Town
ship No. 9, the purpose OF each bond
being stated on its face, according to
the purpose for which it is issued.
Sec. >. That commission, consist
ing of w. A. McSwain, w A. Hill,
John L. Epps, John C. Goggans and
NJ. NJ. Brford, is hereby constituted
with power and authority to direct
the issue of said bonds, negotiate the
sale Of the bonds authorized by this
act. fix and determine the pro rata
of the expenses authorized in Section
Z of this act to be paid by the county
of Newberry and townships Nos. /, 8
and 9, respectively. Any vacancy in
this commission shall be filled by the
legislature delegation from Newberry
county.
Sec. 3. That special tax OF ......
on all the taxable property Of New
berry county shall be annually levied
to pay the interest on the portion or
part of such bonds as may be neces-
sary to pay past Indebtedness. ANY
surplus remaining each year after
payment of the annual interest on said
bonds shall be set aside as a sinking
fund for the payment of the pr:nci-
pal of said bonds.
Sec. 4. That special tax of ......
on the dollar shall be annually leJ.ci
by the county auditor upon tn t"~-
able property in Mendenhall TOWNSHIP y,
known as township No. s, and collect
ed by the county treasurer at the same
time and in the same manner as othet
taxes. The tax thus collected shall
be annually applied to the payma e OF
interest coupons on such portH2 OF
part of said bonds as may be -
to the sinking fund by the said coun-
ty of Newberry, under the provision
of an act approved the 18th day OF
February, A. D. 1911, appearing as Act
No. 1856, page 345, acts OF 1911. ANY
surplus remaining each wear after the
payment of said interest snail De SO"
aside as a sinking fund for the pay
ment of the principal of said bonds.
Sec. 5. That a special tax of -.
on the dollar shall be annually
levied by the county auditor upon the
taxable property Of Stoney Battery
township, known as township No.
9. and collected by the county trea-
surer at the same time and in the same
manner as other taxes. The tax thus
collected shall be annually applied to
the payment of interest due On such
portion or part of bonds as may be
necessary to pay the Indebtedness d.
the commissioners Of the sinking fund
by Newberry county, under authority
of an act approved the 14th day OF
February, 1911, appearing as Act No
1911, page 351, acts of 1911. Any sur
plus remaining each year after pay
ment of the annual interest on said
bonds shall be set aside as sinking
fund for the payment of the principal
of said bonds.
Sec. 6. That there is hereby levied
annually a special tax of ...... mills
on the dollar upon the taxable/proper-
ty in township No. l, of Newberry
county, and collected by the county,
and collected by the county treasurer
at the same time and in same man
ner as other taxes. The tax thus COL
lected shall be annually applied to
the payment of the interest due on
said portion or part of said indebted
ness incurred by the county of New
berry, under authority of am act ap-
proved the 14th day of February 1911,
appearing as Act No. 191, page 354
acts of 1911, and the balance due on
said bonds issued in aid Of the Col
umbia, Newberry and Laurens Rail
road. Any surplus remaining each
year after payment of the annual in
terest on said bonds shall be set aside
as a sinking fund for the payment of
the principal of the said bonds.
Sec. {. That said bonds shall not
be sold at less than par; Provided,
That the expenses of issuing and SELL
ing said bonds shall be paid from the
proceeds of their sale. The said ex-
penses, including actual exp Fes OF