The herald and news. [volume] (Newberry S.C.) 1903-1937, 1913-10-28
HAD TO CHANGE TAX LEVY.
Failure to Sell Bonds Required Audi.
tor to Change Tax Levy in Three
Townships.

! At the last session of the legisla-
ture the delegation from Newberry
county created commission to sell
a sufficient number of bonds to take
up the indebtedness for railroads in
townships Nos. l, and 9, and also to
pay past Indebtedness Of the county
That commission is composed of the
county supervisor, the county treas
urer, the county sheriff, the
county clerk of court and W. A. Nc
Swain.
The railroad Indebtedness in town
ship No. l on the first of January for
the Augusta, Edgefeld and Newber-
rv railroad was $15,115.14; No.
township $5,sS1.46. The c. N. & L.
in No. l township had outstanding
about s2,5OO.OO and No. 9, $2,654,20
making a total Indebtedness On the
first of January Of about $26,OOo.OVo
for railroads in the three townships.
The commission proposed to issue
$40 100000 of county bonds to take
care of the past Indebtedness and the
Indebtedness of the townships Tor
! railroads.. The bonds were sold to q
syndicate, but when the attorneys
came to look into the legal aspects or
the case, some defect in the act was
discovered, so far as it undertook to
care for the railroad Indebtedness OF
fine townships, and, therefore, the
syndicate declined to take the bonds.
Later the commission has sold TO
the same company $22,OOO.OO of coun-
ty bonds, with which to pay the past
Indebtedness, and it is thought that
thsse bonds will run the gauntlet sue
cessfully with the attorneys for the
company purchasing the bonds, ana
that in short time the money Will be
in hand to pay the past Indebtedness
of the county.
The act creating the commission
and providing for an issue OF bonds
authorizes the county aditor to l:Vy
in No. l township two-thirds mills 10
nav the interest and create sinking
fund for, the railroad Indebtedness OF
that township, and one-fourth OF
mill in. No. 8 township and one and
one-half mills in No. 8 township.
County Auditor Werts had made up MS
books and his duplicate for the county
treasurer. charging the aoove levy In
the various townships. After the
failure of the commission to dispose
of the bonds to take up this indebted
ness of the townships to the state
Sinking Fund commission, 1t became
necessary for the auditor to change
his books and the levy in the three
townships, but before doing so he con-
suited the attorney general. In an
opinion by Assist Atty General Fred,
H. Dominick, the auditor is directed TO
nlace on his tax duplicate for New
berry county a special tax, provided
for under which loans set out in the
said acts we're made for the purpose
/ Of repaying said loans.
The opinion says: ''As the loans
nave not been repaid to the sinking
fund commission, it is your duty to
continue to place THIS special levy
upon your duplicate each year until
the loans are repaid in full to the
sinking fund commission. Therefore,
instead of the levies which have BEEN
placed upon the duplicate, as stated
above, the auditor had to change his
books in the three townships so as
to place levy on No. / of two mills;
No. 9 two mills, and No. 8 three mills,
with which to raise the money to re-
pay the sinking fund commission.
In order to provide for the payment
of the interest on The bonds and to
create a sinking fund to pay the bonds
issued for past indebtedness, the act
! provides a levy Of ons-fourth Of one