The commercial. (Union City, Tenn.) 190?-193?, 1915-07-16

iCdnCyp vi tQO0AOlC0 oAdAt OC hAtCe
by the other aforementioned GOOD
Roads Commissioners until the next
August election in 1915; and in case
of vacancy at any time after the
August election 1916, said vacancy
shall be filled by the Governor OF
the State by appointment, said Good
Roads Commissioner, or Good Roads
Commissioners, SO appointed by the
Governor to be residents of the re-
spective territory from which their
respective predecessors in office were
elected, and to hold Office till the
next regular election after his ap-
pointment by the Governor. And
the Good Roads Commissioners UNI
der this Act are further vested with
the authority and power, after the
County Judge and County Court
Clerk of Obion County, Tennessee,
shall have delivered to them said
eight hundred thousand dollars of
coupon bonds issued lit being here
| by expressly made their duty to so
| deliver them) to sell same, but not
at less than their face value, and no
commission shall be paid them for
making such sale; the proceeds of
sale of said bonds shall be deposited
by said Good Roads Commissioners
to their credit as such Good Roads
Commissioners for Obion County,
preferably in the banks of Obion
County, Tennessee, provided that
any bank or banks of Obion County,
Tennessee, or banks elsewhere, re-
ceiving any of such deposits, shall
execute a good and solvent bond for
no cn11 10 hn hIy
the County Judge of Obion County
and by said Good Roads Commission
ers, said bond in each instance to be
in an AMOUNT equal to one and one
fourth times such deposit and to be
conditioned to faithfully account for
and pay over said amount or
amounts so deposited to and upon
the order of said Good Roads Com
missioners. But before said Good
Roads Commissioners shall be au
thorized to receive said bonds from
the County Judge and County Court
Clerk of Obion County they shall
execute good and solvent bond in
an amount equal to one and one
fourth times the amount received or
to be received from the sale of said
bond issue, said bond to be condi-
toned that they will faithfully and
impartially sell said bonds and faith
fully and honestly account for and
disburse the proceeds of sale of said
bonds when sold agreeable to the
conditions of this Act and also con-
ditioned that they will faithfully
and impartially discharge their
duties as such Good Roads Commits
sioners.
Said Good Roads Commissioners
may make a personal bond in part
and a guaranty bond in part, under
this Act if they so desire, or may
make personal or guaranty bond as
whole but if personal bond is
made in part and a guaranty bond
is made in part, then such bonds
shall share liability therein pro
tanto.
Said bond or bonds of said Good
Roads Commissioners shall be ap-
proved by the County Judge of Obion
County and also by the Chancellor
or Chancery Judge holding the
Chancery Court for Obion County,
and shall be filed with the County
Court Clerk of Obion County and be
spread upon the minutes of the
County Court held and presided over
by the County Judge of Obion Coun-
ty (but not the Quarterly County
Court.
Said Good Roads Commissioners
shall also, when said bond issue has
been voted under this Act, and
before receiving said bonds from the
County Judge and County Court
Clerk, take and subscribe to an oath
in writing before the County Court
Clerk of Obion County, Tennessee,
that they will honestly, faithfully
and impartially discharge and per-
form their duties as such Good
Roads Commissioners to the best of
their ability, and said oath shall be
marked filed by the County Court
Clerk and preserved by him as a
record in his office.
If said Good Roads Commissioners
do not make a personal bond, or
make personal bond in part and
guaranty bond in part, the cost of
making such guaranty bond, wheth-
er made in part or as whole, may
be paid by said Commissioners out
of the proceeds of the sale of said
bonds when sold; but if they make a
bond with a guaranty company, in
part or as whole, such guaranty
company shall be a reputable and
solvent company that does business
in the State of Tennessee and that
has complied with the laws of this
State.
Sec. 8. Be it further enacted, That
the County Judge and County Court
Clerk of Obion County, Tennessee,
be and they are hereby authorized
and empowered, when said bond issue
shall have been carried and author
lied under the provisions of this
Act, to have said bonds printed,
Autographed and prepared and de-
liver the same to said Good Roads
Commissioners as aforestated, the
cost of printing, lithographing, pre-
pairing and approving said bonds to
be paid by the Good Roads Commits
sioners out of the proceeds of the
sale OF the bond issue when sold.
Sec. 10. Be it further enacted,
That said Good Roads Commissioners
shall have full control of the grad
ing, improving, locating, changing,
widening, constructing, draining,
building, maintaining and macad-
amizing the public roads hereinbe-
fore mnntiOOpd ond docor;hod -,