The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1915-10-20

An OrQlQaDCe W Levy duu SOilSCI dA-
es in the Town of Manning for the
purpose of Paying the Interest on
the Bonded Indebtedness of the said
Town, and to Retire the said Bonds.
Whereas On or about the 2lst day OF
July A. D.. 1914, an election was held
in the Town of Manning in which the
qualified electors thereof voted upon
the question whether or cot the said
Town should issue and sell Thirty
Thousand Dollars in Coupon. Forty
year bonds for the purpose of establish
ug, maintaining and conducting a sys-
tenn OF waterworks in AMI for the said
town, known as Waterworks Bonds,
and whereas the said election resulted
in favor of the assurance OF said Bouds,
and the same have been duly issued
and sold, and
Whereas oa or about the 21st day of
July, A. D., 1914. an election was held
in the Town of Manning in which the
qualified electors thereof voted upon
the question, whether or not the said
Town should issue and sell Ten Thous-
and Dollars in Coupon. Forty year
bonds for the purpose of establishing.
maintaining and conducting a system
of Sewerage in and for the said Town,
known as Sewerage Bonds, and where
as the said election resulted in favor
of the Insurance of said Bonds, and the
same have been duly issued and sold.
And whereas by the assurance and
sale of the said Waterworks Bonds and
Sewerage Bonds, Bonded Indebted.
ness has been incurred by the said
Town in the sum OF Eorty
Thousand Dollars. and it is necessary
TO- provide foc the payment of the inter
est on the said Bonded indebtedness,
and the retirement OF the said Bond,
Now therefore,
Be u Ordained by the Mayor and
Wardens OF the Town of Manaing. and
by authority of the same:
/. That an annual tax of three mills
upon the assessed valuation Of the prop
erLy of The said town, both real and
pers onal, be and the same is hereby
levied, 10 be in like manner and at the
same time that other taxes of The said
town are collected.
2. That the'sad three mill tax levy
be and tae same is hereby, Ordaiueo to
be permanent tax levy until this Or
dinance shall be repealed or the said
tax levy be reduced by amended crdi-
uaLcs, and the proceeds or taxes aris-
Ing from the SAID levy shall be kept
account of in separate account from
the olher taxes and receipts OF fnDds
coming int, Lbe Treasury OF the Said
town, and the same shall be applied
ONLY to the payment Of interest due on
the said waJerworkS bonds, and the re-
lirement OF the said bonds. according
to the terms of the sale of said Bonds,
and the redemption thereof. PRO
VIDED, that nothing herein contained
shall prevent the keeping Of the actual
funds arising from the said tax levy n
Bonds or other depository along with
other funds of the town.
3. That an annual tax OF one mill
upon the assessed valuation OF the
property OF the said town, both real
and personal, be and the same is here
bv levied, to be collected in like mar
ner and at the same time that other
taxes of the said town are collected
4. That the said one mill Tax levy
bs and the same is hereby ordained 10
bc a permanent tax levy until this Or
dinance shall be repeated or the said
tax levy be reduced by amended Ordi-
nance. And The proceeds or taxes
arising from rhe said levy shall be
kept account of. 10 sepera'e account
from the other taxes and receipts OF
funds coming into the Treasury OF the
said town, and the same shall be ap-
piled only To the payment OF interest
que on the said Sewerage Bonds, and
t he retirement of the said Bonds, ac-
cordipg to the terms Of the sale OF the
said Bouds aid the redemption there
of.
PROVIDED that nothing hereiu
contained shall prevent its keeping OF
the sctaal fuods arising from the said
tax levy in Bank or other depository
along with other funds OF the said
town. i
Done and ratified in Council assem-
bled this 7th day of October 1918.
"A. G. Bradham,
Mayor.
T. NJ. Wells,
Clerk and Treasurer. |