The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1915-10-27

y
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 upoa
the question whether or not the said
Town should issue and sell Thirty
Thousand Dollars in Coupon. Forty
year bonds for the purpose OF establish
ing, maintaining and conducting a sys-
tenn of waterworks in ana for the said
town, known as Waterworks Bonds,
and whereas the said election resulted
in favor of the assurance of said Bonds,
and the same lave been duly issued
and sold, and
Whereas on 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 assurance 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, a Bonded Indebted
ness has been incurred by the said
Town in the sum OF Eolty
Thousand Dollars. and it is necessary
TO provide for the payment of the utter
est 90 the said Bonded indebtedness,
and the retirement of the said Bond,
Now therefore,
Be 1t Ordained BY the Mayor aud
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
erty OF the said town, both real and
personal, 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 said three mill tax levy
be and the same is hereby ordained to
be permanent tax levy until this or
dinance shall be repealed or the said
tax levy be reduced by amended ordi-
naLce and the proceeds or taxes aris-
Ing from the said levy shall be kept
account of in seperate account from
the other taxes. and receipts OF fuods
coming into the Treasury OF the said
town, and the same shall be- applied
onlv to the payment of interest due on
the said waterworks bonds, and the re-
tirement OF the said bonds. according
Ito 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 IN
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 personak be and the same is here
by levied, to be collec,ed 10 like man
per and at the same time that cJher
taxes of the said town are collected
4. That the said one mill Tax levy
be and the same is hereby ordained 10
be a permanent tax levy until this or.
dinance shall be repealed or the said
tax levy be reduced by amended Ordl.
nance. And the proceeds or taxes
arising from the said levy shall bs
kept account Of. 10 seperate 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 interes!!
due on the said Sewerage Bonds, and
the retirement of the said Bonds, ac-
cordipg to the terms of the sale of the
said Bonds and the redemption there
Of
PROVIDED that nothing herein
contained shall prevent its keeping ol
the actual funds arising from the said
tax levy in Bank or other depository
along with other funds OF the said
town.
Done and ratified in Council assem-.
b!ed this 7th day of October 1915.
A. G. Bradham,
Mayor.
T. NJ. Wells,