The Parisian. (Paris, Tenn.) 1907-1962, 1916-06-30

coupons shall be issued as herein
resolved. Said bonds to bear the
manual signature of both the
Judge and the Clerk of said Court,
with the seal of said Court, and
said coupons shall be executed by
both the Judge and Clerk of said
Court with their Autographed sig
natures.
SIXTH: The proceeds of any
sale or sales of said bonds as
herein provided for shall be used
for the purpose of locating, grad
ing, draining, bridging, maca-
damizing or crawling and COM
pleting the roads hereafter de-
signated in this resolution by this
Court, the same setting forth the
roads to be built and improved,
naming the starting and ending
point, and the general course and
the approximate number of miles
thereof, and when especially
authorized by this Court, of &C.
curing right-of-ways for high
way purposes.
SEVENTH: Annually, at the
January Term of this Court, be-
ginning at the January Term,
1917, and continuing until and
including the January Term,
1922, there shall be levied and
imposed a tax upon all taxable
property of said County, includ-
ing all property within the limits
of any Incorporated City or town
in said County, sufficient for the
purpose of paying the interest
on said bonds; and at the January
Term, 1922, and annually there
after at the January Term Of
this Court, through a period of
twenty years, there shall be
levied and imposed, a tax upon
all taxable property of said
County, including all property
within the limits of any incor-
porated City or town in said
County, sufficient for the pur.
pose of paying the interest on said
bonds, and of creating a sinking
fund adequate to the payment of
the principal of said bonds as
herein before provided, and of
creating an annual fund, equal
to two per cent of the bonds
issued under this order and re-
solution, to be used in maintain
ing and repairing the roads to be
built out of the proceeds of said
bond issue. The County Trustee
of said County shall collect and
account for said tax the same as
any other taxes of said County,
and shall receive compensation
for the collection thereof as here
after fixed by this Court, not to
exceed one per cent of the tax
so collected. 1t shall be the
duty of said Trustee to take ad-.
vantage of all laws on the statute
books of the State of Tennessee
to enforce the collection of this
tax, the same as any other tax
of the County or State, and said
funds arising from said tax
shall in no event be used for any
other purpose than as provided
for in this resolution.
EIGHTH:The bonds hereby or
dered and resolved to be issued
shall be sold upon thirty days
notice by publication duly made.
Said publication shall be made by
newspaper advertisements in one
or more newspapers at Paris and
at Nashville, Tennessee, copies
of which shall be mailed to the
leading bond firms of the country.
Said sale of said bonds shall be
by competitive bidding, and I'M
der the supervision of the Judge
of this Court, the Revenue Com.
missioners of said County and
the Finance Committee, consist
ing of said Judge, the County
Trustee and three members of
of this Court, to be appointed by
this Court. and who shall con-
stitute the County Finance Com
mittee of said County. But in
no event shall said bonds be sold
for less than the face value and
accrued interest to date of sale.
A report in full of their action
shall be made to the term of this
Court next following any sale so
made and spread upon the min
utes of this Court. Sales of said
bonds shall be made at such time
and times and in such amounts
as will adequately meet and
liquidate the expenditures made
and incurred in the construction
of said roads to be built and i'm
proved, hereafter designated.
The proceeds of said sale shall
be deposited in Henry County
Banks, and each bank in said
County shall receive its proper
tionate share of said deposits. in