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

WHEREAS, the 58th General
Assembly of the State of Tenn
essee, at its First Extra Session.
by an Act passed on September
25, 1913, approved by the Gov
ernor. September 27, 1913, and
being Chapter rs of the Public
Acts of 1918, authorized the
Counties of Tennessee to issue
negotiable bonds for road inn
provement; and
WHEREAS, it is desirable and
is the sentiment of the people,
qualified voters and taxpayers
of Henry County, Tennessee,
that an election be held in COM
pliance with said Act; and
WHEREAS, in pursuance of
said Act. the Quarterly Court
of Henry County, Tennessee, in
quarterly session assembled, on
this, the Sd day of April. 1916,
being a regular term of said
Court, a quorum Of said Court
being present, desire to call an
election for the purpose of locat-
ing, grading, draining, bridging,
matchmaking, crawling and
constructing a system of high
ways by issuing coupon bonds as
provided by the said Act. 1t is
now the desire and purpose of
this Court to give to the citizens
and legal voters of Henry County,
an opportunity of availing them
selves of the benefit of said Act.
THEREFORE, BE 1T RE-
SOLVED, that an election is here
by ordered to be held in the vari-
Gus voting places in Henry Coun-
ty, Tennessee, on the first Thurs
day in August, 1916, that being
August Sd, 1916; said election to
be held as provided for in said
Act, and the Clerk of the Henry
County Court and the regular
County Board of Election Com
missioners are hereby ordered to
publish the notice of said election
for at least thirty days prior to
said election in all newspapers
published in said County. Said
election to be held for the pur-
pose of authorizing the County
Court of Henry County to issue
bonds for the purpose of locating,
grading, bridging, rnacadamizing
or crawling the roads herein de-
signated, or by tn E use of the
best suitable materials obtaina-
BILE, at the least possible cost,
and as otherwise provided in said
Act. The maximum amount of
said bonds to be issued to be not
more than ten per cent of the
taxable valuation of Henry
County for the year 1915, as
shown by the tax books for said
year, including the present out
standing Indebtedness. The
amount of Two Hundred and
Fifty Thousand $3.50, 900. 00)
Dollars to be issuedin conformity
to said Act.
FIRST: Coupon bonds of said
County in the sum of Two Hun
dred and Fifty Thousand $3.50, :
600. 00) Dollars in denomination,
bearing interest and payable as
hereinafter directed, to be issued
for highway purposes, the amount
as hereinafter set forth, the
amount of the bonds so resolved
to be issued, together with all
other outstanding Indebtedness
of said County, being less than
ten per cent of the taxable values
of said County, as shown by the
assessment of the year 1915.
SECOND: Said bonds shall be
issued in denominations of One
Thousand ($1OOO.0O) Dollars
each, and in denominations of
Five Hundred ($500.00) Dollars
each, and there shall be issued,
twenty (2O) Five Hundred $780,
00) Dollar bonds and two hun
dred and forty (240) One Thous-
and ($i0O0.00) Dollar bonds.
Said bonds shall bear interest at
the rate of five per cent per
annum, payable semi-annually
on the first day of October, and
on the first day of April of each
year during the life thereof.
THIRD: Said bonds shall be
numbered serially, and the prin-
cipal thereof shall be due and
payable on the first day of Octo-
Der each year for a period of
twenty years from October LIST,
1922, the first installment of
Twelve Thousand, Five Hundred
($12, 100000 Dollars being due
and payable on the first day of
October, 1928: and annually
thereafter, on the first day of
October, Twelve Thousand, Five
Hundred ($12, 100000 Dollars of
said principal shall be due and
payable throughout the twenty