The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1917-01-03

himself to be whenever the oppor-
tunity presented itself. In honoring
his memory his family are carrying
on the good work that was char
acteristic OF his active labors whilst
amongst US. and this Is the most ft-
ting and enduring memorial Of a uso-
full life.
The City Council Of the City of Sum-
ter.
The Board OF County Commission.
ers, Sumter. 8. G.
Sirs: Az q memorial to my hus-
band, Altanmont Moses, my children
and I have decided to establish a loan
scholarship fund. the income from
which shall be used to help Sumter
county boys and girls to obtain an ed
ucation. That this fund may be best
handled. and. as far as humanity pos
sible. Its usefulness perpetuated, we
propose that an eleemosynary asso-
citation be chartered, which shall
handle 1t. To this end. we are anx-
ious that each Of your honorable
bodies should aid by selecting two
members OF said organisation.
Our plan is: That the interest from
the investment Of the fund shall be
loaned annually t0,a Sumter county
egoeexa@ksf-adileatinnal parpases, the
loen 20 be made always where the
assoclation thinks will be 0 effec-
tive.
The borrower is to give his or her
note for the amount borrowed to be
paid as Don as the borrower Is able.
No note is to bear interest while the
borrower Is a student. but is to bear
simple interest at a rate not exceeding
four per cent. per annum after the
period Of study is over. and until
paid.
All repaid loans are to be reinvest-
ed or reloaned as the Association
deems best.
That an association be formed for
this purpose to be chartered under
the name Of the Altamont Moses
Scholarship Loan Fund Association,
and to consist of three members here
In named; two named by City Council,
and two named by the County Com
~missioners. and their respective sue
cessors. All members of the asso-
citation shall serve without compensa-
tion.
That City Council name two MEM
Der. one for a term expiring July LIST,
1918 and n for a term expiring July
LIST. 1919: that the County Commits
sioners name n member for a term
expiring July LIST. 1918. and one men,
Der for o term expiring July LIST, 1920.
1 hereby name Herbert A. Moses for
a term expiring July LIST. 1920: Henry
r. Moses for a term expiring July LIST,
1919. and Arthur 8. Hardy for a tern,
Expiring July LIST, 1918. That at the
expiration Of the terms of the mem
bers originally named and elected,
their successors be elected for the
term of three years from such expira-
ton. That should a vacancy occur
during a term, 1t shall be filled for
the balance Of the term.
That City Council and It's successors,
shall fill vacancies or expirations OF
the memberships originally elected
by 1t; that the Board Of County Com
missioners, and it's successors, shall
fill vacancies or %expirations of the
memberships originally elected by it;
that e%xpirations or vacancies amone
the three memberships named by US
shall be filled by the remaining mem
bers named by us. and their success.
sors. That upon the occurrence of q
vacancy, the association shall call at.
tention of the electing body to such
vacancy; that. IL necessary, attention
shall be called q second time. ant
II the electing body shall refuse O,
neglect to I'LL the vacancy, or expira.
ton within six months after such sec.
ond notice. then the Association shall
fill the vacancy or expiration.
That, in the future, should condi
tons so arise that. for q space OF iv,
years, there Is no use Of his fund un
der the provisions Of this letter, tn,