The herald and news. [volume] (Newberry S.C.) 1903-1937, 1917-02-16

In the House Of Representatives
Read the first time February 2.
1917.
A BILL
To Provide for an Election on the Is
sue of Forty Thousand Dollars in
Coupon Bonds by Cromer Town
ship, in Newberry County, for the
Purpose of Constructing and Nam
tanning the Public Roads in Said
Township, and to Provide Sink
ing Fund for the Payment of the
Same, and Commission to EXpeno
the Proceeds of Same
Be it enacted by the General AS
sembly of the State of South Carolina:
Section !. On the---day of april,
1871. there shall be held an election
in Cromer township. of Newberry
county, On the question: of issue Of
forty thousand dollars in thirty-year
six per cent coupon bonds by said
township, for the purpose Of con-
structing and maintaining the public
roads within said township. The
County Supervisor shall appoint the
managers for such election, advertise
the same for at least three weeks,
provide sufficient number OF ballots
for and against such isue, receive the
return. from the managers, and de-
clare the result of the election; and
in case a majority of the ballots cast
thereat shall be in favor of the issue
of said bonds. the same shall be Is
sued as hereinafter provided. The
ballot to be voted at said election,
one-half thereof shall contain, plain
ly written or printed thereon, the
words For the issue Of bonds,' and
the other half Against the issue Of
bonds In case a majority of the
ballots cast at said election shall be
n favor Of the issuance Of said bonds,
.orty thousand collars Of bonds In
denominations OF one thousand dol
lars each, payable thirty years alter
date and bearing interest at a rate not
exceeding six per cent. ner annum,
shall be issued by the Highway Com
mission of said township, as herein
after provided: Provided, That John
NJ. Suber, John L. Miller and W. c..
Scott be. and they are hereby, con-
stituted a Commission fer said town
ship, to be known as the Highway
Commission of Cromer township,
whose term of Office shall be for two,
three and four years, RESPECTIVELY,
to be determined by iot, with power
to elect their successors in Office and
to fill vacancies on said Commission,
which Commission shall at their first
meeting elect one of their number
Chairman and another Secretary, and
is hereby charged with and empower
ed to issue and sell said bonds for
not less than par, and deposit the pro-
ceeds thereof with the County Treas
urer of Newberry county, to be kept
by him as separate fund to be ex-
pended only in the construction and
OF the public roads with
in said township.
Section g. Said bonds shall pc
signed by the Chairman and secre-
tary Of the said Highway Commission,
and they shall affix~ their official seal
thereto: Provided, That the names
may be autographed or engraved on
the coupons of said bonds.
Section 3. The said Highway Com
mission shall keep full and accurate
account of all their acts and doings.
and that each draft or warrant upon
the funds hereinbefore provided for
shall accompany the same, With an
accurate and itemized statement OF
the work for which it is issued to pay.
Section 4. There shall be levied
on all taxable property with
in Cromer township a sum sufficient
TO pay the interest coupons as they
fall due, and also the sum Of
dollars annually, which shall be plac-
ed On deposit at interest in some re-
liable saving institution as sinking
fund for the retirement of said bonds.
The Highway Commission may invest
said Sinking Fund in State or other
public bonds.
Provided, The Highway Commission
herein named shall have full power
and authority to supervise the con-
struction and maintenance of all the
roads and bridges in said township,
SO far as the same may relate in any
manner to the expenditure of the pro-
ceeds of the sale of the bonds under
this Act.
Church Of the Redeemer.
(Rev. Edward Fulenwider. Oastor).