Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1917-05-24
Act To Be Voted On by the
Citizens of Marion.
Text of Road Bond Law as Amended
From Former Publication in
These Columns.

AN ACT, authorizing Marion Coun
ty. Tennessee; subject to the ap'
provaT of the qualified voters Of saiG
county, to Issue bonds Of said county
for the purpose of building and i'm
proving the public roads OF said
county. building bridges whore nee
essary. the sale Of said bonds, the
building Of certain specific roads
provided and expenditure Of the
funds yaized from the sale of the
said bonds, and provide for levyins
tax to pay the interest and prin-
cipAl ee said bonds.
Sec. I, Be- 1t enacted by the Gen
eral Assembly of the state of Tsnnes.
see that Marion County. ToAnessee. BY
majority vote of Its qualified alec
tors. 40 hereinafter provided, 10 here
BY authorized and empowered to issue
interest bearing coupon bonds Of said
County In an amount not to exceed
$180, 600. for the purpose of locating,
constructing and improving the public
roads Of said county. and to build
bridgee where necessary.
Sec .. Be it further enacted that
the election commission of Marion
County be, and it is hereby required
within 30 days after the rassage Of
this act, to call an election, appoint
Judges and clerks for holding the
same. for the purpose Of determining
tho will OF the qualified voters of said
county with reference TO the issuance
Of said bonds as herein provided. All
sualified voters In said county shall be
entitled to vote in said election. No
tice of said election shall be given in
some newspaper published In Marion
County for at least two weeks prior to
said election. The tickets to be voted
in said election shall be written or
printed "For Bond Issue, Against
Bond Issue" Tho election officers
snaIl mako returns to the election
commission, showing the number OF
sualified voters voting for said bond
issue, the number voting against said
bond issue. In their respective districts.
The election commission shall then
tAbulate said returns. and il major
ty Of the votes cast in said election
shall be In favor of said bond issue.
this fact shall be certified by said
election commission, to the county
Judge Of Marion County. and the same
sh all be entered upon the minutes OF
the county court of said county. and
bonds shall then be issued In conform
ity to this act. Should majority of
said votes be against said bond issue.
said election commission shall certify
in the same manner and no bonds will
issue under this act.
Sec. 8. Be it further enacted that
the bonds herein provided for shall be
known 90 the Marion County Road
Bonds. Said bonds shall bear inter
est at the rate of per cent per an
num, payable semi annually, and said
bonds shall run for . period Of thirty
years from the date Of their issuance.
Theirs sh2ll be attached to each OF said
bonds q coupon for each instalment OF
semi. annual interest thereon, matur-
ing at the proper date, bearing the
number of said bond to which it is at
tached.
Sec. 4. Be It further euacted thst
said bonds shalt bo signed BY the
county court judge Of said county,
and shall be countersigned by the
oouuty court clerk Of said county with
the clerks official seal attached there
10, and tho coupon attached to each
bond shall be signed By the county