The Robesonian., 1917-03-15


ed, that interest shall be charged
and collected from the first day of
the month: Provided further, that
the aggregate of such loans shall not
exceed four hundred thousand dol
lars; and each six months thereaf-
ter, at the time herein prescribed,
for period of forty-one years and
as long thereafter as the amount
so loaned is unpaid, said counties
shall pay to the State Treasurer five
per cent interest on the amount so
loaned.
Sec. 16. Additional loans may be
made to counties within the limit
prescribed by section nineteen of this
act if another election shall have been
held therefor, as is herein provided,
and if a majority of the votes cast
shall have been "For Good Roads"
Sec. II. If majority of the votes
cast at any such election shall be
against Good Roads," no loan shall
be made to that county: Provided,
however, that said board of commits
sioners shall order another election
for the same purpose after the lapse
of one year upon having presented
to it petition signed by twenty-five
per cent of the voters as herein pro-
vided.
Special Taxes-Tax for Maintenance
of Roads
Sec. 18. There shall be levied by
the proper authorities in each and ev-
cry county accepting a loan or loans,
as provided for in this act, at the
same time other taxes are levied, a
special annual tax for a period of
forty-one years, to be known as the
RoadLoanTax, (which shall be suffici-
ent to pay land which shall be collected
by the sheriff and be used in paying
the semiannual interest on said loan
or loans at five per centum per an
mum. Said tax shall be sufficient to
cover the cost of collection and dis
bursement and the penalty
herein provided for, in case
such penalty should be in
Cured, in addition to the five per
centum per annum which shall be
paid to the State Treasurer by the
sheriff Of the county semiannually
on the first days of December and
June of each year. And a vote au-
thorizing the issuance Of bonds under
this act shall be understood and con-
strued to authorize and empower q
levy of said tax. That there shall
also be annually levied by said board
cf county commissioners at the times
herein specified a separate special
tax for the maintenance of the roads
built from moneys procured under the
provisions Of this act. which special
lax shall be sufficient, after paying
the costs of collection and disburse-
ment: to equal each year, for the first
four years after such loan is made,
four per centum of the amount so
borrowed; each year for the next four
years, eight per centum of the amount
so borrowed; and thereafter, each
year, ten per centum of the amount
SO borrowed, so long as any of said
loan remains due and unpaid to the
State. That if any board of county
commissioners whose duty it is to
levy any tax or taxes under the pro-
visions of this act shall fail or re-
fuse to make such levy, or to make
such rate of levy as is required by
this act, they and each of the men,
hers thereof shall be guilty of a mis-
demeanor, and,upon conviction, shall
be fined personally and severally not
less than two hundred dollars ($2OO)
each, nor more than one thousand
dollars ($1,O00) each, or be impris-
oned not exceeding one year, in the
discretion of the court.
Limitation On Loan to County
Sec. 19. No county shall be allow
ed to borrow money under the pro-
visions of this act to an amount
which, added to the other bonded in
debtedness, exceeds six per cent of
the assessed valuation of the prop
erty of the county.
Townships and Road Districts
See. 20. Townships. and road dis
tricts created by special act of the
General Assembly, may avail them
selves of the benefits of this act up
on compliance with the requirements
herein set out: Provided, that the
bond or undertaking filed with the
State Treasurer shall be executed by
the board or boards of county COM
missioners of the county or counties
in which such townships or road dis
trict is situated. It shall be the duty
of such commissioners to levy and
the duty of the sheriff to collect such
special taxes and make payment
thereof in the manner and under the
penalty set out in section eighteen
Of this act.
Sec. 21. That this act shall be in
force from and after it's ratification.
Ratified this the 21st day of Feb
ruary, A. D., 1917.