The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1917-03-08
Election on Bonds
For School Purposes |
Soon to Be Called

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The following is the text OF the
bill allowing the school trustees to
call an election. Date of the cleo
ton will be set Immediately.
To authorize the school trustees of
Chesterfield School district No. 1s,
in Chesterfield County, to Issue addi-
! tional Bonds for the purpose of
erectia school building and equip
ping Ind purchasing a Lot or
Lots!
sqetion 1. Be it enacted by the
| 9eral assembly of the State of
kSQuth Carolina: That the School
trustees of Chesterfield School dis
sNct No. 18, of Chesterfield county,
| 'and school district including the town
| u Chesterfield, are hereby authorized
and empowered to issue and sell cou-
pom bonds of said school district in
an amount not exceeding five thous-
md dollars, as they may deem neces-
'ary, for the purchasing Of lot or
lots, erecting and equiping an addi-
tional school building in said dis
trlct, as said trustees shall deem ad-
visable: Provided, The question of is
suing said bonds authorized in said
| section shall first be submitted to the
qualified electors of said school dis
trict at an election to determine
whether said bonds shall be issued or
| not, as hereinafter provided.
Section 2. That for the purpose
| of determining the issue of bonds, au-
thorized in section1 of this Act, the
said trustees shall order an election
TO be held in said school district dur
| ing the year 1917 on the question of
whether the said bonds shall be issued
or not, in which election only the
| qualified electors residing in said dis
| trict shall be allowed to vote; and
election for two weeks in a weekly
| paper published in the county of
| Chesterfield shall designate the time
| and place, and appoint the managers
Of said election, and receive returns
of the managers and declare the re-
suits: Provided that the posting of
| said notice of election in three pub
! lie places in said school district f1f-
| teen daysprior to said election shall
be sufficient notice of said election if
said trustees should see fit to do so.
Section 3. That the said trus-
tees shall have printed for the use
Of voters in said election two sets of
ballots, which shall be placed, an
equal number of each, at the polling
place, on one set of which shall be
printed the words, "For the issuing
of bonds" and on the other set of
which shall be printed the words, "a
gainst the issuing Of bonds" If a
ma jority of votes cast at said election
shall be for the issuing of the coupon
bonds provided for the in Section l
hereof, the said trustees shall issue
said bonds, or such amount, not eX-
ceeding five thousand dollars,
as they may deem requisite for the
purposes set fourth in section one of
this act, payable to the bearer, to run
for period not exceeding thirty
years from date of issue, bearing
interest at arate not exceeding five
per cent per annun, to be determined
by said trustees, payable annually
and bonds executed and not sold
shall be cancelled.
Section a. That it shall be the
duty of the county officers of Ches-
terfield county, charged with the as
| al
levy, by direction of trustees of said
school district, such taxes annually
Upon all property, both real and per-
sonal, within the limits of said district
and collect the same as taxes for
State, county and school purposes
as now levied and collected, as will
raise a sum sufficient to pay the int
crest on all bonds issued and sold
under and in pursuance of this Act,
and to provide for a sinking fund
for the retirement of said bonds
The funds so collected to be applied
by the said trustees and the treasur-
or ofChesterfeld county solely to
the payment of the interest on said
bonds; Provided, That any annual
surplus or balance shall be used as
hereinafter provided
Section 5. That all bonds issu-
ed under and in pursuance of this
Act shall be signed by the trustees of
said school district: Provided, That
The signature of said school trustees
may be autographed or engraved
upon the coupons attached to said
bonds and such Autographed or
engraved signature shall be sufficient
signing thereof.
Section 6. That the said trus-
tees shall have the authority to in