The herald and news. [volume] (Newberry S.C.) 1903-1937, 1917-03-16
THE ACT PROVIDING
ELECTION CROMER TOWNSHIP

The All PRUSIUlNU
ELECTION CROMER TOWNSHIP
An Act.
To Provide for an Election on, the Is
sue of Forty Thousand Dollars in
Coupon Bonds by Cromer Township,
in NeHberry County, for the Pur-
pose of Constructing and Maintains
ing the Public Roads in Said Town
ship, and to Provide Sinking Fund
for the Payment Of the Same, and
a Commission to Expend the Pr'
ceeds of Same.
Section l. Be it enacted by the
General Assembly Of the State OF
South Carolina: On the 9th day of
April, 1917, there shall be held an
election in Cromer township, of New
berry county, on the question OF issue
of forty thousand dollars in thirty
six year. six per cent. coupon bonds
by said township, for the purpose OF
constructing and maintaining the pub
lie roads within said township. The
County Supervisor shall appoint the
managers for such election, ad 2rt1se
the same for at least three weeks
provide sufficient number OF ballots
for and against such issue, receive
the returns from the MANAGERS, ana
declare the result of the election; ana
in case majority of the ballots cast
thereat shall be in favor OF the issue
of said bonds, the same shall be ls-
sued as hereinafter provided. The
ballot to be voted at said election
one-half thereof shall contain plainly
written or printed thereon the words
"For the issue of bonds" and the otn-
er half Against the issue of bonds.
In case a majority of the t%ilots cast
at said election shall be in favor OF
the issuance of said bonds, forty
thousand dollars of bonds in denoml-
nations of one thousand dollars each,
payable thirty years after date and
bearing interest at rate not exceed
ing six per cent. per annum. shall De
issued by the Highway Commission
of said township as hereinafter pro-
vided: Provided, That John NJ. Su-
ber. John L. Miller, w. c. Scott and
q. H. Suber be, and they are hereby,
constituted a commission for said
township to be known as the Hlgh-
vav Commission of Cromer township
whose term of Office shall be for two,
three and four years, respectively 70
be determined by lot, with power to
elect their successors in Office and TO
fill vacancies on said commission,
which commission shall at their hrst
meeting elect one Of their numoer
Chairman and another Secretary ana
is hereby charged with and empc NJ
ed to issue and sell bonds FOR not / IS
than par, and deposit the proceeds
thereof with the County Treasurer OF
Newberry county, to be kept by nm
as separate fund to be expended
onlv in the construction and malnte-
nance of the public roads within SAID
township.
Sec. 2 Said bonds shall be sigh-
ed by the Chairman and Secretary OF
said Highway Commission, and they
shall affix their official seal thereto:
Provided, That the names may De
Autographed OT cASi q Noo VA
pons of said bonds.
Sec. 3. The said Highway Com
mission shall keep full and accurate
account of all their acts and dolnss'
and that each draft or warrant upon
the funds hereinafter provided for
shall accompany the same with an &C
curate and itemized statement, OF the
work for which it is issued to pay.
Sec. 4. There shall be levied an
nually on aAtaxable property within
Cromer township a sum sufhclent TO
nav the interest coupons as they snail
fall due, and also a sum annually
sufficient to liquidate the debt IN
thirty years which shall be placed on
de2osit at interest in some rei1aole
savings institution as fund for the
retirement of said bonds. The High
way commission herein named snail
have full power and authority to sa-
pervise the construction and NAM
tenance of all the roads and bridges
in said township, so far as the same
NAV relate in any manner to the ex-
penditure of the proceeds of the SAFE
of the bonds under this Act.
Section 5. The said Highway Com
mission shall receive $500 per day
for time of actual service rendered,
and reasonable incidental expenses
Approved the 26th day of February,
A. D., 1917.