Carroll County democrat. (Huntingdon, Tenn.) 188?-1971, 1919-06-13
Lnapkef 90
Senate Bill No. II2s
(By Burkhalter)

Sell lnJereSb. bearing coupon O0n0S
for the exclusive purpose of de.
I. riying funds with which TO pay of
and discharge said Carroll county
propOrtionate part, same being
fifty per cent Of Tire GOSH of con.
structing and completing that part
of Federal Aid Roads Nos. IL and
3, known and designated by the
State Highway Commission, as
connecting link 10 a road of inter
state connection being from st.
Louis. Missouri, to COrinth, Mis-.
siSsippi, and the road known as the
Bristol-to- Memphis Highway. such
parts of said road lying within the
bounds of Carroll County, Tennes-
see, to an amount not to exceed
two hundred thousand 1920, 000l
dollars, to provide for the payment
of interest on said bonds, to pay
off and retire said bonds at matur-
ity, and to authorize said quar-
terly court to levy a special tax to
pay said bonds with interest. to
provide for the disbursement of
the proceeds of the sale of said
bonds and TO fix the compensation
for the County Trustee for the
collecting, and paying out of taxes
provided for in this Act, and to re-
peal all laws in conflict with this
Act.
Whereas, At the term,
1918, of the quarterly court Of
Carroll County. Tenuessee, as APP
pears of record in quarterly court
minute book on pages
the resolution was duly and legally
passed by said quarterly court, re-
citing that the Tennessee State
Highway Commission under pro-
visions of the Federal Aid Rood
Act and as directed by the United
States Secretary of Agriculture,
has submitted a federal aid desig-
mated trunk line system for Fed
eral Aid Roads in the State of
Tennessee, in which is located with
in the bounds of Carroll County,
Tennessee, Federal Aid Road
No. IL, being the connecting link
in a road of interstate connection
leading from St. Louis, Missouri,
to Corinth, Mississippi, and to the
Gulf Coast and Federal Aid Road
No. 3, being the connecting link |
through said County of Carroll,
and what is known as designated
by the State Highway Commission
of Tennessee, as the Bristol-to-
Memphis Highway, aud reciting
further the said highway commits
sion on 1918, made appro-
priation for Improvement of Fed
eral Aid Roads Nos. IL and 3,
within the borders of Carroll
County, Tennessee, conditioned
upon the financial cooperation of
said Carroll county, with the con
sGruction and Improvement of said
road, and
Whereas, In consideration of
said Carroll county being offered
financial assistance by the United
States Government and State Off
Tennessee, relative to the improve
ment and construction of said Fed
eral Aid Roads Nos. IL and 3, said
quarterly court by the aforesaid
resolution pledged to full faith
and credit of said county irrevo-
cably and guaranteed to the Ten.
hessee State Highway Department
in amount of not less than fifty (50) :
per cent of the cost of construction !
of such parts of said Federal Aid !
Roads Nos. ii and 3 within the :
bounds of said Carroll county, for :
the cooperation construction and |;
completion of said public high :
ways, according to the plans and =
specifications of the Tennessee =
State Highway Commission, as ap-
proved of the duly authorized =
agents or officers of the United y
States Government; and :
Whereas, The Tennessee State
Commission was duly I
notified of the action of said Quar- 5
terly Court of Carroll County, \
Tennessee, and has proceeded to c
commence a survey, make specii- c
cations and plans for such parts of |
said Federal Aid Roads Nos. II X
and 3 within the bounds of Car {
roll County, Tennessee, and c
Whereas, Carroll county has no t
AVAILABLE funds on hand with which a
10 meet and discharged the obliga. t
lions and contracts aforesaid for q
fifty 800 per cent of the cost of t
5he construction and completion of b
said highway, but is necessary that j
,aid county issue interest bearing 2
coupon bonds for the purpose of 9
procuring funds with which to pay j
such investment of said county as