The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-04-30

cable at rate OF interest OF not Tess
than four per cent. per annum from
the date Of deposit until the funds
are withdrawn from time to time by
the highway commission as needed "
chem in the performance Of th"r
duties under this Act. Payments out
Of said fund shall b, mad" oy the
county treasurer upon the warrant OF
the chairman of the commlsSion,
countersigned by the clerk, when
authorized by said commission. Should
arv bank or banks in said county de-
cline to receive such deposit at Said
rate Of interest the pro rata snare
of DEPOSITS due 10 such bank or uanhS
so declining or refusing to accept
same shall be deposited by sald con-
mission among other banks OF the
county. Such funds shall be with
drawn from such banks as they are
deDosited with an impartial manner
and proportionately to the amount
held in deposit by the various banks
in so far as practicable.
Sec. :. 1t shall be the duty of the
commission to use the proceeds
arising from the sale of said bonds
for the purpose of constructing ana
improving permanent or lmroved
highways and bridges in Newberry
county, such highways to be lald out
and constructed or improved along
such routes and of such materials,
in such order and in such manner as
the said commission shall deem most
advisable and best for the interest
of the county. In the location OF
the said highways the said commits
sion sh..ll have the right to use any
of the public highways of the said
county now in use, or to lay out new
roads or relocate old roads, as they
NAV deem best. They shall have the
same power and authority to con-
denim lands for the location of new
roads or to relocate the old roads as
is now vested by law in Boards OF
County Commissioners, the said pow
er to be exercised in the same man
ner and under the same regulations
as are prescribed by law for the ex-
ercise of the same by boards OF coun-
ty commissioners.
Sec. 8. The said commission shall,
! in the selection of the roads or high
ways to be improved, and in the To-
cation of new roads, have regard, so
far as may be practicable, for the es-
tablished routes of travel and the de-
mands of the population in the vari-
Gus parts of the county.
Sec. 9. The said commission shall
employ a competent and efficient
road building engineer and such
assistants. and at such compensation,
as they may deem proper, the neces-
sary expenses of such engineer and
assistants, as we'll as their compensa-
ton, to be paid out of the proceeds
of the sale of said bonds.
, Sec. 10. The interest accruing on
the funds arising from the sale of
said bonds while deposited in the
banks of Newberry county as here
inabove provided, shall be by the
treasurer of said county applied to
the payment of the first years in
terest payment on said bonds, so far
as it shall go, and any balance which
may accumulate thereafter on such
account shall be added to the princi-
pal of the said sum to be expended
by the said commission as herein
above provided.
Sec. II. The expense of conduct
ing the election on the issue of said
bonds shall be paid out OF the current
funds Of Newberry county.
Sec. y. No member of the SAID
commission shall take contract or
furnish labor or material for the pub
lie improvements authorized under
this Act.
Sec. 13. The said commission
shall, so far as practicable, let out
all work upon contracts, and all con-
tracts let shall be to the lowest
responsible bidder, after due adver-
tisement of the letting of any con-
tract. The work shall proceed so lar
as practicable simultaneously in diff
ferent portions of the county, so that
all portions of the county may enjoy
the benefits of the same as soon as
possible. =,
Sec. IA. The members of the said
COMMISSION Shall SiiCC1 l1iIO poiA1 "AoAA
sureties as provided by law in the sum
of two thousand dollars each, condl-
toned upon the faithful performance
Of their duties under this Act, the
premiums on such bonds to be paid
out of the funds raised by the sale OF
bonds under this Act.
Sec. Is. The said commission
shall keep books, setting forth all
contracts made by it for the con-
struction or repair of highways or
bridges under this Act, which book
shall be open for public inspection,
at all reasonable times. They shall
also present annually to the circuit
court of Newberry county an item
lied statement of all funds received
and disbursed by them under this
Act. which report shall be part Of
the records of said court.
Sec. Is. All Acts and parts OF
Acts inconsistent with this Act are
hereby repealed.
Sec. II. This Act shall go into
effect Immediately upon it's passage