The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-04-16

u;Itll such improvements nave Decn
ordered pursuant to such ordinance
upon the written consent, signed and
filed with the City or Town Clerk, of
not less than lwo-thirds in number OF
the owners Of the property abuttlng
upon street, sidewalk, or part OF
either. proposed to be improved, and
provision made for the payment by
the corporate authorities fsaid city
CT town of not less than one-half of
the costs OF such Improvement; times
and terms Of payment and rates OF
interest on deferred payments of
assessments by such property owners
shall be such as may be prescribed by
ordinance.
Sec. II. Use of Funds-That the
amounts of money raised by such
assessments, together with the
amounts added thereto by the city or
town authorities from the city or
town treasury, shall constitute and
be kept as separate fund, to be used
only TOR the purpose for which it was
raised and appropriated.
"Sec. 8. Assessments Lien, En-
forcement and Collection-That the
assessments so laid shall constitute
and be lien upon the property so
assessed, and payment thereof may be
enforced as the payment of city or
town taxes is enforced: Provided,
Such assessments be entered IN book
kept by the City or Town Clerk, to
be entitled Assessment LIENS stating
the name of the owners, the location
of the property and the amount of the
assessment and the time or times Of
payment: And Provided, Further,
That such lien shall continue from the
date of entry on such book until the
expiration OF five years from the date
when final payment is due and pay
able, unless sooner paid. Upon de-
fault in the payment of any install
ment or deferred portion OF any
assessments, at the time and in ac-
cordance with the terms and condi-
tions fixed by ordinance, the total
amount of any such assessment then
unpaid Gncluding deferred install
ments or payments and Interestl
shall Immediately become due and
collectible as city or town taxes are
collected, and with such penalties and
as are now provided for the pay
ment of such taxes.
"Sec. ". Entry of Satisfaction
Upon Payment-That it shall by Or
dinance be made the duty of the City
or Town Clerk to make entry OF sat
isfactjon on such Assessment Liens
book as soon as full payn.-,.. is made,
and the lien shall be thereby e2tin-
guished.
"Sec. V. Sale and Pledge of Ger
tihcates of Indebtedness.-That the
City or Town Councils of said cities
and towns are authorized and empoW-
cred to issue certificates of Indebted
! ness showing the amounts of money
due to such cities or towns by prop
erty owners as deferred payments or
installments upon such assessments,
and to sell any Of such certificates of
indebtedness or to borrow money by
pledging any of them as collateral
security for the payment of such debt
or debts, and in either event of sale
or collateral pledge of such certlfi-
Gates, or any of them, to pledge the
faith and credit of such cities or
towns for the payment thereof, and
to guarantee the payment OF same for
and in the name OF such cities or
: towns.
"Sec. 6. Cities and Towns May
Require Notice of Transfer Of Prop
erty Under Lien.-That such cities
or towns, by ordinance, require the
grantor and grantee, or grantors and
grantees, of any property, or part OF
same, sold or transferred after such
assessment mas been laid thereon, and
before such assessment lien has been
extinguished, as provided herein, to
file in writing with the City or Town
Clerk, within ten (10) days after
every such sale or transfer, the name
of such grantor and grantee, or
grantors and grantees, an accurate
description of the property sold or
transferred and the date Of such sale
or transfer.
"Sec. VII. Act Effective on Ap-
proval, Provided Not Effective in Any
City or Town Until Adopted at
Election.-That this Act shall be
effective from and Immediately after
it's date Of approval by the Cover
! nor: Provided, That the provisions of
this Act shall not apply or become
operative in any city or town until
submitted to the qualified electors
&, thereof by the City or Town Council
for approval, and majority of the
qualified electors voting on the ques-
ton of it's approval vote in favor
thereof at any general municipal cleo
tion whether called and held for
that purpose only or not) when the
question of the said approval of said
Act is submitted and voted on sepa-
rately and the ballots thereon deposit.
ed in separate box properly labeled
and provided for that purpose.
''ec. VIII. inconsistent Acts Re-
pealed, Proviso, This Act Not to
Apply to Certain Cities and Towns
That all Acts or parts of Acts incon-
sistent with this Act be, and the same
are hereby, repealed: Provided, The
provisions of this Act shall not apply
to any city or Incorporated town
which has heretofore under special
constitutional amendment and act IN