Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1922-02-28
AN oRpINANCE

Y iDeclaring the Result OF an Election IA
Deterinine Whether the Town of
Fort Mill. South Carolina, should
Issue Coupon Bonds In the sum
Of Four Th0usand Dollars for the
Purpose OF PAyine Outstanding In
/debtedness o. the Said Town. IN
curted fore EAtensaons ana Addi-
tiohs e. the wstsrworks system OF
Said Town. Authorizing the Issue
of Said Bonds. and Providing Tor
the Payment Of the Interest and
Principal Thereof y
Where's a petition was filed by
more than majority OF the free
holders OF the Town of Fort Mill to
submit to the qualified voters thereon
the question of issuing bonds of the
said Town In the sum OF Four Thou
snnd Dollars, for the purpose OF pay
ling off outstanding Indebtedness Of
said town. incurred foe extensions
and additions to the waterworks
system. and
Whereas said election was duly
| called and was thereafter held on
| the Sth day Of June, 1921. and at said
election more than a majority Of the
| qualified electors OF said town, voting
at said election, upon the question of
issuing OF said bonds. voted in favor
| thereof.
Now. therefore. BE 1T ORDAINED
by the Mayor and Aldermen of the
Town OF Fort Mill. In Council assem-
bled and by authority of the same:
Section l. That the aforesaid cleo
ton Is hereby declared to have re-
suited in favor of the issuance OF
bonds of the said town of Fort Mill.
in the sum of Four Thousand Dollars.
| Tor the purpose OF paying off OUT
standing Indebtedness. incurred for
| extensions and additions to the wa
terworks system of said town.
Sec. 2. That there shall. be issued
! negotiable coupon bonds Of the Town
| OF Fort Mill in the amount of Four
Thousand Dollars consisting of four
bonds of One Thousand Dollars Each,
and numbered one to four inclusive
Said bonds shall be dated July l. 1921.
and shall bear interest at the rate of
SIX per cent per annum, payable
semi-annually on the first days of
january and July of each year: said
bonds and interest shall be payable in
any legal currency OF the United
States and shall mature 20 years af-
ter the date thereof. The form Of
said bonds and coupons shall be sub
stantially as follows:
UNITED STATES OF AMERICA
STATE OF SOUTH CAROLINA
| COUNTY OF YORK
TOWN OF FORT MILL
WATERWORKS BOND
Know All Men by These Presents:
That the Town of Fort Mill, in the
County OF York and State of South
Carolina, is justly indebted to and
promises to pay to bearer on the lst
day Of July. l94l, the principal sum
OF
| ONE THOUSAND DOLLARS
with interest thereon. at the rate of
six per cent per annum, payable
semi-annually until fully paid on the
lst days Of January and July of each
year. upon the presentation and sur
render OF the attached interest cou-
pons as they severally become due.
Both principal and interest of this
| bond are payable at the Hanover
National Bank, OF New York City.
state OF New York. For the prompt
payment hereof. both principal and
interests as the same shall become
due, the full faith. credit and resour-
ces OF the Town OF Fort Mill are
hereby irrevocably pledged. This
BOND is one of an issue of four bonds
of like date. aggregating Four Thou
sand Dollars. numbered one to four.
which bonds are issued for the pur-
pose of paying off outstanding in
debtedness Of said Town of Fort Mill,
incurred for extensions and additions
to the waterworks system. under the
authority of and I'm full compliance
| with the provisions of Sections 1850
| and 305l, Code OF Laws of South
| Carolina. 1912, Vol. /. and pursuant
to vote of n majority Of the qualified
| electors Of said Town. voting upon