Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-07-28

properly protected by bond, or else
invest the same IN bonds of the
State Of Georgia or unmatured
bonds of the Mayor and City Coun-
Gil of Americas;
(c) To make frequent, and at
least quarterly, examinations of
the books, records and accounts of
the Clerk and Treasurer and as
certain whether or not said Com
mission is receiving, as and when
the same are collected, all sums
due said Commission as herein
provided for; and in the event said
Commission should at any time find
that the Clerk and Treasurer has
failed, neglected or refused to pay
over to said Commission all or
any sum or sums collected by him
from the assessment and levy of
a tax for the payment of tie prin-
cipal and interest of said bonded
Indebtedness, said Commission shall
Immediately institute action in the
proper court against the Clerk and
Treasurer and his bondsman for
the recovery of the amount said
Clerk and Treasurer has so failed,
neglected or refused to pay over
to said Commission.
The members Of said Bond Com
mission shall be named and APP
pointed by the Mayor and City
Council of Americas; in appoint
ing the first members of said Com
mission Mayor and City Council
shall designate l member to serve
for term of / year, 1 member to
serve for a term of two years, and
the third member to serve for
term of three years, and all mem
bers of said Commission thereafter
appointed, except to fill vacancies,
shall be for a term of three years
and in case of a vacancy on said
Commission, by reason of death,
resignation or for other cause, ap-
pointment shall be made for the re-
mainder of the unexpired term
Before entering upon the duties of
his office each member of said
Commission shall make oath in
writing, to be filed with the Clerk
and Treasurer, to truly and faith
fully perform his powers and
duties as a member Of said Com
mission, and shall file with the
Clerk and Treasurer a good and SOL
vent bond in the sum of five thou
sand dollars, payable to the May
or and City Council of Americas,
and conditioned to truly and faith
fully perform his powers and duties
as a member of said Commission
and to account for all funds coming
into his hands as a member of said
Commission; the premium, if any,
on which bond shall be paid by the
Mayor and City Council of Ameri,
Gus. 3.
That when appointing the mem
bers ofN said Commission, which
shall be done by ordinance, the
Mayor and City Council shall pre-
scribe what compensation, If any,
shall be paid to each member Of
said Commission and which shall
be paid by the Mayor aud City
Council of Americas. And the
Mayor and City Council sna.l
cause the books, records and ac-
counts of said Commission TO wv
thoroughly examined and audited
at Least once each year.
(2) A Debt Commission, which
shall consist of thre persons, resi-
dent sof the City of Americas,
none of whom shall be an Official
employee or creditor of the Mayor
and City Council of Americas, and
each of whom shall be an exper-
ienced and trustworthy business
man or woman, the powers and
duties of said Debt Commission to
be as follows:
(a) To receive from the Clerk
and Treasurer, as and when the
same are collected, all funds de-
rived and collected from the assess
ment and levy by the Mayor and
City Council of Americas of a tax
for the payment OF the present
existing Indebtedness Commonly
called floating indebtedness) Of the
Mayor and City Council of Amer
icus mot including bonded indebt-
edness);
(b) To safely keep and protect