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Session Laws, 1912
Volume 370, Page 215   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 215

sold to the highest bidder or bidders for cash by the school
commissioners.

SEC. 6. And be it enacted, That for the purpose of redeem-
ing said bonds at maturity and for the purpose of securing the
payment thereof, the County Commissioners of Dorchester
County shall levy in each and every year, beginning with the
year 1912, upon the taxable property of Dorchester county,
such sums as shall be required for the payment of the principal
and interest of said bonds, until all of the bonds are redeemed
and paid, and upon the purchase of any of such bonds or the
redemption of the same at maturity, they shall be immediately
cancelled, or destroyed under the direction of the said County
Commissioners and in their presence and 'when so destroyed a
record of the destruction of the same shall be made and extended
upon the records of the office.

SEC. 7. And be it enacted, That the money arising from the
sale of said bonds as provided in section 5 of this act, shall bo
paid to the school treasurer of said county, who shall keep in a
book for that purpose a registry of the bonds, and the name of
the purchasers and the amounts realized; and the said funds so
realized for the sale of said bonds shall be applied to the pur-
poses set forth in this act, and to no other purpose, and shall be
paid by the school treasurer upon the order of the said building
committee, from a warrant book specially authorized by said
committee, with said warrants numbered consecutively, and the
said treasurer is hereby authorized and directed to pay the con-
tractor or contractors employed by said building committee in
accordance with the terms of said contract, upon the warrant
of said building committee, with such sum or sums of money as
shall be certified in such warrants that such contractor or con-
tractors are entitled to in the performance of the contract, and
shall pay upon the warrant of said building committee the cost
of the plans and specifications of the work proposed to be done,
the salary or commission of the supervising architect, and such
other expenses as said building committee may properly have
incurred in the discharge of its duty, and no part of said pro-
ceeds of sale of said bonds shall be paid out by said school treas-
urer except on the warrant of said building committee.

SEC. 8. And be it further enacted, That this act shall take
effect from the date of its passage.

Approved April 4, 1912.

 

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Session Laws, 1912
Volume 370, Page 215   View pdf image
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