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Session Laws, 1882 Special Session
Volume 418, Page 505   View pdf image (33K)
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WM. T. HAMILTON, ESQUIRE, GOVERNOR.

505

building to use such of the materials of the present

 

jail of said county as they may deem suitable.

 

SEC. 2. And be it further enacted, That should

 

the said county commissioners determine that the

 

Public convenience requires that such new jail should

 

e erected upon any other or different lot than the

Authorized to

one upon which the present jail for said county

purchase new
ground.

stands, then the said county commissioners are

 

hereby authorized and empowered to purchase such

 

ground or grounds as may be required for the erec-

 

tion of such jail.

 

SEC. 3. And be it enacted, That for the purpose

 

of defraying the expenses of the erection of said

 

building, and the purchase of said grounds, the

 

said county commissioners are authorized and em-

Borrow money

powered to borrow from time to time the required sum

 

of money, not exceeding in the whole the sum of

 

twelve thousand dollars.

 

SEC. 4. And, be it enacted, That said county com-

 

missioners be and they are hereby authorized and

 

empowered to issue bonds in sums of not less than

Issue bonds.

one hundred dollars nor more than one thousand

 

dollars, to be signed by the president of said board

 

of county commissioners and countersigned by the

 

clerk of said board, not exceeding twelve thousand

 

dollars, said bonds to bear interest, payable semi-

Interest— how

annually on the first day of Januaiy and on the

payable.

first day of July; provided due notice shall be

 

given in the papers of the county inviting proposals

 

for the purchase of said bonds; and the same shall

 

be disposed of to the highest cash bidder, and for

 

not less than the par value thereof; and the said

 

bonds shall be exempt from county and municipal

 

taxation; and provided further, that in lieu of a

 

sale of said bonds as above provided, the county

 

commissioners may invest the amount standing to

 

the credit of the sinking fund authorized by chapter

Invest in sink-

three hundred and seventy of the acts passed at the

ing fund.

January session, eighteen hundred and seventy-

 

eight, in said new bonds, and hold said new bonds

 

in lieu of said sinking fund; but said bonds may

 

be sold when the final extinguishment of the debt

 

said sinking fund is intended to secure renders it

 

necessary, or when, in the opinion of said commis-

 

sioners, the public interest requires the sale thereof.

 


 
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Session Laws, 1882 Special Session
Volume 418, Page 505   View pdf image (33K)
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