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Session Laws, 1906 Session
Volume 479, Page 161   View pdf image (33K)
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EDWIN WARFIELD, ESQ., GOVERNOR.

161

interest, by the County Commissioners of Dorchester county
aforesaid, as follows: The first series one year after date ;
the second series two years after date; the third series three
years after date; the fourth series four years after date; the
fifth series five years after date; and said bonds shall be
advertised and 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 the maturity and for the purpose of

CHAP. 122

securing the payment thereof, the County Commissioners of
Dorchester county shall levy, in each and every year, begin-
ning with the year 1906, upon the taxable property of
Dorchester county, such sum 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 pur-
chase of any or 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

Tax to be
levied.

be paid to the school treasurer of said county, who shall
keep in a book for that purpose a registry of the bonds, and
the names of the purchasers and the amounts realized; and
the said funds so realized from the sale of said bonds shall
be applied to the purposes 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 especially authorized by said committee, with said
warrants numbered consecutively; and the said treasurer is
hereby authorized and directed to pay the contractor or con-
tractors employed by said building committee in accordance
Avith the terms of their said contract, upon the warrant of
said building committee, such sum or sums of money as shall
be certified in such warrants that sucb 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 plans and specifications of the work proposed to
be done, the salary or commission of the supervising archi-
tect, and such other expenses as said building committee may
6

Proceeds to be
paid to
school treas-
urer, etc.



 
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Session Laws, 1906 Session
Volume 479, Page 161   View pdf image (33K)
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