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Session Laws, 1914
Volume 533, Page 741   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 741

for and set forth in the coupons attached to each of said bonds,
respectively, for the interest due and payable thereon, and
which said bonds shall have printed on them a distinct refer-
ence to this Act authorizing the issue.

SEC. 3. And be it further enacted, That all bonds issued
under the provisions of this Act shall be in one series and be
redeemable as follows: that is to say, not less than One Thou-
sand Dollars ($1,000) thereof in one year from the date of their
issue and thereafter, annually, One Thousand Dollars ($1,000),
each and every year until the whole amount of said bonds and
coupons shall have been fully paid, and to this end the said
County Commissioners shall issue the said bonds in serials re-
deemable in their proper order; and the said bonds shall be
sold after due advertisement at public or private sale, in the
discretion of the said County Commissioners, and one of said
bonds shall be sold for less than par.

SEC. 4. And be it further enacted, That the said County
Commissioners shall cause to be levied upon and collected from
the taxable property of the Fourth, Sixth and Ninth Election
Districts of said County, an additional tax annually sufficient
to pay the said bonds and interest as the said bonds and in-
terest coupons may severally mature, as provided herein, the
amount so assessed to be equally divided between the three elec-
tion districts, as aforementioned, according to the mileage of
said road or roads, within each district, and in computing the
road mileage of any part of the said road constituting a boun-
dary line between two districts, each district shall be charged
with one-half of the mileage constituting such boundary line;
and the special tax or levy shall be a lien upon the taxable prop-
erty of each of the said election districts in which it is levied,
and the said tax shall be collected in like manner as other taxes
levied in said County are collected, and when collected shall
be applied as hereinbefore provided, to the payment of the said
bonds as they severally mature and the interest thereon semi-
annually, which said bonds and coupons when issued shall be
non contestable for any cause whatsoever as other said bonds
and coupons so issued when redeemed, whether before or at
maturity, shall be cancelled and it shall be the duty of the
County Commissioners to immediately cancel the same.

SEC. 5. And be it further enacted, That the said County
Commissioners be and they are hereby authorized, empowered
and directed to apply the proceeds of this bond issue of Fifteen
Thousand Dollars as aforesaid or the proceeds of the sale of

 

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Session Laws, 1914
Volume 533, Page 741   View pdf image (33K)
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