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Session Laws, 1920
Volume 539, Page 1255   View pdf image (33K)
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ALBERT C. RITCIHE, GOVERNOR 1255

permanently improving old public school buildings a sum not
exceeding the sum of three hundred thousand dollars ($300,-
000.00) and of said sum so borrowed to expend for the pur-
pose of constructing and permanently improving the public
roads of said county a sum not exceeding the sum of three
hundred thousand dollars ($300.000.00).

SEC. 3. And be it further enacted, That the said bonds shall
bear date the first day of July, 1921, and shall be listed and
sold in series beginning with Series A, and subsequent series
shall each be initialed with following consecutive letters of
the alphabet, and the bonds of each series shall be numbered
consecutively, beginning with the number one (1) ; and the
said County Commissioners shall from time to time within
five years from the first day of July, 1921, issue, offer for sale
and sell in the manner hereinafter provided a series of said
bonds for such an amount as may be necessary at such time
or times for the erection of and equipping of new school build-
ings and the enlarging and equipping or permanent improve-
ment of old public school buildings, designated, as hereinafter
provided, by the said Board of Education and the said Board
of County Commissioners, and for the construction or per-
manent improvement by said Board of County Commissioners
of public roads in said county, designated for construction or
improvement by said Board of County Commissioners; and
each of said series of bonds shall be issued and sold as of the
first day of July or the first day of January in any year within
five years from the first day of July, 1921: and said bonds
shall bear attached thereto coupons as hereinbefore provided
for the said semi-annual payments of interest accruing after
the date of the selling of said bonds; and any of said bonds
remaining unsold on the first day of July, 1926, shall be can-
celled by said Board of County Commissioners and not offered
for sale or sold; and each of said series of bonds shall mature
and be redeemable at such time, not less than five years from
the date of the selling of said series, and under such condi-
tions as shall be determined by resolution by the said Board
of County Commissioners; provided that said time for the
maturity and redemption of each of said series shall be fixed
and publicly announced by said Board of County Commis-
sioners before the advertising and offer for sale of said re-
spective series; and provided that all of said bonds shall


 

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Session Laws, 1920
Volume 539, Page 1255   View pdf image (33K)
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