South Carolina - Acts on Education Topics

An Act to Authorize and Require the Town Council of Rock Hill to Issue Bonds for the Purpose of Purchasing Lands and Buildings and of Erecting Buildings and Other Improvements, for Educational Purposes, Within the Rock Hill School District, and to Provide for the Interest Accruing Thereon.

December 19, 1887

Acts and Joint Resolutions of the General Assembly of South Carolina 1887, Pages 1165-1167.

Section 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting in General Assembly, and by the authority of the same, That the Town Council of Rock Hill shall have power, and are hereby authorized and required, to issue bonds of said town to the amount of seven thousand dollars, for the purpose of erecting or purchasing a school building, or buildings, and the necessary ground, improving and furnishing the same, including a teacher's residence, if deemed necessary, within the incorporate limits of said town. Said bonds to be issued in such denominations as said Town Council may deem best, and to be payable in twenty years, with interest payable annually at the rate of seven per cent. per annum, and the coupons for said interest, when due, to be receivable in payment of all taxes levied by or due to said town.

Sec. 2. That the money arising from the sale or hypothecation of said bonds shall be used exclusively for the purpose of erecting or purchasing, with the necessary grounds, within the incorporate limits of said town, a school building or buildings, and furnishing the same, improving the grounds thereof, and in erecting thereon a teacher's residence, and to these ends shall be expended under the direction and control of said Town Council and the Trustees of the Rock Hill School District on such grounds within said town as said Trustees may select: Provided, That the title to such property shall be made to the town of Rock Hill subject to tne condition, however, that the same shall be always used for educational purposes, and under the exclusive management and control of the Board of Trustees of the Rock Hill School District.

Sec. 3. That the Town Council of Rock Hill shall annually, at such time as they may fix and determine, pay the interest due on said bonds, and for this purpose the said Town Council, in addition to the power already conferred, shall be authorized and required annually to levy such taxes upon the real and personal property assessed for taxation in said town as may be deemed necessary to pay the interest of the said bonds which may become due in each and every year, until the whole of said bonds shall be paid.

Sec. 4. That this Act shall go into effect from the date of its passage, and all Acts or parts of Acts inconsistent with this Act be, and the same are hereby, repealed.

In the Senate House, the seventeenth day of December, one thousand eight hundred and eighty-seven.

William L. Mauldin, President of the Senate.
James Simons, Jr., Speaker of the House of Representatives.

Approved: December 19th, A.D. 1887.
John P. Richardson, Governor.

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