South Carolina - Acts on Education Topics

An Act to Enable and Authorize School District No. 1 of Court House Township in Chester County to Issue Bonds for the Purpose of Building a Public School House, and to Provide for Additional Trustees Thereof

December 23, 1889

Acts and Joint Resolutions of the General Assembly of South Carolina 1889, Pages 481-483.

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 School District No. 1 of Court House Township in the County of Chester is hereby permitted and authorized to issue six per cent coupon bonds to amount of ten thousand dollars for the purpose of purchasing ground and of building, furnishing and equipping a public school building thereon, to be located in said school district: Provided, That a majority of the qualified electors of said school district voting shall be in favor of such issue as may be expressed at an election hereafter to be held for that purpose.

Sec. 2. That the Trustees of said school district are hereby required to give three weeks' previous notice in one or more of newspapers of said school district of the time and place of such election, appoint the managers, prescribe the form of ballots, receive the returns and declare the result.

Sec. 3. That said school district is hereby declared a body corporate for the purpose of executing and issuing said bonds and other powers herein given, in case their issue be authorized by said election. The said bonds shall be in denomination of five hundred dollars, shall be signed by the Chairman of the Board of Trustees and countersigned by its clerk, and shall run for a period of thirty years. Their coupons shall be receivable in payment for any taxes in said school district, and said bonds shall constitute a lien upon all the property which may be bought and improved from proceeds of sale thereof. The said bonds shall be divided into three classes, designated as Class "A," Class "B" and Class "C." Class A shall amount to $3,000, and shall be redeemable at the option of the Board of Trustees after the expiration of fifteen years from date. Class B $3,000, and redeemable as aforesaid after the expiration of twenty years from date, and Class C of $4,000, and redeemable as aforesaid after the expiration of twenty-five years from date.

Sec. 4. That for the purpose of paying the interest accruing on said bonds and such part of the principal of redeemable bonds not exceeding one-fifth part thereof in any one year, the Auditor of Chester County, under written direction or warrant from the said Board of Trustees, shall levy annually such a tax on all the taxable real and personal property in said school district as will raise a sum sufficient for said purposes, and the amount so levied shall be collected by the Treasurer of Chester County as State and County taxes are collected, to be held and applied by him solely to the payment of the interest, or of interest and part of the principal, of said bonds, (as the case may be,) upon a written warrant drawn on him for that purpose by the said Board of Trustees.

Sec. 5. The Board of Trustees shall sell all of said bonds at public auction, after fifteen days' public advertisement thereof in the newspapers of Chester, at which auction no bid less than par shall be received, and shall deposit all money coming to them by said sale at the National Bank of Chester to the credit of said Board, to be drawn in checks signed by a majority of said Board, and they shall account for the money so received and the expenditure thereof to a meeting or meetings of the taxpayers of said school district, called in accordance with the provisions of the Act of 1879 entitled "An Act to provide for the establishment of a new township and school district in Chester County, and to authorize the levy and collection of a local tax therein."

Sec. 6. The Board of Trustees of said school district shall hereafter consist of seven members, three of whom shall be appointed by the County Board of Examiners, and three by the Town Council of Chester, and the six so appointed shall elect the seventh member. One-third of the members first appointed by the Board of Examiners and by the Town Council, respectively, shall hold office for two years, and one other third for four years, and the remainder and all succeeding appointees shall hold for six years. The member elected by the six shall hold office for two years and till his successor is elected and qualified.

Sec. 7. This Act shall go into effect upon its approval.

Approved December 23d, A.D. 1889.

John P. Richardson, Governor.
William L. Mauldin, President of the Senate and Lt. Governor.
James Simons, Jr., Speaker of the House of Representatives.

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