South Carolina - Acts on Education Topics

An Act to Authorize the Town Council of Williston to Issue Bonds for the Purpose of Constructing a Public School Building in Said Town, and to Provide for the Payment of the Principle and Interest on the Same.

December 24, 1889

Acts and Joint Resolutions of the General Assembly of South Carolina 1889, Pages 461-462.

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 Williston shall have power, and are hereby authorized, to issue bonds of said town, on or before the first day of March, A. D. 1890, to the amount of three thousand dollars, for the purpose of erecting a public school building, such bonds to be issued in such denominations as said Town Council shall deem best, and to be made payable ten years after date of same, with interest, payable semi-annually, at the rate of not exceeding eight per centum per centum: Provided, That the question of issuing said bonds shall be first submitted to the qualified voters of said town at an election to be ordered by the Town Council for that purpose, notice of which election shall be published for at least two weeks prior to said election in one or more of the newspapers published in the County of Barnwell: Provided, further, That a majority of said voters shall vote in favor of the issue of such bonds.

Sec. 2. That said bonds shall not be sold for less than their par value, and when so sold the proceeds shall be held and used exclusively for the purposes stated in Section 1 of this Act, and shall be expended under the direction and control of the Town Council.

Sec. 3. That the said Town Council shall, semi-annually, at such times and places as they shall fix and determine, pay the interest due on said bonds; and for that purpose, and to create a sinking fund for the final redemption of said bonds, one-half of all sums received for licenses shall be set apart and used exclusively for that purpose.

Sec. 4. That all Acts and parts of Acts inconsistent with this Act be, and the same are hereby, repealed.

Approved December 24th, 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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