South Carolina - Acts on Education Topics

An Act to Authorize the Newberry School District to Issue Additional Bonds for the Use of Said District.

December 23, 1890

Acts and Joint Resolutions of the General Assembly of South Carolina 1890, Pages 956-957.

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 Board of Trustees of the Newberry School District are hereby empowered to submit to the qualified voters resident in said School District, at an election to be held for that purpose after at least twenty days' notice, the question of authorizing an additional issue of bonds not exceeding the amount of five thousand dollars, bearing six per cent. interest and payable in twenty years from the fifteenth day of November, 1890, and the levy of an additional tax of four-tenths of a mill on the taxable property in said School District, to be collected by the County Treasurer of Newberry County, to pay the interest on said bonds. The said Board of Trustees is hereby empowered to appoint three Managers to conduct said election, to declare the result of the same, and is authorized to execute, sell and deliver the said bonds in the event the majority of the persons voting at said election shall be in favor of the same.

Sec. 2. The annual interest on said bonds shall be paid by the County Treasurer out of said special tax, and any surplus remaining after the payment of said interest shall be applied, under the direction of said Board of Trustees, to the redemption of the bonds of said School District.

Sec. 3. The proceeds realized from said bonds shall be used by the said Board of Trustees for the purposes of said School District as fixed and determined by the Act creating said School District, entitled "An Act to establish the Newberry School District, to authorize the establishment of free graded schools therein, and to provide the means for the efficient management of the same," approved December 23d, 1889.

Approved December 23d, A.D. 1890.

Benjamin R. Tillman, Governor.
Eugene B. Gary, President of the Senate and Lt. Governor.
Ira B. Jones, Speaker of the House of Representatives.

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