South Carolina - Acts on Education Topics

An Act to Amend an Act Entitled "An Act to Provide for the Establishment of a New School District in the County of Darlington and to Authorize the Levy and Collection of a Local Tax Therein," Approved December 24th, A.D. 1883, by Adding Two Sections Thereto, to be Designated as 9 and 10, Empowering the School Commissioners to Borrow Money, not Exceeding Ten Thousand Dollars, for the Purpose of Erecting School Buildings in Said School District.

December 24, 1890

Acts and Joint Resolutions of the General Assembly of South Carolina 1890, Pages 854-855.
Click Here to view the original Act of December 24, 1883.

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 an Act entitled "An Act to provide for the establishment of a new School District in the County of Darlington and to authorize the levy and collection of a local tax therein," approved December 24th, A. D. 1883, be, and the said Act is hereby, amended by adding the following two Sections thereto, to be designated as Section 9 and Section 10, respectively:

"Section 9. That the said School District of the Town of Florence is hereby authorized and empowered to borrow a sum not exceeding ten thousand dollars, for the purpose of erecting a school building, or school buildings, within its limits, by issuing from time to time the bonds of the corporation, bearing interest at a rate not to exceed seven per centum per annum, payable semi-annually, and for the payment of the interest and the ultimate redemption of the principal, according to the terms of the loan, the said corporation shall at all times be liable. And to provide for the payment of the interest on said bonds and to create a sinking fund for their ultimate redemption, the said Town Clerk at the time of assessing the town taxes shall assess an annual tax of one mill on all the real and personal property returned in said School District, and the Town Treasurer shall collect said tax at the time and in the manner provided for collecting the town taxes. The proceeds arising from this tax shall be kept separate for the sole purpose above named, and be paid out by the Town Treasurer in warrants drawn by said School Commissioners, and the said Treasurer shall be liable to all penalties as hereinbefore provided."

"Section 10. That in order further to give currency to said bonds and secure their payment, the said School District is hereby authorized and empowered to mortgage its property, both real and personal, such mortgage or mortgages to be duly executed by the proper officers of the said School District."

Approved December 24th, 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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