South Carolina - Acts on Education Topics

An Act to Authorize the City of Aiken, Through its City Council, to Issue Bonds for the Purpose of Erecting School Buildings for Educational Purposes in Said City, and to Provide for the Government of Said School.

December 24, 1890

Acts and Joint Resolutions of the General Assembly of South Carolina 1890, Pages 793-794.

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 City of Aiken, through its City Council, under the hand of its Mayor and Treasurer and its corporate seal, shall have the power, and they are hereby authorized and required, to issue bonds of said City of Aiken to the amount of eight thousand ($8,000) dollars for the purpose of erecting a suitable school building and a teacher's residence, or residences, if deemed necessary, upon the lot in the City of Aiken known as "the Academy lot," which is held by a school corporation known as the Aiken Institute, and dedicated to be used for school purposes alone; said building or buildings, when erected, to be for a school for white children alone; said bonds to be issued in such denominations and to be made payable at such time or times within twenty years as such City Council may deem best, 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 city.

Sec. 2. That the money arising from the sale or hypothecation of said bonds shall be used exclusively for the purpose of erecting said school building and residence or residences, and furnishing said school building, and to these ends shall be expended by the Trustees of the School District of the City of Aiken and the Board of Directors of the Aiken Institute and such joint Board as are authorized and empowered to disburse said fund for said purposes and to control and manage said school under such rules as they may establish: Provided, however, They must keep the school open and free during the free school period to all pupils within the free school age during the free school period within the limits of the School District of the City of Aiken.

Sec. 3. That the said City of Aiken, through its City Council, shall annually, at such time as they may fix and determine, pay the interest on said bonds, and for this purpose and the purpose of paying the principal of the bonds they shall have the power, and are hereby authorized and required, annually, to levy such taxes upon the real and personal property assessed for taxation in said city as may be deemed necessary to pay the interest and principal of said bonds as it becomes due during each and every year until the whole of said bonds shall be paid.

Sec. 4. That the property upon which said buildings are erected, and said buildings and their outfit, shall be free from all taxes.

Sec. 5. That this Act shall take effect immediately upon its passage.

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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