South Carolina - Acts on Education Topics

An Act to Authorize and Require the Town Council of Rock Hill to Issue Bonds for the Purpose of Purchasing Land and Erecting Houses for School Purposes Within the Town of Rock Hill and Properly Furnishing the Same, and to Provide for the Interest Accruing Thereon.

December 24, 1890

Acts and Joint Resolutions of the General Assembly of South Carolina 1890, Pages 993-995.

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 Rock Hill shall have power, and are hereby authorized and required, upon the petition of a majority of freehold voters of said town, to issue bonds of said town to the amount of not less than three nor exceeding seven thousand dollars for the purpose of purchasing land and erecting houses for school purposes within the Town of Rock Hill and properly furnishing the same within the corporate limits of said town, said bonds to be issued in such denomination as said Town Council may deem best and to be payable within twenty years, with interest at the rate of six per centum per annum, payable annually; and the coupons for said interest, when due, to be receivable in pavment of all taxes levied by or due to said town: Provided, That a majority of the votes cast by the qualified voters of said town, in an election to be held for the purpose, shall be in favor of such issue of bonds.

Sec. 2. That the Town Council of the Town of Rock Hill are hereby required to hold an election on the question of said issue of bonds prior to the first day of October, 1891, after two weeks' notice in one or more newspapers, and the Town Council shall appoint the Managers, receive the returns and declare the result.

Sec. 3. That the money arising from the sale or hypothecation of said bonds shall be used exclusively for the purposes set forth in Section 1 of this Act, and to these ends shall be expended under the direction and control of the said Town Council and the Trustees of the Rock Hill School District on such grounds within said town as said Trustees may select: Provided, That the title to such property shall be made to the Town of Rock Hill, subject to the condition, however, that the same shall always be used for educational purposes, and under the exclusive management and control of the Board of Trustees of the Rock Hill School District.

Sec. 4. That the Town Council of Rock Hill shall annually, at such time as they may fix and determine, pay the interest due on said bonds; and for this purpose the said Town Council, in addition to the power already conferred, shall be authorized and required annually to levy such taxes upon the real and personal property assessed for taxation in said town as may be deemed necessary to pay the interest of the said bonds which may become due in each and every year, until the whole of said bonds shall be paid.

Sec. 5. That this Act shall go into effect from the date of its passage, and that all Acts or parts of Acts inconsistent with this Act be, and the same are hereby, repealed.

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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