South Carolina - Acts on Education Topics

An Act to Enable and Authorize the School District of the Town of Greenwood to Issue Bonds for the Purpose of Purchasing School Property and Building Public School Houses in the Town of Greenwood.

December 16, 1891

Acts and Joint Resolutions of the General Assembly of South Carolina 1891, Pages 1196-1197.

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 School district of the town of Greenwood is hereby permitted and authorized to issue eight thousand dollars of six or seven per cent, bonds for the purpose of paying for school property and building one or more public school buildings in the town of Greenwood: Provided, That a majority of the qualified voters of said School District shall be in favor of such issue, as favor of such issue, as expressed at an election held for that purpose.

Sec. 2. That the Trustees of said School District are hereby required to give three weeks notice by advertisement, and they shall appoint the managers, receive the returns, and declare the result of said election.

Sec. 3. That the said School District of the town of Greenwood is hereby declared to be a body corporate for the purpose of issuing said bonds, and when issued they shall be signed by the Chairman of the Board of Trustees, shall run for a period of twenty-five years, their coupons shall be receivable for all taxes in said School District, and they shall constitute a first lien on all property which may be paid for, purchased, or improved from their proceeds.

Sec. 4. That for the purpose of paying the interest on said bonds, and the principal, when due, it shall be the duty of the County Auditor of the County of Abbeville, or such other officer as may be charged with the assessment of taxes, to compute annually the amount necessary to be raised, and to levy the same upon all the real and personal property in said School District, and the amount so levied shall he collected by the County Treasurer of the County of Abbeville, and held by him for the purpose of paying the said interest or principal, if any be due, and shall be used for no other purpose whatever.

Sec. 5. That it may be lawful, and the Board of Trustees of said School District are hereby permitted and authorized to use any fund which may be raised in said School District by taxation in paying for or improving public school property.

Approved December 16th, A.D. 1891.

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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