South Carolina - Acts on Education Topics

An Act to Amend an Act Entitled "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 to Exceed Ten Thousand Dollars, for the Purpose of Erecting School Buildings in Said District," Approved December 2th, A.D. 1890, by Striking Out Section 9 Thereof and Substituting Another Section as Section 9.

December 24, 1892

Acts and Joint Resolutions of the General Assembly of South Carolina 1892, Pages 250-251.
Click Here to view the original Act of December 24, 1883.
Click Here to view the earlier amended Act of December 24, 1890.

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 Section 9 of an Act entitled "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 to exceed ten thousand dollars, for the purpose of erecting school buildings in said school district," approved December 24th, A. D. 1890, be, and the said Section 9 is hereby, stricken out of said Act and the following substituted as Section 9 thereof:

"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 School Commissioners or School Board of said school district, being the corporate authorities thereof at the time the town taxes are assessed, shall assess and levy an annual tax of one mill on all the real and personal property returned in said school district, and the Town Treasurer, who is hereby constituted a member and part of the said corporation for that purpose, 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 upon warrants drawn by said School Commissioners, and the said Treasurer shall be liable to all penalties as hereinbefore provided."

Approved: December 24th, A.D. 1892.

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

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