South Carolina - Acts on Education Topics

An Act to Provide for the Issue and Redemption of Bonds to Build a School House for Colored Pupils by the Florence School District.

December 24, 1892

Acts and Joint Resolutions of the General Assembly of South Carolina 1892, Pages 251-252.

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 Florence be, and is hereby, authorized and empowered to issue bonds to the amount of five thousand dollars, or such amount thereof as may be necessary, for the purpose of erecting a school building in said school district for the accommodation of the colored pupils of said school district.

Sec. 2. That said bonds shall bear interest at a rate not to exceed seven per cent, per annum, payable semi-annually. That said bonds shall run for a period not to exceed twenty years, and so much less than twenty years as the Board of School Commissioners of said school district shall determine.

Sec. 3. That to provide for a sinking fund for said bonds and for the interest on said bonds, the said Board of School Commissioners of said school district shall annually assess and levy a tax of one mill upon all real and personal property in said school district, and the Treasurer of the city of Florence shall collect said tax at the time and in the manner provided for collecting the city taxes, and for this purpose shall be a part of the body corporate of said school district.

Sec. 4. That before the issue of the aforesaid bonds there shall be held an election of the citizens of the school district of the town of Florence, and unless the question of the issue of the said bonds shall receive a majority of all the votes cast this Act shall be inoperative.

Sec. 5. All Acts and parts of Acts inconsistent with this Act be, and are hereby, repealed.

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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