South Carolina - Acts on Education Topics

An Act to Authorize the Issue of Bonds by School District Number One of Kershaw County.

December 24, 1892

Acts and Joint Resolutions of the General Assembly of South Carolina 1892, Pages 294-295.

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 School District Number One (1) of the County of Kershaw is hereby permitted and authorized to issue ten thousand dollars ($10,000,00) of bonds, or a less amount, for the purpose of erecting and furnishing suitable school buildings in said School District, said bonds to bear interest at a rate not exceeding seven per centum (7%) per annum: Provided, That a majority of the qualified voters of said school district shall be in 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, upon the united request of twenty (20) freeholders within said school district, to order an election on the question of issuing said bonds, and to give three weeks' notice of such an election, and they shall appoint the managers, receive the returns and declare the result of such election.

Sec. 3. That said school district is hereby declared to be a body politic and corporate for the purpose of issuing said bonds, which, when issued, shall be signed by the Chairman of the Board of Trustees for said school district, shall run for a period of ten years, the coupons thereof to be receivable for all taxes in said school district, and they shall constitute a first lien on all property which may be improved from their proceeds, and shall be non-taxable for State and County purposes in the hands of their holders.

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 Kershaw County, or such other officer as may be charged with the assessment of taxes, to compute annually the amount necessary to be raised, and levy the same on all the real and personal property in said school district, and the amount so levied shall be collected by the County Treasurer of the County of Kershaw, 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 whatsoever.

Sec. 5. That this Act shall take effect on the day of its approval, and that all Acts and parts of Acts inconsistent therewith 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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