gcls_citycode_1898_ 0030

26
LAWS AFFECTING THE CITY OF GREENVILLE.

falling due in 1895, upon bonds issued in aid of the
Atlanta and Richmond Air Line Railway Company.

SEC. 1. That for the purpose of refunding the indebt-
edness of the City of Greenville upon the bonds issued
in aid of the Atlanta and Richmond Air Line Railway
Company, which bonds fall due in 1895, the said City
Council of the City of Greenville be, and they are hereby,
authorized and empowered to issue coupon bonds to the
amount not exceeding eight thousand five hundred dol-
lars, said bonds to bear interest at rate not exceeding
six per cent, per annum, payable semi-annually, on the
first days of January and July of each year, and to be
made payable in twenty years from July 1st, 1895.

(Act of 1894, page 1125.)

SEC. 2. That in order to pay the prinicpal and interest
on said bonds when they mature, the City Council of
Greenville authorized and required to levy and col-
lect taxes to pay same, said taxes to be levied and col-
lected as other taxes are levied and collected.

(Amendment of Act 1896.)

AN ACT to authorize the City Council of Greenville to
issue bonds for the purpose of purchasing, erecting,
improving, repairing and furnishing school buildings
for the free public schools of the City of Greenville,
and to provide for the interest accruing thereon.

SEC. 1. That the City Council of the City of Green-
ville shall have power, and are hereby authorized and
required, to issue bonds of said city on or before the first
day of February 1891, to the amount of seven thousand
dollars, for the purpose of purchasing one school house
site, with or without buildings, erecting new ones, furn-
ishing same and improving school house grounds for the
free public schools of the City of Greenville; said bonds
to be issued in such denomination as said City Council
may deem best, and to be payable twenty years from the
date of said bonds, with interest, payable semi-annually,
at the rate of not more than six per cent, per annum,