gcls_citycode_1898_ 0031

LAWS AFFECTING THE CITY OF GREENVILLE.
27

and the coupons for said interest, when due, to be re-
ceivable in payment of all taxes levied by or due to said
city: Provided, That said bonds shall not be issued until
the question of issuing the same shall have been submit-
ted to a vote of the qualified voters of said city, at an
election to be held for that purpose on the last Tuesday
in January 1891, and if a majority of the voters shall
vote in favor of issuing said bonds, then the City Council
of said city shall issue the same as hereinbefore provided;
Provided, further, That the said City Council of the City
of Greenville shall give ten days public notice of the
time and place of said election, appoint the managers,
and declare the result of said election.

SEC. 2. That the said City Council shall turn over said
bonds when issued to the Board of Trustees of the free
public shcools of the school district of the City of Green-
ville.

SEC. 3. That the said Board of Trustees are authroized
and empowered to sell or hypothecate said bonds: Provi
ded, That they shall not sell or hypothecare said bonds
for less than their par value, and until said bonds are
soid or hypothecrated, and if sold or hypothecated, the
proceeds thereof shall be deposited in the bank, to be
drawn out only upon the order of said Board of Trustees,
and countersigned by the Chairman and Treasurer.

SEC. 4. That the money arising from the sale or hypo-
thecatien of said bonds be used exclusively for the pur-
poses set out in Section one of this Act, and to this end
shall be expended under the direction and control of said
Board of Trustees; and should any of said bonds be not
used by said Board of Trustees, the same shall be return-
ed to the said City Council and by it cancelled.

SEC. 5. That the said Board of Trustees and their
successors in office, are authorized and empowered to
take and hold in trust for said School District all neces-
sary lands and tenements and personal property, whether
by purchase, grant, devise, gift or bequest, and use and