bonds kept. ance of all his duties as such Trustee relative to said funds, and the said Trustee is not to receive any compensation or commission for receiving and disbursing the funds derived from the sale of the said bonds. SEC. 5. Be it further enacted, That the County Record of Judge of said county shall keep in his office in a wellbound book a record of the number and denomination of said bonds issued under this Act, and the aggregate sum thereof, which shall at all times be subject to inspection by members of the County Court and the public. The whole amount of bonds authorized to be issued under this Act need not be issued at one time, but may be issued in such sum and at such times as the Quarterly County Court may determine, but the total amount so issued is not to exceed fifty thousand dollars ($50,000). SEC. 6. Be it further enacted, That the said County Trustee shall keep a separate account of the special tax levied and collected under this Act, and after paying the interest on said bonds semiannually he shall retain the remainder thereof each year as a sinking fund for the purpose of paying off and retiring said bonds. maturity. SEC. 7. Be it further enacted, That the County Notice to be Judge of said county shall, within sixty days imme- given of diately preceding the maturity of said bonds or any of them, give notice to the holders thereof through some newspaper published in Centerville, Tenn., for a period of thirty days, stating in said notice the number of said bonds and when they shall become due, and requesting the same to be presented for payment or redemption on said date at the place designated in said bonds; and if said bonds are not presented for payment or redemption at the time. and place so designated, then the interest thereon shall cease. SEC. 8. Be it further enacted, That the County Judge of said county may, at any time after five years from the date of issuance of said bonds, give notice to the holders thereof through some newspaper published at Centerville, Tenn., for a period of thirty days, stating in said notice the number of said bonds, and requesting the same to be presented at the place designated in said bonds for redemption on the date specified in said notice; and if said bonds are not presented for redemption at the time and place so designated, then the interest thereon shall cease. SEC. 9. Be it further enacted, That this Act take effect from and after its passage, the public welfare requiring it. Passed February 13, 1909. M. HILLSMAN TAYLOR, Speaker of the House of Representatives. WM. KINNEY, Speaker of the Senate. Approved February 19, 1909. MALCOLM R. PATTERSON, CHAPTER 77. HOUSE BILL No. 256. (By Mr. Newport.) AN ACT to authorize the town of Henning, Tenn., to issue bonds for the purpose of improving and furnishing the present school buildings, or for the purpose of buying a new site and erecting thereon a new building or buildings and furnishing and equipping the same. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That from and after the passage of this Act it shall be lawful for the Board of Mayor and Aldermen of the town of Henning to issue coupon bonds in the manner and under the restrictions hereinafter provided in the sum of not to exceed fifteen thousand dollars; provided, said bonds or their proceeds shall be used exclusively for the purpose of improving and furnishing and equipping the present school buildings and property, and for the purpose of purchasing a new site, erecting a new building or buildings thereon, furnishing and equipping the same in such manner as may be determined by the corporate authorities of said town. SEC. 2. Be it further enacted, That all bonds is per cent tions of. sued under this Act shall be of such denomination, Denominabear such rate of interest (not exceeding six per annum), be due in thirty years from date, and be payable, both principal and interest, at such time and place as the corporate authorities may determine, and be payable in lawful money of the United State. The said town of Henning may retain the right to call in and pay off the principal of said bonds at any time after ten years from date of their issuance, said call 'to be made by order of said Board of Mayor and Aldermen, and be posted at the courthouse in Ripley, Tenn., or published in four consecutive issues of some newspaper published in the county of Lauderdale, and no interest shall accrue on the bonds so called after the expiration of thirty days after the termination of the publication so made. SEC. 3. Be it further enacted, That the bonds provided for in this Act shall in no case be sold for less than par or face value, and no commission whatever shall be paid for the sale of said bonds. SEC. 4. Be it further enacted, That said Board of Sinking fund. Mayor and Aldermen shall provide and levy by ordinance a tax upon all the taxable property and privileges in said town of Henning to pay the interest on said bonds as the same accrues, and in like manner provide a sinking fund wherewith to retire said bonds by levying a special tax in addition to the tax that can now be levied under the charter powers of said town, to be designated as the "sinking-fund tax," both said interest and said sinking-fund tax not to exceed twenty-five cents on the one hundred dollars, the tax to be levied, collected, and used exclusively for the purposes levied. SEC. 5. Be it further enacted, That said bonds shall not be issued unless so ordered by vote of the majority of the qualified voters of said town of Henning voting at an election to be held for that purpose by order of the Board of Mayor and Aldermen of said town of Henning. Said election shall be held at any time or as many times as said Board of Mayor and Aldermen may deem necessary, and the said Board of Mayor and Aldermen may submit the question of an issuance of a portion of said bonds at one election and another portion at another election until the whole amount of said bonds herein provided Bonds-when issued. held. Election-how for are ordered to be issued. At least thirty days' notice should be given of any election ordered to be held under this Act by publication in some newspaper in Lauderdale County, being the county in which said town of Henning is situated, there being no newspaper published in said town of Henning; and those voting for the proposition shall have written or printed on their ballots "For Bonds," and those voting against the proposition shall have written or printed on their ballots "Against Bonds;" and if a majority of the votes cast in the election shall be for the proposition, bonds to the amount specified in this ordinance, or such part thereof as shall be necessary to carry out the purpose of this Act, shall be issued. If any proposition be defeated at an election held to test the will of said voters in reference thereto, then it shall be resubmitted at any time after the expiration of six months. Said election or elections shall be held at such time or times as said Board of Mayor and Aldermen may designate; shall be held at the same place and by such officers as other corporate elections of said town of Henning are held and within the hours. SEC. 6. Be it further enacted, That all laws and parts of laws in conflict with this Act are hereby repealed, and that this Act take effect from and after its passage, the public welfare requiring it. Passed February 12, 1909. M. HILLSMAN TAYLOR, Speaker of the House of Representatives. WM. KINNEY, Speaker of the Senate. Approved February 19, 1909. MALCOLM R. PATTERSON, Governor, CHAPTER 78. HOUSE BILL No. 270. (By Messrs. Dixon and Moore of Haywood.) AN ACT to amend an Act entitled "An Act to incorporate the town of Brownsville, in Haywood County, Tenn.," the same being Chapter 174 of the Acts of Tennessee of 1903, passed March 16, 1903, by expressly providing that the Board of Mayor and Aldermen of the town of Brownsville shall have no right or power to lease or sell the waterworks plant of said town unless at an election herein provided for and held for that purpose a majority of the qualified voters of the town shall vote in favor of such lease or sale; and to provide that such lease or sale may be made after such election, if the vote is favorable to such lease or sale, after certain advertisements herein provided for. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That Chapter 174 of the Acts of 1903 entitled "An Act to incorporate the town of Brownsville, in Haywood County, Tenn.," passed March 16, 1903, be, and the same is hereby, amended by expressly stipulating and providing as follows: "That the Board of Mayor and Aldermen of the town of Brownsville shall have no right or power to lease or sell the waterworks plant of said town without first submitting the question as to the lease or sale to the qualified voters of said town at an election to be held for that purpose as hereinafter stipulated and provided, and unless a majority of the qualified voters of said town shall have voted at such election in favor of such lease or sale." SEC. 2. Be it further enacted, That the Board of Mayor and Aldermen of said town may pass an ordinance ordering an election to be held after thirty days' notice thereof shall have been published in some newspaper published in said town to ascertain the sense of the qualified voters of said town as to whether the Board of Mayor and Aldermen of said town shall lease or sell said waterworks plant, the ordinance and notice of election expressly stipulating and providing whether a lease or a sale of the waterworks plant is proposed to be made. The said election shall be held in conformity with said charter |