Corporate lim CHAPTER 25. SENATE BILL No. 109. (By Mr. Ward.) AN ACT to amend an Act entitled "An Act to incorporate the town of Trimble, in the county of Dyer, and to define its rights and powers; provide for the election of officers, prescribe their duties and powers," passed April 8, 1905, and approved by the Governor April 13, 1905, so as to extend the corporation limits, provide for a Tax Assessor, prescribe his duties, and change the time for collecting taxes. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the Act of 1905, Chapter 401, being entitled "An Act to incorporate the town of Trimble, in the county of Dyer, and to define its rights and powers; provide for the election of officers, prescribe their duties and powers," be and [are hereby] amended so as to extend the limits of the said corporation in the following manner: Beginning on the county line between Dyer and its extended. Obion Counties 14 poles from the present northeast corner of said corporation; thence east sixty poles to the west line of the public road; thence south with the west line of public road 100 poles to a stake in the lands of Dora Parks; thence west 123 poles to the present corporation line. Tax Assessor. Assessments made. SEC. 2. Be it further enacted, That Section 5 and Section 12 of Chapter 401 of the Acts of 1905 be amended by inserting after the words "Recorder, Treasurer, City Marshal," the words "Tax Assessor." SEC. 3. Be it further enacted, That Section 17 of Chapter 401 of the Acts of 1905 be repealed, and the following be inserted therefor: That the Assessor shall annually, beginning on the tenth day of January of each year, take a list of all the taxable property, realty and poll, within the city limits, the said list to be completed within sixty days and returned to the Board of Mayor and Aldermen. The Assessor, in making assessments, shall be governed by the State laws on that subject in force at the time the assessment is made, and is hereby empowered to administer oaths in making assessments. This report of the assessed property shall be open to the public for inspection in the Recorder's office until the regular meeting night in May of each year, at which time the Board of Mayor and Aldermen shall hear all complaints as to their assessments, and correct errors; increase, decrease, and equalize the same, and the list of taxes so equalized and arranged shall be the assessed valuation for that year in which the assessment was made, and upon such valuation the Board of Mayor and Aldermen shall at once make the levy for the current year. After the Board of Mayor and Aldermen has made the levy, the Recorder shall make out the tax books for the year, including both real and poll or mixed taxes, and have the same ready by the first day of September to be placed in the hands of the City Tax Collector. SEC. 4. Be it further enacted, That Section 20 of said Acts of 1905 be, and are hereby, amended by striking out the word "November" in the fourth line thereof and inserting therefor the word "September," and striking out the word "June" in the ninth line thereof and inserting the word "December," thereby making the taxes due on the first Monday in September; and if not paid, will become delinquent after the first Monday in December of each and every year. SEC. 5. Be it further enacted, That all laws and parts of laws in conflict with the provisions of this Act be, and the same are hereby, repealed, and that this Act take effect from and after its passage, the public welfare requiring it. Passed January 29, 1909. WM. KINNEY, M. HILLSMAN TAYLOR, Speaker of the House of Representatives. Approved February 5, 1909. MALCOLM R. PATTERSON, Recorder to make tax books. Governor. Bonds-de of. CHAPTER 26. HOUSE BILL No. 195. (By Dr. Helm.) AN ACT to authorize the municipal corporation of the Mayor and Aldermen of the town of Morristown, in Hamblen County, Tenn., to issue and sell coupon bonds of said town in a sum not to exceed twenty-five thousand dollars ($25,000), the proceeds thereof to be used in the extension, improvement, and equipment of the waterworks plant of said town. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the Mayor and Aldermen of the town of Morristown, in Hamblen County, Tenn., be, and it is hereby, authorized and empowered to issue and sell coupon bonds of said town in a sum not to exceed twenty-five thousand dollars ($25,000), or in such sum less than said amount as the Board of Mayor and Aldermen of said town may by ordinance determine, the proceeds of the sale of such bonds to be applied to the improvement, extension, and equipment of the waterworks plant of şaid town, including the acquisition of such real estate, water privileges, and rights of way as may be deemed necessary for the proper extension and improvement of said waterworks plant. SEC. 2. Be it further enacted, That the bonds isnominations sued for the above purpose and under the authority of this Act shall be of such denomination and shall bear such rate of interest, not to exceed, however, six per cent per annum, as the said Board of Mayor and Aldermen may determine by ordinance. Said interest shall be payable semiannually on the first days of July and January of each year. All of the said bonds issued for the above purpose and under the authority of this Act shall be payable in twenty years from date of their issuance in lawful money of the United States, and said bonds and the interest thereon shall be payable at such place as the said Board of Mayor and Aldermen may determine. Said bonds shall show upon their face that they are "Waterworks Improvements Bonds," and that they are issued under and in pursuance to the authority of this Act. SEC. 3. Be it further enacted, That the bonds pro- Signed by. vided for by this Act shall be signed by the Mayor and Recorder of said town, shall have the corporate seal thereon, and in no case shall be sold for less than par; and the coupons attached shall, as they mature and fall due, be receivable for all taxes and dues to the said municipality, except the sinking-fund tax hereinafter provided for. SEC. 4. Be it further enacted, That before the is- Sinking fund. suance of any bonds hereunder, the corporation shall provide by ordinance for a sinking fund wherewith to rebut the bonds by levying a special tax on property, the same to be designated the "Waterworks Sinking-Fund Tax," the tax to run with the bonds and to be collected annually as other taxes are collected, and used exclusively for the purpose levied, and to be sufficient, with its accumulations, as near as can be estimated, to meet or retire the bonds issued hereunder at maturity. ers. SEC. 5. Be it further enacted, That said, corpora- commissiontion, before issuing any of the bonds authorized by this Act, shall, through its Board of Mayor and Aldermen, elect three citizens of the corporation, who shall be known as the "Waterworks Sinking-Fund Commissioners." They shall be elected for three years, and shall hold office until their successors are elected and qualified. They shall be so elected that the term of office of one of said Commissioners shall expire each year, which shall be done by electing at the first election one Commissioner whose term of office shall be one year, one whose term of office shall be two years, and one whose term of office shall be three years, and thereafter the Commissioners elected shall be elected for the term of three years as provided herein. SEC. 6. Be it further enacted, That said Commis- oath and bond. ioners shall take and subscribe an oath in writing, fore any person authorized to administer oaths, faithfully to discharge their duties, and shall give hond and otherwise qualify themselves as said Board of Mayor and Aldermen may prescribe, and receive ach compensation as the said Board shall deem just and proper. Said Sinking-Fund Commissioners are authorized, Treasurer to sell bonds, etc. upon giving bond and qualifying as provided herein, to receive from the collector of taxes or the treasurer of the corporation said waterworks sinkingfund taxes, and shall invest the same from time to time in such manner as will best serve the interests of the corporation, and they will make settlement in such manner and with such persons as the corporation by ordinance may direct. The said sinking fund in the hands of said Sinking-Fund Commissioners may at any time be used for the purpose of taking up and canceling any bonds issued under authority of this Act which are not due; provided, the holders of such bonds are willing to surrender same at par value. SEC. 7. Be it further enacted, That upon the issuance of the bonds under this Act the Treasurer of said town shall receipt for and receive them, and proceed to sell them under the direction of the Board of Mayor and Aldermen, and hold the funds derived therefrom as a separate fund to be used only for the purpose of improving, extending, and equipping the waterworks plant of said town, including the paying for such real estate, water privileges, and rights of way as may be deemed necessary for such purpose; provided, said Treasurer shall enter into special bond, to be approved by the Mayor of said town, in double the par value of such bonds, conditioned upon his faithfully and properly handling and paying out such funds. SEC. 8. Be it further enacted, That said funds arising from the issuance and sale of said bonds shall only be used for the purposes hereinbefore desig nated, and shall only be paid out of the treasury of the town in such manner as may be prescribed by said Board of Mayor and Aldermen. SEC. 9. Be it further enacted, That this Act tak |