OF THE STATE OF TENNESSEE PASSED BY THE FORTY-NINTH GENERAL ASSEMBLY. 1895 PUBLISHED BY AUTHORITY. NASHVILLE, TENN.: FRANC. M. PAUL, PRINTER AND STATIONER. 1895. PUBLIC ACTS OF THE General Assembly of the State of Tennessee, PASSED BY THE FORTY-NINTH GENERAL ASSEMBLY, Which was Begun and Held at Nashville, on the First Monday in January, in the Year of our Lord One Thousand Eight Hundred and Ninety-five. CHAPTER 1. AN ACT authorizing the Mayor and Aldermen of the town of Bris tol to issue bonds to fund its floating debt, and to provide a sink. ing fund for the payment of its bonded indebtedness. issue $35,000 bonds. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the Mayor and Aldermen of the town of Bristol, in Sullivan County, are hereby aur Authority to thorized to issue the bonds of said town, in its corporate name, signed by the Mayor and countersigned by the Recorder, with interest coupons attached, which shall also be signed by the Mayor and Recorder, to an amount not exceeding thirty-five thousand ($35,000) dollars, which shall be used, or the proceeds of which shall be used, for no other purpose than to fund or pay off the floating debt of said town. tion and interest. SEC. 2. Be it further enacted, That the bonds herein authorized may be executed of denominations of fifty dollars to one thousand dollars, and shall mature at Denominasuch times, from five to thirty years, as may be deter mined by ordinance of the Mayor and Aldermen of said town, bearing interest at a rate not to exceed six per centum, payable semi-annually; provided, that said bonds, or the proceeds thereof, shall be used for the funding or payment of the floating indebtedness of said town. SEC. 3. Be it further enacted, That the interest cou; Coupons repons on said bonds shall be receivable for taxes due salceivable for town; provided, said coupons shall not be receivable for taxes levied for school and ordinary purposes. taxes. |