1927_public local laws_53_2
CHAPTER 52 AN ACT TO AUTHORIZE THE BOARD OF COUNTY COM- MISSIONERS OF BLADEN COUNTY TO ISSUE BONDS AND LEVY A TAX THEREFOR. The General Assembly of North Carolina do enact:
That the board of county commissioners of Bladen County is hereby authorized to issue ninety-five thousand dollars of bonds of said county for the purpose of funding notes issued for money borrowed to erect school buildings essential to the maintenance of the six months school term. Said bonds may bear such rate of interest not exceeding six per centum per annum and be payable at such times not exceeding thirty years from their date as the said board of commissioners may determine and may be made payable in gold coin of the United States. The said board of commissioners shall levy a special tax sufficient to meet the principal and interest of said bonds and such tax shall be assessed and collected in the same manner as other taxes.