Private Acts of 1929 Chapter 73

SECTION 1.  That all counties in the State of Tennessee having a population of not less than 28,795 and not more than 28,805 according to the Federal Census of 1920 or any subsequent Federal Census, through its quarterly county court, shall be authorized to borrow the money for the purpose of paying High School and Grammar Grade Teachers for said counties for the school year 1928-29 or for any subsequent school year or years thereafter.

SEC. 2.  That the said Quarterly County Court of said counties shall be and is hereby authorized to issue interest bearing warrants and pay interest on same not to exceed six per cent (6%) for the purpose set forth in Section One of this Act and shall not at any time borrow money or issue warrants for said purpose unless the same is authorized in the budget adopted by the County Court either in regular or call session.

SEC. 3.  That said money borrowed by the said county quarterly Court, shall not be for a longer period than six months, and that the money borrowed for any school year shall only be to meet the deficit where the tax levy is insufficient to meet the budget or to pay salaries of teachers until sufficient funds have been paid into the office of the County Trustee to take care of said teachers' salaries as provided in the School Budget regularly adopted by the County Quarterly Court.

SEC. 4.  That all laws and parts of laws in conflict with this Act, be and the same are hereby repealed and that this Act take effect from and after its passage, the public welfare requiring it.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, 1929.