Todd v. City of Laurens

Citations

• 48 S.C. 395
• 26 S.E. 682
• 1897 S.C. LEXIS 108

Syllabus

<p>.1. Assessment — Case Followed. — There can be only one assessment of town and city property for county, State, and municipal taxation. Following State ex ret. Ross v. Kelley, 45 S. C., 457.</p> <p>2. Municipal Corporation — School District — Municipal Debt.— Where the territory embraced in a municipal corporation is by special statute formed into a school district, and such act authorizes the issuing of bonds for school purposes, such bonded debt is not a part of the municipal indebtedness.</p> <p>3. Municipal Debt — County Debt — Bonded Debt. — Can the bonded debt of a county be considered any portion of the debt of the city situate in such county?</p> <p>4. Amendments oe Municipal Charters. — The legislature may amend the charters of cities and towns previously enacted by a general act.</p> <p>5. Bonded Debt — Municipal Debt — Sec. 7, Art. 8, and Sec. 5, Art. 10, Con. 1895, Construed. — No city or town can create a larger bonded municipal debt than eight per cent, of the value of its property as assessed for State taxation, nor greater than fifteen per cent, of such property so assessed, including the bonded debts of all the political divisions embracing such city or town. Sec. 7, art. 8, sec. 5, art. 10, Con. 1895, construed.</p>