grounds. Improvement in grounds of the said William Enston Home, the said Board of Trustees are hereby required to reserve and set apart a space of one hundred (100) feet square at or near the centre of the grounds, or at some other suitable point therein as they may determine, which spot is hereby dedicated for the erection thereon of a perpetual memorial by the City Council of Charleston to William Enston, her large-hearted, noble benefactor. Memorial. Investments and property vested in Trustees. Power to change investments. SEC. 393. All the money, stock, securities, investments and estate of every kind and description, with the increment thereon, which has heretofore come and which hereafter shall come into the possession of the City of Charleston, or which is now held by any agent or officer of said city, or trustees on behalf of said city, and which has been or may hereafter be received by the City of Charleston under the bequests and devises contained in the will of the late William Enston, and the articles of agreement and deeds and instruments executed by and between the parties in interest under said will in settlement of said estate of William Enston, shall pass to and be vested in said Board of Trustees for the use and benefit of said Home.. SEC. 394. And the said Board of Trustees shall have power to sell, at public or private sale, and transfer and convey any and all of the said property, real or personal, applying the proceeds of such sale to the use of said Home; and all funds held by them shall be invested in such public securities or other estate, real and personal, as they may deem most beneficial; and all such investments shall be made in the name of the Trustees of the William Enston Home; and no investment or change of investment of such property shall be made, unless by the vote of three-fourths of the members of said Board of Trustees. SEC. 395. That the said Board of Trustees out Το build cottages of brick in of the principal of the fund and property now turned Rest and residue to be held for Corpus of fund to be held. SEC. 396. That the rest and residue of the principal fund and estate now turned over to said Board use of Home. of Trustees, remaining after said improvements above mentioned, be held by the said Board to be applied, principal or interest in their discretion, to the use and maintenance of said Home. That the corpus of the trust fund and estate now vested in William A. Courtenay and Isaac Hayne and William Enston Butler, trustees, which hereafter, upon the death of the annuitants of William Enston, is to be paid over and transferred to the City of Charleston for the use of said Home, shall always be kept and preserved intact by the said Board of Trustees as a principal fund and estate. And only the interest, income, rents, profits and dividends issuing out of the same shall be applied and expended in the further improvement of said premises, erection of additional cottages and the support and maintenance of said Home. SEC. 397. It shall be the duty of the said Board of Trustees to make in writing annually to the Mayor and City Council of Charleston a full report of their proceedings during the year, and of the state of the Home, showing the number and condition of the cottages, inmates, and all matters necessary to a full understanding of the affairs of the Home, which shall be certified by the president and secretary of said Board. And there shall be ren Income expended. to Board to make reports. Feb. 12, 1889. Board to elected. dered with said report annually an account or statement, certified in like manner, showing the receipts and expenditures for the year and the assets and pecuniary condition of the Home, and said reports shall be addressed to the Mayor before the tenth day of January in each year for the preceding fiscal year. Bathing Houses. SEC. 398. That a Board, consisting of seven be Commissioners shall be annually elected by the City Council, at the annual election of city officers, which shall be charged with the erection, care, conduct and management of the bathing houses, and shall have power and authority to make such rules and regulations as it may deem best for the management Power and au and maintenance of the same: Provided, That said thority of same. rules shall require the said bathing houses to be opened each and every day during the months of May, June, July, August and September, from 6 o'clock A. M. to 10 o'clock P. M., three days in each week for the admission of the public, under proper regulations of the said Commissioners, free of charge, and the remaining days in each week to be opened at such charges as may be fixed by the said Commissioners, for the purpose of defraying the expenses necessary to the maintenance of the said bathing houses. All moneys so received by the said Commissioners, to be deposited with the City Treasurer, subject to the order of the said Commissioners. FREIGHT COMMISSIONERS-FREIGHT BUREAU. 159 CHAPTER VIII. Freight Commissioners-Freight Bureau. ed. Board establish SEC. 399. There shall be a Board of Freight Dec. 11, 1894. Commissioners for the City of Charleston, which shall be one of the municipal Boards of said City, and shall be appointed and hold office as in hereinafter ordained. SEC. 400. That the said Board shall consist of seven members, two of whom shall be Aldermen of the City of Charleston, to be nominated by the Mayor; one Commissioner to be nominated by the Chamber of Commerce, one Commissioner to be nominated by the Cotton Exchange of the City of Charleston, one Commissioner to be nominated by the Merchants' Exchange of the City of Charleston, one Commissioner to be nominated by the Commercial Club of the City of Charleston, and one Commissioner to be nominated by the Young Men's Business League of the City of Charleston; all of which nominations shall be reported to the City Council for confirmation by them: Provided, how ever, that the Aldermen so appointed shall hold office on said Board only during their term of office as Aldermen. SEC. 401. That any vacancy arising from death, resignation, removal from the City, or incapacity to serve filledl of as Dec. 23, 1902. any one or more of their number shall be provided in Section 400: Provided, always, however, That in filling said vacancies the basis of representation hereinbefore ordained shall be preserved, and the person or persons so selected to fill such vacancy shall be reported to City Council for confirmation. SEC. 402. The said board shall be authorized to How composed. Vacancies, how filled. ties of Board. Power and du examine into all matters appertaining to the rates of freight into or out of the city of Charleston, whether by water or by land; and into all matters connected therewith; and also into all matters appertaining to the rates of insurance, fire and marine, and all matters connected therewith; they shall be charged with the special duty of taking such steps as they may deem proper to prevent any discrimination against the interests of the city of Charleston, and insure fair, just and proper rates of freight and insurance in, and out of the said city. They shall have power to appoint and at pleasure remove an agent or manager, to be known as the manager or inspector of the Freight Bureau of the city of Charleston, and also a clerk and to fix the amount of compensation for each subject, however, to the approval of the City Council of Charleston. They shall have further power to make such rules and regulations for the management for the said bureau, and the discharge of the duties herein imposed upon them, as they may deem proper, provided such rules are not inconsistent with the laws of the land or the ordinances of the city. SEC. 403. The Board of Freight Commissioners shall have entire control and management of the Freight Bureau hereby created, and shall report all their operations, actions and expenses annually to the City Council for its information and approval. SEC. 404. That for the support and maintenance of the Freight Bureau hereby created, such sum shall be annually appropriated by City Council as they may deem sufficient. |