Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-08-03
IN act TO procide torthc Internal Improvement
this State,


an 9ct 10 prortde forthe Internal Improvement o
this State.
WHEREAS, ihe present condition of this STATE
w calls for general system Of internal improve
o,nt. which will tend greatly 10 its wenlth, popna
ton, and resources, encourage lis agriculture, am
promote It's commerce:
Therefore,
Section /. Be it enacted by the Legislature Of th
State Of Mississippi, That there shall be elected D.
1ipt ballot of both houses Of the legislature, three
persons, citizens Of this State, who SHAH DC com
msssioners for the internal improvement ct tn.
State; and they shall be STYLED 1.-THE board OF int
nal improvement for the State Of Mississippi
They shall be elected bienualIy; and il any vacan
CT shall happen in the said board, by DEATH reno
val from the State or refusal TO act the Governor
Tor the time being shall appoint, to hi such vacancy
which appointment shall continue until the mex
meeting Of the Legislature.
See. ,. Be il further enacted That the sum oil
five millions of dollars be raised, by the means OF q
loan to said board OF internal Improvement; to laclI
nate which loan of five millions OF dollars, the laitl
Of the state be, and the same is hereby, pledged
both for the security of the principle and interest
and that two thousand five hundred bonds OF 1--WE
thousand dollars each, 10 wit: SIX hundred an(
twenty-five payable in fifteen years, SIX hundred
and twenty-five payable in twenty years, SIX hun
bred and twenty-five payable in twenty years and
bearing interest at the rate Of six per centum pei
annum shall be signed by the Governor OF tins state
and countersigned by the Tresaurer, to the order
Of the board OF internal improvement olthe STATE
d Mississippi, and under the seal OF The STATE
Sec. 8. Be il further enacted, That the SAID
bonds SO issued shall be ~ the following words, 10
wit:
Know all men by these presents, that the state
Of Mississippi acknowledges to be indebted 10 Tue
board oilnlerna improvement OF the state OF ms
ssSippi in the sum Of two thousand dollars; which
sum the said State Of Mississippi promises 10
payin current money of the United States To the or
der Of the President of the board Of internal I'M
provement OF the State of Mississippi, on the
with interest at the rate OF six per cent. per annum
payable half yearly, at the place named in the en-
dofSement thereto, viz; on the OF eve
FY year, until the payment of the said prlnclpa
sum- In testimony whereof, the Governor oil Tie
SlaIe OF Mississippi has signed, ard the treasurer
olthe State has countersigned, these presents, and
caused the sea- Of the State 10 be affixed thereto al
Jackson, tits in the year oil our LORD
Governor.
Treasurer.
Sec. a. Be it further enacted That said bonds
may be Transferable, by the endorsement Of NE
president Of said board to the order oil any person
whomsover, or TO the bearer; and said endorsement
snail fix the place the said principal ana interest,"
stall be paid
Sec. s. Be it further enacted, That the SAID sun
OF hive Millions when obtained by the loan aloFe-
SAID, shall be deposited IN the Unoh or rIdh1ets
BANK or both, fSaid bank or banks wiz uhueFlahe
ana agree to pay the interest accrung on sald ooho'
JT Tue time the money 50 deposited sliaA remain Oh
aeposte, and charge The state with the amounts e-
saiy drawn lherefrom, with interest," at lie SAINT
tate upon the amount so DRAWN fom lhe dae uit
check or checks drawing the same shah DC pad
@ai keep the same subject to the order OIL sad
VoaFe, or such disposition as the legislature Shal d.
rect And il the said bank or banks sfaH refuse
F" make such agreement, then the board shaIl dI'
PoslIe the same on the best terms ihey can oo1ali
Y any OF the specie-paying incorporated oanhs Y
ldIs State
Sec. 6. Be il further enacted That the SAID
board OF Internal improvement is hereby authorized
ana required to cause TO be constructed ran roaC
rom tie Mississippi City, il The Mississippi CIT!
Canpany SHAH ohhgate themselves TO give to tA'
9.ate, 10 aid IN constructing the SAID road, one iaI
o' The nett proceeds OF the sales Of The remaining
alsoli .ots embraced in the survey OF the sand city
ana, II said company shat refused 10 make such DO
"al0n, then from some other point near the salc
cly, TO some point il Pont0tJc county; and latte.
ras ihereirom, one extending 10 some point IN lsh
emlngo county, and one extending 10 The MlssIssipp
flver at some point in the county OF funica. And, 4
'ueel which, they are hereby authorized 10 niak'
'ch contract or contracts, not inconsistent With Tx
P'eYSons Of this act as nav be necessary 10 pur