Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-12-21

! .f.vACT O. a,5 TO C--.n.,1r1i Reload a7a
BszEi-- C-e7-s. e It.ltIt-e o. r-z'f-sis
/ nor, sf,-iu--t ii7r rrrt Of fecSs. Ia
! pra-tae4', asa ',r s.ssr as poses.
WHEREAS 5ac cacra-s.- rarrJ O.. 'r'.-ns. m
w provence; g deemed. at te ar>afgre- a
SUBJECT 81 Ihc rtcst an.s'sscc snd acc7ss' .n-
/ teres. 90 ihc pge5Fc ct Ms SIP. srt whereas
the president. t.-rc,0-s, ana cempar9 o. taf con-
mercia. n, l--uad hank 81 Nckstu1y aavc manifest
ed the me, anicul rcal anl uuilrns Iiusiry 10 ne
prosecution of The Ncksburg ADJ lsCAson railroad
az time when I'll thc rsourccs Of thc country seem
"a necessary 90 protect the credit ans character 81
banking department; and whereas, the legislature
are sensible Of lie vast Importance If spectiy com
plstng tie sad road without Impalsng tie a'eIG'-
ness Of tie bank
Section /. BE Il enseted by the Legislature OF the
State Of Mfssssipp, That N orl,r to facilitate me
said Improvement without deprying the peope OF
the benefits Of tie bank, that Two hundred bsnds'
Of five thousand dollars each, payable twenty years
after date 10 tie order Of The president, directors
and company, Of the Commercial and raj road bank
Of Nicksburg, bearing interest at The rate oil >N
per cent per annum. shall be signed by the governor
OF the state, cOunicrSgned by the Sis'e measure y
and under seal Of the state and Tie a'th OF ll'e
| state he, and the same is hereby, pitdged Tor Tue
punelual payment Of the principal and interest OF
sand bonds said bond 10 be IN the following WORKS.
| 10 wit:
Know oil men BY these presents, that The state Of
! Mississippi Acknowledges herself TO be indebted 70
the president directors and company, OF The Oon'-
mercia and rail road bank Of Vicksburg IN The sum
Of FIVE thousand dollars cnrrent monay OF the Ch'-
! ted States which sun the said state OF MISSISSIPPI
promises To pay TO the order OF the president drec
tors and company, Of the Commercial and railroad
bank of NlcksbuIg twenty years alter date hereo'
with interest at the rate Of six per cent per annum
from the date Of the endorsement payable Seml-ah-
nually at the place mentioned IN the endorsement
hereto. In witness whereof, the governor oil Tue
state of Mississippi has signed and the treasurer OF
the state has counlersigned, these presents, and
caused the seal OF the state be affixed thereto al
| Jackson This day of in the
year OF our Lord
Governor.
Treasurer
Sec O. AMI be it further enacted, That the sad
bonds may be transferable by the endorsement OF me
president and cashier Of said bank TO the order oil
any person or persons whomsOever, or to tle Dear
er and the said endorsement shall Tx the pace
where the said principal and interest shall be pa'd !;
and all the expenses incurred therein shan DC ue-
irayed by the sad bank
Sec 8. And be it further enacted, That boih
the principal and interest OF said bonds shall be pad
by said bank at the time they shall seVerally iaIl
due,
Sec 4. And be it further enacted, That to secure
the payment ol the principal and interest the SAID
bonds, [whcnl either or both shall fall due by the
said bank, the execution and delivery OF sad bonds
To the said president directors, and company, oil the
Commercial and rail road bank OF VickSbuIg, shall
have the force and effect Of mortgage upon the
said Ncksburg and Jackson railroad to the state OF
Mississippi, which may be loreclosed by the state,
upon any failure Of the said president, directors,
and company, to pay either the interest or the prn-
clpal of said bonds, according 10 the tenor and eli
feet and the endorsement thereon.
Sec. 5. And be il further enacted, That the sec
ton of this act, whereby the faith Of this state IS
pledged for the payment and redemption Of the loan
contemplated by this act, be referred TO the next leg
satare Of this state in pursuance OF the nlnthsec-
ton of the seventh article Of the constitution; and
that this article be published under the direction Of
the governor, IN at least three newspapers, publish
ed in this state for three months previous 10 the
next general election, and that thus act, together
with the yeas and nays thereon, be entered on the
journals of The senate and house OF representatives
Sec. 6. And be it further enacted That the ex
pense OF newspaper advertisement, mentioned II
this act, shall be paid by the said rail road company
Sec. 7. And be it further enacted, That tht
powers rights, and privileges conferred by this act
aud the act Incorporating the Commercial and raj
road bank OF Ncksburg, aud the several acts supple
menlary or amendatory thereto, shall be in full force
and continue until the year one thousand eight hun
drcd and eighty after which time the said ra-roa,
shall become and be the property of the state.
JOHN w. KING,
Speaker Of the House of Representatives..
y A. l.. BlNGAMAN,
II President Of the Senate,
u Approved, February 49, 1889.
:, A. G. McNUTT