Arkansas intelligencer., 1848-12-02

faithfully discharge the duties u !heir ol0e, "nu
account for all moneys which shah '0'i'0 -
hands, as such commissioners.
SEC. 6. BE IL further enacted, That the A''oi
ney General of the State shall draw blank torsn
for such funds, and publish ii in the newspapers
of Little Rock. When such bonds are executed
and approved, they shall be filed in the county
Clerks Office, and copies thereof, shall be evil
dence in the courts.
SEC. +. Be IL further enacted. That said COM
missioners. and their SUCCESSORS in Office, shall be
Il corporation for all the purposes of this act, un.
der the style Of the Boara of Internal Lmprore-
men! Of the particular county, and as such may
sue and be sued, plead nd be impleaded, &c.
Sec. 8. Be ii further enacted, That each board
of commissioners shall elect of their number
treasurer who shall elect and disburse upon the
ders of the board. They shall also elect one Of
their number secretary, who shall keep Journal
of the transactions of the board.
Sec. 8. BE 1t further enacted, That after said
boards of Commissioners shall be elected, and quail
flied as aforesaid, they shall each receive from the
State Treasurer, the portion of said fund, as 1t
may from time to time be divided going TO their
respective countless and shall execute a receipt
therefor.
Sec. 10. Be IL further enacted. That the prin-
cipal shall be and remain perpetual fund, to be
loaned out by the several boards of commissioners
as hereafter provided, and the interest applied to
such works of Improvement as said boards may
from time to time designate.
SEC. II. Be 1t furtter enacted. That said board
shall loan out said fund.- as ii shall come to hand.
to good and punctual men, for not longer than IL
months at IA time, taking bond and good security
from the borrower, and also mortgage upon land
negroes, sufficient to make The debt perfectly
secure.
SEC -. Be 1t further enacted. That, when one
of said bonds falls DUE the board shall always COL
lect the interest, and may permit the borrower tc
retain the principal for more years longer
if they deem the debt secure beyond doubt
Sec. l3. Be IL further enacted, That said board
| of commissioners shall determine, from time tc
! time, the improvements that shall be made with
such fund, and shall proceed 10 make the same, by
the employment of hands and oversoers, or lettin 9
the work to the lowest aud most competent bidder
as thew may think most expedlent, provided thai
| the said fund shall no. be applied 10 any mere
neighborhood improvements, but TO improvement:
for The general benefits or the county.
| Sec. Il. BE ii further enacted, That said com
missioners, in consideration OF their services, shG.
be exempt from road, militia, and jury SERVICE al
so from county tax.
| Sec. Is. BE IL further enacted, That the board.
of Commissioners of any number ef counties that
may consent thereto, may form their counties into
district, and, unite the interest arising from hei
respective funds, for the purpose Of improving c
river, opening or improving road, or canal, IL
! which they are mutually Interested.
Sec. Is. Be IL further enacted, That, to eifec
! such union of funds. and make common work
the boards of all the counties agreeing to confede
| rate, shall meet in convention. and determine the
! place and character Of the work and then elec
one from each board, who shall constitute dis
trict board, TO carry oul and accomplish the worl
agreed upon by the convention.
cEU. ~. ~ g G.stv. O..,.vS,1, T',>s, -~honero
a new county shall DO hereafter erected the ac
establishing such county shall provide for the eiec
ton OF board Of Internal Improvement commits.
sioners, provided IN the foregoing sections for
| the counties now existing, and said commissioner
shall take an oath, and give bond and constitute
a corporation, as above provided.
SEC. is. Be II further eHucted, That, whenov-
er new county shall be created, and elect nd
qualify lis board of commissioners, it shall be the
duty OF the board of commissioners of each of the
other counties throughout the State, 10 divide Sc
much OF the principal OF said Internal Improve.
ment fund.- shall have been paid over TO them
by the State Treasurer, into many parts as there
are counties N the State, including the new cOun.
| ty, and pay the State Treasurer one divi-
dend thereof, and the Treausrer shall pay over to
! the board Of commissioners of the now county.
all the dividends paid TO him, and they shall dis
| pose of it as above provided and in subseq uent
divisions Of the fund by the treasurer such new
counties shall receive equal dividend.