The Madisonian. (Canton, Miss.) 1850-1855, 1850-03-21

A. hHHN III ~ a
entitled an act e incorPaIa,e ne
2 l aSs and Jacksun Rail Road Com
Cahto" aroved. Febrnaryihe lat. lS4l.
'a9y a aPd February 7th ls4s.
|ns P'',s' 4. it.eaacfeg 6ytts Legis'a.
sec; !. Sac Of mississippi, That
pc g 4 Il P lice Of The Comfy OF
elm 5.,an e.. and they are hereby au'
lad i ! s 4, required 10 subscribe for
h"FIzsu .,oct N the Canton and Jack
apg p.a Rad Company, TO the amount
\ ! oDe hundred thousand dollars M 'ar
Ca ] occnnnt Of the county Of Mad,
nd 2" .SEor he paymeRt thereof, they
Po o, ana'V one ,"1 hundred houds of one
" lsosI dollars each, PAYABLE I" the
'ou;q"r Directors. and Company OF
ca0,Sn and Jackson Rail Road or
".rsr. redeemable in twenty years Or
e eans, Al The option Of the rb,llgor''
0o";nr interest utthe rate Of six PEI,
nsr aunum payable annually and
/ deIiyer The same to the commission
q appointed for the taking OF stock at
a Sse >. Be IL frther enacted, That
" said Board Of Police shall levy a
@Oeo,al tax on said county, for the pay,
TN, Of the annual interest on SAID
onJs which shall yield the nett sum OF
thousand dollars per annnm' |" DC
ELECTED nthe same manner maroon
I ,sxss are nowcollected nsaId coun.
gsec. 3, Be Il fytEcf Enacted, Thar
II dividends accruing on said stock so
,bscr,bed, shall be appropriated 10 the
ovmept Of the annual interest accru-
: IN and the redemption ofsaid bonds,
I'M that after said bonds shall have
len all redeemed, the SAID dividends
6sll be paid into the County Treasury
Id form a part of the revenue Of
id county.
ouds to be assigned under the first
c,ion Of this act, sbalI-he to the fol.
WING form aud effect. Know al men
these presents, that the county Of
sdison in the State Of Mississippi is
slly indebted toihe President, dWec-
rs and company Of the Canton and
ackson Rail Road or bearer, IN the
m Of one thoasaDd dollars payable
Eeuty years after the date hereof, or
oner. at the option Of said county
airing interest from tie date, at the
lie of six per cent ger annum payable
nually, for the payment OF which
sbt and interest, the revenue Of said
uniy is hereby pledged in witness
lereof, &c, which said bond shall be
kned and sealed by the President Of
{ Board of Police of said county and
Undersigned by The CLERK Of said
bard with the seal Of the county al
bhed.
Sec. s, Be ii fiyther eaartcd, thai
II President, directors aud Cntapany,
by sell said Bondsorany part of Them,
divided they can be soll al pH, aud
yest the proceeds thereof in the con
F%uciion of said road.
Sec. 6. Be ii .forther raacted, Thai
county Of Madison shall be enti,Ie
three members Of the Board Of d
ctoIs Of said corp ,rattpn, who shat
appointed by the Board Of Police OF
d county.
Sec. 7. Be It further eaqctc1, Thai
question OF subscription Of stock
the county Of Madison in said Raj
bad, be submitted to the people ..
i county at an election to be held OF
P second Monday of April / 80, whar
il shall appear thai a majority IF The
mbcl Of votes cast for tho seyrra
Odldaies for Governor Of this STATE
'he November election eighteen huu
ed and forty niue, are III favor Of sac
description; then the said Board ar,
4utred to subscribe the same as here
before provided, unless a maioril,
the number of votes 81 caSt as aGora
d tor the candidates for GOVERN
ny vote IN favor Of the Subscription
'ald stock, then the question Of sub
llpllon shall again be fully submiiae,
lie people Of SAID county on the frs
onday Of November next thereafter
= ms act shall not take effect unles
iaJotly OF the nun Der of votes cas-
aforesaid for Governor shall be il
'or OF said acknowledgements,
ways ltal said Board of Police shal
subscribe for said stock, nor issu,
% Bonds until the sum Of Al least an.
lnored thousand dollars shall hay
- subscribed for stock in sand RAJ
Raa ny individual or Company stock
laef''
Pee. g. Be il frtEe, enacted, Tia
BOARD Of Police shah appoint 10
I'o'e persons far each precinct i
county 70 conduct said eleclior
''se du,y It shall be 10 ASK each vote
'e'ner he is for or against The sui
putin OF said stock, and record am