Washington telegraph., 1852-12-08
A. Bill.

Internal Improvement fInd and to provide
for the investment of the same
SECTION l. Be 1t enacted by the Gener-
al assembly Of the State OF Aykamsas,
as follows, That the Act of the General
Assembly of the State of Arkansas which
become a law on the thirtieth day of De-
cember A. D. 1848, entitled an Act to dis
tribute the proceeds of the 100000 acres
of land granted to the State of Arkansas
for Internal Improvements is hereby re-
pealed
SEC. 2. That each county which had re-
ceived any portion of the proceeds of the
five hundred thousand acres granted to this
State for purposes of Internal Improvement,
by the act Of Congress, approved the
day of September, A. d. 1S41, shall retain
the same and apply it to such purposes
as are indicated by the act hereby repealed
SEC. 3. That any county which shall, at
the passage of the act, be entitled, under
the provisions of said act, hereby repealed,
to receive any portion of said fund there
fore and announced by the Treasu-
rer as ready for distribution, vhall be enti-
tied to receive the same and apply it to such
repealed.
Sec. 4. That the residue of such fund,
which now is or hereafter may be in the
Treasury, shall in no case, nor under any
pretence, nor upon any contingency, be
used or borrowed by the State, for any
other purpose than is hereinafter provided.
Sec. 5. That whenever, and as often as
there shall be in the Treasury, sufficient
amount of such fund to pay to each coun-
ty in the State, the sum of one hundred
dollars, the same shall be placed equally to
the credit of each county, there to remain
until invested as hereinafter provided
Sec 6. That all moneys so passed to the
credit of the several counties, shall be in
vested in the stock of the following Rail-
roads named, as the county court Of each
county by order Of its record, shall direct );
that is to say:
Number one, the Railroad from point
on the bank of the Mississippi river oppo-
site Memphis, to Little Rock, and thence to
Fulton, or some other contiguous point on
Red river
Number two, the Railroad from Helena to
Little Rock and thence to Fort Smith or Van
Euren, or to BOTH
Number three, the Railroad from the Mis-
souri, line to connect with Railroad to st.
Louis, to Little Rock and thence to the
Louisiana line to connect with branch of
the New Orleans, Opelousas and Great Wes-
tern Railroad.
Number four, the Railroad from Gaines
Landing to Camden, and thence to Fulton
on Red river
Sec. I. That by separate corporations
are chartered or established and organized
for the purpose of building parts of said
roads only then such moneys shall be in
vested in the stock of such parts Of said
roads, as the said county courts shall respec-
lively direct
Sec. 8. That whenever any county court
shall, by order of it's record direct in what
stock the moneys so to the credit of it's coun-
ty shall be invested, copy of such order,
under the seal of the court, shall be by the
clerk forthwith forwarded to the Treasurer
of the State, and any such direction may
be at any time revoked by such court, and
investments in some other of the above
named roads directed; but such revocation
or change shall in no wise affect investments
previously made.
Sec. 9. That until such direction is re-
ceived by the Treasurer, he shall invest the
moneys placed to the credit of the counties
of Mississippi, Crittenden, St. Francis Mon.
roe, Prairie, White and Pulaski, and also.
those placed to the credit of the counties of
Saline, Hot Spring, Montgomery, Pike,
Dallas, Sewer, Polk and Hampstead, in the
stock of said Railroad, numbered one !. or.
if separate corporations are organized for
the purpose Of building the portion of said
road between Memphis and Little Rock,
and the other, the portion between Little
Rock and Red river, then he shall invest
the moneys of the former counties in the
stock of the former portion, and that of the
latter counties in that of the latter Dor
tion. He shall invest the moneys placed
to the credit of the county of Phillips,
and also those placed to the credit of
the counties of Conway, Pope, Perry, Yell,
johnson, Van Buren, Scott, Sebastian,
Washington, Madison, Carroll, Newton,
Marion, Searcy, Franklin, and Crawford, in
the stock of said Railroad, numbered tuo !.
or, if separate corporations are organized
for the purpose of building one, the portion
of said road between Helena and Little
Rock, and the other the portion between
Little Rock and Fort Smith, or Van Buren,
then he shall invest the moneys of the for
mer counties, in the stock Of the former
portion, and that of the latter counties in
the stock Of the latter portion of said road
He shall invest the moneys placed to the
credit of the counties of Independence.
Randolph, lizard, Jackson, Poinsett, Green,
Lawrence and Fulton, and also that placed
to the credit Of Jefferson, Desha, Arkansas,
DroM A Oh LOU and IIx,;o,, Al q