The true Democrat., 1855-02-07

the Governor of the State and State Treasurer and be paid out upon the order of the Governor when said work is done.
 3, Be it further enacted, That this act take cf feet and be in force from and after its passage and that the Treasurer be and he is hereby authorized to remove the State funds from the State Bank to the Real Estate Bank in the city of Little Rock until the Vault in the Treasurers office is completed.
 Approved 18th December, 1854.
 AN ACT fixing the line of the Little Rock and
 Fort Smith branch of the Cairo and Fulton rail-
 road, and granting the lands donated by Congress
 to the State in aid thereof.
 [. Be it enacted by the General Assembly of the State of Arkansas, That the lands within this State along the entire length of the line of the Little Rock and Fort Smith branch, of the Cairo and Full ton railroad from Little Rock to Fort Smith, with the right conferred by the act of Congress, of selecting other lands in lieu of such may have been sold, or otherwise appropriated by the United States, and which said lands were granted by an act of Congress entitled nn act granting the right of way, and mak- ing grant of lands to the State of Arkansas and Missouri, to aid in the construction of railroad from
 point on the Mississippi river opposite the mouth of the Ohio, uia Little Rock to the Texas boundary, near Fulton in Arkansas with branches, to Fort Smith, and one to point on the Mississippi river, approved the ninth of February, eighteen hundred and fifty three, hereby granted to the company of the Little Rock and Fort Smith branch of the Cairo and Fulton railroad, so that they may be le- galy applied in aid of the construction of said branch line of road, and that the line of route for said branch road, surveyed by the said Little Rock and Fort Smith branch railroad company, of the before mentioned Cairo and Fulton railroad, from Fort Smith Via an Buren, lntersectng k. l.. Hunters survey in Pope county, as reported by Captain Joshua Barney, Chief Engineer of said branch road, and adopted by the directors of said branch railroad company thence to Little Rock. under and by authority of charter of said company, adopted the seventh day of Sep tember, eighteen hundred and fifty three, organized according to the provisions of act of the General Assembly, entitled an act granting corporate powers for certain purposes. approved eighth January eigh teen hundred and ftty-one, and copy of said char ter filed in the office of the &cetaay of tate on the twenty fifth day of November, eighteen hundred and three, in accordance with the provisions of said act. which survey was completed on the twenty cond day of August eighteen hundred and fifty four and reported to the president and directors of said company, and by them approved the twenty third day of August, eighteen hundred and fifty four and the line or route of said branch railroad designated and fixed as shown by the survey and resolutions of the board of directors of said company of that date be and the same is hereby adopted, and definitely fixed, the line route of said branch railroad except such slight variations the actual location of the work may in the judgment of their Chief Engineer actually require in pursuance of the pro- visions of said act of Congress well as those here matter stated.
 ,. Be it further enacted That after the expira- ton of twenty years from the date of the completion of said branch road, of the completion of any di- vision, twenty five miles of said road said company shall pay into the State Treasury for the division so completed annual tax upon said road fixtures. houses and other property equal to that paid upon other taxable property in this State for the time be- ing; provided that said tax may be levied whenever said company shall declare d devidend of not less than ten per cent, provided further the tax shall not be assessed and collected until said company shall declare devden of ten per cent. upon their capital stock by their directors; and the Governor of this State shall at any time if he believes that the direc tors o said company conceal or mstate the con dlnon ot the company, have power to appoint three mi company. with the power to examine the officers of the company under oath. and compel them by any legal process to exhibit their books. and give all infor nation necessary to determine the true amonnt of the dcyidends of the company.
 }. Be it further enacted, That the said Little Rock and Fort smith branch road company or such company may organize under the general incorpo- ration law of this State in lieu of said Little Rock and Fort smith company, in accordance with the pro- visions of this act shall transport over their rail road the troops and munitions of of the United States, free of cost and the United States mails ac cordng to such rates may be fixed by the laws of Congress.
 $ f. And be it further enacted That before the said Little Rock and Fort Smith branch company shall claim or receive any of the benefits of this act said company shall allow, and their charteris here by modified as to allow any lateral or other roads now in process of construction or hereafter to be constructed to form junction with said Little Rock and Forth Smith branch railroad upon said other road paying to said Little Rock and Fort smith
  cessary expenses incurred in making such connec- ton.
 $ 5 Be it further enacted That said lands are granted to the Fort Smith and Little hoc branch of the Cairo and Fulton railroad company upon the cy- press condition that said com lany shall within four years from the passage of this act complete ten or grade twenty five miles of said road at their option and in said company shall il to comply with said condition then said company shall forfeit their charter and all their corporate rights hereby conveyed. and shall surrender all theircorpoae rights and franchises P5Ur5ded The legislature shall by joint resolution require them to do; Pr5u1ed The said company of the Fort Smith branch of the Cairo and Fulton railroad do within six months from and after the passage of this act pay to the Treasurer of the Arkansas and Pecifc Railroad Company any amount that Captain R. L. Hunters survey may have cost. from the point where the survey of the Little Rock and Fort Smith Company intersect the survey of R. L. Hunter. Chief Engineer of the Arkansas and Pacific Company to Little Rock which amount shall be asccrtaned by the certified report of Captain E. l.. Hunter. of the Arkansas and Pacific Railroad Company under oath. withintercst thereon from and after the first day of August eighteen hundred and ifty-four. and in default of such payment this act shall be null and void, and of no effect That upon the payment of said amount the Arkansas Pacific branch Company shall transfer to the Fort Smith branch the right of way and right of construction from Little Rock to the point of intersection made by Captain Barney.
 G. And that this act take effect, and be in force from and after it's passage.
 Approved 18th January, 1855.
 AN ACT to incorporate the Little Rock and Fort
 Smith Railroad Company. $ l. Be it enacted by the General Assembly of the State of Arkansas That the said corporation shall be composed off, ohm Drennen, E. B. Bishop D. l.. Bourland. A. G. Mayors L. Robinson. R. H. Brown M Rose, Thos A. Howell, A. Gordon. Geo. w. Clark P. Pennywit, Justin Beneux. George Birne. William Goodrich, R, Cunningham John McFadden R. w. Benedict, Mark Bean and such other persons. corpo- rations States. counties and cities as may sub scribe to stock in said company, and comply with the provisions contained in this act. and also with the by laws rules and regulations of said company and the general law of the land respecting the same.
 s2. That said corporation is established for the purpose of constructing working and maintaing a railroad from Little Rock by way of Van Buren, to Fort Smith, in this State
 3. The corporation hereby created by it's corpo- rate name and style aforesaid, shall have succession fol ninety ynine years, and be empowered and ent- tied to and be sued plead and be impleaded, grant and take by grant, contract release purchase and hold lands, and chattels and have common seal with the power of alteration and all other snch ord nary and necessary powers liberties franchises pr- vieges and incidents of bodies political and corpo- rate, under this act, and the general law of the land, it may legally take, obtain, hold, possess and enjoy.
 n1 nf+ l,