Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1855-02-22
AN ACT
For the benefit of the Pacific and other
Railroad Companies.

ANoi4AV"V SO"hPc'ASo'
Be il enacted by the General Assembly
Of The State of Missouri, as follows:
SEC. |. That the sum Of two hundred
thousand dollars be- and the same is hereby
loaned 10 the Pacific Railroad Company.
said loan 10 he paid to said company out of
any money in ihe treasury not otherwise
appropriated; provided that said company
shall. before receiving thc money aforesaid,
or any part thereof deposit with thc Treas
urcr Of the State, bonds Of the State Of
Missouri for like amount. 70 he redeemed |
by said company MS follows half Of
said amounl in rour months. and the balance
NJ tlo cnd Of six mouths from the passage |
of This ncl; and said company shall pay in
tcrcSt on the money loaned a'rthc rate Of six
per cent. nnr nnnum and If said company
shall fal 10 redeem said bonds at the times
herein specified, the Treasurer Of the State
shall rrocccd IN sell said bonds for the high !
cs' rricc tha' con be obtained for said bonds
and 'hc eai1 company shall be liable for and
NV 10 tho State al loss sustained hv the
sale or said hond<: and provided further.
that M bonds shall be issued 20 sail comma
nv after 1c'ou't IS rade in the payment Of,
'he Aforesaid sum or any part thereof until
said company fully nay and indemnify the
State on account of said loan.
Src. 2. As often hereafter as either of
thc Railroad Companies 20 which State
credit has been granted, shall produce 70 the
Governor Of this State proof satisfactory 10
him Of the total amount Of money derived
by such company from the payment Of bora
fde stock Subscriptions. or from other sour
ccs (o'hcr than State bonds not creating or
entitled TO any lien on such road; and that
said amount Of money has been in good
faith applied TO the surveying, locating. con-
structing and equippinc Of such road, il
shall be the duty Of the Governor TO cause
to be issued and delivered to such company
bonds Of the State. in such form of bond as
required by the former acts, granting said
State credit, bearing interest at rate not
exceeding six per cent. per annum, TO an
amount that. together with the total amount
of State bonds previously issued to said
company under this or any former law, shall
be equal to the amount so proved by such
companies, as aforesaid, to have been ex-
pended from the stock and ether resources
of said company not creating or entitled to
any lien on such road; provided that the TO-
tai amount of bonds issued or to be issued.
TO the respective companies by the State
under this or any former law, shall not ex-
ceed the sum for which the credit CT the
State has been granted Ivy former laws; and
provided further, that no provision in this
act shall authorisc any Railroad Company
, 10 Use any of the proceeds Of sad State
bonds, in any mode other than that pre-
scribed by the previous acts authorising the
, issue Of said State bonds; and provided fur
ther, that the people of this State for Sc
curing the payment of the principal and in
'ereSt Of the sums Of money for which
oo''us 'h"y from l'Li'e % 'ihe DC lSs"eu' ana
accepted under TINS net, shall have mort
f gage on the roads Of Csaid companies, and ev-
cry part and section thereof, and apPurtc-
; nenances' N Ike manner as Is provided Tor
? securing the payment Of the principal and
; interest Of the sums Of money for which
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