The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-12-22
TENN EssEE RAILROAD Law.
o establish system OF lsternal improvements 10

TO establish a system OF l.ternal improvements 10
this state
SECTION /. Be il enacted by the General Assem-
bly, OF the state OF Tennessee That whenever the
East Tennessee and Virginin k x Co shall have
procured bona hide subscriptions Tor tho capital stock
Ill said company 10 an amount sufficient 10 grade
bridge, and prepare Tor the iron rails the whole OK.
tens OF the muin trunk line proposed be construc.
ted by said company To The Governor OF the State
that said subscriptions are good and solvent, aud
whenever said company shall have graded, bridRed
and shall have ready 10 put down the necessary Tim
bers Tor tie reception oil rails, and fully prepared
section oil shiry miles OF said road either termi.
nus. In GO d and substantial manner, with god
materials, iof putting ON the iron rails, and equip
ments, and the Governor shni! be notified OF ihese
facts and that said section, any part thereof is
10 subject any lien whatever, other than those
cren,ed in favor the State by the acts oil l65l-dly
the written Atldavis o the chief engineers and Pres
ident Of satd company, tog ther with the written al
tidayi Of competent engineer, by him appointed
al the cost OF the company, 10 examine said sect n
then SAID co pany, coupon bonds ,ot the State oi
Tennessee 10 Mn amount not exceeding ~, 900 per
mile on said secilon and on no other condition
which bonds shall be payable At such place in The
UhIed States az the President OF lie company mny
designate, bearing interest OF per cent per an
mum payable semi. annually and not having more
than forty, nor less than thirty years 10 mature
SEr. 2 be il enacted, That the bonds before
specified shall not be used by said company no,
any other purpose than or procuring the iron rails
road and ior putting down said iron rails and the
Governor shall issue the same uniess upon the nj.
hdasit oil sald President and resolution of mn.
~ iiy oi the board ot directors Tor the time being
that said bonus shall not be used Tor any other puT-
pose than for procuring said iron rails chairs sykes
and equipments ior sali section. and Tor putting
down said iron rails, and the Government shall
have power 10 appoint commissioner 10 act un.
der oath, lii conjunction with said Prcsieent in me-
gouasing said bonds ior the purposes aforesaid and
10 net IN aiy other matters pertaining to said com.
pany, where the interest o The state, IN the State
/ 10 The op mon ol the Governor may Iequ ire IT,
] SIc. 3 BE II enaicied. That 20 soon as the
bonds OF tie sn.e shall have been issued Tor the first
section d Inc road MS Aforesaid, they shall con.t
tute lien upon said section prepare Il as aiorc.
said including the road bed right Of way, grading,
briges ard masonry. upon the stock subscribed ior
IN said company, aud upon said iron rails, chairs
spikes and equipments, when purcha.e ed and dciy-
cred, aud STATE oil ennessee, upon the issuance Of
SAID bonds and by yir.ue oil the same. shall be- in
vested wan saii lien Or mortgages without d, ed
from the company or the pnym slt by said company
OF said bonds, With the interest thereon as The Same
becomes due
sec. / ps a cn.e.sd, Ina, when SAID COMPANY
shall have prepared No aforesaid a second srrt on
oT any additional number OF saciions al fu,.ytv
miles each oi said road. connecting viii \ ser,,,n
already completed tor the lion rails chalrs sn,kes
aud equpm, MS, provided Tor ia the hrst SECTION
o this act, aud ihe Governor sla be ito fled 4 ~.
facts before pro sljeu hu shall. in ike manp.r
issae 10 said company like binds OF the State ..
ienness ee 10 ali equal amount with thai before ia
sued under the hrst section VI this act Tor each nnd
every section oi iwenty miles oil said road II, IRE,
pafea rs Aforesaid, but upon the Terms and cund,
mons herein before provided, and upon The issuance
.spi the saia bonds, the State oi tennessee shall b.
a. Invested win nike mortgage " lien without a
dsed igofn said company, upon SAID stock, and upon
said hrn ami additional SECTION sections OF sad
, road 40 prepared, upon the rail- and equipments
put % 70 oc PIT upon The me, Tor the payment Of
. said bonds and the accfu.ng iniersl thereon
PROVIDED. hat u the last section vi said road
shall DO less than twenty miles, or ii the railroad
proposed ~ he constructed b, any company het EN-
at.r siecnd, shall be Less than thirty miles IN
tent, bonds oi the Stale shall be issued Tor such sec
uon, " such rail- road ~ may b. isss than thirty