Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-04-13
Passed Iarch 10. 1850.

AN ACT to provide equalization investment
linking Fund the Bonds issued to or endorsed Tor Railroads
SECTION l. Be enacted by the General Assembly OF the State
of Tennessee, That the money the bonds that have heretofore
may paid by cities railroad companies this State
the Sinking Fund Commissioners, by the lt day CT January
passed directly Of the party having paid
the and be release said party for that the
SIC. , said bonds shall all be cancelled by said Commission
and if endorsed bonds OF railroad company shall be
canced as hereinafter provided ior the cancellation Of State
bonds, and shall be delivered SAID company corpora
ton, taking the Presidents said company, the officers
said company receipt Tor the same when receipt snail b. Med
and Of the placed upon book which the said Com
msoners shall keep fO- that purpose II STATE bonds, they
shall be eanceei and fled In the ONCE Of the Secretary OF state
as hereinafter provided
companies city corporations who may
the bonds Of the State its endorsement Of their
C T' i f5n ON N the srno1n 1 Of be bonds 1t I
issued endorsed by the Sa for said corporation
be paid equal instruments the frs days Of April and DC
obe years after the date Of said bond and annually there
SIC during any year, shall dated
on the first day Of Janusryo Of that year
Said companies corporations may pay said sinking
fund cash. the like character Of bonds that may have
been ssded or endorsed By the State for said company at their
SEC s. If paid in money the Commissioners shall invest it
cancelled and fled provided Such bonds Of
the character those issued to such company
ton.
SEC Z The sinking fund when paid in all cases shall Re pass
ed directly the credit Of said company corporations and be
release to sad company or corporation from that amount due
by item the Slate The Commissioners shall issue receipt
duplicate III well bound book, kept for that purpose.
SIC g. Zach and railroad company city corporation
shall provide the interest semi annually provided by law,
the Of bonds unpaid the tine said interest falls due
and the original amount issued endorsed by the State
for said company as heretofore provided.
SEC The Comptroller Of the State shall keep regular
cou against each corporation, charging them with
the amount OF bonds originally issued to OF endorsed for said
corporation by the STATE and crednE them by the
amount of sinking fund paid and shall furnish the Treasurer Of
the SaR statement OF the amount due by each company
pOraon, the first OF ard December OF each that he
know how much interest each company corporation has
to pay
SEC TO- The Commissioners Of the Sinking shall
all bonds Of the State paid purchased by cutting
out the Governors and Secretary OF States and de-
facing each that it by possibility be used crcu
SEC IL This law shall be in full force from and after pas
construed otherwise affect any the subject Of
sinking fund the payment Of interest due State endorsed
bonds W. c. WHITTHORNE,
Speaker Of the House of Representatives.
TAI. W. NEWMAN,
Passed March 20, 1850 Speaker Of the Senate
AN ACT to allow NatOres Public to DISPOSITIONS.
Be enacted by the General Assembly Of the state eff Tenns
That all Noares Public commissioned by the Govern Of
this State shall be authorized take dispositions in the county
in which he resides and certify the in the
seribed BY law which said certificate shall the locality Of
said notary. WHITTH0RNE,
Speaker Of the House Of Representatives.
TAI NEWMAN,
PASSED. March 20, 1860. Speaker Of the Senate.